"The key agri states in the core productive zone of north western...
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Risk Management
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Cyber Insurance: Ransomware remains biggest driver of claims
``Asian businesses with overseas presence should also consider...
Over 90 flights cancelled scores delayed as rains batter Kolkata
The aviation chaos mirrored the citywide disruption as Kolkata lay...
Extreme heat causes income loss for 50% of Delhi street vendors: Study
"Data from over 700 respondents highlight the devastating impact on their health, productivity, and livelihoods. We demand immediate government intervention, including the establishment of heat shelters in markets with essential facilities, safety kits, and...
Urbanisation’s influence on climate change increasing in recent decades, study finds
Researchers analysed land temperatures from all over the world and discovered that, although contributing only 2 percent of land warming between 1992 and 2019, urbanisation is still not the primary driver of climate change. It was discovered that India's urban areas...
UK imposes sanctions on Russian insurer Ingosstrakh protecting ‘shadow fleet’ of tankers
Sanctions against Ingosstrakh are notable because it is major provider of coverage for the commercial fleet moving Russian oil, largely displacing insurers based in the UK and Europe. The company didn’t immediately respond to a request for a comment on how the...
Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC
A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla was hearing a petition filed by one Jaiprakash Kulkarni and Pharma Search Ayurveda Private Limited challenging an order passed by the Banking Ombudsman refusing to direct the Bank of Baroda to refund...
Inflation worries continue for US Fed; No policy rate cut for seventh time
Jerome Powell, US Fed Chair "We are maintaining our restrictive stance of monetary policy in order to keep demand in line with supply and reduce inflationary pressures. I will have more to say about monetary policy after briefly reviewing economic developments," US...
Life Insurance: Surrender charges to reduce finally, hit insurance companies
The Indian life sector has been marred with tax-rate changes (on high-ticket non-par policies) in the budget last year (2023). Investments in smaller tickets, growth in interiors, higher payouts and the ULIP wave (over non-par) have kept margins muted. In this...
Fizzling monsoon could prolong heatwave in north, says IMD
"The monsoon has slowed down after reaching Maharashtra and may take a week to regain momentum," an official of the India Meteorological Department (IMD) told Reuters New Delhi: India's monsoon rains have lost momentum after covering western regions ahead of schedule,...
Parametric Play: Insurance helps 46,000 Indian women avoid deadly work during heat waves
As soon as temperatures breached 43.6C in Ahmedabad, Makwana and thousands of other women were told that ICICI Lombard, an insurance company, would pay them a portion of their daily wages. The Self-Employed Women’s Association labour union runs the insurance...
Major world economies seek to halt new private sector coal financing
If approved, the draft proposal by the Organisation for Economic Co-operation and Development, would be the first move by a multilateral institution to curb financing for coal, one of the biggest causes of climate change, which produces more carbon dioxide emissions...
Singapore Airlines offers compensation for flight hit by turbulence
“Passengers medically assessed as having sustained serious injuries, requiring long-term medical care, and requesting financial assistance are offered an advance payment of $25,000 to address their immediate needs,” that will form part of any final settlement, the...