“When companies are sued by women or people of color and they're...
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LA wildfires may use up over 30% of Cat budgets of Europe’s largest reinsurers for 2025
The impact of the fires on European reinsurers’ natural catastrophe...
China guides mutual funds, insurers to invest more in stocks
China will commence the second stage of a trial program for...
Hybrid work model to stay in 2022 with fine tweaks, say experts
According to a survey by Nasscom and job portal Indeed, around 70 per cent of IT companies are trying to make the hybrid model work effectively. The survey found that 66 per cent of the respondents reported higher employee satisfaction working remotely. Mumbai: With...
FPIs remain net sellers in Nov at Rs 949 cr
''It appears that FPIs are exiting on valuation concerns. The important point to note is that the old scenario where FPIs representing smart money dictated market trends is over for the present…We are in a period of uncertainty,'' said VK Vijayakumar, Chief Investment...
What’s in the Glasgow Climate Pact? Five majors outcomes
Nearly 200 nations agreed to adopt the Glasgow Climate Pact on Saturday after more than two weeks of intense negotiations, with the UK host of the talks saying the deal would keep alive international hopes of averting the worst impacts of global warming. Failure to...
UN chief says outcome of COP26 ‘not enough’
UN Secretary-General Antonio Guterres UN Secretary-General Antonio Guterres said COP26 created some building blocks for progress: commitments to end deforestation, to drastically reduce methane emissions, to mobilize private finance around net-zero emissions.And the...
PM chairs meet on cryptocurrency; concerns raised over money laundering, terror financing risks
''The government is cognizant of the fact that this is an evolving technology, it will keep a close watch and take proactive steps. There was consensus also that the steps taken in this field by the government will be progressive and forward-looking,'' a source said....
Globally institutional investors placing greater emphasis on companies’ ESG performance: Survey
''It's clear that the COVID-19 pandemic has spurred investors to place more emphasis on ESG performance. There are positive signs that this is starting to translate into action, although both companies and investors need to take bolder steps to put ESG performance...
Nations reach climate agreement, accept India’s stand on “phasing down” coal use
Ahead of the Glasgow talks, the United Nations had set three criteria for success, and none of them were achieved. The U.N.’s criteria included pledges to cut carbon dioxide emissions in half by 2030, $100 billion in financial aid from rich nations to poor, and...
Indian Banks Issue 31.67 Cr RuPay Debit Cards To PMJDY Account Holders
In 2018, the government launched PMJDY 2.0 with enhanced features and benefits. Under the new version, the government decided to shift focus from ‘Every Household’ to ‘Every Unbanked Adult’ and free accidental insurance cover on RuPay cards was doubled to Rs 2 lakh...
1 in 4 citizens say local administration, companies have made Covid vaccination mandatory: Survey
'. The Union health ministry, via a counter affidavit filed in the High Court of Bombay at Goa on October 8, had stated that “vaccination for COVID-19 is a matter of social obligation and is in larger public interest''. New Delhi: A recent survey by a digital...
JPC members oppose proposal to reduce penalty amount in data protection bill
According to the bill, processing or transferring personal data in violation of the norms, is punishable with a fine of Rs 15 crore or 4 per cent of the annual turnover of the fiduciary, whichever is higher. Similarly, failure to conduct a data audit, is punishable...