MARISKS on Monday issued an alert warning shipowners that unknown...
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Middle East Conflict: Consequences for Asian construction industry
Geopolitical risk is becoming structural rather than episodic....
Fire doused at HPCL Rajasthan Refinery, Re/insured by Oriental Insurance and Swiss Re
The refinery-cum-petrochemical complex, which was scheduled to...
Tiger Global SC ruling to prompt fgn investors to reassess holding structures: Tax experts
"The ruling reinforces the significance of the anti-avoidance framework and substance-driven treaty interpretation. Taxpayers should re-assess their existing arrangements in light of the principles laid down by this decision," Grant Thornton Bharat Tax Partner Richa...
Black Sea war insurance rates jump after tanker attacks, sources say
``Black Sea war rates were extremely volatile and were changing on a daily basis.Right now, they are spiking due to a number of incidents, and we wouldn’t be surprised to be quoted in excess of 1%, dependent on the vessel’s value, ownership or proposed port of call,,...
Natural Disasters in 2025: Alarming rise in floods, severe convective storms and wildfires
Tobias Grimm, Munich Re’s Chief Climatologist: “A warming world makes extreme weather disasters more likely. Given that 2025 was another very warm year, the past 12 years have been the warmest on record. The warning signs persist. Indeed, under the prevailing...
Russian-bound tanker hit by drone in Black Sea, maritime sources Say
In late November, shipping insurance rates rose after Ukrainian naval drones hit two Russia-bound tankers in the Black Sea, incidents that prompted Moscow to threaten retaliation and Ankara to urge calm. Another vessel, Russian-flagged, said in early December that it...
China urges Nestlé SA to work quickly in recalling baby formula products
While Nestlé has yet to tally the total cost of the global recall, it does not expect a significant financial impact. The affected batches represent significantly less than 0.5% of annual group sales, Nestlé said. However, some analysts are estimating a potentially...
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance to Crans-Montana and a business liability insurance for “Le Constellation.” Both policies are “standard products” and the sum insured is limited, AXA’s Swiss unit said in a statement With flags...
Gold, silver prices hit fresh highs amid global uncertainties
Spot gold price surged 1.45 per cent at $4,575.82 an ounce, after hitting a fresh record high of $4,601.17 level. Silver prices gained 4.85 per cent to touch $83.19, after hitting a record high of $83.88.The surge to fresh record highs was supported by rising...
India to deepen engagement with Singapore-based ship safety agency
Overall, ReCAAP engagement with the law enforcement agencies has been good and a successful arrangement is in place for ships to sail through Asian waters safely, though the weakest point is still the Straits of Malacca and Singapore (SOMS), where sea robberies have...
India tightens crypto noose:Live selfies geo-tagging now mandatory for users
The updated guidelines new Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, issued on January 8 , classify crypto exchanges as Virtual Digital Asset (VDA) service providers who will now have to do more than just allow simple document uploads. New...
Grok AI obscene content issue: X accepts mistake removes 600 accounts assures compliance
Earlier, the government had asked X for details, including specific action taken on obscene content linked to Grok AI, and measures to prevent a repeat in future, after it found the response submitted by the platform to be inadequate New Delhi:Microblogging site X has...