Daily rates for a VLCC from the Middle East to China are currently...
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Enhanced insurance cover for exports to West Asia extended till Sept 30
"The eligibility timelines under Component II of the EPM RELIEF...
Venezuela faces $6.7 billion in economic losses from earthquakes:UNDP
Direct physical damage is estimated at $6.7 billion (range of $4.7...
ICICI Lombard General to act as Lloyd’s local partner in India
Under this new agreement, ICICI Lombard will issue local policies on behalf of managing agents for selected lines of business. Managing agents can request local policies through the Multinational team, who will coordinate directly with ICICI Lombard to produce the...
Stranded ships transiting the Strait of Hormuz:Lloyd’s List
In a media briefing, Richard Meade, editor in chief of Lloyd’s List, said for the first time in 110 days, ships owned by major companies are transiting the strait after effectively being marooned there since February London:Major shipowners have begun moving vessels...
Cyber scams rise sharply across Asia: Interpol
The report comes as governments across Asia are grappling with an explosion in online fraud fueled by sprawling scam networks that monitoring groups say increasingly operate across borders and generate tens of billions of dollars a year. Once concentrated in parts of...
Emirates adds War Cover amid gulf rebound
The product includes medical coverage for conflict-related incidents, with airline-managed hotel accommodations and support for extended stays, according to the statement. Emirates also will rebook connecting services for affected passengers at no extra cost, even if...
US and Iran presidents sign ceasefire agreement, but Trump says he could still resume attacks
The memorandum includes an immediate end to the war on all fronts, including Lebanon, the full resumption of maritime traffic in the Strait of Hormuz, the lifting of a U.S. blockade of Iranian ports, the waiving of international sanctions on Iran, the unfreezing of...
Govt completes 5% OFS in GIC Re, including 3% green-shoe option: DIPAM Sect
Sharing the outcome of the stake sale on social media platform X, DIPAM Secretary said, "Offer for Sale (OFS) in GIC Re closed with enthusiastic response from the investors. Government of India has divested 5.0% per cent of its stake in GIC Re with full subscription...
NSE files for Rs 30,000-cr IPO; set to become India’s biggest-ever public issue
Life Insurance Corporation of India (LIC), the single largest shareholder in NSE, holding a 10.72 per cent stake, will not offload any shares. GIC Re (1.07 crore shares), The New India Assurance Company (1.05 crore shares), National Insurance Company (0.60 crore...
Hitesh Joshi appointed as CMD of GIC Re
Hitesh Joshi, CMD, GIC Re Joshi has been serving as the acting CMD of GIC Re since Oct 1.The post has fallen vacant after N Ramaswamy retired from the company since Sep 30. The government on Tuesday has appointed Hitesh Joshi, 57, as the new CMD of GIC Re, the ninth...
Institutional investors rush for GIC Re shares; issue subscribed nearly 4X on day 1
DIPAM Secretary shared the development via X on Tuesday, adding "Offer for Sale in General Insurance Corporation of India received an enthusiastic response from the investors on day one and was oversubscribed 3.72 times. Government has decided to exercise the entire...
Shipowners eye Hormuz return with cution
News of a long-awaited agreement between the US and Iran and the prospect of ending a double blockade drove Brent oil futures down almost 5%. But those ferrying crude and gas around the world are still questioning what exactly a reopening — which US President Donald...