The overall mutual fund industry saw a decline in net inflow to Rs...
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China to pump $45 billion into state banks, insurers in capital-boosting push
Last week, the National Financial Regulatory Administration...
Alternative-fuel car: Sales more than petrol vehicles on cost, E20 concerns, dealers’ body says
Alternative-fuel models, including compressed natural gas, hybrid...
Aon reports $111 billion global catastrophe losses in H1, Insured events above average
Among the period's defining events were the Venezuela earthquake (preliminary $20-30 billion economic loss), Portugal's costliest windstorm on record ($4.4 billion economic loss) and an active SCS season across the U.S. ($34 billion economic loss). Together, these...
Govt advances small reactor plans, targets five nuclear units by 2033
India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector. It aims to expand nuclear capacity to 100 GW by 2047 from about 8.8 GW at present. NEW DELHI: India said on...
PFRDA opens on-tap licensing for pension fund managers in India
"Earlier, registration of Pension Funds was undertaken through applications invited during specified registration windows. Pursuant to the decision of the Authority, the registration process is now being opened on a continuous 'on-tap' basis and shall remain open...
Insurance woes amid US-Iran war stall airlines’ return to Dubai
International carriers’ operations to Dubai are growing but some key European airlines still aren’t making the trip because of government travel advisories for the region, according to Dubai Airports Chief Executive Officer Paul Griffiths. “They are having difficulty...
10 killed in Sikkim tunnel collapse: CM
Sikkim Chief Minister Prem Singh Tamang said the tunnel of NHPC Teesta Stage VI Hydroelectric Project at Samardung in Jholungey caved in due to a landslide.A total of 25 people, including project officials and workers, were trapped inside the ADIT-3 tunnel when it...
Floods, landslides across northern India kill at least 25
GUWAHATI/SRINAGAR: At least 25 people died in floods and landslides caused by torrential rain across northern and northeastern India over the weekend, officials said on Monday, with more rain predicted over the next few days. At least 23 people have died and seven...
Out of total CSR only 8.4% spent on environment in FY-2023-24: Report
“Sectors with high pollution intensity, including oil, gas, coal and petroleum, mining, and energy, allocate only 5-7 per cent of their CSR budgets to environmental initiatives… By contrast, consumer-facing sectors such as FMCG and automotive allocate over 10-15 per...
Houthis escalate pressure, Announce planned maritime blockade of Saudi Arabia
A disruption to supplies through the Red Sea, the route currently used by Saudi Arabia for bulk of its crude exports, would exacerbate the war’s impact on global oil trade. The Houthis, an Iran-backed Yemeni group, said they would impose a maritime blockade on Saudi...
Red Sea war insurance costs rise after Houthi blockade, sources say
Indicative war risk premiums rose to around 0.75% of the value of a ship, from around 0.3% on Friday before the Houthi announcement, according to the sources, who declined to be identified due to the sensitivity of the matter. LONDON: The insurance cost of...
Iran and US widen attacks, raising fears for Gulf shipping and water supplies
Oil prices briefly jumped above $90 a barrel after renewed disruption to shipping through the Strait of Hormuz, but later pared gains after Iran’s Foreign Ministry said mediators had recently presented proposals to Tehran, signaling that diplomatic contacts remain...