The rate of unemployment in the country has come down to 3.7 per...
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Sebi turns up heat on unregistered influencers giving tips on social media
Sebi has repeatedly warned investors about the dangers of acting on...
Electric cars to increase by almost 10 times by 2030: International Energy Agency
"The transition to clean energy is happening worldwide and it's...
Govt launches independent directors’ databank
“It provides for a wide array of e-learning courses on various topics including the Companies Act, securities laws, basic accountancy, board practices, board ethics and board effectiveness. A number of value added services are expected to be rolled out through the portal for capacity building of independent directors,” an official release said
Berkshire Hathaway launched Commercial Crime Insurance in Asia
“Corporate fraud is becoming increasingly sophisticated as technology advances at an exponential pace across the globe. Companies now face new threats and are tasked with protecting both traditional and digital assets,” said Scotland Walsh-Riddle, head of Executive & Professional Lines, BHSI Asia. “Our policy is important protection for a company’s balance sheet by both insuring against losses arising from a wide range of threats and providing support to investigate the cause of a loss.”
France to require insurers, banks to run Climate Change stress tests in 2020
French bank Societe Generale and French insurer AXA said this week they would exit the coal sector by 2030 in OECD countries and by 2040 for the rest the world.
European investors urge Big-Four auditors to take action on Climate Risks
“We would expect management to report on environmental and societal issues to the extent necessary for primary users of financial statements to form their own assessment of the company’s longer-term prospects and management’s stewardship of the business,” IASB board member Nick Anderson said.
Younger millennials and Gen Z fuelling Indian credit card business
Business is booming at the country’s second-largest card issuer. After Carlyle arrived in 2017 to replace GE Capital in the two-decade-old venture, earnings were 7.4 rupees a share in the year through March 2018. The most recent six-monthly profit topped that figure. Younger millennials and Generation Z — those born after 2000 — are driving this growth. In India’s fiscal year ended in March 2016, barely 2 per cent of credit card transactions were originated by people below 25 years of age. That number has jumped to 10 per cent. Add the 26-30 age group, and the youth share of plastic is 35 per cent, beating people over 40 by as much as eight percentage points.
Minimal Exposure to Air Pollution Also Leads to Hospitalisation: Study
The study also confirms several previously established causes of hospital admission associated with short-term exposure to PM2.5, including heart and lung diseases, diabetes, Parkinson’s disease, and diabetes
LIC earns Rs14,000 cr of profit from equity investment till Nov15, improves market share
“Not only we have earned a profit of above Rs 14,000 crore from our equity investment , we have done a handsome business in terms of premium and policies during this fiscal up to November 15, 2019,” said TC Suseel Kumar, Managing Director, LIC adding that there is no slow down in the life insurance business..
Phenomenal reform momentum in first six months of Modi 2.0 govt: PM
For farmers, Modi stated that his government extended the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) to all farmers. “It was manifesto promise of the BJP that PM Kisan would be extended to all farmers of India,” he said on social media platform.
Life insurers get more time for launching new products
The new guidelines applicable for traditional and ULIP products will change the surrender values and the sum assured of the policies.It will also ensure higher withdrawals in pension plans,freedom to take risks, invest in equities, flexibility to reduce premium, greater choice when buying annuities and lower life cover in Ulips
Extreme weather in Greece brought $1.1 Billion in crop damages since 2011
Kyriakos Tsitouridis, the head of the Meteorological Research Center of the Greek Agricultural Insurance Organization (ELGA), said farmers will have to switch to “crops that can survive in extreme weather conditions.”