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Hedge Fund money is reshaping a 180-year-old reinsurance model
Reinsurers covered just over 10% of total insured catastrophe...
Trump’s threat to blockade the Strait of Hormuz risks widening war to High Seas
The developments threatened to prolong and widen a war that has led...
Volcanic ash disrupts air travel: Multiple flights cancelled in India
“Following the recent eruption of the #HayliGubbi volcano in #Ethiopia, ash clouds are reported to be drifting towards parts of western India,” IndiGo said in a post on social media platform X. New Delhi: Air travel in India has faced disruptions after a volcanic ash...
Indian banks consider financing Russian oil from non-sanctioned sellers
That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday — when lenders were wary of clearing payments for any Russian cargoes, citing difficulties in verifying the supply chain, the people said. Banks in India are now willing to...
HDFC Pension’s AUM crosses Rs1,50,000 cr
Sriram Iyer, Managing Director & CEO of HDFC Pension, stated, “ NPS is a product that is designed for Indians keeping in mind their long-term needs. The recent changes have made the product even more customer-friendly. Our new schemes are designed to meet diverse...
New labour Codes vow to make India’s workplaces safer, fairer, equitable for women
Union Labour and Employment Minister Mansukh Mandaviya said that these Codes are both pro-worker and pro-growth, establishing a strong foundation for universal social security, fair and timely wages, safer workplaces, formal recognition for emerging segments such as...
Tankers rate hit new high amid US sanctions
Figures from analytics firm Kpler suggest that close to 48 million barrels of Rosneft and Lukoil crude — mostly Urals and ESPO grades — are currently in transit or beginning to load. That includes roughly 50 tankers pointing toward China and India, but also others...
Decoding New Labour Laws:Enhancing worker welfare & ease of doing business
The labour codes establish distinct definitions for 'employee' and 'worker,' with specific benefits and provisions applicable only to 'workers.' The definition of 'worker' closely aligns with the term 'workman' under the Industrial Disputes Act, 1947, encompassing...
Bima Gram API to strengthen rural coverage, says insurance industry
The Bima Gram API maps postal PIN codes to Local Government Directory (LGD) codes, creating a unified, verifiable database for rural identification. Through the Bima Gram API, insurers can now simply enter a customer’s postal PIN code to retrieve the corresponding...
IRDAI chairman Seth meets Indian reinsurers
Ajay Seth, chairman,IRDAI ``It was an introductory meeting and had no specific agenda. Seth wanted to know the state of affair in the Indian reinsurance industry,’’ said one of the CEOs who had attended the meeting Mumbai: After meeting life and non-life insurers...
Jitters over AI spending set to grow as US tech giants flood bond market
Since September, public bond issuance by four of the major cloud computing and AI platform companies known as "hyperscalers" has hit nearly $90 billion, with Google owner Alphabet selling $25 billion in bonds, Meta $30 billion, Oracle $18 billion, and Amazon, the most...
UN climate deal increases money to countries hit by climate change, but no explicit fossil fuel plan
“I cannot pretend that COP30 has delivered everything that is needed. The gap between where we are and what science demands remains dangerously wide.”U.N. Secretary-General Antonio Guterres BELEM, Brazil: After two weeks of negotiations, this year’s United Nations...