Investors in Asia are now considering putting a portion of...
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Rise of autonomous vehicles to impact $400 billion US auto-insurance industry, says Goldman Sachs
“Autonomy has the potential to significantly reduce accident...
Hindu Kush Himalayas at greater risk Of landslides, floods this monsoon: Report
While the monsoon is crucial for refilling these rivers, the danger...
Climate risk-related downgrade may affect 20% of global corporates by 2035
London: Almost 20% of global corporates could face rating downgrades by 2035 due to climate vulnerabilities if such risks are not mitigated, Fitch Ratings says. ``This represents the proportion of corporates that we estimate to have Climate Vulnerability Scores...
Chile partners with WB insurance program, gets $630 million worth of earthquake damage protection
“This insurance will allow Chile to receive pre-established compensation payments for up to the maximum coverage, in the event of certain high intensity parameterized seismic events that cause material damage to the country and public finances,” the ministry said. “If...
UBS to buy Credit Suisse for nearly USD 3.25B to calm turmoil in global financial markets
Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail Authorities sought an agreement before markets opened again in Asia Geneva:Banking giant UBS is buying...
Digital banking may be booming but cyber frauds get smarter, reveals RTI
Additionally, based on offsite returns data provided by supervised entities, there were a staggering 2,99,765 cyber frauds involving Debit Cards/Credit Cards, with an amount of Rs 322.92 crore lost (2020-2021); the instances came down to 2,21,705 but a higher amount...
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos including Digit
''After the IPO fiasco following the listing of new age digital companies like PB Fintech , (the company behind the digital brand Policybazaar),Paytm, Zomato and Nykaa in which investors lost heavily, Sebi has tightened the approval norms for IPOs. This is welcome and...
Indian Gig Economy: Ensuring a better work environment for millions of workers
India is likely to see its gig workforce add 9-11 million jobs by 2025, which has been one of the most pivotal economic shifts in a long time When it comes to fair work for gig workers among the digital platform economy in India, Zomato, Swiggy, and quick-grocery...
Strong earthquake of 6.8 magnitude kills at least 13 in Ecuador, 1 in Peru
The U.S. Geological Survey reported an earthquake with a magnitude of about 6.8 that was centred just off the Pacific Coast, about 50 miles (80 kilometres) south of Guayaquil, Ecuador's second-largest city. One of the victims died in Peru, while 13 others died in...
OECD to consider tweaking global tax rules to cover “workcations” and cross-border remote employment
National tax authorities and the Organization for Economic Cooperation & Development are grappling with those questions as the remote-working revolution blurs the lines between work, residency and time off The result could be tighter and clearer rules on how long...
Small oil tankers emerge to help Russia beat sanctions
The cost to use fuel tankers has skyrocketed since the EU ban, as ships enter the dark fleet and become unavailable — and uninsured by European maritime service providers — for regular trade routes, such as moving gasoline from Europe to New York. First, a small...
DDMA discusses preparedness for earthquake, prevailing H3N2 Flu situation
The Delhi Lt. Governor asked for retrofitting of all schools, hospitals, police stations, other critical government offices and vulnerable buildings especially in the 'Special Area' and old Delhi localities, according to the Earthquake Resilient Building Code. New...