Indian insurers and reinsurers have canceled hull coverages in...
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Seafarers can refuse to sail through Mideast Gulf region, main union says
As part of negotiated arrangements reached on Thursday between...
Strait of Hormuz shipping is at near-total halt, JMIC says
A review of shipping signals have confirmed only two commercial...
RBI board approves risk-based deposit insurance framework for banks
"It is proposed to introduce risk-based deposit insurance premium with the currently applicable flat rate of premium as the ceiling. This will incentivise sound risk management by banks and reduce premium to be paid by better rated banks,'' Sanjay Malhotra, governor,...
US targets Iran oil network, names India-linked shipping firms
India-linked entities named include the Barbados-flagged vessel Flora Dolce, owned and managed by India-based Rukbat Marine Services Co, which has transported millions of barrels of Iranian fuel oil since April 2025.Another vessel, Ramya, operated and managed by...
Climate Risks: More than 450 people sue Japan govt seeking damages of 1,000 yen ($6) each
The case in Japan follows similar global lawsuits in which groups of individuals have attempted to hold governments or companies to account over climate action. At least 226 new climate cases were brought in 2024, according to a June report from the Grantham Research...
Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide clean electricity and heat crucial for meeting net zero goals, and is expected to make up a sizable share of Germany’s future heating needs. But the big upfront costs needed for drilling can often exceed...
Lok Sabha passes SHANTI Bill to modernise, open up nuclear energy sector for private participation
The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the Central Government...
Cyber crimes surge over 60 pc in last three years: Centre
Minister of State (MoS) for Home Affairs Bandi Sanjay Kumar said that more than Rs 7,130 crore has been saved since 2021 through timely reporting on the Citizen Financial Cyber Fraud Reporting and Management System, covering over 23.02 lakh complaints. Additionally,...
Trump sues BBC for up to $10 billion in damages over speech edit
Trump, in his lawsuit filed on Monday in Miami federal court, said the BBC despite its apology “has made no showing of actual remorse for its wrongdoing nor meaningful institutional changes to prevent future journalistic abuses”. President Donald Trump sued the BBC...
New Nuclear Bill spares suppliers from accident liability
The new bill, named the Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India(SHANTI) Bill, 2025, drops a rule that let operators sue suppliers for equipment defects, a provision foreign suppliers have long opposed. Foreign suppliers include...
SC mulls pan-India guidelines to prevent road accidents on expressways, NHs
A bench of Justices J K Maheswari and Vijay Bishnoi flagged the construction of illegal "dhabas" on both sides of national highways and expressways as a possible cause of road accidents and asked Solicitor General Tushar Mehta, who appeared in the matter for the...
Parl Panel for diversification of crude sources to cut geopolitical risks
n its report tabled in Parliament last week, the Public Undertaking Committee noted that India imports nearly 89 per cent of its crude oil requirements, making the country vulnerable to global disruptions arising from conflicts, sanctions, civil unrest in...