The 3.5 trillion yuan ($486 billion) fund — which covers medical...
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Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may...
Sitharaman asks PSBs to develop credit models to fund Indian made small modular nuclear reactors
Lto R -M. Nagaraju,secretary,Department of Financial Services,...
MFs’ AUM at Rs 50 lakh cr, add Rs 10 lakh cr in 2023
The industry saw net inflows of Rs 2.7 trillion in 2023 as compared to an inflow of over Rs 71,000 crore in the preceding year. The huge inflow could be on the back of sustained investor interest in equity funds, arbitrage funds, and index funds & ETFs Mumbai: The...
Climate change makes forecasting harder, says Australia’s agriculture minister
“Climate change is having an impact. The models that we’ve traditionally used are having to change because the climate is changing. That’s something that I know the Bureau is working hard on, but unfortunately, the reality is that climate change means that we are...
ECB cyber stress test not to affect capital requirements
The exercise will assess how banks respond to and recover from a cyberattack, rather than their ability to prevent it. As part of the exercise, 28 banks will undergo an “enhanced” assessment, under which they will have to submit additional information on how they...
Driverless truck companies in US plan to ditch human copilots in 2024
After years of testing, Aurora Innovation Inc., Kodiak Robotics Inc. and Gatik AI Inc. expect to remove safety drivers from trucks that are being guided by software and an array of sensors including cameras, radar and lidar, which sends pulses of light that bounces...
Delhi’s per capita income rises over 14 pc to Rs 4,44,768
Delhi has the highest minimum wages in the country -- Rs 17,494 for unskilled, Rs 19,279 for semi-skilled, and Rs 21,215 for skilled workers -- and the government increases these wages every six months, the statement said. Delhi's per capita income increased from Rs...
Japan earthquake deaths top 100, insurance losses manageable
Catastrophe modeling firm Karen Clark & Co. said, total insured losses from the quake will reach $6.4 billion, with residential losses accounting for over two-thirds of the total Chanyoung Lee, director, analytics, AM Best, said "While the earthquake losses would...
New York could be first state to offer prenatal paid leave to mothers
The proposal was part of a six-point plan to improve maternal and neonatal health at a time when U.S. maternal mortality rates are growing with each generation and the country has fallen way behind other developed nations New York: New York Governor Kathy Hochul on...
Govt to bring more products under mandatory quality norm: Goyal
''In future, more products will be brought under the Quality Control Order(QCO). I believe we will be covering 2,000-2,500 products. Our commitment to the quality will be so strong that every product/service available in India will be of higher quality'' Consumer...
World Bank raises GBP 1.5 billion in 5-year sustainable development bond
According to the World Bank, this Sustainable Development Bond aims to generate GBP 1.5 billion from investors, contributing to the financing of the World Bank's initiatives for sustainable development solutions in its member countries London: The World Bank,...
GIFT City grants its first approval to Azim Premji’s family office to invest its capital overseas
Azim Premji, non-executive member of the board and founder chairman of Wipro Dozens of applications for family investment fund that allow families to make investments across various asset classes and instruments offshore, are still pending with GIFT City authorties,...