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LIC,New India and GIC Re remain as Domestic Systemically Important Insurers in FY26:IRDAI
D-Slls refer to insurers of such size, market importance, and...
Apr1 Renewals:India’s loss-free excess of loss business saw price reductions exceeding 20%, says Guy Carpenter
Atish Suri, CEO India, Middle East & Africa, stated,"In the...
Tariff refund lawsuits surge amid uncertainty about US plans
Nearly 1,000 new cases were filed in a US trade court since March 1, according to a Bloomberg News review of publicly available records. That’s roughly a third of the more than 3,000 tariff lawsuits brought over the past year. The number of companies suing for tariff...
West Asia crisis impact limited so far, but risks rise if Strait disruption prolongs: Jefferies
The report further emphasizes the fundamental linkage between energy and growth, noting that "economic growth is energy consumed," implying that any sustained disruption could directly hit growth trajectories of countries like India. New Delhi:The ongoing West Asia...
Global trade growth likely to slow down to 1.9 pc this year amid West Asia crisis WTO
"Sustained increases in energy prices could increase risks for global trade, with potential spillovers for food security and cost pressures on consumers and businesses," WTO Director-General Ngozi Okonjo-Iweala said New Delhi:The global trade growth is expected to...
Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re
``According to our modelled peak-loss scenario, insured losses could even climb to about USD 320 billion in 2026. As exposure keeps building, the upward trend in insured losses is structural and it is critical to identify the risk drivers behind this to manage and...
Nearly 45% of Indian road accidents fatalities involve 2-wheelers, says Secy, MoRTH
Reaffirming the Government’s focus on high-risk areas, he informed that 100 districts with the highest number of accidents have already been identified for targeted interventions. New Delhi:V Umashankar,secretary, Ministry of Road Transport and Highways, remarked that...
Train accidents decline by 90 pc since 2014-15, says Ashwini Vaishnaw
Data shared by the minister showed that during 2004-05 to 2013-14, there were 1,711 consequential train accidents, resulting in 904 deaths and 3,155 injuries. This declined to 678 accidents between 2014-15 and 2023-24, with 748 deaths and 2,087 injuries. New Delhi:The...
Gulf banks face $307 billion deposit flight risk if war worsens, S&P says
An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in the Gulf, which have proved resilient since war broke out in the region last month.Banks insist they are continuing to serve clients, without interruption...
EU sanctions Chinese and Iranian companies for cyberattacks
The EU listed China-based Integrity Technology Group and Anxun Information Technology, and Iranian company Emennet Pasargad The European Union on Monday imposed sanctions against two China-based and one Iranian company for cyberattacks against EU member states. The EU...
Iran attacks energy sites, defying Trump calls for restraint
Qatar’s Ras Laffan Industrial City — home to the world’s largest export plant for liquefied natural gas — suffered “extensive damage” after an Iranian missile strike sparked a fire. The United Arab Emirates shut a major gas facility due to falling debris from...
EU moves to ban AI that creates nonconsensual sexual images
While Europe has a number of rules that make it illegal to produce and share sexual material without the subject’s consent, this amendment is the first to specifically target AI platforms. Lawmakers opted to target AI technology besides its users, due to swift...