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South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest
“All the ingredients for a protest are in place — someone just...
A bank’s reputation, once established, becomes one of its most...
Digital ID verification checks to surpass 70 bn globally in 2024
Biometric verification methods are highly effective against these kinds of fraud, with liveness checks utilised to prevent spoofing New Delhi: The number of digital identity verification checks will surpass 70 billion in 2024, growing 16 per cent on the previous...
Freelancers, startups drive demand for co-working spaces in Bengaluru
Ashish Agarwal, Co-founder and CEO of Enzyme Office Space talking to IANS stated, "The rising demand for flexible offices in India, driven by changing work habits and the growth of startups and freelancers, has made Bengaluru the top city with 39 per cent of...
DGCA can act against noncompliance of pilots to aviation rules: Delhi HC
SNV Aviation Private Limited, which flies under the brand name Akasa Air, has sought a direction to the DGCA to take coercive action against pilots who failed to comply with the mandatory notice period requirements in terms of the CAR 2017 New Delhi: The Delhi High...
Britain proposes diversity and misconduct rules for financial firms
“Regulated firms and individuals should have no doubt that this represents a big shift in the way the FCA will monitor and potentially sanction those in the financial community,” said James Alleyne, a legal director at Kingsley Napley law firm London: Britain’s...
Can’t interfere in employment agreement between pilots Akasa Air DGCA to HC
The civil aviation regulator filed its written submissions in response to a plea by the fledgling airline which has said it was in a state of crisis following the sudden and abrupt resignation of 43 pilots, who left the airline without serving the mandatory notice...
India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra
A key driver in this transformation is likely to be the window of a demographic dividend that opened up in 2018 and will probably last till the 2040s, going by fertility and mortality rates,'' Reserve Bank Deputy Governor Michael D Patra said Mumbai: India will be a...
Talent war, rising costs causing Indian employers to rethink benefits strategy: WTW Survey
In India, employers see risk and insurance benefits (51 per cent), health benefits (51 per cent) and career, training and development (43 per cent) as the most important benefits in their portfolios ''Economic factors, a tough labour market and tight budgets are...
Global banks expand maternity benefits to retain women in India
Banks are hungry for talent in India. With US-China tensions growing, many global lenders are targeting the country, drawn by its fast-growing economy and burgeoning middle class Across India, global financial firms are expanding maternity benefits to include perks...
Ministry of Finance approves welfare measures for LIC agents and employees
Siddhartha Mohanty, chairperson, LIC, thanked finance minister Nirmala Sitharaman for extending the benefits of agents and employees of the corporation New Delhi: The Ministry of Finance today approved a series of Welfare measures for the benefit of agents and...
Global fears are feeding demand for re/insurance: Lloyd’s CEO
John Neal,Chief Executive Officer,Lloyd’s of London Rising inflation, recession worries, climate threats and geopolitical tensions are making individuals and businesses more wary of risks, according to the head of the insurance exchange. While in a normal year...