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RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest rate cycles. They will also enable efficient pricing of derivatives that use bonds as underlying instruments,'' said Sanjay Malhotra,...
Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks
With increased instances of fraud in digital payments becoming a significant concern, this initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking...
RBI cuts repo rate by 25 basis points to 6.25%,first in nearly 5 yrs
Sanjay Malhotra,Governor,Reserve Bank of India The Monetary Policy Committee (MPC), which consists of three RBI and three external members, favoured a rate cut to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in...
Jan1 Renewals: Hannover Re’s Asia-Pacific premium growth remains modest
"Adequate prices and conditions continue to be indispensable for sustainable reinsurance protection. This is all the more true given that climate change and associated extreme weather events remain one of our greatest challenges. The wildfires around Los Angeles have...
ESG Backlash: Investors with 6 trillion euros warn EU not to weaken green rules
The warning coincides with mounting pressure from Germany and France, the European Union’s two largest economies, to scale back planned ESG regulations on concerns the requirements are preventing companies in the bloc from competing freely with their peers in the US...
India has received USD 1.16 billion in climate finance so far: Govt
Several measures, including the National Mission for Sustainable Agriculture, have been taken up to deal with the impact of climate change on agriculture, Union Environment Minister Bhupender Yadav New Delhi: India has so far received USD 1.16 billion for climate...
About 45 pc of people in Kerala at risk of lifestyle diseases Minister
A total of 2,03,506 people (2.03 per cent) were identified as being at risk of cancer and referred for further examination, while 39,889 people were referred for suspected oral cancer, 1,25,985 for breast cancer, and 45,436 for cervical cancer, Kerala Health Minister...
India ranks 3rd globally for LEED green building certification in 2024
Gopalakrishnan Padmanabhan, Managing Director – Southeast Asia & Middle East, GBCI, said, "India’s remarkable achievement of 370 LEED-certified projects in 2024 highlights the country’s steadfast commitment to sustainable development and climate action." New...
Boeing expects Indian, South Asian airlines to add over 2,800 jets in next 20 years
"People will have greater access to air travel, and the region's airlines will require a modern fuel-efficient fleet to meet increased demand over the next two decades," said Ashwin Naidu, Boeing's managing director of commercial marketing for India and South Asia New...
Shriram Life Insurance records a net profit of Rs 43 crore in Q3FY25
Total premium income increased by 21 per cent to Rs 1,151 crore during the quarter under review, compared to Rs 841 crore in the corresponding period last year Chennai: Shriram Life Insurance Company recorded a net profit Rs 43 crore for the third quarter-...
New law in the works for safe, orderly migration
Underlining the need to spread awareness about safe migration, the the Parliamentary Committee on External Affairs, chaired by Congress MP Shashi Tharoor, has recommend that the “Ministry should collaborate with local civil society groups, media outlets in the most...
Google ends diversity goals for its workforce in Trump era
Google’s move comes after US President Donald Trump made it clear that he wants to root out diversity, equity and inclusion from corporations and the federal workforce. He has asked government agencies to identify companies and other organizations that should be...
Aon names Terence Williams Head of Commercial Risk Solutions for Asia Pacific
He previously held several senior roles at Aon including CEO, South Africa, chief broking officer, Sub Sahara Africa, and head of casualty, UK Singapore: Aon plc, second largest international broker, today announced the appointment of Terence Williams as head of...
Year begins with warmest January despite shift towards cooling La Nina
"The fact that we're still seeing record temperatures outside of the influence of El Nino is a little surprising," said Samantha Burgess, Strategic Lead at the European Centre for Medium-Range Weather Forecasts, which runs the C3S service BRUSSELS: Last month was the...
Australia bans DeepSeek AI services from all government systems and devices
Home Affairs Minister Tony Burke said in a statement Tuesday that all DeepSeek products, applications and services would be removed from government systems on national security grounds effective immediately Australia has banned DeepSeek AI services from all government...
Automobile retail sales rise 7% in January, PV segment up 16%: Fada
"Our observations indicate that each vehicle category --2W, 3W, PV, tractor and CV-- witnessed positive momentum, pointing toward sustained consumer confidence and steady market recovery. Inventory levels have improved, dropping by around five days to 50-55 days," the...
Govt expands quality compliance requirements for over 150 products
The BIS will oversee the implementation of these orders, and the list covers a diverse range of products including vacuum cleaners, stainless steel utensils, and massage appliances. New Delhi: The government has expanded quality compliance requirements by mandating...
RBI likely to cut repo rate by 25 basis points for 1st time in 5 years
The potential rate cut is coming after the domestic rate-setting panel has kept the policy repo rate unchanged for the last 11 consecutive meetings -- after raising it by 250 bps between May 2022 and February 2023 New Delhi: The Reserve Bank of India (RBI), in all...