Cancellations in recent days to usually resilient aviation hubs...
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Supertankers cross Hormuz shipping strait after avoiding it in past 24 hours
Greece’s shipping ministry warned on Sunday that the country’s...
Warburg Pincus in talks with Premji Invest and SBI to sell its 10 % stake in SBI General
A transaction could value SBI General Insurance at as much as $4.5...
Andrew Hare appointed as managing director, APAC at RMS
Hare said, “Climate change and natural catastrophes, such as flood, fire, earthquake, and typhoon, continue to wreak havoc on the Asia-Pacific region. Following the devastating effects of the Covid-19 outbreak as well as chronic supply-chain disruptions, heightened...
Global reinsurers shift their business mix into casualty & specialty primary lines for price comfort
Even with rate increases, most reinsurers view current pricing on property catastrophe risks still not high enough to compensate for the ongoing level of uncertainty, whereas casualty and specialty primary lines are more attractive as they comparatively generate more...
Scope of EU ban on Russian coal and fertilizers jolts insurers
“The prohibition relating to coal and to certain fertilizers refers both to the “purchase” and the “transfer” of these goods, irrespective of final destination,” Arianna Podesta, a European Commission spokeswoman, told Bloomberg in an email. Those sanctions extend to...
Fairfax-backed 5-yr old Go Digit General Insurance files DRHP with Sebi for IPO
Prem Watsa, CEO, Fairfax The proceeds from its fresh issuance are worth Rs 1250 crore and will be utilised for the augmentation of the company’s capital base and maintenance of solvency levels and general corporate purposes Fairfax owned by Indian born Canadian...
Caste in California: Tech giants confront ancient Indian hierarchy
The update came after the tech sector - which counts India as its top source of skilled foreign workers - received a wake-up call in June 2020 when California's employment regulator sued Cisco Systems on behalf of a low-caste engineer who accused two higher-caste...
Luxury carmakers see record sales in 2022 on festive push
''We are hoping that the demand for luxury cars will exceed the pre-pandemic level of 2019, which was the highest ever while the demand for Lexus in India has crossed our highest ever demand this July since the launch of operations in 2017,'' Lexus India President...
Glenmark, Sun Pharma, Dr Reddy’s and Jubilant Cadista recall multiple products in the US market
The affected lot has been produced at the company's Halol plant in Gujarat and distributed in the US by Cranbury-based Sun Pharmaceutical Industries, Inc New Delhi: Leading generic drug makers Glenmark, Sun Pharma, Dr Reddy's and Jubilant Cadista are recalling...
PM may announce ‘Heal in India’, ‘Heal by India’ projects on I-Day: Report
Inclusion of the Quadrivalent Human Papillomavirus vaccine (qHPV) against cervical cancer in the National Immunisation Programme and the expansion of the National Health Mission under a new name 'PM Samagra Swasthya Mission' may also figure in Modi's speech from the...
Lok Adalat settles Rs 25.98 crore of MACT cases
The settlements with regards to the Negotiable Instruments (NI) Act cases amounted to Rs 88.39 crore, which was the maximum of settlements, followed by other civil matters at Rs 36.48 crore and Motor Accident Claims Tribunal (MACT) cases at Rs 25.98 crore, the...
LIC keen on entering mediclaim segment, awaiting regulatory clarity: Chairman
M R Kumar,Chairman, LIC Recently, the new Irdai Chairman Debasish Panda had said it was time life insurers re-entered the health vertical as he had given a mandate to the industry to ensure that every citizen has a health insurance policy by 2030. However, Panda later...