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Climate change risks impacting financial system, need India-specific data: RBI’s Dy Gov
“Over the last few years, we have taken several incremental...
FIIs remain net investors in India this year amid robust economy, resilient market
“An important characteristic about FII investment is that they have...
LIC deploys IDBI Intech’s Anti Money Laundering solution
IDBI Intech has made steady investments in the latest industry solutions for the BFSI sector, with cutting-edge technology, customer satisfaction and market demands as top priorities. The next generation technologies currently being leveraged include Blockchain, Cybersecurity, Artificial Intelligence and Machine Learning.
India continues to “lag way behind” in COVID vaccination: Fitch
”The (APAC) region which was so successful in containing the virus early on, got behind the curve when it came to rollout of vaccines. Singapore really stands out now with 80 per cent of its population being vaccinated. But many countries in the region like Vietnam, Thailand and India continue to lag way behind and as a result continue to have periodic restrictions,” Schwartz said.
Aditya Birla Health Insurance looks to break even in next fiscal year on strong growth trajectory
“Good thing is that from the regulatory perspective, there have been a lot of enablers. However, there are challenges in terms of the initial impact of COVID-19 cases as the claims have been high,” ABHICL Chief Executive Officer Mayank Bathwal.
The company”s unique and differentiated health-first business model, such as 100 per cent return of premium, is contributing to more than 50 per cent of retail health new business, he said.
First Policy Insurance Brokers acquires Amicus Insurance Brokers
An in-principle approval for this transaction was granted by the insurance regulator, Insurance Regulatory and Development Association of India (IRDAI) on 5th August 2021. The merger process needs to go through a few more closure formalities, as specified in the Companies Act.
Organisations in India project 9.4 pc salary increase in 2022: Aon survey
”This is a strong indication of financial health and buoyancy in the economy. There is a clear uptick, from 6.1 salary increase in 2020, we have gone up to 8.8 per cent actual in 2021 and the projected salary increase for 2022 is 9.4 per cent, which is at par with the pandemic number that we had seen in 2018 and 2019,” said Roopank Chaudhary, a partner in Aon’s human capital business.
The survey further noted that the pandemic has accelerated the digital journey for organisations and this has led to an unprecedented war for digital talent in the short term and is driving up salary increase budgets and attrition numbers across sectors.
Cairn accepts $1bn refund offer, to drop cases against India within days: CEO
Cairn will drop cases to seize diplomatic apartments in Paris and Air India airplanes in the US in ”a matter of a couple of days” after the refund, he said adding Cairn’s shareholders are in agreement with accepting the offer and moving on.
ICMR should act actions against private pathology laboratories for violating norm: Delhi HC
The high court was hearing a plea seeking contempt action against the authorities for not adhering to the Delhi High Court’s earlier direction to take action against online health service aggregators which are operating illegally and collecting samples for COVID-19 tests.
India reports 38,948 new COVID-19 cases, Kerala adds 26,701 infections
The death toll climbed to 4,40,752 with 219 fresh fatalities. A total of 43,903 recoveries in 24 hours has increased the total recovery count to 3,21,81,995.
Cos can incorporate rewards, incentives to achieve ESG goals
According to Willis Towers Watson’s Global Executive Compensation Trends, ESG has become a critical business consideration, impacting companies’ cost of, and access to, capital. ESG goals and outcomes directly impact the company’s reputation with the public and employees, and often play a role in attracting and retaining a new generation of talent.
Companies with strong ESG practices have been found to deliver more sustainable returns, including higher levels of value creation and risk mitigation.
India plans 50% increase in oxygen production before third Covid wave
While demand for medical oxygen in India has considerably reduced since the peak, reaching near pre-COVID levels, gas companies along with the government are gearing up for a scenario where the third wave could be worse than the previous one.