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Hydrogen: Insurance market could hit more than $3 billion by 2030, says Allianz
“Insurers have a key role to play in the development of the...
Musk ordered shutdown of Starlink satellite service as Ukraine retook territory from Russia
Musk’s order was an early glimpse of the power the magnate now...
First time in 4 years, MFIs overtake banks in microlending with 40 pc share
Given the inherent nature of the MFI asset class, these lenders are prone to event-based risks such as political, geographical uncertainties and are susceptible to natural calamities, Care Ratings said After a gap of four years, standalone MFIs overtook banks in...
Climate change fingerprints all over monsoon this year, say experts
''The message is clear: the monsoon is becoming more variable. Increased variability means more extreme weather and dry spells. What we're witnessing now aligns with the studies on the impact of climate change on the Indian monsoon,'' Madhavan Rajeevan, said former...
IRDAI lowers capital of FRBs to Rs 50 cr from Rs100 cr, order of preference streamlined to 4 levels from 6
This comprehensive regulatory overhaul is strategically designed to position India as a prominent global reinsurance hub. The revised Order of Preference for International Financial Services Centre Insurance Offices (IIOs), coupled with simplified regulations and...
India Retirement Index: Urban India sees a significant upward movement
Prashant Tripathy, managing director & CEO, Max Life said, “This edition shows progress in India’s retirement preparedness, which also signals the country’s stronger economic resilience. Today's working population will be tomorrow's large, retired population. And...
Pandemic, inflation push 68 million more in Asia into extreme poverty – ADB
In a new report released on Thursday, the ADB said an estimated 155.2 million people in developing Asia, or 3.9% of the region's population, lived in extreme poverty as of last year, 67.8 million more than would have been the case without the health and cost-of-living...
AstraZeneca facing two London lawsuits over COVID-19
Anish Tailor, whose wife Alpa died in March 2021 after receiving her first dose of the vaccine, filed a product liability claim against AstraZeneca at London’s High Court on Aug. 4, according to court records AstraZeneca is facing a similar lawsuit from Jamie Scott,...
Cryptoassets increase risk in developing economies: BIS study
“Cryptoassets hold out the illusory appeal of being a simple and quick solution for financial challenges” especially in emerging markets, but “have so far not reduced but rather amplified the financial risks in less developed economies,” the BIS report showed...
More than one-third of desks in offices around the globe are unoccupied all week: Report
“It’s time to rethink the humble desk.They dominate space in our offices, they’re expensive and we’re just not using them the way we were pre-pandemic. Companies just need less of them now that people do the majority of their focus work at home. Companies should...
Insurers raise premiums for Black Sea tankers as tensions mount – traders
The war risk premium was increased from around 1% of the cargo’s cost to some 1.20-1.25%, the traders said The increase means every voyage will cost $200,000 per one Suezmax tanker (can carry 120,000-200,000 tonnes) more if Russian oil is delivered to India. The rise...
Nitin Gadkari to launch 100pc ethanol-fueled car on Aug 29
'We have taken a lot of (sustainability) initiatives but we need to take more because pollution is a problem. Ecology and the environment are very important. We need to reduce air and water pollution. We have to improve the quality of water in our rivers. This is a...