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Cut costs, fix mis-selling to make insurance products affordable: IRDAI member to insurers
"The high cost of acquisition and high expenses of management (EoM)...
Govt plans expansion of domestic maritime capabilities: Sanjeev Sanyal
Sanjeev Sanyal, Member of the Economic Advisory Council to the...
Credit fund’s collapse leads to $1 billion lawsuit against EY
In a claim filed with Ontario’s Superior Court last month, PricewaterhouseCoopers alleged that EY issued unqualified opinions on Bridging’s books from 2014 to 2020 despite red flags, including inflated asset values and hidden defaults. Bridging Finance Inc.’s receiver...
Seventeen river gauge stations across India currently above warning level CWC
According to the latest flood bulletin issued on Wednesday, there are no stations currently in an “extreme flood situation”, where the previous highest flood level (HFL) is equalled or exceeded New Delhi: Seventeen river gauge stations across India are currently above...
SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
The overall net assets under management (AUM) of the mutual fund industry rose to an all-time high of Rs 74.41 lakh crore as against Rs 72.20 lakh crore in May and Rs 69.99 lakh crore in April, according to the AMFI data. New Delhi: Mutual fund systemic investment...
Trump’s Tariff Shock: Global economic & insurance premium growth to slow down, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist, said: "While insurers' profitability outlook is still benefiting from rising investment income, we expect tariffs to slow global GDP growth, and consequently weigh on insurance demand. In the long term, US tariff...
Renewable & Clean Energy Technologies: Set to grow exponentially to meet rising global demand
Countries such as China, India, Japan, South Korea and in ASEAN are accelerating the deployment of solar, wind, hydro and emerging technologies, including hybrid installations that integrate batter energy storage systems (BESS) and floating solar photovoltaics (FPV)...
Trade unions go on daylong strike, services largely unaffected
The unions' demands include doing away with the four labour codes, contractualisation, privatisation of PSUs, increasing minimum wages to Rs 26,000 per month, as well as the demands of farmer organisations for minimum support price for crops based on Swaminathan...
Maharashtra to come up with separate law for gig workers
Maharashtra Labour Minister Akash Fundkar on Tuesday said 'gig workers' or those who work for online 'platforms' or companies such as Zomato need social security, and the state government will come up with a law for them. Speaking in the legislative council, Fundkar...
Impostor uses AI to impersonate Rubio, contact foreign and US officials
Marco Rubio US ,Secretary of State The misuse of AI to deceive people is likely to grow as the technology improves and becomes more widely available, and the FBI warned this past spring about “malicious actors” impersonating senior U.S. government officials in a text...
Houthi militants continued to pound a commercial ship in the Red Sea
“These incidents highlight the Houthis’ disregard for human life, as they continue to exploit seafarers as pawns in their strategic conflicts,” said Jakob Larsen, chief safety and security officer at BIMCO, the world’s largest direct-membership trade group for the...
Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services
A forum of 10 trade unions has given a 17-point charter of demand. It includes withdrawal of fixed-term employment and scrapping of Agnipath scheme, 8-hour workday, restoration of non-contributory Old Pension Scheme and a minimum monthly penion of Rs 9,000 for the...