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Govt to curb opaque shipping surcharges amid Middle East tensions: Report
The move comes after exporters flagged sharp and sometimes...
Strengthen cyber and operational resilience amid geopolitical tensions: Nasscom
According to Nasscom, several companies have begun activating or...
UK insurers ask for new rules to develop captive market
UK is missing out on a market that’s estimated to reach $161 billion globally by 2030, the letter said. The US, France and Italy have all introduced regimes to bring captives onshore according to a letter written to Chancellor Rachel Reeves by senior figures in the UK...
Istanbul: With earthquake risk city’s business now getting ahead on contingency planning
The impact would, of course, be huge. Insurers estimate a $300 billion hit to the economy, equivalent to 27% of gross domestic product, according to a senior person in the industry. That would be three times the estimate from last year’s disaster. About $25-$30...
Reliance Group moves NCLT to restrain IIHL from using ‘Reliance’ brand name
According to sources close to the development, the brand Reliance is 50:50 jointly owned by Mukesh Ambani and Anil Ambani, and the same can not be allowed to be used by any other company or individual. ADAVPL, in its application, has also argued that the company was...
Celebrating Longevity: Caring the silver generation
As life expectancy in India reaches an impressive average of 72 years, the need for specialized care and tailored lifestyle options has never been more pressing Amit Bhandari, Chief Technical Officer at Magma HDI General Insurance As we celebrate Senior Citizens Day,...
FSSAI launches project to address microplastic contamination in Indian food
In a recent report, the Food and Agriculture Organization (FAO) highlighted the presence of microplastics in common food items such as sugar and salt. While the report underscores the global prevalence of microplastics, it also emphasizes the need for more robust data...
Monkeypox in Africa: Exporters keep fingers crossed
"As of now, the spread is not rampant, but looking into the infection, the exporters are definitely concerned, hoping it will not spread," Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said The bilateral trade of India with Africa grew...
National Insurance aims for Rs 100-200 cr profit in FY25
T Babu Paul, executive director,National Insurance Company ``Medical treatment costs have increased by 5-20 per cent, and to bridge the cost gap, an industry-wide tariff revision is expected this year. Our average claim amount has jumped to Rs 41,000 from Rs 27,000 in...
Rs1 lakh crore disbursed for free hospital care to 7.4 crore patients under PMJAY scheme
Eligible beneficiaries can avail of cashless and paperless healthcare services related to hospitalisation across more than 29,000 empanelled hospitals in the country The top speciality care treatments availed by beneficiaries to date are general medicine, infectious...
Biden, Harris hail Medicare drug price cuts that will save billions
Biden's signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026 LARGO,...
Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion
Jeff Waters, director, North Atlantic Hurricane Models at Moody’s, said, “Hurricane Debby should not be a major event for the (re)insurance market. Debby made landfall just 10 to 15 miles (16 to 24 kilometers) from last year’s Hurricane Idalia’s Florida landfall as a...