''With the ongoing geo-political tensions, fear of continued hike...
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Urban land pattern may hold key to reduce exposure to weather extremes study finds
The researchers said that the findings encourage researchers and...
FPIs selling spree continues; pull out Rs 5,800 cr from equities in Nov
The FPI selling trend which started in September continued in...
Govt may cut back on spending by Rs 2-trn as it faces revenue shortfall
Now, even the Reserve Bank of India seems to have become more worried about inflation rising. It kept its key lending rate on hold on December 5, even though it slashed its growth forecast for the current fiscal to 5%, which would be the lowest in a decade.
New safety flaws found in Boeing 737 Max
The emergence of new troubles threatens to extend a crisis that is disrupting the global aviation business. The Max has been grounded since March, after the two crashes killed 346.
Sensex crashes 788 pts, Gold jumps to near 7-year high on escalating Middle East tensions
Markets worldwide came under pressure from a major escalation in tensions in the Middle, said Ashish Nanda, executive vice president at Kotak Securities in Mumbai. “Equity markets never like uncertainties and it would result in weakness in the short term.”
Australian bushfire insurance losses at $431 mn from 6000 insurance claims
Insurers have booked hundreds of hotel and motel rooms and are providing emergency accommodation and financial assistance to many customers. And assessors have been mobilised from all over Australia and New Zealand to help examine properties in fire-affected regions as soon as it’s safe to enter them.
Pool Re makes terrorism cover more accessible to U.K. businesses
“Pool Re recognizes that different buyers have different profiles, and we need to continuously adapt to their needs,” said Steve Coates, Pool Re CUO. “Widening the definition of SME – who receive business interruption cover at no cost when they buy a physical damage policy – means that we can offer more affordable terrorism cover and as a result, better accessibility to a wider range of companies.”
Experiments to study operation of commercial BVLOS drones to take place in Jan: Aviation Minister
The minister also said the Centre will start registering drones – BVLOS and others – within a few weeks time.Potential use of drone technology for commercial purposes is very high, Puri said, adding that the Centre “is moving ahead on the BVLOS front”.
$5-trillion economy achievable but time frame uncertain: SBI Chairman
“India today is a $2.5 trillion economy, and we have set a target of becoming $5 trillion by 2025. In this target, 50 per cent will be international trade, of which exports will be a major component,” Prabhu — who is Prime Minister Narendra Modi’s sherpa for the G20 summit
FPIs begin 2020 with profit booking, withdraw Rs 2,418 cr in 1st 3 sessions
Umesh Mehta, head of research at Samco Securities said that “given the massive rally of previous year, FPIs have started booking profits in 2020. It is likely that they are building up their war-chest to enable buying in huge quantities just before the Budget in February.”
Govt plans quarterly, half-yearly financial statement norms for unlisted companies
There are more than 11 lakh unlisted companies that are active in the country and the proposal also assumes significance against the backdrop of instances of financial woes at some large unlisted entities.
Many PSBs may exit insurance JVs in 2020 to raise funds
According to Finance Ministry estimates last year, PSBs will require Rs 1.8 lakh crore additional capital in the next four financial years. Of this, they will have to raise Rs 1.1 lakh crore from the market or via the sale of non-core assets. The ministry of finance earlier indicated that weaker banks will have to sell assets, reduce overheads, shut loss-making domestic and foreign branches and temporarily stop employee benefits, if necessary, in order to independently raise capital to meet the shortage.