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Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024
Worldwide, the average cost of a data breach reached an all-time...
Green Banking: RBI to create Reserve Bank Climate Risk Information System
``Climate change is emerging as a significant risk to the financial...
EPFO interest rate better than other schemes, reflects today’s realities: FM in RS
Finance Minister Nirmala Sitharaman cited the comparative prevailing interest rates of other schemes saying Sukanya Samriddhi Yojana offers 7.6 per cent, Senior Citizen saving scheme (7.4 per cent) and PPF (7.1 per cent), while SBI's 5-10 year fixed deposits attracted...
31 pc of total office spaces in top 6 cities certified as green buildings: Report
Apart from offices, the concept of green buildings is now catching up in residential segments as well, and many developers are constructing such projects New Delhi: Nearly one-third of total office spaces in six major cities have been certified as green buildings, as...
Former Apple employee charged with defrauding tech giant $10 mn
San Jose: A federal criminal case unsealed Friday alleges that he exploited his position to defraud the company in several schemes, including stealing parts and causing the company to pay for items and services it never received A court has allowed the federal...
Govt focuses on the five-fold strategy to prevent Covid resurgence
"I would also like to emphasize that there should be continued focus on the five-fold strategy, i.e., Test-Track-Treat-Vaccination and adherence to COVID Appropriate Behavior," said Union Health Secretary Rajesh Bhushan New Delhi: With the resurgence of COVID-19 cases...
Meet the company where staff work less, but produce more
Microsoft gave its 2,300 Japan-based employees Fridays off in 2019, and said it saw productivity rise 40% When French company boss Laurent de la Clergerie decided to let his staff work a four-day week, on the same pay as before, he knew he risked hurting his bottom...
Women employees in hospitality industry face more work-life pressure than men: Study
At the group-level, stereotyping by colleagues, preconceived notions and paternalistic attitudes of bosses are a major hindrance to the women employees, while at the firm-level, lack of mentoring opportunities and gender stereotypes by employers pose a grave challenge...
Irda asks insurers to put details of health covers for transgender persons in public
Earlier, IRDAI had asked insurer to evolve a health insurance underwriting policy covering approach and aspects relating to offering health insurance coverage not only to standard lives but also to substandard lives Hyderabad: The insurance regulator IRDA has...
DCGI approves Themis Medicare’s VIRALEX® for Covid-19 treatment
VIRALEX is an immune-modulatory agent with broad-spectrum antiviral properties. It enhances both innate and adaptive immunity and strengthens the body's defense response to viral infections Enhances both innate & adaptive immunity and strengthens body's immune...
Howden M&A bolsters its Asia Pacific team to manage surging deal activity
There is a significant growth in demand for M&A insurance in APAC, with clients seeking to manage the transactional risks that arise in the course of M&A transactions There were 20,694 deals in APAC with an aggregate value of USD 1.193 trillion, up from 17,745...
Moderate hikes in motor 3rd-party premium likely in FY 2022-23
In a bid to promote environment friendly vehicles, the draft notification has proposed a 15 per cent discount for electric private cars, electric two wheelers, electric goods carrying commercial vehicles and electric passenger carrying vehicles There have no revisions...