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IPL suspended indefinitely as India-Pak clashes soar
"It does not look nice that cricket goes on while the country is at...
Re/insurers invoke force majeure, not to pay travel claims triggered by airport shutdown and flight cancellation
``Most of our travel policies have an exclusion that doesn’t cover...
China locks down area around world’s largest iPhone factory after Covid spike
Foxconn’s Zhengzhou facility is responsible for 80% of capacity for the iPhone 14 series, with more than 85% of iPhone 14 Pro capacity based there, according to Counterpoint senior analyst Ivan Lam. Any disruption there threatens to snarl Apple’s finely orchestrated...
Cyber criminals hold Asian tech workers captive in scam factories
Thousands of people, many with tech skills, have been lured by social media advertisements promising well-paid jobs in Cambodia, Laos and Myanmar, only to find themselves forced to defraud strangers worldwide via the internet CHENNAI/BANGKOK: Indian engineer Stephen...
Russian hackers account for most 2021 ransomware schemes, U.S. says
In analysis issued in response to the increase in number and severity of ransomware attacks against critical infrastructure in the United States since late 2020, the U.S. Financial Crimes Enforcement Network (FinCEN) said it had received 1,489 ransomware-related...
Insurance for Ukraine grains shipments cut after Russia suspension -sources
Ships entering the three ports, which have been part of the agreement, are usually required by their banks to have various insurance policies in place including hull and cargo war cover, which is renewed every seven days London: Insurers are no longer offering new...
India saw an extreme weather event on almost 90 pc days in first 9 months this year: CSE report
These disasters claimed 2,775 lives, affected 1.8 million hectares (ha) of crop area, destroyed over 4,16,667 houses and killed close to 70,000 livestock, stated the report, 'Extreme Weather Report 2022', released by the Centre for Science and Environment (CSE New...
Joshi takes over as new DFS Secy
Senior bureaucrat Vivek Joshi on Tuesday took charge as the Secretary of the Department of Financial Services (DFS) under the Ministry of Finance. Joshi replaced Sanjay Malhotra who is slated to take over as Revenue Secretary.rior to this appointment, Joshi, a 1989...
Passenger vehicle sales get festive treat in October amid surge in demand for SUVs, mid-segment cars
Automobile makers led by Maruti Suzuki, Hyundai and Tata Motors, along with Mahindra & Mahindra, Kia India and Honda Cars India on Tuesday reported strong sales of passenger vehicles in the domestic market riding on strong festive season demand. However, in the...
Lockton Asia appoints Ben Son as Korea CEO
"Combining the teams' expertise, reputation, relationships, and revenue, will result in continued acceleration of Lockton Korea's growth trajectory and position as a leading insurance brokerage," said Juyeol Lee, President of Lockton Korea SEOUL: Lockton, the world's...
More than 75 planes of Indian carriers grounded due to maintenance, engine issues: Report
Significantly none of the domestic airlines, including two listed companies -- IndiGo and SpiceJet -- have so far made any public announcement on the grounding of the planes. "These will have a significant impact on financials in the second half," CAPA said in its...
Global investments in InsurTechs fall 2.5% to $2.35 billion in Q2 2022
In this most recent quarter, 53.5% of all disclosed APAC funding went into India-based InsurTechs, which raised an impressive $210.76 million. In terms of all deals ever completed, InsurTechs from 18 APAC countries have raised $7.77 billion through 447 deals , which...