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64.5 mn passengers carried on international routes in Jan-Nov 2024, up 11.4 pc: Centre
“The number of domestic passengers carried by scheduled domestic...
EPFO launches centralised pension system, benefitting 6.8 mn members
The Centralized Pension Payments System (CPPS) is a paradigm shift...
China under pressure amid countrywide COVID-19 resurgence
China is battling its biggest virus surge in two years and numerous cities have imposed travel bans and lockdowns, including tech hub Shenzhen, which have shaken economic stability and global supply chains. China has clung to a zero-tolerance approach to the virus...
Afghanistan world’s unhappiest country, even before Taliban: Report
Finland ranked first for the fourth year running with a 7.8 score, followed by Denmark and Switzerland, with Iceland and the Netherlands also in the top five Researchers ranked the countries after analyzing data over three years. They looked at several categories...
Russia-Ukraine war: GIC Re cancels war risk covers for Marine Cargo,Hull and Airlines around affected areas , not to re-issue them with higher premiums
Ukrainian and Russian waters in the Black Sea and the Sea of Azov” as one of the listed territories for cancellation of war risk covers by GIC Re GIC Re has a small portfolio of Russian aviation risks for which Notice of Cancellation (NOC) of cover has been...
Bridgestone reports ransomware attack at U.S. subsidiary
Bridgestone said third-party unauthorized access was made at Bridgestone Americas on Feb. 27, prompting it to shut down the computer network and production at its factories in North and Middle America for about a week An investigation later determined the incident to...
India’s stray missile put dozens of passenger jets at risk
Several planes passed through the direct trajectory of the missile that day, which flew from the Indian garrison town of Ambala and ended up in Mian Channu in Eastern Pakistan. They included a Flydubai jet heading to Dubai from Sialkot, an IndiGo plane going from...
HSBC buys virtual plot of land in digital push
HDBC's venture into the virtual world comes as the British-based lender slashes its footprint in the real world, announcing on Tuesday it would cut a further 69 branches in Britain as its customers move online HSBC is the second global bank to invest in a popular...
COVID-19 pandemic is ‘far from over,’ says WHO
After more than a month of decline, COVID cases started to increase around the world last week, the WHO said, with lockdowns in Asia and China's Jilin province battling to contain an outbreak A combination of factors was causing the increases, including the highly...
Investor wealth rises Rs 19 trn as Sensex soars 5,000 pts in 8 sessions
The valuations of Indian markets having moderated, geopolitical tensions subsiding, and with more clarity on the timeline for policy rate hikes by the US Federal Reserve, the volatility in the markets is expected to abate, said brokerage house Samco Securities in a...
Aircraft insurers brace for deluge of Russia claims, with Lloyds on hot seat
The Financial Times reported Thursday that Lloyd’s of London is expecting a “significant but manageable overall loss” with a final bill between $1 billion to $4 billion after reinsurance pays out, citing a person familiar with the matter. The exchange didn’t respond...
Indian fintech payment firms have no data advantage over banks: Moody’s
According to Moody's Investors Service, the introduction of the Unified Payment Interface (UPI) in 2017, which allows funds to be transferred instantaneously, has been a key catalyst to the development of digital payments due to the ease of use of apps running on the...