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Govt may consider OFS option for raising public float in IDBI Bank
Earlier this month, the proposed sale of a 60.72 per cent majority...
Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull &...
Cat bonds see rapid influx of investors
Plenum estimates that the volume of catastrophe bonds in funds marketed under Europe’s UCITs label has risen roughly 49% since the end of 2022 to $13 billion at the end of September. That’s as overall issuance for 2024 looks set to hit a record $16.5 billion,...
Industry should realign itself keeping political strategic policies in mind Nirmala Sitharaman
"Supply chains will have to be restored but you would have to reset it, realign it, you will have to make sure that it is spread so much that no geopolitical or strategic risks will threaten our wellbeing,” Finance Minister Nirmala Sitharaman New Delhi: Finance...
Insurers’ climate losses almost match premiums from fossil fuels
On average, fossil-fuel premiums account for less than 2% of total premiums, raising questions about why insurers aren’t using their immense influence to protect the other 98% of their business from spiraling climate risks Top insurance companies suffered $10.6...
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
GM on Tuesday said it would get out of robotaxis “given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market” Detroit: General Motors has said it will retreat from the robotaxi business...
Sebi bans finfluencer, firm from securities market, orders Rs 9.5 cr disgorgement for unlawful advisory biz
In its final order, Sebi noted that Ravindra Bharti Education Institute used unregistered investment advice, trade recommendations, and execution to lure inexperienced investors into the securities market through its premises and employees.Clients were not fully...
PM urges more senior citizens to take advantage of Ayushman Vaya Vandana Card
Prime Minister Narendra Modi Treatments worth more than Rs 40 crore have been availed since the launch of the Ayushman Vay Vandana card, benefitting over 22,000 senior citizens aged 70 years and above under the Ayushman Bharat health insurance scheme in less than two...
Nippon Life in talks to buy Resolution Life in deal worth $8.2 billion
Cross-border M&A involving Japanese companies has surged this year, driven by amended guidelines designed to encourage takeovers of Japanese firms.Japanese firms also are continuing to look abroad for growth as their domestic market shrinks Nippon Life Insurance...
India achieves total fertility rate of 2.0: Centre
Anupriya Patel,Union Minister of State for Health and Family Welfare Union Minister of State for Health and Family Welfare Anupriya Patel said this is aligned with the National Population Policy 2000 and the National Health Policy 2017 (TFR of 2.1) New Delhi: India...
Revenue Secretary Sanjay Malhotra appointed as new RBI governor, to succeed Shaktikanta Das
, Sanjay Malhotra, Governor-designate, Reserve Bank of India The Appointments Committee of the Cabinet cleared Malhotra's name, who has been appointed as the RBI Governor for three years, starting Wednesday New Delhi: The government on Monday appointed Revenue...
Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand FADA
"although rural interest was present, it failed to significantly improve sentiment. Inventory levels have reduced by about 10 days, but to remain high at around 65-68 days"FADA President, C S Vigneshwar New Delhi: Retail sales of vehicles across categories in India...