Sanjay Malhotra, Governor, Reserve Bank of India There has also...
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First shockwaves of Trump’s trade tariffs about to hit global economy
“Our new growth projections will include notable markdowns, but not...
FPIs turn net buyers; inject Rs 8,500-cr in holiday-shortened week
Overall, FPIs pulled out Rs 23,103 crore from the equities in April...
Moderna sues Pfizer/BioNTech for patent infringement over COVID vaccine
Early in the pandemic, Moderna said it would not enforce its COVID-19 patents to help others develop their own vaccines, particularly for low- and middle-income countries. But in March 2022 Moderna said it expected companies such as Pfizer and BioNTech to respect its...
Bimaplan and Niyo Bharat tie-up to make insurance accessible to contractual factory workers
Bimaplan, a Y Combinator-backed insurtech startup has recently announced a partnership with Niyo Bharat, to provide contractual factory workers with vital microinsurance protection plans. Bimaplan and Niyo Bharat’s partnership will provide financial inclusion to...
“Use & File’- ICICI Lombard revamps its product portfolio
Sanjeev Mantri,executive director, ICICI Lombard General Insurance ` The new offerings were propelled by the recent announcement of ‘Use and File’ framework from the IRDAI. Fuelled by regulatory reforms, we have accelerated our pace of developing and launching new...
2050 net-zero target can boost India’s GDP by 7.3 pc by 2032: Report
India will need around USD 10.1 trillion in cumulative economy-wide investment to meet its 2070 target. While India could decarbonise using carbon revenues or other domestic tax-raising mechanisms to fund green investments, leveraging international support would free...
China’s fragile economy is being hammered by driest riverbeds since 1865
Yangtze’s retreating water levels have snarled electricity generation at many key hydropower plants, sparking energy chaos across parts of the country. Mega cities including Shanghai are turning off lights, escalators and cutting back on air conditioning. Tesla Inc....
Korea shatters its own record for world’s lowest fertility rate
Korea is the world’s fastest-aging nation among economies with per capita GDP of at least $30,000, according to United Nations global population projections and World Bank data. By 2100, its population will fall by 53% to 24 million, up from a 43% decline forecast in...
Indian Ocean coastline off Somalia declassified as a “high-risk area”
The change was approved by marine groups including the International Chamber of Shipping and will be operational from January next year, they said in an emailed statement on Monday “No piracy attacks against merchant ships have occurred off Somalia since 2018,”...
Flexible work places can encourage more women to join labour force, Modi says
Prime Minister Narendra Modi Reiterating that the future needs flexible workplaces, a work-from-home ecosystem, and flexible work hours, the Prime Minister said,`` we can use systems like flexible workplaces as opportunities for women's labour force participation.''...
5G services in India by October 12, says IT Minister Vaishnaw
Ashwini Vaishnaw, Union IT minister The 5G services would be rolled out in a phased manner and during the first phase, 13 cities will get the 5G internet services The cities are Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad,...
Indian insurance industry providing a higher return on equity than developed markets: IRDAI Chairman
Debasish Panda,chairman,IRDAI ``Indian insurance companies on an average have provided a return of 23 per cent while US insurance industry’s return has been at 13 per cent, a point to note for our American counterparts,’’ said Panda, while addressing a webinar...