"Consolidation may persist in the near term, yet investors are...
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Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause...
Clinical trials of medicines often done in poor countries, says SC
The top court had said clinical trials in the country must be for...
Munich Re partners with OneDegree to launch digital asset insurance in Hong Kong
OneInfinity is an insurance and technology product offering designed specifically for digital asset trading platforms, custodians, asset managers and technology providers Under this partnership, Munich Re will provide reinsurance capacity and support OneDegree's...
One lakh excess premature deaths linked to air pollution in 8 Indian cities: Study
The study, published last week in the journal Science Advances, shows rapid degradation in air quality and increases in urban exposure to air pollutants which are hazardous to health. Dhaka, Bangladesh, saw a total of 24,000 excess premature deaths, while the Indian...
Covid and climate change push many older women into prostitution in Sundarbans
Agriculture has become unviable due to the increase in salinity of the water because of sea level rise. As a result, there is abject poverty and people, particularly women, are desperate to look for livelihood as they are often the breadwinners. New Delhi: In the...
Equity MFs record Rs 1.64-trn net inflow in FY22 on strong SIP mop-up
Going ahead, we expect the growing inflow trends in equity mutual funds to sustain given the current economic condition and markets, Manish Kothari- CEO and Co-Founder, ZFunds, said New Delhi: Strong SIP book and lower returns from traditional investments made equity...
For 3rd quarter in row, startup funding crosses $10 bn in Q1, creates 14 unicorns
Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a PwC India report Amit Nawka, the startups leader at the consultancy, told PTI that despite uncertainties in the global economic...
FAQ on taxation of crypto, virtual digital assets in works
The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 per cent income tax plus cess and surcharges will be levied on such transactions in the same manner as the tax law treats winnings from horse races or...
FPIs turn net buyers in April so far; invest Rs 7,707 cr in equities
Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said the inflow indicates that maybe foreign investors are almost done with the recalibration exercise of their portfolios owing to the current scenario. Also, the recent correction in the...
India-Gold imports surge to USD 46.14 bn in 2021-22
India is the world's second-biggest gold consumer after China. The imports are largely driven by the jewellery industry. The gems and jewellery exports during 2021-22 grew by about 50 per cent to about USD 39 billion India's gold imports, which have a bearing on the...
Private COVID vaccination centres can only up to Rs 150 as service charge on precaution dose
Serum Institute of India has cut the price of its Covishield COVID-19 vaccine as the country plans to offer booster doses to all adults from Sunday. The price will drop to 225 rupees ($2.96) a dose from 600 rupees for private hospitals, the chief executive of SII said...
Electric vehicle retail sales zoom over three-fold in FY22
Total EV sales had stood at 1,68,300 units in 2019-20 fiscal, it noted. According to the Federation of Automobile Dealers Associations (FADA), electric passenger vehicle retail sales stood at 17,802 during the last fiscal, up over three-fold from 4,984 units in FY21...