The FDI limit being raised from 74% to 100% will prove to be a...
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Union Budget 2025-26: Reshaping Indian insurance landscape
Tapan Singhel, MD&CEO, Bajaj General Insurance& Chairman,...
Budget 2025: FM exempts basic customs duty on 36 life-saving drugs; boosts medical tourism
Establishment of cancer care centres and enhanced social security...
Reducing the workweek to 32 hours
As chief executive officer of the nonprofit 4 Day Week Global, Joe O’Connor oversees six-month boot camps now helping 170 companies with 10,000 participating employees around the world to adopt more flexible work schedules He is capitalizing on a watershed moment in...
Number of income tax returns touch 7.14 crore in FY22: CBDT chairman
For FY22, the tax collection is more than Rs 14 lakh crore, which is fairly good compared to the collection for FY20, as per the chairman New Delhi: The number of income tax returns has increased in FY22 over the previous fiscal, Central Board of Direct Taxes Chairman...
Beijing warns of ‘explosive’ COVID outbreak as Shanghai begins mass testing
While China’s infection rate is low by global standards, President Xi Jinping has doubled down on a zero-COVID policy that authorities say is needed to protect the elderly and the medical system, even as other countries try to live with the virus. So far the country...
Ant Group to revive IPO as Beijing eases crackdown
Billionaire and Alibaba founder Jack Ma The company’s stock market listing was hastily shelved at the behest of Beijing in November 2020. At the time, it was slated to be valued at around $315 billion and planned to raise $37 billion, which would have been a world...
Africa: Major insurers and banks join hands to manage biodiversity risks
Responsible management of Africa’s natural capital, including its water, soil and forests, “creates fantastic opportunities and contributes to the growth and development of the continent,” Rachael Antwi, group head of ESG at Ecobank said Financial institutions that...
Russia’s state-owned RNRC to reinsure Russian oil shipments
The sources, who declined to be identified due to the sensitivity of the issue, said Russian central bank-controlled RNRC was now the main company providing state guarantees to Russian insurance firms that offered cover such as Ingosstrakh, which insures Russian...
Yellen says insurance ban on tankers could lock in Russian Oil
Janet Yellen, US Treasury Secretary The US has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months. On top of that, the bloc has worked toward coordinating with some Group of Seven...
Warming Africa threatens insurers’ quest for profit
Temperatures in southern Africa rose at twice the global rate on average in the five years leading up to 2019, according to a report by the Intergovernmental Panel on Climate Change Yet insurers are undeterred, with some looking to expand even in vulnerable...
Cryptocurrencies akin to ‘a world of Carribean pirates’ in absence of regulation: CEA
V Anantha Nageswaran,Chief Economic Adviser The government is working on a consultation paper on cryptocurrencies and is taking inputs from various stakeholders and institutions, including World Bank and IMF New Delhi: Chief Economic Adviser V Anantha Nageswaran on...
Russia to use state guarantees to bypass EU ban on insuring maritime oil deliveries to 3rd countries: S&P
Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...