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U’khand tunnel collapse: Ecological concerns need to be addressed for development in Himalayas, say experts
Earlier this year, a case of land subsidence was also reported in...
Bank of England to deepen system-wide stress test for banks, insurers and pension schemes in 2024
The Bank wants to see how market players cope when there are huge...
Cyber top peril for Asia-Pacific companies for the first time:Allianz Risk Barometer 2020
“For the first time, Cyber overtakes Business Interruption as the top risk for businesses in Asia Pacific. While 2019 saw no major global cyber-incidents in the vein of past events like WannaCry and NotPetya, businesses are increasingly cognizant of the costs associated with being a victim of a cyber-attack, with IBM estimating the average cost of a data breach being slightly under US$4m,” says Mark Mitchell, Regional CEO, Asia Pacific of AGCS.
FY20 to see 1.6 mn fewer jobs being created as Indian economy slows: SBI report
As a result of unequal growth, people from agriculturally and industrially less-developed states migrate to more developed states in search of job opportunities – for example from Uttar Pradesh, Bihar, the southern part of Madhya Pradesh, Odisha, and Rajasthan to states like Punjab, Gujarat, and Maharashtra.
Rumbling volcano shuts down Philippine capital
“The speed of escalation of Taal’s volcanic activity caught us by surprise,” Maria Antonia Bornas, chief science research specialist at the Philippine Institute of Volcanology and Seismology, told reporters.
Swiss Re launches first parametric earthquake Cat bond to hedge mortgage risks
This transaction is the first catastrophe bond issued under Rule 144A with a parametric trigger that is designed to cover mortgage default risk caused by earthquakes in California, Oregon, Washington and South Carolina. Swiss Re Capital Markets acted as the sole structuring agent and joint-bookrunner.
FPIs pull out ₹2,415 crore from domestic markets in January so far
Overseas investors have turned net sellers in January after remaining buyers for four consecutive months since September 2019.
“Cautiousness among foreign investors was apparent as they closely watched the developments on the global front before investing in the Indian equity markets. Geopolitical turmoil triggered by increased tension between US and Iran played a key role in the way equity markets behaved globally,” said Himanshu Srivastava, senior analyst manager research at Morningstar Investment Adviser India.
DPIIT to discuss data issues in draft e-comm policy with firms on Jan 14
Further, sources said that issues which needs to be looked upon include whether India should allow free flow of data across the border or inhibit or regulate it in some manner; and whether data localisation is required or not.
Earth is hotter than at any time since start of Industrial Revolution: Report
The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost two centuries ago. That’s the conclusion of Europe’s Copernicus Climate Change Service, which published data on Wednesday showing...
Cat bond issuance breaches historic $100bn milestone: Aon Securities data
Over the past decade, ILS has provided a robust non-correlating asset class for investors, producing an average annual return of 6.38 percent, and 7.48 percent for 2019. Sector investor numbers have grown significantly, with orderbooks in 2019 inclusive of 23 percent more investors, on average, than orderbooks in 2015, allowing average allocations to decrease from USD13m to USD9m, putting less pressure on any given market.
Auto sector records worst-ever sales decline in two decades in 2019: SIAM
Similarly, total passenger vehicle sales during 2019 declined by 12.75 per cent to 29,62,052 units as compared with 33,94,790 units a year ago. This is the worst performance in the segment since 2013 when sales witnessed a dip of 7.49 per cent.
Banks should sell life insurance products more aggressively:LIC chief
According to K Ganesh, member, Life, the major challenge in the industry is to convince people to take life insurance. According to him, schemes like Jan-dhanYojana, PMJJY, PMSBY and Jan Arogya scheme have been instrumental in increasing customer protection.