Finance

IRDAI issues exposure draft on compensating shareholder on merger of insurers

NEW DELHI: Regulator IRDAI has come out with draft regulations for determination of compensation to shareholders on merger of insurance companies, under which payment will be based on the residual value of assets. “…compensation to the shareholders whose rights against the acquiring insurer has been reduced…shall be paid based on the residual value of the […]

Small Business

Ivory Coast opposition leaders face prison for forming rival government — prosecutor

The opposition boycotted the October 31 ballot after Ouattara decided to run for a third term in a country that has a two-term limit. When results showed Ouattara won with 94%, former president Henri Konan Bedie and ex-prime minister Pascal Affi N’Guessan said they did not recognize the vote and announced a transition government. Ouattara, […]