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Bajaj Allianz General unveils retail parametric cover for climate risks
L to R -Alpana Singh, Head - Bancassurance, Agri and Govt Business, Bajaj Allianz General Insurance (BAGIC),Kripan Ghosh, Deputy Director General and Head, Agricultural Meteorology Division, Climate Research and Services, IMD Pune, Tapan Singhel, MD & CEO,BAGIC at...
Large number of Indians quit pursuing career goals due to hurdles: Study
According to the 60 per cent that were covered in study aren't familiar with AI, and only 31 per cent have tried any Generative AI tool Around 61 per cent of Indians who participated in a survey shared that they stopped pursuing a professional or creative goal after...
Foreign investors returning to Indian equity markets in April
This month (till April 24), FPIs purchased equities worth Rs 22,716.43 crore while they sold equities worth Rs 17,196.33 crore, with net investment of Rs 5,520.1 crore New Delhi: Foreign investors have made a notable return to Indian equity markets this month,...
Amazon India to provide free health checks-ups to over 80k delivery partners
Announcing the expansion blueprint of the initiative, the company said the medical camps are conducted by Marsh and Care Insurance and provide essential health services, including eye examinations, dental check-ups, BMI assessments, and general physician consultations...
Airspace curbs: DGCA issues advisory to airlines on passenger handling steps due to longer flights
Airlines have to ensure that all passengers are proactively informed about the change in routing due to airspace restrictions and revised total expected travel time (departure to arrival), the regulator said New Delhi: Aviation watchdog DGCA on Saturday issued an...
UK polluting water bosses face up to two years in prison
The new measure delivers on the government’s promise to bring tougher criminal charges against lawbreakers in the water industry, UK’s Department for Environment, Food & Rural Affairs said in a statement. It’s essential “because some water companies have...
Britain’s M&S stops taking online orders after cyber attack
“Our experienced team – supported by leading cyber experts – is working extremely hard to restart online and app shopping,” the company said on X, apologizing for the inconvenience and stating that its stores remained open.Some M&S International operated websites...
171 million Indians lifted out of poverty in a decade: World Bank
The five most populous states--Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh--accounted for 65 percent of the country's extreme poor in 2011-12 and contributed to two-thirds of the overall decline in extreme poverty by 2022-23.Nevertheless, these...
Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re
Swiss Re's Chief Underwriting Officer Casualty Laure Forgeron said: "The global motor insurance market is both dynamic and rapidly evolving. At this moment, the introduction of new tariffs will have a material impact by increasing repair costs and putting supply...
Delhi plans to curb gasoline car sales, ban gas-guzzling bikes to shed polluter tag
The primary objective "is to unlock the next phase of EV adoption, reduce air pollution and contribute to India's energy independence and net-zero targets," the draft stated.the policy document says, no new sales of gasoline, diesel and gas-based two-wheelers will be...
SBI Life’s net profit almost remains flat at Rs 814 crore in Q4FY25
Amit Jhingran, MD & CEO of SBI Life stated, ``With a 12% growth in Individual Rated Premium, SBI Life outperformed industry growth of 10.5%. SBI Life has stepped into its 25th year. The company’s 3 key strengths – a highly effective distribution network, one of...
Safety assessment rating for trucks, heavy vehicles on lines of Bharat NCAP soon: Gadkari
The road transport and highways minister Nitin Gadkari further said the government is already working on standards and safety assessment system for battery-operated e-rickshaw's in the country as they suffer from safety issues New Delhi: The Ministry of Road Transport...
3 more Russian insurers seek India’s nod to provide cover for oil tankers
The move comes as growing scrutiny of Russia's oil supply chain by Washington and the European Union, including compliance with a price cap set by G7 for the use of Western ships and insurance, makes it increasingly difficult for Moscow to export its oil.India has...
Renewable Energy: Nat Cat and unmodelled extreme weather risks emerge as a defining challenge
A new report by GCube Insurance calls for action from insurers, developers, and financiers to close the global renewables risk management gap. This will involve enhancing data accuracy through updated Nat Cat modelling, optimising asset design to withstand emerging...
US Treasury’s Bessent urges IMF, World Bank to refocus on core missions
"The IMF was once unwavering in its mission of promoting global monetary cooperation and financial stability. Now it devotes disproportionate time and resources to work on climate change, gender, and social issues. These issues are not the IMF's mission."U.S. Treasury...
World’s biggest companies cause $28 trillion in climate damage: Study
Everybody's asking the same question: What can we actually claim about who has caused this? said Dartmouth climate scientist Justin Mankin, co-author of the study. And that really comes down to a thermodynamic question of can we trace climate hazards and/or their...
IMF slashes global outlook as White House says trade talks pick up pace
With tariffs on goods coming into the world’s No. 1 economy now at their highest in a century, the IMF projects global growth in 2025 will slow to 2.8%—its poorest showing since the COVID-19 pandemic—from 3.3% in 2024 Worldwide economic output will slow in the months...
Cybercrime costs rose to at least $16 billion globally in 2024, says FBI
The losses—a one-third increase over 2023—were largely driven by low tech scams, such as would-be investors swindled out of money online, or company employees tricked by deceptive emails into wiring large sums to criminals’ bank accounts. Tech support and romance...