As specifically mentioned in the orders of the apex court, "grant...
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Japan’s 3 major casualty insurers plan to sell $9.5 billion of cross-held shares
Eliminating cross shareholdings is seen by many as a yardstick for...
Cyberattack costs Marks & Spencer $403 million in operating profit
The British retailer will try to mitigate the impact with cost...
Cybersecurity could emerge as the biggest challenge in 2023
Cyber criminals are taking advantage of new and advanced methods to cause considerable damage to organisations' reputation, which could potentially cause huge financial losses. For businesses, taking the right preventive steps and investing in security measures is...
Japan asks its insurers to retain marine war cover for LNG shippers in Russian waters
The move comes after Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance on Friday told shipowners that they would stop offering marine war insurance, which covers damage to ships from war in Russian waters, from Jan Industry...
India to rise to 3rd spot on the World Economic League Table by 2037 from 5th in 2022: Report
Cebr said in its annual World Economic League Table 2023 that over the next five years, the annual rate of GDP growth is expected to average 6.4 per cent, after which growth is expected to average 6.5 per cent in the subsequent nine years The Centre for Economics and...
India emerges as leading investment destination
Among the sectors, the billionaires favour energy, possibly due to today’s supply constraints and the accelerating secular transition to renewables ”This year’s report highlights how many of the wealthiest in society see it as their responsibility to lead the way,...
China’s COVID-19 surge raises odds of new coronavirus mutant
“China has a population that is very large and there’s limited immunity. And that seems to be the setting in which we may see an explosion of a new variant," said Dr. Stuart Campbell Ray, an infectious disease expert at Johns Hopkins University. Could the COVID-19...
IMF projects 6.8 % growth in current fiscal for India, says country navigating ‘very difficult’ external environment
"We are seeing the global economy slowing down next year. But there are downside risks to the speed of the slowdown, and it could be much sharper than what we expected in the report. This will affect India through trade and financial channels," Choueiri Nada, the...
FPIs invest Rs 11,557 cr in equities in Dec; COVID updates to drive flows in near term
'Concerns about COVID spread in China is a sentiment negative and the strong economic data from the US indicate continuation of the hawkish stance of the Fed which is pushing bond yields up and equities down. Only reversal of this trend will trigger a rebound in the...
Mutual funds see muted 2022; expect better days in new year
The assets under management (AUM) of the mutual fund industry rose by 7 per cent or Rs 2.65 lakh crore in 2022. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base seen in 2021, data from the Association...
PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative
"In addition to the above, the taxpayer might face difficulty at various other fora like banks and other financial portals as PAN is one of the important KYC (know your customer) criterion for all kinds of financial transaction," the circular said New Delhi: The...
Surge in Covid cases strain Chinese hospitals
Wang Guangfa, a respiratory expert from Peking University First Hospital, told the Global Times on Saturday that as the virus spread to the communities in Beijing, more elderly people and those with underlying diseases have been infected and that the capital city has...