A staggering 55.44 crore Jan Dhan accounts have been opened in...
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India aviation watchdog finds 263 lapses at Indian airlines in annual audit
DGCA found 51 safety lapses at Air India in its July audit,...
Markel Insurance to sell reinsurance renewal rights to Nationwide
The sale is part of Markel's broader strategy to simplify...
Domestic automobile retail sales rise 10% in June: FADA
Total retail sales last month rose to 18,63,868 units from 17,01,105 units in the year-ago period. New Delhi: Domestic automobile retail sales rose 10 per cent in June driven by sales growth across various segments, including passenger vehicles and two-wheelers,...
Data Protection Bill gets Cabinet Nod; to be tabled during Parliament monsoon session
"In case of disputes, the Data Protection Board will decide. Citizens will have the right to claim compensation by approaching civil court. There are a lot of things that will evolve gradually," the source said According to the source, individuals will have the right...
French insurers receive $305 million riot claims
French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores...
Road accidents the leading cause of death in Sri Lanka: Health Ministry
About 10,000-12,000 people in Sri Lanka die annually due to accidents which have become the leading cause of death in the economically productive age group between 15 and 44 years of age, said Dr Samitha Sirithunga, Consultant Community Physician at the Department of...
Reinsurance market continues to recalibrate at mid-year 2023 renewals: Guy Carpenter
The preliminary year-to-date Guy Carpenter US Property Catastrophe Rate on Line Index, an alternative measure of price change that incorporates the impact of structural adjustments and current views of risk on actual dollars paid, increased 35 percent for January...
China’s extreme weather conditions may lead to food security crisis: Report
As per this report, while the country's North may face a heightened risk of water-related disasters, the South is likely to face drought. On the other hand, eastern China which is known as a key engine of economic growth, is likely to experience typhoon-triggered...
Russia rejects bank compromise as Black Sea grain expiry looms
Russia says the severing of the bank's access to SWIFT is one of the obstacles facing its own exports of food and fertiliser, and that it cannot keep renewing the Black Sea deal unless those issues are addressed Russia on Tuesday restated a demand for its state...
Cyber Insurance: Global premiums could exceed $50 billion by 2030, predicts Howden
Dan Leahy, Associate Director, said: “Having navigated the early phases of development that often come with new, fast growing lines of business, the cost of cyber insurance is now more commensurate with loss costs following the recent correction. Whilst the first half...
EV batteries remain major challenge for insurers – UK’s Thatcham
Batteries can make up half of an EV's cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical LONDON: A lack of data on electric vehicle (EV) batteries continues to...
India overtakes Japan in auto manufacturing, ranks number 3 globally after China and the US: Gadkari
Nitin Gadkari,Union Minister for Road Transport and Highways 'The turnover of the automobile industry is Rs 7.55 lakh crore, and four and a half crores have got jobs in the sector. This industry gives maximum GST to the government. We have decided that we will make...