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Surveillance and testing for Covid-19 scaled up: ICMR NIV Director
Rajiv Bahl, DG, ICMR "The government and health agencies are closely monitoring COVID-19 cases and taking necessary steps. Currently, the number of active cases is low, and most cases are limited to southern and western India. The government is focusing on three key...
Govt to meet stakeholders to assess impact of Iran-Israel conflict on India’s trade
According to think tank GTRI, any closure or military disruption in the Strait of Hormuz would sharply increase oil prices, shipping costs, and insurance premiums, triggering inflation, pressuring the rupee, and complicating India's fiscal management. New Delhi: The...
Bajaj Allianz General launches state-wise health insurance policies tailored to regional needs
Pune: Pune based Bajaj Allianz General Insurance, has unveiled a pioneering initiative -- the 'State-wise Health Insurance Policy', a first-of-its-kind health insurance product thoughtfully tailored to address the distinct healthcare realities of each Indian state. By...
Israel-Iran conflict spreads into cyberspace and crypto
“Most disruptive and destructive cyberattacks are about influence and psychological impact rather than practical impact,” said John Hultquist, chief analyst at Google’s Threat Intelligence Group. “That’s why a lot of them involve an effort to publicize the incidents...
Iran-Israel Attacks: Insurance costs jump for ships sailing in Persian Gulf
Underwriters are now charging 0.2% of the value of a ship for calls into the Gulf, up from 0.125% prior to the conflict breaking out, according to Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the largest insurance broker. Rates have also...
Air India warned by DGCA for flying Airbus planes with unchecked escape slides
In the report, the Directorate General of Civil Aviation said spot checks in May on three Air India Airbus planes found that they were operated despite mandatory inspections being overdue on the "critical emergency equipment" of escape slides NEW DELHI: India's...
“IndiaFirst Life is progressively becoming a multi-channel distribution player in the industry.”
Varun Gupta, President & Chief Distribution Officer (CDO) – Bancassurance, IndiaFirst Life Though role of Bancassurance has grown significantly in the Indian life insurance industry, IRDAI, Insurers and banks need to continue to work together to enhance customer...
Boeing 787’s emergency-power system likely active before Air India crash, WSJ reports
The preliminary finding raise questions about whether the plane's engines functioned properly during takeoff, the report said. The Dreamliner was fitted with GE Aerospace's GEnx engines. Investigators believe the Air India Boeing Dreamliner had its emergency-power...
Sitharaman asks fintechs to find solutions to prevent digital arrests, cyber frauds
Nirmala Sitharaman, Finance Minister Speaking at the Digital Payments Awards 2025 Ceremony , Sitharaman said it is important to ensure that startup companies come up with solutions so that people are not arrested at home digitally, or fly by night operators don't take...
Air India crash: Centre issues draft rules to tighten control over physical obstructions
Property owners must submit key details, including site plans and structural dimensions, within 60 days of receiving the notice. Non-compliance could trigger enforcement action, including demolition or trimming of the structure New Delhi: In a key step after the...
Battery Ventures invests in Descartes Underwriting
“Over the past six years, Descartes has established itself as the leading parametric insurance business for climate-related risks, remaining true to our scientific approach to risk transfer.''Tanguy Touffut, CEO and co-founder PARIS: Descartes Underwriting, a major...
China exploring options to open up a wider range of financial areas: Financial regulator
Total assets under foreign banks and insurance institutions in China have exceeded 7 trillion yuan ($974.01 billion), Li, director of the National Financial Regulatory Administration, told the Lujiazui Forum, a high-profile financial gathering China’s financial...
Nuclear-powered ships may reshape trade with cleaner, faster transport, to pose problems for insurance
Commercial insurance companies won’t provide coverage for ship that runs on fission because the potential cost of a nuclear accident is simply too high. Without insurance, few civilian ports would allow a nuclear-powered cargo ship to dock The commercial shipping...
Florida focused insurtech Slide plans to $340 million US IPO
Slide and some of its existing stakeholders are looking to raise up to $340 million by offering 20 million shares priced between $15 and $17 each, the company revealed in a filing on Monday. Insurance tech company Slide is aiming for a valuation of up to $2.12 billion...
ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the fallout from climate change as a financial risk that has the potential to threaten bank solvency. That’s in contrast to the Federal Reserve, with Chair Jerome Powell recently stating that climate isn’t...
Israel-Iran Conflict: War risk insurance premiums for shipments to Israel spurt
Individual underwriters will price risk and rates differently, but this will add tens of thousands of dollars of extra daily costs for every voyage War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between...
Term Insurance: Women’s preferred financial product
Bajaj Allianz Life Women Term Survey highlights a significant shift in financial priorities - with children’s future, education expenses, and health surfacing as top concerns. Term insurance emerged as the preferred financial product for women to secure their child’s...
Strengthen password update software question the unusual Google cybersecurity pro on online safety
Heather Adkins, Vice President of Engineering, Google Security Reports show a significant surge in cyber fraud, with scammers leveraging advanced techniques like AI-generated content, deep fake videos, and voice cloning to create highly convincing fraudulent schemes....