CCPA has also issued notices to e-commerce platforms in some cases...
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Active Covid cases in India cross 5,000-mark
Official sources have maintained that most cases are mild and...
Govt and GIC Re are in talks to set up an exclusive mega Pool to reinsure country’s all hydropower plants
N Ramaswamy, CMD, GIC Re ``Currently, due to the huge catastrophic...
Foreign investors remain net buyers in Indian stocks 6th straight month
“India remains in a sweet spot,” said Amnish Aggarwal, a head of research at Mumbai-based brokerage Prabhudas Lilladher Pvt. Stock markets in India stand out as they offer diversified opportunities along with a fast-growing economy, and this is in contrast to the...
GDP grows at 7.8 pc in Apr-Jun, India remains fastest growing economy
The expansion in ‘financial, real estate and professional services’ GVA was 12.2 per cent, up from 8.5 per cent in the year-ago quarter New Delhi: India recorded an economic growth rate of 7.8 per cent in the April-June quarter of 2023-24 and remained the fastest...
Judge allows age-discrimination lawsuit against Elon Musk’s X to proceed
Elon Musk Illston ruled that the federal law banning workplace age bias allows plaintiffs to bring so-called “disparate impact” claims in a class action, an issue that has divided courts. A California federal judge has refused to dismiss a lawsuit accusing X, the...
DFS asks GIPSA to include GIC Re and AIC as its members
The move by the DFS has come at a time when GIC Re had already expressed its desire to the DFS to be treated separately from the rest of PSU general insurers in some areas particularly deciding wages and allowances of its employees New Delhi: The Department of...
Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
Nirmala Sitharaman,Union Finance Minister Some of the features of PMJDY are, one Basic Savings Bank Deposit (BSBD) account to every unbanked adult, overdraft limit of Rs 10,000, and a free Rupay debit card with inbuilt accident insurance cover of Rs 2 lakh (Rs 1 lakh...
ANALYSIS-U.S. growth, a puzzle to policymakers, could pose global risks
"If we get to a point where there is a need for … doing more than what's already priced in, at some point markets might start getting nervous … Then you see a big increase in the risk premia in different asset classes including emerging markets, including the rest of...
Geopolitical fragmentation, increasing trade protectionism, climate change posing serious challenges to inclusion: Industry leaders
In a panel discussion at the B20 Summit India 2023 in New Delhi, Tata Sons Chief Economist and Head of Policy Advocacy, Roopa Purushothaman said while inequality between countries has been getting better, inequality within countries has been worsening in the last few...
Govt unlikely to infuse capital in PSU general insurers in FY24
Vivek Joshi, secretary, Department of Financial Services(DFS), recently had reviewed the functioning of the four PSU general insurers in New Delhi but the pressing issue of the capital infusion was out of meeting's agenda The three PSU general insurers that require...
SBI chief Dinesh Khara likely to get extension as govt mulls relaxing retirement age of PSB heads, MDs
Dinesh Khara,Chairman,State Bank of India "There is a discussion to increase the age limit for retirement of chiefs of PSBs . Simultaneously, discussions are on for raising superannuation age for managing directors of PSBs to 62 years from 60 years," the official said...
UN, UNDP showcase responsible business actions for sustainable development at B20 event
The private sector's role in respect of the Sustainable Development Goals should not be limited to just financing and investment. There is a massive opportunity to achieve big efficiency gains; drive innovation; and enhance reputation, especially when public distrust...