Brazil's Science Ministry blames the drought on this year's onset...
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Govt wants adoption of Property/Parametric covers to mitigate financial losses due to natural catastrophes
Vivek Joshi, Secretary, Department of Financial Services (DFS), for...
Lloyd’s approves Oka syndicate-in-a-box 1922, to focus on solution to protect against buyer-side carbon credit risks
The volume of carbon credit purchases has quadrupled over the past...
Rising sea level puts Mumbai at risk of being submerged by 2050: Study
India and other Asian countries, including Bangladesh and Indonesia, may see a five to tenfold increase in the population living below the projected high tide line by the end of the century, added the study published in the journal Nature Communications,
IndiGo places firm order for 300 A320neo family aircraft
“We are delighted that IndiGo, one of our early launch customers for the A320neo, continues to build its future with Airbus, making IndiGo the worlds biggest customer for the A320neo family, said Guillaume Faury, chief executive officer, Airbus.
Companies have spent Rs 50,000 crore on CSR in 5 years: Government
Maximum funds have been given to projects for poverty alleviation, safe drinking water, education, health.
EU nations agree Brexit delay until January 31 as PM Johnson seeks election
The latest delay plan envisages that Britain could be out on Dec. 1 or Jan. 1 should parliament ratify the agreement in November or December respectively, according to diplomats who deal with Brexit in Brussels.But in London, there was no consensus on an election which Johnson says is needed to break the deadlock.
Insurers start dropping fire coverage for California residents
“We are seeing an increasing trend across California where people at risk of wildfires are being non-renewed by their insurer,” state Insurance Commissioner Ricardo Lara said in a statement.The California Department of Insurance “has seen cases where homeowners were paying an annual premium of $800-$1,000 but, upon renewal, saw increases to as high as $2,500-$5,000,” a staggering rise of more than 300 percent in most cases.
US equity outflows to cash, bonds biggest since 2008: Goldman Sachs
Just like this year, corporate demand will be the top source of US equity buying in 2020, Goldman projected. While buybacks may drop, net demand is still seen as strong thanks to diminished initial public offerings and a rise in cash-based mergers and acquisitions. Households and foreign investors will also be net buyers, while pension funds keep whittling down their allocation, as they have since 2009, Goldman said.
Hong Kong unrest insurance claims at around $77 mn
Unrest in Hong Kong has led to damages of various mainland China-linked entities, most notably local rail operator MTR and lenders such as Bank of China. The $77 million insurance claim surpassed the $41 million linked with the SAR (severe acute respiratory syndrome) epidemic in 2003, according to the Hong Kong Federation of Insurers.
FPIs infuse over Rs 3,800 crore into capital markets in October so far
“The steps taken by the government to revive domestic economic activity has finally found favour among foreign investors. Also, a reprieve in the US-China trade war would help increase risk-appetite among global investors which could lead to increase foreign flows into emerging markets such as India,” Himanshu Srivastava, senior analyst manager research at Morningstar Investment Adviser India
Muhurat trading: Samvat 2076 off to good start; Sensex gains 192 points
Domestic markets conduct a special Muhurat trading session on Diwali every year to mark the beginning of the traditional Hindu calendar year, called ‘Vikram Samvat’.
Cyclone Kyarr likely to turn ‘extremely severe’ in next 24 hours, warns IMD
According to weather forecasting agency, “Under the influence of the above systems, isolated places over Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura is likely to receive heavy to very heavy rainfall and heavy rainfall over southwest Peninsular India during next 24 hours decreasing thereafter.”