With these, the total outflow by FPIs has reached Rs 1.42 lakh...
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BIS cracks down on e-commerce giants over non-certified products
The standards authority has issued notices to major e-commerce...
UK police charge Russian captain involved in U.S. tanker ship crash
The 59-year-old Vladimir Motin was captain of the...
LIC, GIC Re, New India continue to be systematic important insurers, need extra supervision: IRDAI
Domestic systemically important insurers(D-SIIs) are already being subjected to enhanced regulatory supervision as the continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy On Thursday, the...
Extreme weather events cost the world billions in 2021, shows study
Worryingly such climate devastation is set to continue without action to cut emissions. Insurer Aon warns that 2021 is expected to be the sixth time global natural catastrophes have crossed the $100 billion insured loss threshold. All six have happened since 2011 and...
Phishing victim can’t claim $5 mln loss for money it never ‘held’
The scammers used the log-in credentials to divert about $10 million in payments. However, RealPage quickly detected the swindle and notified Stripe, which was able to stop payment or recover nearly $4 million RealPage reimbursed its client property managers for the...
Omicron variant may double risk of getting infected on planes, says IATA
As before, passengers should avoid face-to-face contact and surfaces that are frequently touched, and people sitting near to each other should try not to be unmasked at the same time during meals,said David Powell, physician and medical adviser to the International...
Qatar Airways takes Airbus to court in A350 jet safety dispute
The row widened this month when documents seen by Reuters revealed at least five other airlines located in varying climates had complained about paint or other surface problems since 2016. Airbus has until recently maintained the problem was focused on paint on...
Omicron’s global spread prompts renewed lockdowns, delayed reopenings
The Omicron variant was first detected last month in southern Africa and Hong Kong and so far has been reported in at least 89 countries More than 274 million people have been reported to be infected by the coronavirus globally since the pandemic began and more than...
ICAI to soon get powers to act against erring partnership firms
As part of efforts to bolster the disciplinary mechanism of the ICAI as well as the institutes of cost accountants and company secretaries, Corporate Affairs Minister Nirmala Sitharaman on Friday introduced a bill in the Lok Sabha to amend the Acts governing these...
Biden’s highway safety pick vows to reduce US traffic deaths
An estimated 38,680 people were killed in traffic crashes in 2020, the most since 2007 in USA , even though total miles driven dropped at the beginning of the pandemic. In the first three months of 2021, 8,730 people died in motor vehicle traffic crashes, a 10.5%...
Fitch downgrades Sri Lanka’s sovereign rating to ‘CC’
''The downgrade reflects our view of an increased probability of a default event in coming months in light of Sri Lanka's worsening external liquidity position, underscored by a drop in foreign-exchange reserves set against high external debt payments and limited...
France says facial recognition company Clearview breached privacy law
The CNIL stressed that Clearview's collection of publicly-available facial images on social media and the Internet had no legal basis and breached European Union rules on data privacy. France's data privacy watchdog CNIL has ordered Clearview AI, a facial...