Facts

Fundamental changes to insurers current model unavoidable:WITR 2019

Life, Non-Life, Risk Management, Technology       Oct 07, 2019

  Success within the future insurance marketplace will require a structured approach to product development based on a keen understanding of customer needs and preferences, astute partner selection, and a pragmatic go-tomarket strategy. Clearly, fundamental modifications to the current operating model will be unavoidable.   This is ...

IPOs emerge as cash cow for investors in 2019, 70% trade above issue price

Eco/Invest/Demography, Wealth Management       Oct 06, 2019

  New Delhi: The primary market has emerged as the cash cow for investors in 2019, amid high volatility in the secondary market, as 70 per cent of the new entrants are trading well above their issue prices, giving returns of up to 95 per cent...

Only 10% of Indian CEOs confident about reliability of AI applications: PwC

New Delhi: Even as AI has the potential to solve complex problems effectively at scale, badly designed applications can cause more harm than good, PwC India said in its report based on a comprehensive study conducted with over 1,000 CXOs and business decision makers from...

With 150 million drivers, India has only 8000 electric cars 

Eco/Invest/Demography, Non-Life, Technology       Oct 06, 2019

  Hyundai Motor Co. launched India’s first electric SUV this summer with a quirky TV commercial urging millennials to “Drive Into the Future.” A few months later, the automaker finds itself on a lonesome road.   In a nation of about 150 million drivers, only 130 Kona...

An India-Pakistan nuclear war could kill millions, threaten global starvation

  A nuclear war between India and Pakistan could, over the span of less than a week, kill 50-125 million people—more than the death toll during all six years of World War II, according to new research.   A new study conducted by researchers from the University...

World's largest banks lagging in sustainable finance: Report

Despite pressure from activists, investors and governments, the majority of world's 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continue to finance fossil fuels, according to new findings by the World Resources Institute released on...

Mukesh Ambani richest Indian with net worth of Rs 3,80,700 crore: Report

Eco/Invest/Demography, Wealth Management       Sep 25, 2019

  Mumbai: Reliance IndustriesNSE 0.07 %' Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net worth of Rs 3,80,700 crore, according to the latest IIFL Wealth Hurun India Rich List. London-based SP Hinduja & family, with assets...

Five-year period ending 2019 set to be hottest on record, says UN report

  Average global temperature between 2015-2019 is on track to be the hottest of any five-year period on record, a UN report by the world's leading climate agencies said Sunday.   "It is currently estimated to be 1.1 degrees Celsius above pre-industrial (1850-1900) times and 0.2 degrees...

'Have to do it': Jeff Bezos sets deadline for Amazon to be carbon neutral

Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday committed the company to being carbon neutral by 2040 and said part of that pledge is an order for 100,000 electric delivery vans from a start-up the online retailer has invested in.   Cutting emissions is a...