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Gallagher appoints Ajit Horra as its India CEO
Ajit will lead Gallagher’s 180 strong team, which is headquartered...
Allianz Risk Barometer: Cyber continues as top Indian business risk
“In addition to cyber incidents as the top risk in India, the...
China’s lockdowns due to Covid surge could threaten half of economy
Shenzhen is the second-most important port in China after Shanghai, and processes about 10% of the containers shipped from China in any month. A part of the port was shut for weeks in mid-2021 to contain a local outbreak of Covid, but even then the port was able to...
India plans Rs 24,000 cr sovereign green bond as economy goes low carbon
India's maiden foray into the green bond space comes as it plans to fund renewable energy projects that will help meet its goal of net-zero emissions by 2070. The government is expecting lower yields on green bonds, as otherwise it sees little purpose in issuing them,...
‘Never Visualized’, SC hints at CAG probe in fake Covid death claims
A bench comprising Justices M.R. Shah and B.V. Nagarathna said: “We never visualized that this kind of fake claims could come. It’s a pious world. We never thought this scheme could be misused” Expressing concern on fake medical certificates, the bench said: “What is...
Govt to infuse Rs 5000 crore capital into 3 PSU general insurers this fiscal, higher wages for employees soon
Due to the deficit capital situation faced by three three general insurers- Oriental Insurance Company, United India Insurance and National Insurance Company, the government has not been able to approve the due wage revision of employees of PSU general insurance...
Mumbai becomes first South Asian city to detail net-zero roadmap
By 2050, rising sea levels are expected to flood those parts of the city. In total, unabated climate change could cost the city $920 million Drawing on inputs from officials, citizens, researchers and companies, Mumbai’s plan lists changes across six domains. This...
Allianz, Swiss Re join other financial firms in turning from Russia
Insurance broker Willis Towers Watson also said on Sunday it would withdraw from Russia, following similar moves by rivals Marsh and Aon FRANKFURT: FRANKFURT/LONDON/ZURICH: Allianz and Swiss Re said on Monday they were cutting back on Russian business as European...
Panda takes charge as new IRDA chief, wants faster decision making in the regulatory body
Debasish Panda, chairman, IRDAI `Yes, he has assumed the charge of the chairman of IRDA in New Delhi today. In his initial wish-list for the IRDA employees, he has preferred digital, quick decision making and quick renewals of licenses,'' confirmed IRDA sources New...
China faces consequences if it helps Russia evade sanctions over Ukraine – Sullivan
U.S. National Security Adviser Jake Sullivan "We are communicating directly, privately to Beijing, that there will absolutely be consequences for large-scale sanctions, evasion efforts or support to Russia to backfill them," Sullivan said. "We will not allow that to...
Cyber crime to cost economies $10 trn by 2025: MS official
''Cyber security is the biggest threat to digital transformation and to the planet. Cyber crime costs economies more than USD 6 trillion each year today and that is expected to reach nearly USD 10 trillion by 2025'' New Delhi; Microsoft India President Anant...
Sachin Bansal’s Navi Technologies files draft papers with Sebi for Rs 3,350-cr IPO
Proceeds of the IPO will be used to invest in subsidiaries -- Navi Finserv Pvt Ltd (NFPL) and Navi General Insurance Ltd (NGIL) -- and for general corporate purposes Mumbai: Sachin Bansal-led Navi Technologies has filed preliminary papers with Sebi to raise Rs 3,350...