Shipowners now have to pay about 1% of a ship’s value if they want...
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Asia Index launches BSE Insurance Index
The BSE Insurance Index is derived from the constituents of BSE...
Extreme Weather: Euro Zone could lose 5% of GDP, says ECB
“Climate-related risks are an immediate concern for financial...
All new tourist vehicles in Goa to be EVs from Jan 2024: CM Sawant
Chief Minister Pramod Sawant said new vehicles purchased by the government from January 2024 will mandatorily be EVs As per a recent study, 40 per cent of the total carbon emission generated in Goa is due to the operation of vehicles, he said. Panaji: All new tourist...
Morgan Stanley moves 200 technologists out of China on data law – Bloomberg News
The U.S. views the new counterespionage law as a potentially harmful to U.S. firms Morgan Stanley is shifting more than 200 technology developers out of China after the country tightened access to cache of data stored onshore, Bloomberg News reported on Tuesday,...
Road accidents top cause for youth’s, kids’ death globally; India loses 1.5 m lives every year: FICCI-EY report
''1st rank in road fatalities is held by India (11 per cent share in the world). Every year India loses 1.5 million lives in road crashes…Every year we lose a number of people the size of the population of Estonia,'' the report titled 'Road Safety in India -...
PFRDA to allow funds to invest in sovereign green bonds: Chairman Deepak Mohanty
Deepak Mohanty,Chairman, Pension Fund Regulatory and Development Authority The government is expected to issue sovereign green bonds in the second half of the current financial year as part of the overall market borrowing programme New Deelhi: Pension Fund Regulatory...
Ukraine cargo insurance policy suspended after Russia quits grain deal -Marsh
"It is currently on pause," said David Roe, head of UK cargo at Marsh, which acted as the facility's broker LONDON: A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit the United...
Cholamandalam MS Insurance appointed as lead insurer for West Bengal
Chennai based Cholamandalam MS Insurance has been appointed lead insurer for West Bengal by the IRDAI. In this role, the general insurer will focus on various aspects of health protection, coverage against natural calamities, increasing employment opportunities for...
Above-average global natural catastrophe insured losses reach estimated $52 billion in H1 2023: Gallagher Re
For all perils, the US accounted for 76% of all global insured losses. Thunderstorms in Europe during June also brought a billion-dollar insurance bill to parts of Germany and France “Governments and private organizations are accelerating their investments to help...
Equity benchmark indices hit fresh peaks; Sensex breaches 67,000-mark in intra-day trade
"The bulls continued to lift the market to new heights, but volatility emerged in the second half due to concerns over valuation. Rapid fall in the dollar index and a slide in the US 10-year yield are supporting liquidity in emerging markets. While disappointing...
WMO warns of risk of heart attacks, deaths as heatwave intensifies
The WMO has said the extreme weather looks likely to become the “new normal,” underlining the increasing urgency of cutting fossil fuel emissions. The call for action on global warming comes as some European Union nations push back against the pace of the energy...
Moscow halts grain deal in what UN says is a blow to people in need everywhere
Any resumption of shipments without Russia's blessing would probably depend on insurers. Industry sources told Reuters they were studying whether to freeze their coverage "The (key) question is whether Russia mines the area which would effectively cease any form of...