The sharp fall in domestic equities comes as crude oil prices...
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Over 28 crore Jan Dhan accounts held by women: Sitharaman
Finance Minister Nirmala Sitharaman “When women gain financial...
Reinsurers scrap war-risk cover after US torpedoes Iranian ship
Indian insurers and reinsurers have canceled hull coverages in...
India crash a wake-up call for aviation industry, alerts Airbus
“Safety is in everything that we do, so the tragedy in India, we don’t see that in any way, shape or form as a competitive input,” Christian Scherer, who oversees Airbus’s commercial aircraft operation, said at a press meeting in Paris. “It is, if anything, a reminder...
FM to meet heads of public sector banks on June 27 for annual review
Comprehensive review of various segments and progress in government schemes including the Kisan Credit Card, PM Mudra and three social security (Jan Suraksha) schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and...
Over 1 100 787s Dreamliners criss-crossing skies a flight path of connectivity, now a crash
A few years back, the US watchdog Federal Aviation Administration (FAA) had stopped deliveries of the Dreamliners due to certain issues but the plane was never involved in any fatal crash till Thursday New Delhi: The Boeing 787-8 Dreamliner, known for its advanced...
Extreme heat kills half a million people globally each year, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist "Extreme heat used to be considered the 'invisible peril' because the impacts are not as obvious as of other natural perils," says Jérôme Haegeli, Swiss Re's Group Chief Economist. "With a clear trend to longer, hotter...
No MDR will be charged on UPI transactions: FinMin
"Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading. Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains fully...
With India push, global commercial aircraft fleet size to double to almost 50,000 planes over the next 20 years
The global in-service fleet will swell by 24,480 units to 49,210 aircraft in 2044, Airbus predicted in its latest global market forecast that includes both its own planes and those of rivals like Boeing Co. Most of the growth will come from single-aisle aircraft like...
Insurers have to compensate for Russian seized aircrafts, rules UK Judge
The ruling relates to 147 planes and 16 engines that had insurance claims worth $4.5 billion attached. While it’s a victory for the lessors, the judge clarified what kind of insurance policies covered the losses, meaning not everything would be covered. Insurance...
EU proposes ban on Nord Stream gas pipeline, reduction of oil price cap
EU firms are involved in an array of service provision for Russia that’s legal under the cap at current prices but wouldn’t be at $45. That includes use of the large Greek oil-tanker fleet, as well as insurance and reinsurance that’s provided by different firms across...
Investors find opportunities in Asian high-net-worth clients and retail investors, says Apollo Global Management
Investors in Asia are now considering putting a portion of investment intended for the US into places like India and Australia, due to uncertainties brought on by tariff policies Apollo Global Management Inc. said high-net-worth clients and access to retail investors...
Rise of autonomous vehicles to impact $400 billion US auto-insurance industry, says Goldman Sachs
“Autonomy has the potential to significantly reduce accident frequency longer-term and reshape the underlying claim cost distribution and legal liability for accidents,” Goldman Sachs analysts including Mark Delaney wrote in a June 9 note to clients The rise of...