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IMD issues comprehensive heatwave guidance as temperatures rise across regions
In view of the prevailing and forecasted conditions, IMD has issued...
SBI General reports an 8.6% rise in net profit to Rs553 crore
Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “Our...
Automobile sales up almost 3 % in April, CV sales fall, says Fada
FADA President C. S. Vigneshwar attributed April sales to pull back in market and pause in tariff by US. “With the tariff war paused, stock markets staged a sharp pullback–alleviating investor concerns–and customers thus leveraged Chaitra Navratri, Akshay Tritiya,...
Warren Buffett’s best and worst investments in his 60 years leading Berkshire Hathaway
Berkshire's insurance division has grown to include Geico, General Reinsurance and several other insurers. The float totaled $173 billion at the end of the first quarter Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of...
End on an Era- Warren Buffett to retire after heading Berkshire for six decade, Greg Abel to succeed
Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become CEO at the end of the year. OMAHA, Neb: Warren Buffett shocked an arena full of his shareholders Saturday by announcing that he wants to retire at the end of the year. Buffett...
India bans imports from Pakistan amid tension over tourist killings
India's Directorate General of Foreign Trade in a notification said the ban will take effect immediately NEW DELHI: India said it has banned the import of goods originating from or transiting via Pakistan as diplomatic tensions between the two nuclear-armed nations...
Denmark plans $1 billion war insurance for its merchant fleet
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding would establish a state-backed war...
Berkshire outguns market as Buffett reaches 60 years in charge
Warren Buffet, chairman, Berkshire Hathaway Buffett took over Berkshire in a fit of anger in 1965, when management of the then-flailing textile company shortchanged him when he offered to sell back his shares. He later called Berkshire “the dumbest stock I ever...
FSIB selects United India’s Sanjay Joshi as new CMD of Oriental Insurance
Sanjay Joshi, selected CMD of Oriental Insurance Company The FSIB, the head hunting agency for selecting executive directors and CMDs and CEO and MDs of state owned financial institutions, had interviewed five candidates, -Joshi, Rekha Solanki, ED, National Insurance...
Peak Re raises $50 million through its second Cat bond
Franz-Josef Hahn, CEO, Peak Re For the first time, India has been included in a 144A catastrophe bond, expanding risk transfer to one of the region’s fastest growing and most dynamic markets Hong Kong: Peak Reinsurance Company (Peak Re) has raised $50 million through...
Blackout- Spain and Portugal companies count the cost
Spain’s main business lobby CEOE estimated the outage would shave 1.6 billion euros ($1.82 billion), or 0.1%, off gross domestic product, noting it could take oil refineries a week or more to resume their operations fully, and that some industrial ovens had been...
FSIB to select a new CMD for OIC on Friday
Government appoints Amit Misra as acting CMD of OIC for three months The five shortlisted senior officials who will be interviewed are-Rekha Solanki, ED, National Insurance Company, Anjana Saxena, National Insurance Company, Chandra Iyer, GM, New India...