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Melting Mountain Glaciers- Catastrophic Flash Floods Risk Rises for Millions
The global population depends on the cryosphere – the 10% of the Earth’s land surface that’s covered in ice. But as more glacial lakes form and expand, floods and other risks are rising. A study published in 2024 counted more than 110,000 glacial lakes around the...
SEBI forms committee to review conflict of interest
"The objective of the high-level committee is to comprehensively review and make recommendations for enhancing the existing framework for managing conflict of interest, disclosures and related matters towards ensuring the high standard of transparency, accountability...
Sebi board allows investment advisers, research analysts to charge advance fees for up to a year
"In order to address those concerns, the board has decided that if agreed by the client, (IAs) and research analysts(RAs) may charge fees in advance up to a period of one year. Earlier, investment advisers IAs and RAs were allowed to charge advance fees for a maximum...
Investors’ wealth swells by Rs 27.10 lakh cr as mkts surge for 6th day
FIIs also increased their long positions in index futures, with the Long-Short ratio improving to 31.8 per cent, indicating a gradual shift towards optimism -- a factor that likely boosted sentiment in today’s session New Delhi: Markets investors became richer by Rs...
SEBI panel soon to work on conflict of interest rules for board members: Report
“We need to not only create trust of all stakeholders in us (SEBI) but we also need to maintain that trust. To that extent, we need to be more transparent, including on various other measures such as conflict of interest of the (SEBI) board and so on,” SEBI Chairman...
GIC Re slashes premium for Terrorism Pool by 10% from Apr 1
With a total premium of Rs 1655 crore, the claims ratio for IMTRIP was just 0.21 per cent in FY 24. Similarly, with a premium of Rs 1809 crore, the IMTRIP had a claim ratio of just 0.13 per cent in FY 23. Therefore, GIC Re and other members of the Pool had taken...
Shriram General wins court case in fraudulent motor claims case
The case also exposed a nexus between a hospital, police officials, and lawyers to claim motor vehicle accident insurance money by submitting forged documents, fraudulent certificates and medicine bills, Shriram General Insurance Company said in a statement New Delhi:...
FPI outflows ebb amid easing global concerns, optimism over Ukraine war
Last week, FPIs turned net buyers on two occasions, with a significant purchase of Rs 3,181 crore on March 21 and Rs 710 crore on March 19 The Indian equity market has witnessed a moderation in FPIs' selling pressure with the outflows narrowing to Rs 1,794 crore (USD...
Cars set to get costlier from April as automakers announce price hikes
"At the same time, OEMs(Original Equipment Manufacturer) are aware of high price sensitivity in the entry-level segments. Hence, are likely to be cautious in executing these hikes given the segment may see a revival, especially after the recent budget, which left more...
Heathrow airport reopens after blackout shutdown
The financial fallout from the day-long disruption may reach reach between $80 million and $100 million, factoring in costs related to accommodation, food and transportation, as well as broader operational impacts that include rerouting, schedule disruptions and...
AI turbocharging organized crime, EU Police agency warns
“Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating,” said Europol’s Executive Director Catherine De Bolle The European Union’s law enforcement agency cautioned...
Fast descent warning triggered on Delta jet that went belly-up on landing in Toronto
The plane hit the runway at a 50% greater descent velocity than the rate its landing gear was designed to absorb, according to a preliminary report from the TSB, an independent transportation safety agency A safety warning system went off in a Delta Air Lines regional...
MoF shortlists 5 GMs for selection of OIC CMD
The five names are Rekha Solanki, GM, OICL, Anjana Saxena, National Ijsurance Company, Chandra Aiyyar, GM, NIA, Sanjay Joshi, GM, UII, Sachindra Salvi, MD & CEO, GIC Housing Finance. New Delhi: The Ministry of Finance(Mof) has shortlisted...
Heathrow Airport fire has significant but manageable financial and operational implications
The cost of the impact could total around 20 million pounds ($26 million) a day, said Paul Charles, a travel consultant, with no guarantee that Heathrow will reopen on Saturday given the vulnerability of the airport’s power supply For travel insurers, “this...
Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal
Bajaj Finserv will spend Rs 13,780 crore to acquire the general insurance business and Rs 10,400 crore for the life insurance arm Mumbai: Shares of Bajaj Finserv continued to decline on Friday by falling 0.53 per cent during intra-day trade to Rs 1,842 on the National...
MS Amlin binds landmark Ukraine reinsurance facility
Under the scheme, MS Amlin has committed EUR 80 million in reinsurance capacity - rising to EUR 110 million - over five years to support war risk policies underwritten by three Ukrainian insurers: INGO, Colonnade, and UNIQA. The facility is backed by an EBRD...
Nadda asks MPs to ensure health check-up for all citizens in their constituencies every year
The minister said that ever since the campaign started, 35 crore people were screened, of whom 4.2 crore were detected with hypertension and 2.6 crore were found to be diabetic. Of the 29.35 crore people screened for oral cancer, 1.18 crore were detected with...
Regulatory breaches emerge as top risk for Asian Boards, Willis & Clyde & Co survey
While the risk of data loss and cyber-attacks remains among the top three concerns in Asia, health and safety risks have dropped three places from being the top concern in 2024 to fourth on the list this year. A notable exclusion from the top risks is climate change,...