The escalating tensions will hurt earnings of the firm with...
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Extreme Heat:Making life increasingly unlivable
Scientists determined that on average, those 65 and older...
Drugmakers warned against direct or surrogate weight-loss drug and obesity ads
Promotional activities, including what it described as "so-called...
State finance ministers’ panel discusses ways to curb ITC frauds sector-specific tax evasion
As per data on ITC frauds unearthed by central and state GST officers, over the two years 2023-24 and 2024-25, a total of 42,140 fake firms were detected, which were involved in fraudulently generating ITC of over Rs 1.01 lakh crore. New Delhi: A panel of state...
India holds 3rd rank globally in fintech startup funding with $889 million in Jan-June
“While the Indian FinTech sector has seen a temporary dip in funding, the steady momentum in early-stage investments and growing acquisition activity indicate that investor interest remains strong, particularly in scalable, innovation-led models,” said Neha Singh,...
UAE becomes world’s third-largest holder of sovereign wealth and public pension assets
This places the UAE behind only the United States, which tops the list with USD 12.12 trillion, and China, with USD 3.36 trillion, making it the largest holder of sovereign-owned investor (SOI) assets in the Middle East. The United Arab Emirates now ranks third...
Contractual employees entitled to maternity leave: Orissa HC
Rejecting the state government’s contention that only regular women civil servants qualify for maternity leave, the court observed: "Women employees for the purpose ofavailing such benefit do constitute one homogenous class and their artificial bifurcation founded on...
ICICI Prudential Pension Funds crosses Rs 50,000 crore AUM
Today, ICICI Prudential Pension Funds serves over 1.2 lakh NPS accounts through Points of Presence (POP), and 9.71 lakh subscribers as a Pension Fund Manager (PFM), spanning corporate and retail segments. Mumbai: In a landmark achievement, ICICI Prudential Pension...
NCDEX in partnership with IMD to develop country’s first weather derivatives
This Memorandum of Understanding (MoU), signed on June 26, lays the critical groundwork for the launch of India's first weather derivatives -- a long-anticipated market instrument designed to help farmers and allied sectors hedge against climate-related risks such as...
India’s health survey data reveals 13% children born prematurely, 17% with low birth weight
Climate conditions, such as rainfall and temperature, were found to have a greater link with adverse birth outcomes. New Delhi: India's demographic health survey 2019-21 reveals that 13 per cent of children were born prematurely, and 17 per cent with a low weight at...
Axis Max Life Insurance reports cyber threat
Indian firms such as Angel One, Niva Bupa Health Insurance and Star Health, and HDFC Life Insurance have reported high-profile security breaches in the past 10 months. Cyber fraud cases in India jumped more than four times in fiscal 2024, causing losses of $20 million...
IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers
(L to R)-R Venkatachalam Iyer, MD & CEO Tata AIA, Amit Jhingran, MD & CEO SBI Life, Piyush Pandey, advertising professional, Swaminathan Iyer, member, Life, IRDAI, Kamlesh Rao, MD&CEO,ABSLI, RK Patnaik, MD, LIC, Rushabh Gandhi, MD&CEO India First at an...
Indian companies paid Rs4 crore on average for cyber attack demands: Report
According to the State of Ransomware in India 2025 report, the median payout towards ransom was USD 481,636 (about Rs 4 crore), down 79 per cent from the previous year. New Delhi: UK-based cybersecurity firm Sophos on Wednesday claimed that 53 per cent of Indian...