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S&P ups India’s FY’24 growth forecast to 6.4 pc on robust domestic momentum
The US-based rating agency, however, has cut growth estimates for...
Gujarat: 24 people killed in lightning strikes amid unseasonal rainfall
At least 24 people have died so far in unseasonal rainfall that hit...
Thailand sees apparent success treating coronavirus with drug cocktail
In a video released Sunday, health minister Anutin Charnvirakul visited a patient from Wuhan who had recovered from the coronavirus, chatting with her amicably in Mandarin as she thanked him and the medical staff.
LIC’s partial disinvestment could fetch the govt $11.9 billion:Analysts
Sameer Kalra, a strategist at Target Investing, estimates the IPO to be valued between 910 billion rupees and 1.01 trillion rupees, given an average 12-month forward price-to-earnings ratio of 30 to 35 times. “That is the range in which all the life insurance companies got listed,” he said.
As economic costs of Coronavirus mount, China accuses U.S. of overreacting
The number of deaths in China from the newly identified virus, which emerged in Wuhan city in the central province of Hubei in December, had risen to 361 as of Sunday, up 57 from the previous day, the National Health Commission said.
EU Prepares for Coming of Facial Recognition– On Its Privacy Terms
Facial recognition has emerged as a hot-button issue as the EU prepares to outline its plans to regulate artificial intelligence next month. Privacy advocates are urging legislation to prevent abuses, while law enforcement is warning against banning a tool that can make societies safer.
LIC listing could come in second half of FY21, says Finance Secretary
“We will follow the extant procedure for listing and for other things including the legislative changes it requires in consultation with the Ministry of Law and that process we already started … listing in the second half of FY21 seems logical,” he said.
Most UK insurers, banks unprepared for risks of climate change
The Bank is holding a consultation, led by Breeden, on stress-testing lenders and insurers on their exposures to global warming and the risks associated with a shift to a lower-carbon economy. She addressed the topic with more than 100 finance leaders at an event hosted by Odgers in London.
IRDAI allows re/insurers to launch ART Solutions with its prior approvals
“In case, the re/insurer intends to adopt ART, non-traditional structured solutions, Financial Re-insurance, then it shall take prior approval of the IRDAI,” said IRDAI.The insurers have to inform the IRDAI on or before 1st March of every year about any such proposed re-insurance arrangement to be entered in to by the insurer.
Divestment to help both LIC, government: Jayant Sinha
There are three benefits from the disinvestment of the LIC – it will be strengthened with the listing with share market, which requires reporting every month. It will also bring in accountability, transparency and efficiency,” the MP from Hazaribag said.To a query on the fate of policy-holders, he said all of them will get every benefit assured in their policies as there is no connection between the disinvestment initiative and policies.
Allianz sets up an emergency response fund to support China’s fight against the coronavirus epidemic
The initial pledge towards this fund is RMB 4 million (EUR 520,000), coming in part from Allianz SE’s Disaster Recovery Fund and in part from Allianz’s operating entities in China and the region
Govt mulls to amend PFRDA Act; to separate it from NPS Trust: FM Sitharaman
“Necessary amendments would be carried out in the Pension Fund Regulatory and Development Authority Act. It will also facilitate separation of NPS Trust for government employees from PFRDA,” Sitharaman said while presenting the Union Budget 2020-21 in Parliament on Saturday.