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Extreme Weather: Euro Zone could lose 5% of GDP, says ECB
“Climate-related risks are an immediate concern for financial...
UP govt sets July 31 deadline for kharif crop insurance; farmers must report damage within 72 hours
Farmers can register through banks, common service centers, or the...
Economic and cyber risks are the top risks facing Directors: Report
Economic risk was considered the top risk for businesses by 63% of global directors, closely followed by cyber risk at 62%, says a global Directors Liability 2023 survey from WTW and Clyde & Co, a leading global law firm SINGAPORE: Economic and cyber risks,...
G Srinivasan to join as a member of Agam’s Strategic Advisory Board
G Srinivasan, director, former CMD, New India Assurance Agam was founded in 2016 by Avi Katz and Chak Raghunathan with the vision to create a cutting edge differentiated analytical platform Mumbai: Agam Capital, an analytics driven platform strategically partnering...
US Cyber insurers see favorable premium growth, Results in 2023: Fitch
Rising policyholder awareness of the multi-faceted cyber threat continues to boost demand for coverage. Rapid recent premium growth and a reduction in claims experience in 2022 led to a strong recovery in results for the US Cyber insurance line following two...
I-T dept cracks down on Bajaj Allianz, ICICI Prudential amid wider probe on GST scam- sources
Tax authorities estimate that 16 insurance companies in all owe the government about Rs 50 billion rupees ($610 million) in unpaid taxes, interest and penalties since July 2017, when India implemented goods and services tax (GST), two sources said NEW DELHI: India's...
Lenders of Reliance Capital to meet on Monday to consider bidders’ concerns
Both the bidders Torrent Investment and IndusInd International Holdings Ltd (IIHL) of Hinduja Group want finality, certainty, transparency, no negotiation in value or on terms and conditions, after the second round of auction is over, they said. Mumbai: Ahead of the...
Joshimath still to see enough long-term measures to address land subsidence, say experts
An environment expert, requesting anonymity, said satellite data analysis and geophysical subsurface investigation suggested that the crisis in Joshimath was caused by underground hydrological imbalance Demands of the Joshimath Bachao Sangharsh Samiti include...
Govt likely to announce retail trade policy, accident insurance scheme for GST-registered traders soon
India is the world's fifth-largest global destination in the retail space. The commerce and industry ministry along with the department of financial services is also working on framing an insurance scheme for all the GST-registered retail traders New Delhi: The...
Tanker company transporting Russian Oil loses insurance on G-7 Cap
Since early December, companies in G-7 countries have only been allowed to provide services for Russian oil if the cargoes cost $60 a barrel or less An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after...
Black Sea grain deal could start winding down next week ahead of ‘expected’ closure
Russia has strongly signaled that it will not allow the Ukraine Black Sea export deal - agreed in July last year - to continue beyond May 18 because a list of demands to facilitate its own grain and fertilizer exports has not been met. A deal allowing the safe Black...
HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI
HDFC Bank or HDFC can increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to the effective date of the merger Mumbai: In a mixed bag for HDFC Bank ahead of the parent HDFC's merger with itself, the...