This directive comes after an advisory was received from the Indian...
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AAIB to probe helicopter crash in Uttarakhand
Five people were killed and two others injured in the helicopter...
Hostilities between India-Pakistan heighten credit risks for both nations: S &P
"The outbreak of hostilities between India and Pakistan has...
Visa and Mastercard slow down on plans to forge new partnerships with crypto firms
The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and BlockFi rattled investors and increased regulatory scrutiny on the sector “Recent high-profile failures in the crypto sector are an important reminder that we...
India’s sinking holy town faces a grim future
Joshimath’s future is at risk, experts and activists say, due in part to a push backed by the prime minister’s political party to grow religious tourism in Uttarakhand, the holy town’s home state. On top of climate change, extensive new construction to accommodate...
Expected rise in strikes, riots and protests to test business resilience: Allianz
The heightened SRCC risk environment means businesses need to remain vigilant about the different threats such activity can pose. In addition to buildings or assets suffering costly material damage, operations can be severely disrupted, resulting in significant loss...
Scientists Model Lightning Strikes to Aircrafts, Could Optimise Design of Protection
Lightning strikes can damage the aircraft surface, lead to temporary disruptions in electrical and electronic systems or even cause permanent damage, and in extreme cases, cause ignition of the fuel-air mixture around the engine, leading to an explosion. Researchers...
India needs regulatory data protection to attract drug research: Novartis CEO
, Vasant Narasimhan,Chief Executive Officer,Novartis ''I think the next step is when you think about how we generate data and how protected that is in regulatory filings. India does not have regulatory data protection,'' he said replying to a query. Hyderabad: India...
China asks state-owned firms to phase out use of Big four auditing firms over data security
China is seeking to rein in the influence of the US-linked global audit firms and ensure the nation’s data security, as well as to bolster the local accounting industry, the people said. . Chinese authorities have urged state-owned firms to phase out using the four...
UNCDF partners with Howden to build climate resilience for vulnerable communities in Fiji
The flagship programme has developed and deployed the Pacific region’s first parametric microinsurance products in Fiji, Tonga and Vanuatu. Suva, Fiji: The UN Capital Development Fund (UNCDF) announced international insurance broker Howden as a new addition to its...
Shipping industry grapples with ways to cut cargo fires at sea
“The main root cause for cargo fires on container ships is the integrity of dangerous goods throughout the supply chain. Therefore it is a problem that can only be improved through industry wide solutions,” Maersk’s Aslak Ross said separately in a statement. Global...
$3.7 billion UK mass action against Facebook over market dominance rejected – for now
Meta Platforms Inc., the parent company of the Facebook group, faces a mass action brought on behalf of around 45 million Facebook users in Britain. London: Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion)...
Indian ESG-focused firms performed better than global peers: RBI
The findings suggested that the companies which have managed and disclosed their ESG related risks better are associated with higher stock prices compared to a larger set of listed companies which do not have such disclosures India ranks ahead of all the countries...