Moody's said India's robust economic growth contributed to a 17 per...
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Zurich Insurance offers $10 billion to buy UK insurer Beazley
Switzerland's Zurich said the offer it had gone public with on...
Factory Mutual opens its Mumbai office
Lto R- Srini Krishnamurthy, senior Vice President, FM operations...
FPI outflows ebb amid easing global concerns, optimism over Ukraine war
Last week, FPIs turned net buyers on two occasions, with a significant purchase of Rs 3,181 crore on March 21 and Rs 710 crore on March 19 The Indian equity market has witnessed a moderation in FPIs' selling pressure with the outflows narrowing to Rs 1,794 crore (USD...
Cars set to get costlier from April as automakers announce price hikes
"At the same time, OEMs(Original Equipment Manufacturer) are aware of high price sensitivity in the entry-level segments. Hence, are likely to be cautious in executing these hikes given the segment may see a revival, especially after the recent budget, which left more...
Heathrow airport reopens after blackout shutdown
The financial fallout from the day-long disruption may reach reach between $80 million and $100 million, factoring in costs related to accommodation, food and transportation, as well as broader operational impacts that include rerouting, schedule disruptions and...
AI turbocharging organized crime, EU Police agency warns
“Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating,” said Europol’s Executive Director Catherine De Bolle The European Union’s law enforcement agency cautioned...
Heathrow Airport fire has significant but manageable financial and operational implications
The cost of the impact could total around 20 million pounds ($26 million) a day, said Paul Charles, a travel consultant, with no guarantee that Heathrow will reopen on Saturday given the vulnerability of the airport’s power supply For travel insurers, “this...
MS Amlin binds landmark Ukraine reinsurance facility
Under the scheme, MS Amlin has committed EUR 80 million in reinsurance capacity - rising to EUR 110 million - over five years to support war risk policies underwritten by three Ukrainian insurers: INGO, Colonnade, and UNIQA. The facility is backed by an EBRD...
Regulatory breaches emerge as top risk for Asian Boards, Willis & Clyde & Co survey
While the risk of data loss and cyber-attacks remains among the top three concerns in Asia, health and safety risks have dropped three places from being the top concern in 2024 to fourth on the list this year. A notable exclusion from the top risks is climate change,...
Huge fire closes UK’s Heathrow Airport, global flight schedules disrupted
"To maintain the safety of our passengers and colleagues, Heathrow will be closed until 23h59 on 21 March," Heathrow Airport said in a post on X, adding that passengers were advised not to travel to the airport. According to flight tracking website FlightRadar24, at...
Operating mall without environmental nod extremely serious HC upholds closure order
The petitioner company, Grauer and Weil (India) Limited, considers itself above the law and has shown scant regard for environmental concerns, a division bench of Justices M S Sonak and Jitendra Jain said in its order on Wednesday Mumbai:The Bombay High Court has...
Finland ranks world’s happiest again with US at worst-ever level
Denmark, Iceland, Sweden and the Netherlands rounded out the top five in the rankings, which are based solely on the answers people give when asked to rate the quality of their own lives, according to researchers Finland’s unbroken streak as the world’s happiest...