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Foreign investors snap 5-month buying streak, pull out Rs 3,758 cr in July

V K Vijayakumar, chief investment strategist at Geojit Financial Services, said “The sentiments have been impacted by the higher tax on FPIs registered as trusts and association of persons. However, the main reason for the selling is the sharp slowdown in the economy particularly in segments like autos. Besides, the second quarter results from corporates have not been reassuring.”

Chubb innovates in marine insurance with instant shipment insurance

Currently, Chubb offers automated shipment insurance in Australia, Korea and Singapore. This allows traders, logistics service providers, carriers, and even insurance intermediaries to obtain an insurance quotation and bind cover within minutes. The process, previously characterized by endless paperwork and long turnaround time, is now seamless, quick, and available 24/7

Australia to police Facebook, Google with new watchdog office to protect privacy

Australian Treasurer Josh Frydenberg said the $5 billion fine slapped on Facebook in the United States this month for privacy breaches showed regulators were now taking such issues extremely seriously.

“These companies are among the most powerful and valuable in the world,” Frydenberg told reporters in Sydney after the release of a much-anticipated report on future regulation of the dominant digital platforms.

Harnessing India’s Youth Power:Running out of time

“India is not taking advantage of its demographic dividend,” said Satyaki Roy, an associate professor at the Institute for Studies in Industrial Development in New Delhi. “If you see the story of South Korea, Taiwan and other East Asian countries, there was a concerted effort by those governments to create the kind of human capital required for industry.”