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Private credit ratings face fresh scrutiny from global watchdogs
The Financial Stability Board, which monitors global risks, has...
Swiss court admits Indonesian islanders climate case against Holcim
Holcim said it intends to appeal the decision and that the question...
Allianz weighs options for AllianzGI unit, sources say
Amundi and Germany’s DWS would be logical candidates for any deal Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that...
US strikes $100M settlement with owner, operator of ship Dali for Baltimore bridge mishap
Settlement will cover federal costs incurred to restore access to the port of Baltimore The US Justice Department announced on Thursday that Grace Ocean Private Limited and Synergy Marine Private Limited, the Singaporean corporations that owned and operated the Motor...
Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal
The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...
Cyclone Dana: Crops on 1.75L acre in Odisha damaged, another 2.80L acre submerged, says Govt
Chief Minister Mohan Charan Majhi during a review meeting on Friday night said the final estimate of the loss in the agriculture sector would be known from the detailed report, on the basis of which the government would decide on compensation for farmers Bhubaneswar:...
Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC
The top court was hearing an appeal filed by kin of a man who died in a road accident in 2015.When it came to determining the age, the top court accepted the contention of the claimant-appellants before it and upheld the judgment of the Motor Accident Claims Tribunal...
Nothing stops pvt sector from coming and doing business In India: Nirmala Sitharaman
Nirmala Sitharaman,Union Finance Minister When asked about prospects for private sector engagement, particularly in banking and insurance, Sitharaman responded, "Nothing stops them from coming and doing business. There are actually many private banks already in India,...
Hack at UnitedHealth’s tech unit impacted 100 mln people, US health dept says
UnitedHealth has previously said that hackers potentially stole a third of Americans' data in one of the worst hacks to hit the U.S. healthcare sector. The company began notifying affected patients in June The February hack at UnitedHealth's tech unit Change affected...
Income disparity in India has declined 74.2% since FY14, reveals SBI study
"Our analysis shows that there has been a cumulative 74.2% decline in income disparity coverage for those earning up to Rs 5 lakh. This shows the continuous efforts of Govt are reaching the bottom of pyramid that is leading to increase in income of 'lower income...
Ireland fines LinkedIn 310 mn euros over EU data breach
The Data Protection Commission (DPC) issued the Microsoft-owned website its first EU fine saying "the consent obtained by LinkedIn was not given freely" An Irish regulator helping to police European Union data privacy said Thursday it had fined professional networking...
Global commercial insurance rates show first quarterly fall in seven years, Marsh says
Marsh said the fall in the composite rate - the first since the third quarter of 2017 - was largely driven by increased competition among insurers in the global property market.On average, composite rates decreased in the Pacific by 6%, in the UK by 5%, in Asia by 4%,...