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IRDAI board meet on July 14, likely to approve new licenses
In the absence of a regular chairman after Debasish Panda...
Extreme Weather: Euro Zone could lose 5% of GDP, says ECB
“Climate-related risks are an immediate concern for financial...
Deficient monsoon and excess rains afterwards, UP farmers stare at heavy losses
As per IMD data, Uttar Pradesh recorded almost 30 per cent less rainfall this monsoon season (June 1 to September 30). Because of this, 53 of the total 75 districts recorded deficient rainfall. The lack of rainfall too harmed farmers by affecting their Kharif crops...
Singtel’s second unit faces cyber attack weeks after Optus data breach
Last week, Dialog realized “a very small sample” of its data, including some employee personal information, had been published on the dark web. Singapore: Singapore Telecommunications Ltd. said on Monday its unit Dialog faced a cyber attack that potentially affected...
Companies lack targets for employee mental health, study shows
Deloitte, one of the “Big Four” accounting firms, reported in 2020 that mental ill-health in the workplace cost companies on average 1,652 pounds, or $1,900 based on mid-September exchange rate, per private sector employee each year, CCLA cited There may be no...
Families seek truth as Airbus, Air France face crash trial
They were among 228 people killed in 2009 when their storm-tossed Air France flight from Rio de Janeiro to Paris slammed into the Atlantic. After more than a decade of legal battles, their families at last have a chance at justice No one risks prison in this case;...
Indian insurance industry can become 6th largest global market soon, says IRDA chief
Debasish Panda,chairman, IRDAI ``There are huge opportunities but we are not able to tap it specifically in the context of agricultural, disaster management and cyber insurance,'' said Debasish Panda,chairman, IRDAI Mumbai: Debasish Panda, chairman, IRDAI has said the...
Car prices to rise as auto cos gear to comply with stricter emission norms
ICRA Vice President & Sector Head, (Corporate Ratings) Rohan Kanwar Gupta cautioned that as OEMs have been forced to take price hikes to counter inflation over the past 15-18 months, any further increase in the price of the vehicle could have a moderating impact...
AM Best affirms GIC Re’s Financial Strength Rating(FSR) as stable
The Credit Ratings (ratings) reflect GIC Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management (ERM). In addition, the ratings factor in a...
Wage Revision: FM wants “Performance Linked Future Wage Revision’ for PSU GI industry before clearing its pending new salaries
Nirmala Sithraman,Union finance minister The unions had asked the DFS and GIPSA to clear the pending Wage Revision at par with Life Insurance Corporation (LIC) without any condition or linking it with future ``Performance Linked Wage Revision’’ before Diwali and...
Munich Re not to invest in or insure new oil and gas fields from April 2023
Furthermore, in its own listed equities and corporates portfolio, as of 1 April 2023, Munich Re will cease to conduct new direct investments in pure-play Oil & Gas companies As of 1 January 2025, Munich Re will require a credible commitment to net-zero greenhouse...
Market turmoil may hinder UK’s plans to reform EU insurance solvency rules
“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...