"Though we have taken a number of measures, we are doing a deeper...
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Brazil says workers at China’s BYD site are victims of human trafficking
The investigation also brings unwelcome attention to BYD when it is...
Govt extends PMFSBY and RWBCIC till FY25-26, sets up Rs 824.77 crore technology fund for crop claim settlement
Prime Minister Narendra Modi For large scale technology infusion in...
Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report
The biggest deal during the quarter was the USD 800 million fund raise by food delivery platform Swiggy, followed by ShareChat (USD 502 million), Byju’s (USD 340 million), PharmEasy (USD 323 million) and Meesho (USD 300 million), the report said.
“The Indian startup ecosystem that generated 53 unicorns till June 2021 has made great strides in the April-June quarter. From recording most funding deals to adding the most number of unicorns in a quarter, investors’ confidence in good-quality digital businesses has strengthened like never before,” PGA Labs Director, Competitive Intelligence Abhishek Maiti told PTI.
Controversial Russian pipeline ready to ship Gas,finds difficult to to obtain insurance and certification
More than 99% of the pipeline has been completed, according to its operator. But before carrying the first gas to Germany, the link needs to obtain insurance and certification, a task made difficult by U.S. sanctions that restrict providing these services to the project.
Mining giants face sexual harassment reckoning as BHP fires 48 workers
While harassment is a problem in workplaces around the world, isolated mines can be especially risky for women. They remain largely male-dominated, with fly-in, fly-out (FIFO) workers living in camp-style accommodation that blurs the line between work and social life. Add excessive alcohol consumption into the mix, and inappropriate behavior often follows.
“City of London supports 15% of global carbon emissions”
“We’ll be targeting the City of London because it’s time that people understand the real contribution of the UK to this crisis,” lawyer and XR activist Tim Crosland told reporters.
“The City of London is the arch financier of the carbon economy. It supports 15% of global carbon emissions. It hosts BP, Shell, Glencore, Anglo American, and Russian oil and gas companies such as Gazprom and Rosneft.”
Haiti to receive a record payout of $40M from parametric catastrophe insurer CCRIF
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.
It is the world’s first regional fund utilising parametric insurance, giving member governments the unique opportunity to purchase earthquake, hurricane and excess rainfall catastrophe coverage with lowest-possible pricing.
This payout,representing CCRIF’s largest single payout to date. has activated the full coverage limit under the country’s parametric insurance policy for earthquakes for the 2021/22 policy year.
As CCRIF’s insurance policies are parametric, payouts are made within 14 days of an event.
UAE allows Indian tourists with 14-day rider
Approval of tourist visas for Indian passport holders, who have not been in the country in the last fortnight, comes as the UAE is slowly opening up its arrivals.
All flyers will have to undergo a Polymerase Chain Reaction test on the day of arrival and on the ninth day after arrival in the UAE.
Xiaomi to offer full spectrum of financial services, adds insurance vertical to its India platform
Xiaomi is adding insurance vertical to its platform as well as expanding the lending category with the addition of offerings like gold loans and credit line cards.
Xiaomi India Financial Services Head Ashish Khandelwal said Xiaomi has partnered with ICICI Lombard to curate a health insurance product.
Xiaomi also has a cyber insurance offering, and more than 25,000 customers have been covered so far.
”Going ahead, insur-tech is another proposition that we are working on in a curated manner in partnerships,” he added.
Three insurance-related firms to raise Rs 10,000 cr through IPOs
Policybazaar’s Rs 6,017.5-crore public issue comprises a fresh issue of Rs 3,750 crore and an offer-for-sale of Rs 2,267.5 crore by existing selling shareholders
Star Health, the largest standalone private health insurer, is planning to raise Rs 3,000 crore; while Medi Assist, which is the largest third-party administrator, is lining up a Rs 840-1,000 crore issue, according to their draft red herring prospectus (DRHP) filed with the market watchdog.
Class action against 9 firms for falling to refund payments during coronavirus pandemic
CCPA was formed in 2020 under the Consumer Protection Act. It has the mandate to regulate matters related to unfair trade practices, consumer rights, and false or misleading advertisements.
Indian companies have been issued instructions to comply with the CCPA orders.
India says to exceed emission cut targets, further reduction hinges on climate fund
“From 2005 levels, India’s carbon emissions fell 24% by 2016 – in the space of 11 years. Between 2016 and 2030 – in a span of 14 years – we’ve to reduce emissions by just 9-11%, but it will be definitely much more than that,” he said. In all probability, by 2025, non-fossil fuel sources would account for 40% of India’s power generation, Rameshwar Prasad Gupta, of Ministry of Environment, Forests and Climate Change said.