Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance The IRDAI...
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Health Insurance: Key developments poised to redefine the sector
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Indian GDP growth to pick up in 2018; oil, inflation risk factors
After falling for five successive quarters from 9 per cent in the fourth quarter of FY2015-16 to a low of 5.7 per cent in the first quarter of FY2017-18, the GDP growth at 6.3 per cent in the July-September quarter of 2017-18 reversed the trend.Within GDP growth numbers, a highly encouraging sign is that while export growth has remained positive, import growth has fallen.
10,000 seaplanes to floating cities, e-highways: Gadkari’s infra plans
“Seaplanes, cruises, waterways, electric vehicles, pod taxis, catamarans, expressways” or the mammoth Rs 16 lakh crore Sagarmala and Rs 7 lakh crore Bharatmala initiatives will change the face of India’s infrastructure,”
India ends 2017 being among the best-performing markets globally
Buoyed by strong inflows into systematic investment plans (SIPs), mutual funds have purchased equities (net of sales) worth Rs 1.17 lakh crore during 2017. Foreign portfolio investors (FPIs) bought Indian equities worth Rs 51,492 crore (close to $8 billion).FPIs ended the year with a net inflow of over Rs 51,000 crore.
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2018 will be the year of smarter phones with larger screens and facial recognition
AI-based features are also making their way into wearables like fitness trackers and smartwatches that help people improve their health and lifestyles
Indian E-commerce market may cross $50 bn mark in 2018: Study
However, it pointed out that the Indian e-commerce sector is heavily dependent on the cash on delivery (CoD) mode of payment as it is the most preferred choice for Indian consumers due to lack of trust in online transactions, limited adoption of credit and debit cards, and security concerns, among others.
Santa Claus May Be At Serious Health Risk: Experts
Centuries of sherry-drinking, eating mince pies and working night shifts could be putting Santa Claus at serious health risk, according to the Royal College of General Practitioners (RCGPs) – a professional body for doctors in the UK.
Philippines storm death toll climbs to 182, hundreds still missing
The Philippines is pummelled by 20 major storms each year on average, many of them deadly. But Mindanao, home to 20 million people, is rarely hit
Surging bitcoin price pushes up costs for insurers for ransomware attacks
There’s been “a massive escalation” in both the number of attempts and the size of demands as criminals scramble for the hot cryptocurrency, said Michael Tanenbaum, an executive vice president at Zurich-based Chubb. The rise in price of bitcoin correlates,” he said, , declining to specify total costs. Around midyear, top payouts in corporate ransomware attacks began to exceed $1 million, dwarfing the previous maximum of about $17,000, he said.
Innovation hubs emerge in India, Singapore: Capgemini report
The survey covered five sectors: automotive, banking/insurance, consumer products, retail, and telecommunications.
In terms of newly opened innovation centres(between November 2016– October 2017), the US topped the chart, followed by Singapore and Germany in the second and third place respectively.Others in the top 10 include India at the fourth place, UK (5th), Israel (6th), France (7th), China (8th), Canada (9th)and Saudi Arabia (10th), the report said.
Top 10% earners have 55% of India’s wealth: Report
“In 2014, the share of national income captured by India’s top one per cent of earners was 22 per cent, while the share of the top 10 per cent of earners was around 56 per cent. The top 0.1 per cent of earners has continued to capture more growth than all those in the bottom 50 per cent combined,”