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India’s tech state Karnataka bans social media for children under 16
Less than one-quarter of Karnataka's population is under the age of...
US’s DFC announces $20B plan for Maritime Reinsurance in the Gulf
Working alongside CENTCOM, DFC coverage will offer a level of...
Israel-Iran Conflict: War risk insurance premiums for shipments to Israel spurt
Individual underwriters will price risk and rates differently, but this will add tens of thousands of dollars of extra daily costs for every voyage War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between...
Term Insurance: Women’s preferred financial product
Bajaj Allianz Life Women Term Survey highlights a significant shift in financial priorities - with children’s future, education expenses, and health surfacing as top concerns. Term insurance emerged as the preferred financial product for women to secure their child’s...
US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year
Overall, increased climate costs from insurance premiums, power outages, disaster recovery and uninsured damage are responsible for $7.7 trillion, or 36%, of US GDP growth since 2000. Risks are rising both from climate change, as it increases the severity and...
By 2027, 50% of business decisions will be augmented by AI agents for decision intelligence: Report
Gartner's key predictions include a significant increase in business decisions augmented or automated by AI agents, a direct correlation between executive AI literacy and higher financial performance, and potential critical failures in managing synthetic data that...
Central banks favour gold over dollar for reserves, WGC survey
"Gold’s performance during times of crisis, portfolio diversification and inflation hedging are some key themes driving plans to accumulate more gold over the coming year," WGC LONDON: Central banks around the world expect their gold holdings as a proportion of their...
Passenger vehicle wholesales marginally down at 3,44,656 units in May: SIAM
Total vehicle wholesales across categories were up 1.8 per cent at 20,12,969 units as against 19,76,674 units in May last year, it added. Domestic passenger vehicle wholesales were marginally down 0.8 per cent at 3,44,656 units in May this year as compared to 3,47,492...
Action plan should be made to tackle heat waves: Amit Shah
Amit Shah ,Union Home Minister ``For the first time, we have also created a National Disaster Risk Management Fund at the national level with ₹68,000 crore,'' revealed Amit Shah New Delhi: Union Home Minister Amit Shah said over the past two years, workshops of all...
Household savings in India drop to 18.1% of GDP in FY24: CareEdge Ratings
On the other hand, household financial liabilities surged to 6.2 per cent of GDP, nearly doubling over the past decade, reflecting growing reliance on credit amid consumption needs, the report observed. New Delhi: India's household savings continued their downward...
Iran-Israel war could hurt exports; increase insurance costs: Exporters
"The war will further hurt global trade. The situation was gradually improving but now again the trade will be impacted. Our exports to Europe and countries like Russia may get hurt. Freight rates and insurance are expected to increase," Federation of Indian Export...
Ships warned to avoid Red Sea, log Hormuz voyages after Israel hits Iran
“We have reports that more ship owners are now exercising extra caution and are opting to stay away from the Red Sea and the Persian Gulf,” said Jakob Larsen, chief safety & security officer with shipping association BIMCO. Merchant shipping is continuing to pass...