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FPIs take out Rs 58,711 cr from equities in Oct, DIIs come to the rescue of stock market
The major trend in foreign portfolio flows in October, so far, has been the sustained selling by FPIs. This trend of FII selling and DII buying is likely to sustain in the near-term, the analysts added Mumbai: Foreign investors turned net sellers in October,...
Bridge Specialty International completes acquisition of Singapore-based Acorn International Network
Tim Coles, Chief Executive Officer of Bridge Specialty International, said: “This acquisition establishes us in the Singapore insurance market, further expanding our Asia presence and enabling us now to build a leading wholesale and specialty hub in the region. David...
US sanctions Indian company for involvement in ‘Ghost Fleet’ transporting Iranian oil
Under the sanctions imposed on Gabbaro, all property and any in which it has interests are frozen in the US and this applies also to persons or entities with more than 50 per cent interest in the company, the State Department notification said New York: The United...
Ancient humans were so good at surviving last ice age they didn’t have to migrate like other species – new study
Populations of the same species that live in different places often have different genetics to each other. More recently scientists have studied how climate change has altered the distribution of these genetically distinct populations of species Humans seem to have...
All 140 aboard Trichy-Sharjah Air India Express flight safe; DGCA orders probe
The aircraft, after experiencing a technical snag, circled for more than two hours before landing. Following the landing, the Directorate General of Civil Aviation (DGCA) grounded the aircraft and ordered a probe, said sources Tiruchirapalli: All 140 passengers on the...
Darbhanga Bagmati express collides with a stationary goods train near Chennai ,19 injured
"It was not supposed to stop here (Kavarapettai station), so it was to pass through it. After leaving Chennai, green signals were given for this train. The driver was following the signals correctly, but the train should have taken the main line. Instead, it took the...
Jude Gomes appointed as MD & CEO of Ageas Federal Life Insurance
Jude Gomes, managing director & Chief Executive Officer, Ageas Federal Life Insurance Jude Gomes said, “We will establish new benchmarks and strengthen our position in India's insurance landscape. I look forward to our new journey of growth and success - together...
AM Best upgrades GIC Re’s rating, assesses its business profile as favourable
AM Best upgraded GIC Re's Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) Singapore: After downgrading GIC Re's rating four years ago, AM Best on Friday has upgraded it that will...
Bots sharing Star Health data removed; actively monitoring any recreation: Telegram
Last month, Star Health had sent a legal notice to Telegram, accusing it of hosting chatbots that shared the leaked data, the statement said, adding that Telegram has consistently maintained its stance on data privacy and cooperation with the investigation New Delhi:...
‘Severe’ solar storm arrives at Earth
This storm could impact ongoing recovery efforts for hurricanes Helene and Milton in several critical ways, including communication disruptions, power grids stress, and degraded GPS services, according to NOAA Los Angeles: A powerful solar storm arrived at Earth on...
Hurricane Milton leaves at least 10 dead, millions without power in Florida
More than 3 million homes and businesses in Florida were without power on Thursday morning, according to PowerOutage.us. At least some had already been waiting days for power to be restored after Hurricane Helene hit the area two weeks ago. Hurricane Milton plowed...
Milton’s insured losses will range from $30 billion-$50 billion: Fitch
Milton will push global industry insured losses thus far in 2024 to over $100 billion, which is the fifth consecutive year losses have crossed this threshold. This heightened level of catastrophe losses will likely limit any potential for rate declines in property...
Indian MF industry’s average asset under management up 2.97 pc in Sep
The SIP flows continue to back the Indian growth story. Contributions crossed the Rs 24,000 crore mark for the first time "We have seen a 10 per cent drop in overall net inflows into the equity mutual fund schemes from Rs 38,239 crore to Rs 34,302 crore," said Deepak...
Vehicle insurance, pension coverage up in India’s rural households
As per the survey, "the proportion of individuals exhibiting sound financial behaviour - such as managing money effectively, making informed financial decisions, tracking expenses, and paying bills on time — also increased from 56.4 per cent to 72.8 per cent during...
Catastrophe bonds dodge worst-case scenario after Milton
Overall, Icosa Investments AG now sees insured losses in the range of $20 billion to $60 billion, meaning cat-bond investors look to be facing a maximum hit of 4%. On Wednesday, before Milton landed, Icosa warned that a direct hit to Tampa threatened to cause insured...
Allahabad HC grants over Rs 23 lakh as enhanced compensation to accident victim
"The Claims Tribunal had also failed to consider that on account of 100 per cent disability, the marriage prospects of claimant-appellant were substantially damaged and the claimant-appellant is subjected to frustration, disappointment, discomfort and inconvenience...
World’s rivers faced the driest year in three decades in 2023, the UN weather agency says
“Water is the canary in the coalmine of climate change. We receive distress signals in the form of increasingly extreme rainfall, floods and droughts which wreak a heavy toll on lives, ecosystems and economies,” said WMO Secretary-General Celeste Saulo, releasing the...
Lloyd’s of London must stop supporting fossil fuel expansion says NGO
“Lloyd’s will continue to follow government policy and regulatory requirements globally, while remaining committed to support an urgent and orderly just transition and remain agile in response to external shocks,” the emailed statement said. London: The Lloyd’s of...