“Higher input costs associated with an increase in energy prices...
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India is expected to receive below-normal monsoon rainfall in 2026
India is expected to receive below-normal monsoon rainfall in...
From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk
Risks sharpen for the global economy if oil moves above $110 or...
Public health of Indians at risk due to substandard imports of PVC resin from China: Report
The study, titled "Balancing Growth and Public Health Safety: Criticality of PVC QCO in India," was released at IIT Delhi on Wednesday. It highlights that PVC, which forms nearly 30 per cent of India's economy, is used in critical areas such as water supply,...
Banks at crossroads as AI costs rise and risks escalate: S&P Report
In terms of risk management practices, the report pointed out that deploying AI technologies introduces new technical risks and increases reliance on third-party vendors. At the same time, AI can help banks improve risk identification, monitoring, and pricing. New...
Mahindra & Mahindra and Canadian Manulife form 50:50 life insurance JV, To invest Rs 3,600 crore
“We can plan getting into non-life business if composite license is allowed by the government afterwards.Mahindra brand strength, deep distribution capabilities in rural and semi-urban India and execution excellence make life insurance a logical extension towards our...
Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...
Managing Customers: Banks and insurers deploy AI agents to fight fraud and process applications
-Three in five banks and insurers cite customer onboarding among top reasons for AI agent adoption,-33% of firms are actively developing proprietary AI agents in-house, though only 10% have deployed at scale,-Nearly half of banks and insurers are creating new jobs to...
IRDAI closely monitoring health insurance claims gaps, says Chairman Seth
Ajay Seth, chairman,IRDAI `While the number of health insurance claims settled is high, the amount settled especially in full is sometimes lower than expected.This is an area we are monitoring closely. Our expectation from the insurers is clear. Prompt, fair and...
Asia’s wealthy families unprepared for successive planning as their fortunes near $99 trillion
Chaotic handovers have the potential to freeze assets in legal disputes, fragment family empires, and destabilize companies that have grown rapidly but lack the governance structures that many Western dynasties built over generations Asian private wealth is projected...
Super Typhoon Fung-wong slams into Philippines, two dead
The typhoon could cover two-thirds of the Southeast Asian archipelago with its 1,800-kilometre-wide rain and wind band, forecasters said. It approached from the Pacific while the Philippines was still dealing with the devastation wrought by Typhoon Kalmaegi, which...
Data Centers: AI and cloud computing drive global construction boom
According to market research, up to $7 trillion will be spent on data centers by 2030 – a huge sum driven largely by technology companies in the US and China, while Europe lags a few paces behind. The tech industry’s big three, Amazon, Microsoft and Google Cloud,...
Chronic kidney disease: India had 138 milion cases in 2023, 2nd globally
Chronic kidney disease is a major contributor to heart disease and accounted for almost 12 per cent of cardiovascular deaths around the world in 2023. It ranked as the seventh leading cause for heart-related mortality, ahead of diabetes and obesity, the team said...