Nirmala Sitharaman,Union Finance Minister There will be a lot of...
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Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
Competition lawyer Maria Luisa Stasi is bringing the case on behalf...
World facing “biggest energy security threat in history”: IEA chief Fatih Birol
Fatih Birol ,executive director,International Energy Agency The...
Need to establish weather station at wind solar plants of 50 MW CEA
"Accurate measurement of critical meteorological parameters would optimise renewable energy generation. Also, it would improve overall generation predictability, efficiency, enhance grid reliability and ensure regulatory compliance," the goverment notification said...
Govt eases emission rules for coal power plants, reversing decade-old mandate
The government said the decision was taken after the Central Pollution Control Board carried out a detailed analysis of the increase in "carbon dioxide emission into the atmosphere due to operation of control measures being deployed." NEW DELHI: India has reversed a...
Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian insurance industry is more a strategic and forward-looking shift focussing not just on stability but also on expansion, and attracting long-term investment. It can better align India with global standards...
10 hydropower projects damaged in Nepal floods, no significant effect on power export
In a statement, Independent Power Producers Association Nepal (IPPAN) said that seven hydropower projects currently generating 251 MW hydropower have been completely shut down due to the floods. Kathmandu: At least 10 hydropower projects have been damaged by floods in...
20 river sites under flood risk 3 locations in Assam and Bihar face severe inundation CWC
Overall, the CWC has flagged flood concerns in 20 locations, primarily in Assam, Bihar, Odisha, Uttar Pradesh, and West Bengal. New Delhi: Twenty river sites across India remain under flood risk, with one location in Assam and two in Bihar experiencing severe flood...
European Commission to propose floating Russian oil price cap
The Commission proposed lowering the Group of Seven (G7) nations’ price cap from $60 a barrel to $45 barrel in June in its 18th package of sanctions against Russia for its invasion of Ukraine. The G7 price cap, aimed at curbing Russia’s ability to finance the war in...
Insurance cost surge for commercial ships sailing past Yemen’s Houthi militants
Shipowners now have to pay about 1% of a ship’s value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the world’s largest insurance broker. That’s up from 0.2% to 0.3% in recent months, a period...
Asia Index launches BSE Insurance Index
The BSE Insurance Index is derived from the constituents of BSE 1000 Index that are classified under the insurance industry.This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of various sectors in...
Extreme Weather: Euro Zone could lose 5% of GDP, says ECB
“Climate-related risks are an immediate concern for financial stability and economic growth,” Stracca and Bundesbank board member Sabine Mauderer said in a blog published by the ECB Extreme weather events such as heatwaves, flooding and wildfires could wipe as much...
Govt to sell minority stake in LIC
The quantum of stake sale, price and timing would be decided in due course, the source added. The government needs to offload another 6.5 per cent stake in the public sector life insurer to meet the mandated 10 per cent public shareholding requirement by May 16, 2027....