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Zolve raises $251 million in its latest equity and debt financing round
The neo bank, which was launched in 2021 and has over 750,000...
Bima Sugam and Bima Vahaks poise to revolutionise country’s insurance penetration: NIA Chief
l to r-Sushama Anupam, General Manager(GM), New India...
Co-WIN platform will be used for transparent organ, blood donation says Dr RS Sharma
"Nobody knows if there is any person nearby who can donate the blood. We will put everybody on this blood donation platform which can become an extremely dynamic blood donation platform. Through Co-WIN you can see which vaccines are available, likewise for blood, you...
Japan’s ‘Famtech’ technology focussing on female employees health
Tokyo: Companies in Japan are introducing "Famtech" or "Female technology under which, attention is being paid to the health of female employees and not just to the superficial beauty. This initiative is undertaken by the Ministry of Economy, Trade and Industry in...
China’s digital yuan extends usage into finance scenarios
Transactions using e-CNY totaled 87.6 billion yuan at the end of 2021, with 261 million individual e-wallets opened, according to the central bank The People's Bank of China is a front-runner in developing and issuing a central bank digital currency (CBDC), which in...
Big tech’s financial services play poses systemic concerns like overleverage: RBI Governor Das
Shaktikanta Das,Governor,RBI The entry of firms like Google, Amazon, and Facebook (Meta), referred to as big tech companies, also poses question marks around competition and data privacy. Das said deploying harsh recovery methods like calling up at odd hours or using...
Global M&A: With optimism headwinds persist in wake of COVID-19 Pandemic, Aon study
Average enterprise values on deals with insurance increased worldwide: in Asia, the average deal had an enterprise value of $516 million, up 157% on 2020; LONDON: Aon plc has released the latest edition of their global M&A Risk in Review Opens in a new tabreport....
Kotak General Insurance partners with PhonePe to offer motor insurance
Kotak Mahindra General Insurance (Kotak General Insurance) has partnered with PhonePe Insurance Broking Services Pvt. Ltd (PhonePe), India’s leading digital payments platform to offer motor insurance to 380 million customers on the PhonePe platform. Suresh Agarwal,...
From crypto Picassos to frozen anthrax: Swiss Re scans horizon for emerging risks
The security of the new digital financial economy is also facing new risks. With quantum computing, for example, a new generation of computers is on the verge of completing tasks far beyond the reach of current machines These hyper-smart technologies offer significant...
Nearly 70% of car crashes linked to ‘self-driving’ in US were Tesla: Report
The report mentioned that out of 392 crashes, 273 were Tesla vehicles using Autopilot or the Full Self-Driving (FSD) beta. Honda cars were tied to 90 incidents, while Subaru models were involved in 10. Other makes, including Ford, GM, VW and Toyota, had five incidents...
Gen Z, millennials and Gen X all basically agree on work from home
A recent study by consultants McKinsey & Co. found that workers aged 18 to 34 were 59% more likely to leave than 55- to 64-year-olds if their employer didn’t offer a hybrid work arrangement During the early days of the pandemic, the narrative was that...
Ant Group to revive IPO as Beijing eases crackdown
Billionaire and Alibaba founder Jack Ma The company’s stock market listing was hastily shelved at the behest of Beijing in November 2020. At the time, it was slated to be valued at around $315 billion and planned to raise $37 billion, which would have been a world...