“For us, ideas that would not respect territorial integrity of the...
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Risk Management
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Surging oil tanker insurance points to growing Black Sea chaos
Underwriters are now charging about 1% of the value of a ship for...
Global risks enter “Age of Competition” as geoeconomic tensions dominate 2026 outlook: WEF
Societal pressures remain deeply interconnected with these economic...
Impostor uses AI to impersonate Rubio, contact foreign and US officials
Marco Rubio US ,Secretary of State The misuse of AI to deceive people is likely to grow as the technology improves and becomes more widely available, and the FBI warned this past spring about “malicious actors” impersonating senior U.S. government officials in a text...
Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill
On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam on India's southern tip to Kochi had capsized. The incident had resulted in leaking fuel and releasing cargo, some of which contained hazardous material. NEW DELHI: India's southern state of Kerala...
Zurich Kotak General Insurance launches commercial insurance
Alok Agarwal, MD & CEO, Zurich Kotak General Insurance Alok Agarwal, MD & CEO, Zurich Kotak General Insurance, said, “The launch of our commercial insurance business is a key strategic pillar of our organization and reflects a year of building an...
Gadkari’s mega mobility plan: Hyperloop, electric buses, ropeways on fast track
Union Minister of Road Transport and Highways Nitin Gadkari said India’s transport sector is undergoing a major transition, with initiatives like tree bank, mobile-based driving tests, and flex-fuel engines by 11 leading automakers in the pipeline Ranchi: Union...
Centre asks states to crack down on manufacturers selling sub-standard helmets
"With over 21 crore two-wheelers on Indian roads, rider safety is paramount," the department said, adding that wearing a helmet is mandatory under the Motor Vehicles Act, 1988. New Delhi: The Centre has asked states to take strict action on manufacturers and retailers...
Navigating value shift: Indian businesses can unlock $9.82 trillion in economic activity by 2035, says PwC report
The PwC India’s report, ‘Navigating the value shift’, said mega trends such as climate change, demographic shifts and technological disruptions are creating new avenues for value creation that transcend traditional industry boundaries New Delhi: As the global economic...
India’s first weather derivative aims to protect farmers from weather volatility
Mrutyunjay Mohapatra, Director General, India Meteorological Department "On the real-time rainfall, they can find out whether it is as per the climatological trend or there is a deviation… Accordingly, there could be some decisions concerning agriculture as well as...
Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance
“BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions that make people’s everyday life easier,” Cara Morton, CEO Zurich Global Ventures said in the statement. Zurich Insurance Group AG agreed to...
Drones clear Mount Everest’s trash-covered slopes
Climate change is only adding to the urgency to clean Everest. Snow and ice are melting, exposing decades-old garbage that can contaminate waterways fed by the runoff and that flow down to villages below Human waste, empty oxygen cylinders, kitchen leftovers and...
NCDEX in partnership with IMD to develop country’s first weather derivatives
This Memorandum of Understanding (MoU), signed on June 26, lays the critical groundwork for the launch of India's first weather derivatives -- a long-anticipated market instrument designed to help farmers and allied sectors hedge against climate-related risks such as...