PwC “turned a blind eye” to Evergrande’s fraud, the Chinese...
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Goldman Sachs settles shareholder lawsuit over Malaysian 1MDB scandal
Goldman agreed in 2020 to pay $2.9 billion in penalties and have a...
Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk
It would be the first time a product in the market for...
Grievance redressal must go beyond disposal to ensure citizen’s satisfaction, Jitendra Singh
Jitendra Singh,Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Personnel, Public Grievances and Pensions “If a complaint is coming from different parts of the country, it is time to question the...
China’s blistering heat leaves workers exposed as gig economy booms
Almost half of China’s platform workers don’t have any social insurance coverage, and fewer than a third of the total working population have insurance for work-related injuries, research shows. On a scorching morning in Beijing, Hao and a dozen other food delivery...
China economy to top $19.5 trillion this year, says state planner
Zheng Shanjie, chair of the National Development and Reform Commission highlighted progress made under the 2021–2025 five-year plan, which focuses on key priorities such as economic development, technological innovation, green transformation, and improvements in...
Credit fund’s collapse leads to $1 billion lawsuit against EY
In a claim filed with Ontario’s Superior Court last month, PricewaterhouseCoopers alleged that EY issued unqualified opinions on Bridging’s books from 2014 to 2020 despite red flags, including inflated asset values and hidden defaults. Bridging Finance Inc.’s receiver...
Seventeen river gauge stations across India currently above warning level CWC
According to the latest flood bulletin issued on Wednesday, there are no stations currently in an “extreme flood situation”, where the previous highest flood level (HFL) is equalled or exceeded New Delhi: Seventeen river gauge stations across India are currently above...
SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
The overall net assets under management (AUM) of the mutual fund industry rose to an all-time high of Rs 74.41 lakh crore as against Rs 72.20 lakh crore in May and Rs 69.99 lakh crore in April, according to the AMFI data. New Delhi: Mutual fund systemic investment...
Trump’s Tariff Shock: Global economic & insurance premium growth to slow down, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist, said: "While insurers' profitability outlook is still benefiting from rising investment income, we expect tariffs to slow global GDP growth, and consequently weigh on insurance demand. In the long term, US tariff...
Renewable & Clean Energy Technologies: Set to grow exponentially to meet rising global demand
Countries such as China, India, Japan, South Korea and in ASEAN are accelerating the deployment of solar, wind, hydro and emerging technologies, including hybrid installations that integrate batter energy storage systems (BESS) and floating solar photovoltaics (FPV)...
Trade unions go on daylong strike, services largely unaffected
The unions' demands include doing away with the four labour codes, contractualisation, privatisation of PSUs, increasing minimum wages to Rs 26,000 per month, as well as the demands of farmer organisations for minimum support price for crops based on Swaminathan...
Maharashtra to come up with separate law for gig workers
Maharashtra Labour Minister Akash Fundkar on Tuesday said 'gig workers' or those who work for online 'platforms' or companies such as Zomato need social security, and the state government will come up with a law for them. Speaking in the legislative council, Fundkar...