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Offshore wind industry: Economic pressures and tech innovation need to be managed
Around 380GW of offshore capacity is expected to be added across 32...
US Federal Agencies seek to streamline ‘Hodgepodge’ of Cyber Reporting Rules
The law passed last year will eventually require companies to...
Indians are addicted to cheap coal power and it’s killing them
With a population forecast to overtake China’s as the world’s largest within just five years, India has a pressing need to alleviate poverty and build infrastructure. That means tackling a complex challenge like air pollution often falls by the wayside. Causes include coal-powered plants, but also unregulated construction sites, agricultural burning, millions of vehicles and an arid landscape, yet debate of the impact remains muted.
Govt notifies thresholds for filing class action lawsuits
An application for class action can be filed by a member or members representing five per cent of the total members of a company. It can also be done by 100 members of a company, whichever is less, according to the ministry.The same criteria will also be applicable for depositors of deposit-taking companies.In case of an unlisted company, a member or members holding at least five per cent of the issued share capital can file for class action. For listed companies, this threshold would be two per cent.
India to witness an addition of 11.5 lakh jobs H1 FY’20: Teamlease Employment Report
‘Net New Job Creation’, is also a pivotal parameter in the TeamLease ‘Employment Outlook Report’. Findings of the report have indicated an overall creation of 11,44, 286 jobs. Majority of these roles will be across Mumbai[1,67,585], Delhi[1,59, 051] and Bangalore[1,50,120], with sectors like Retail[1,66,000], Logistics [1,49,000] and Educational Services [1,17,000] creating maximum opportunities. 17% of these new jobs created will be focused towards hiring fresh graduates.
PSU gen insurers lose motor business to pvt players, health segment market share grows 5 % in 2018-19
Remarkably, the segment that has seen quite a faster growth in terms of premium and market share in 2018-19 is- health insurance, which at Rs 45,489 crore, has grown by 21 per cent and has now a market share of 27 per cent(22 per cent).
Brexit boom lifts Luxembourg insurance sector
Premiums in the non-life sector, including domestic business, jumped by 218 percent year on year thanks largely to the licensing of firms establishing bases in Luxembourg after the United Kingdom’s decision to leave the European Union, Luxembourg’s CAA said.
Forgers are forcing $9-trillion global trade financing into digital age
As much as 80 percent of global flows of merchandise — worth about $9 trillion — is financed by some form of credit, guarantee or insurance, according to a global survey by the International Chamber of Commerce. Trade finance revenues were $39 billion in 2017.
Cyclone Fani: PM grants Rs 1,000 cr more for relief work; hails CM Patnaik
“I would like to praise the people of Odisha. Shifting 12 lakh people is not easy. Lives have been saved, that’s more important for me. The central government will also give Rs 2 lakhs to the kin of those who have lost their lives due to Cyclone Fani. Also, Rs 50,000 will be given to those who have got injured,” Modi said.
ITRs fell in 2018-19 due to inclusion of past AY’s return filings: I-T dept
While the tax department’s e-filing website showed returns filed in 2018-19 fell to 6.68 crore from 6.74 crore in the previous fiscal, the Central Board of Direct Taxes (CBDT) in a statement clarified that the returns filed included those of previous assessment years, excluding which returns filed in 2018-19 showed an almost 19 per cent rise.
India’s e-car plan has just one potentially flaw
India is home to over 2 million electric two-wheelers and rickshaws — more than the number of electric cars in China. Sales of such smaller electric vehicles continue to rise. But in the absence of charging infrastructure, many of their drivers have been illegally siphoning power. Only 10 per cent of the latest subsidy program is allocated for charging stations.
Mastercard commits Rs 7,000 crore investment in India in next 5 years
There were as many as 990.6 million cards (46 million credit cards and 945 million debit cards) at the end of February 2019, according to RBI data.