Axis Bank awaits regulatory nod to reclassify three promoters as public shareholders telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space
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HERZLIYA, Israel and TOKYO, May 20, 2021 /PRNewswire/ Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, Inc. today announced a strategic partnership through capital investment into Upstream Security, which offers a cloud-based mobility cybersecurity and data analytics platform as part of the automotive OEM s vehicle security operations center (VSOC). MSI is leading Upstream s C-Round as part of a larger investment round that will be announced by Upstream during Q2 2021. In addition to MSI, I.D.I. Insurance Company, one of the Israel s leading insurance companies, also took part in the investment round. Earlier this year, I.D.I. together with MSI, launched a joint technology hub in Israel.
Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
IRDAI Imposes Rs3 Lakh Penalty on Max Life Insurance and Rs5 Lakh on IFFCO Tokio General Insurance
Moneylife Digital Team
30 April 2021
The Insurance Regulatory and Development Authority of India (IRDAI) imposed a nominal penalty of Rs3 lakh on Max Life Insurance and Rs5 lakh on IFFCO Tokio General Insurance Co Ltd for violating corporate governance and disclosure rules and violations of provisions of its guidelines on Motor Insurance Service Provider (MISP), respectively.
According to IRDAI, the company did not disclose related party transactions with Analjit Singh group companies such as Max Skill First Ltd.
“Max Life did not disclose the details of payments made to the Max Skill First in the half-yearly outsourcing returns filed with the Authority for the financial years 2015-16 and 2016-17 in violation of Clause 11.2 of IRDA Outsourcing Guidelines, 2011,” the insurance regulator said.
Japan Post Group and Rakuten Group Business Alliance: Progress Update Japan Post Holdings Co., Ltd., (Headquarters: 2-3-1 Otemachi, Chiyoda-ku, Tokyo. President: Masuda Hiroya, hereinafter Japan Post Holdings ) , Japan Post Co., Ltd. (Headquarters: 2-3-1 Otemachi, Chiyoda-ku, Tokyo. Representative: Kazuhide Kinugawa, hereinafter Japan Post ) and Rakuten Group, Inc. (hereinafter Rakuten ) today shared a progress update regarding the business alliance agreement announced on March 12, 2021, between Japan Post Holdings, Japan Post and Rakuten. 1. Business alliance overview Logistics Creation of shared delivery and pick-up centers Collaborations and initiatives between Japan Post and Rakuten to expand usage of Rakuten Fulfillment Centers and Japan Post s Yu-Pack parcels