Nirmala Sitharaman,Finance Minister Within days of the decision,...
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Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The...
Insurtech firm Turtlemint seeks IPO approval submits confidential papers to Sebi
Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai,...
CCI clears Hinduja group owned entities’ acquisition of controlling stake in Reliance Capital
Reliance Capital's subsidiaries and associates are engaged in various businesses in the financial service sector including insurance New Delhi: The Competition Commission of India (CCI) has approved acquisition of controlling stake in Reliance Capital Ltd by Hinduja...
Indian general insurers see record underwriting losses of Rs31,810 crore in Fy 2022-23, PSU general insurers shut 1,148 offices
The public sector insurers' underwriting losses, with OIC's largest losses of Rs 7,500 crore, constituted 77 per cent of non-life industry losses amounting to Rs 25,317 crore and remaining by private sector insurers amounting to Rs 8,699 crore, said Irda's annual...
Arsenic and fluoride in groundwater: NGT issues notices to 24 states, 4 UTs
The report stated that arsenic was detected in groundwater in parts of 230 districts across 25 states while fluoride was found in some pockets of 469 districts in 27 states, the tribunal noted in a recent order New Delhi: The National Green Tribunal has issued notices...
Indian insurance penetration falls marginally to 4% in FY 2022-23: Irdai report
The country’s insurance penetration has fallen as the insurance penetration of domestic life insurance sector is reduced from 3.2 per cent in 2021-22 to 3 per cent in 2022-23 and the same for non-life Insurance sector remained at 1 per cent in both these years, said...
Centre issues advisory to social media intermediaries with focus on curbing deepfakes
"A formal advisory has been issued incorporating the ‘agreed to’ procedures to ensure that users on these platforms do not violate the prohibited content in Rule 3(1)(b)," Minister of State for Electronics and IT, Rajeev Chandradekhar said New Delhi: The government on...
No one wants used EVs, making new ones a tougher sell too
The problems are expected to intensify in 2024, when many of the 1.2 million EVs sold in Europe in 2021 will come off their three-year leasing contracts and enter the second-hand market. How companies tackle this problem will be key for their bottom lines, consumer...
Hapag-Lloyd to decide on Wednesday about Red Sea routes
The world's top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen's Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany's Hapag-Lloyd will decide on...
‘Will find attackers of merchant navy ships even from depths of seas’, says Defence Min Rajnath Singh
"The Indian government has taken the drone attack on MV Chem Pluto and attack on MV Sai Baba in the Red Sea seriously. We will find those who executed the recent attacks on merchant navy ships even from the depths of the seas and take strict action against them,"...
More people are affected by tropical cyclones in Asia than any other region
The study estimates that 6 to 12 per cent of the global population is exposed to tropical cyclones each year, with a large portion of exposure occurring at lower wind velocities The number of people globally impacted by tropical cyclones has nearly doubled from 2002...
Cyber risks biggest threat faced by Indian orgnaisations, says survey
Sivarama Krishnan, Partner and Leader, Risk Consulting, PwC India said that the 2023 Global Risk Survey shows that Indian business leaders are not only demonstrating an increased appetite for taking risks but are also doing a reasonable job of identifying...