The neo bank, which was launched in 2021 and has over 750,000...
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PB Fintech to infuse Rs 696 crore in arm PB Healthcare Services in FY26
The board approved a proposal to make an investment for an...
100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth
This enhanced limit will be available to those companies which...
Hacked US companies to face new reporting requirements
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation's cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks. The reporting will give the federal government much...
China’s lockdowns due to Covid surge could threaten half of economy
Shenzhen is the second-most important port in China after Shanghai, and processes about 10% of the containers shipped from China in any month. A part of the port was shut for weeks in mid-2021 to contain a local outbreak of Covid, but even then the port was able to...
India plans Rs 24,000 cr sovereign green bond as economy goes low carbon
India's maiden foray into the green bond space comes as it plans to fund renewable energy projects that will help meet its goal of net-zero emissions by 2070. The government is expecting lower yields on green bonds, as otherwise it sees little purpose in issuing them,...
Govt plans rejuvenation 13 rivers by forestry interventions, increase forest cover by 7,417.36 sq km
The proposed ''forestry interventions'' will help to sequester 50.21 million tons carbon dioxide equivalent in 10-year-old plantations and 74.76 million tons of CO2 equivalent in 20-year-old plantations, senior officials said The proposed interventions in the 13...
DPIIT notifies 20 pc FDI in LIC under automatic route
The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC.The Union Cabinet had last month approved the decision to facilitate disinvestment of the...
Mumbai becomes first South Asian city to detail net-zero roadmap
By 2050, rising sea levels are expected to flood those parts of the city. In total, unabated climate change could cost the city $920 million Drawing on inputs from officials, citizens, researchers and companies, Mumbai’s plan lists changes across six domains. This...
Investors richer by over Rs 13.16 lakh cr in five days of market rally
Domestic equities opened flat but gained momentum during the session, extending the rally for the fifth consecutive day. Global markets were mixed amid hopes for a diplomatic solution to the Ukraine war, but cautiousness prevailed as uncertainty looms with the...
Allianz, Swiss Re join other financial firms in turning from Russia
Insurance broker Willis Towers Watson also said on Sunday it would withdraw from Russia, following similar moves by rivals Marsh and Aon FRANKFURT: FRANKFURT/LONDON/ZURICH: Allianz and Swiss Re said on Monday they were cutting back on Russian business as European...
Investors push 10,000 companies to disclose environmental data to CDP
The call comes as money managers demand better information on climate change, biodiversity and water security to help them analyse the performance of company boards as the world looks to come good on a plan to limit human-driven global warming This year, more than 680...
Russian default no longer ‘improbable’, but no trigger for global financial crisis- IMF
Kristalina Georgieva, Managing Director,International Monetary Fund The total exposure of banks to Russia amounted to around $120 billion, an amount that while not insignificant, was "not systemically relevant," Russia may default on its debts in the wake of...