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FPIs pulled out Rs 10,355 cr from equities in last 4 trading sessions on US tariffs
"The potential for a full-blown trade war could have far-reaching...
Tanker barred from India transferring its Russian oil at sea, sources say
However, port authorities last week barred the more than...
Volatile markets, US lawsuits, ESG issues and SPACs create new risks for managers:Allianz
“The actions and culture of organizations and their directors and officers are coming under heightened scrutiny from a wide range of stakeholders, with litigation risk a primary concern,” says Shanil Williams, Global Head of Financial Lines at AGCS London/New...
Global insured Cat losses rise to USD 112 billion in 2021, the fourth highest on record: Swiss Re
The two costliest natural disasters of the year were both recorded in the US. Hurricane Ida wreaked USD 30 – 32 billion in estimated insured damages,including flooding in New York, and winter storm Uri caused USD 15 billion in insured losses, ”In 2021, insured losses...
Widely used software with key vulnerability sends cyber defenders scrambling
The vulnerability, known as Log4j, comes from a popular open source product that helps software developers track changes in applications that they build. It is so popular and embedded across many companies' programs that security executives expect widespread abuse....
Investors push world’s top chemicals companies over hazardous substances
The move by 23 investors including Aviva Investors and Storebrand comes as regulators toughen rules around their use and as analysts warn some companies could face billions of dollars in associated clean-up and compensation costs. In a letter to the world's 50-biggest...
PM Modi’s Twitter handle ‘compromised’, promptly secured
Prime Minister Narendra Modi's Twitter handle was "very briefly compromised" and was secured later after the matter was escalated to the micro-blogging site, Prime Minister's Office (PMO) informed on Sunday. New Delhi: Twitter on Sunday clarified that it took...
India to be among a few economies to rebound strongly; impact of Omicron to be less severe: Finmin report
''India is among the few countries that have recorded four consecutive quarters of growth amid Covid-19 (Q3, Q4 of FY21 and Q1, Q2 of FY22) reflecting the resilience of the Indian economy. The recovery was driven by a revival in services, full-recovery in...
Bank deposit insurance cover increased to Rs 5 lakh, refund within 90 days: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal "The most important thing is that earlier it used to take nearly 10 years, now it has been ensured that the day on which the Reserve Bank of India decides to shut down the bank, the sum of Rs 5 lakh will be refunded...
Deal or no deal, insurance rates soar to cover M&A boom
Potential buyers take out insurance to protect against issues such as misrepresentation by a target of its performance or order book, while sellers buy cover to ensure a clean exit. The M&A insurance market has risen to more than $5 billion from less than $3...
Major outage hits Amazon Web Services; many sites affected: Report
More and more these outages end up being the product of automation and centralization of administration,said Doug Madory, director of internet analysis at Kentik Inc, a network intelligence firm . This ends up leading to outages that are hard to completely avoid due...
IMF, 10 countries simulate cyberattack on global financial system
Rahav Shalom-Revivo, head of Israel's financial cyber engagements, said international collaboration between finance ministries and international organizations "is key for the resilience of the financial eco-system." JERUSALEM: Israel on Thursday led a 10-country...