Among other topics, the sources said the committee has asked about...
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Centralised KYC system in works Sebi chairman
Tuhin Kanta Pandey,chairman , SEBI The Central KYC is an online...
India’s liberal FDI policy offers huge investment opportunities for global investors: Deloitte
India has made a significant advancement by allowing 100 per cent...
Fitch rates its first natural disaster clause Sovereign Bond
`On 20 October we assigned a rating of ‘B’ to Barbados’s US dollar-denominated global bonds maturing on 1 October 2029. The issue includes provisions for payments to bondholders to be deferred for up to two years in the event of a pre-defined natural disaster. This is...
IRDAI forms panel to design a women centric distribution channel and parametric cover for rural population
The committee within 21 days will also explore and recommend on how to bring about synergies in the working and operations of Bima Vahak, Bima Vistaar and the digital platform – Bima Sugam Hyderabad: As the IRDAI is taking up various regulatory reforms towards...
Foreign investors turn net sellers in India for second straight month
Tightening monetary policy in advanced economies including rising demand for dollar-denominated commodities, and strength in the US dollar had triggered a consistent outflow of funds from Indian markets. Investors typically prefer stable markets in times of high...
Uganda reports worrisome increase in Ebola cases in capital
There is no proven vaccine for the Sudan strain of Ebola that's circulating in Uganda. Ugandan officials by Thursday had documented more than 1,800 Ebola contacts, 747 of whom had completed 21 days of monitoring for possible signs of the disease that manifests as a...
Climate change becomes the number one risk in all geographies: AXA Report
Thomas Buberl, CEO, AXA Geopolitical risks come in second place, overtaking cyber and pandemic risks. 95% of the experts surveyed expect geopolitical tensions to persist and spread throughout the world. As an indirect consequence, energy-related risks are now in...
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
To support that unprecedented level of EVs, carmakers and their battery partners are planning to install 5.8 terawatt-hours of battery production capacity by 2030, according to data from Benchmark Mineral Intelligence and the manufacturers The world's top automakers...
Cyclone Sitrang: IMD issues advisory, suspends offshore activities in north Bay of Bengal
“Due to the cyclonic storm over West Central Bay of Bengal and adjoining East Central Bay of Bengal and its likely intensification into a severe cyclonic storm, fishermen are advised not to venture into the sea till 25th Ocober’2022,” IMD’s statement said. Kolkata: In...
Russia poised to largely skirt new G7 sanctions on oil price cap and insurance
Months of discussions between the United States and those insurance, trading and shipping firms have mollified concerns on their exposure to sanctions but all parties now realize Russia can largely skirt the plan with their own ships and services. Russia can access...
Researchers give new insights into genetic causes of high cholesterol
According to the World Health Organization, high cholesterol is a leading contributor to disease burden in nations of all income levels, is a risk factor for heart disease and stroke, and is thought to be responsible for 2.6 million deaths annually globally A new...
Ukraine insurance costs surpass Iraq war levels, industry sources say
The rates in Ukraine are currently higher than previously experienced in Iraq and Afghanistan…Principally, it's a more active war zone rather than an insurgency situation," said Alexis Fehler, accident and health underwriter at Lloyd's of London-backed insurer...