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Probe into EY India’s office after worker’s death finds it lacked labour welfare permit
EY faces scrutiny in India over the death of audit executive Anna Sebastian Perayil, which her mother blamed on a "backbreaking" workload in a letter to EY India's chairman NEW DELHI: An Ernst & Young (EY) office in western India, which employed a 26-year-old who...
20TH SIRC: Singapore Dy PM Gan Kim Yong to deliver keynote address
“With the strong line-up of panels and a dynamic meeting agenda fostering robust debate, we are excited to bring the global industry together for yet another year to shape the future of the reinsurance industry,'' Marc Haushofer, Chair of the SRA Singapore: The...
Businesses in APAC taking longer to convert working capital into cash, affecting liquidity: Aon
According to the report, the average days receivable for Asia Pacific companies for year ending 2023 was 71 days. Although a small increase from 2022, an increase in days receivable reflects a decrease in working capital availability and indicates slower collection of...
Zurich Kotak General Insurance to scale up its commercial insurance portfolio, Ajey Hegde to head the unit
Sean Walker, Head of Commercial Insurance & Chief Technical Officer, APAC, said, “As Indian businesses continue to grow, Zurich Kotak is well-positioned as a key risk management partner, helping commercial customers better understand and navigate current and...
Goyal asks realtors to ensure guaranteed ESIC, PF registrations for 7 cr people working in sector
Piyush Goyal,Union Commerce and Industry Minister "I urge you to kindly think about this in very serious terms… can we ensure a guaranteed ESIC and provident fund registration of all these 70 million workmen and women (working in this sector)," Goyal told real estate...
Audit bodies must address growing risks of privacy breaches, social exclusion: CAG Murmu
Girish Chandra Murmu, Comptroller and Auditor General of India "Whether during the pandemic, in the fight against climate change, or in advancing the Sustainable Development Goals (SDGs), the role of Supreme Audit Institutions(SoIs) in preserving integrity and...
MSIG Insurance launches health policy to cover Parkinson’s disease and Alzheimer’s disease in Singapore
A patient afflicted with dementia is estimated to incur $1.6 million in expenses if the individual survives for 10 years.3 Without CI plans to mitigate medical inflation, ongoing treatments for critical illness may be beyond the means of average Singaporeans...
The Global Accelerator on Jobs and Social Protection for Just Transitions brings together government and United Nations (UN) agencies in the Philippines to develop a roadmap on supporting decent work and social protection. Initially, the roadmap will focus on the...
Mercedes Benz fire incident may slow down EV transition in South Korea
Although batteries are a critical component in electric cars and can pose serious safety risks if not properly manufactured or managed, automakers have so far kept the identity of their battery suppliers confidential, not just in Korea but around the globe. A...
Thousands of fires are burning in the drought-wracked Amazon
Climatologists have warned for decades that events like this year’s would come to pass. Droughts in the last two decades have become much more severe and much more common. The last year — the hottest on record globally — brought Brazil’s extremes to a new level Much...
Environmental activist ClientEarth sues Germany over pesticides use
The group said in a statement Germany was not complying with the 2009 Sustainable Use of Pesticides Directive. The EU law should have been in force across the 27-member by 2011, but the reality has been patchy implementation, the group said Environmental activist...
InGovern raises concern over delay in AGM; Religare term the report manipulative
Responding to the report, Religare Enterprises chairperson Rashmi Saluja said, "The report is manipulative in nature and is a malicious attempt to hurt the credibility of the company and its leadership. We are compliant with all laws and regulations and continue to...
AB PM-JAY: World’s largest government-funded health insurance scheme in six years of launch
J.P. NaddaUnion Health Minister Ayushman Bharat has become a lifeline today, with more than 60,000 patients getting free treatments daily and crores of families getting 'insulated' from exorbitant medical expenses New Delhi: Ayushman Bharat has become a lifeline...
MGU Fidelis Partnership concludes $2bn refinancing transaction led by Blackstone for business growth
The MGU plans to expand in the Middle East, Africa, Asia and Latin America, all of which have increasing demand for specialist (re)insurance solutions, enhanced by Lloyd’s licensing and TFP’s new Abu Dhabi office PEMBROKE, Bermuda: The Fidelis Partnership (“TFP”), a...
French reinsurer CCR Re changing name to Arundo Re from next Jan 16
CCR remains a minority partner with a 25 per cent stake in the reinsurer. The deal allowed CCR to help make CCR Re fully autonomous and to implement an industrial and social project. CCR has a put option and would be able to sell its residual interest in 2026 Paris:...
ICAI opposes proposed changes by NFRA in auditor responsibility for firms
The NFRA’s proposed change stems from the alleged audit failures at companies like Reliance Capital Ltd., Coffee Day Global Ltd., Dewan Housing and Finance Ltd. and IL&FS Group where a “mechanical reliance was placed by the principal auditor on the work of the...
Watching, mere storage of child pornography a crime: Supreme Court
The judgment authored by Justice J.B. Pardiwala suggested that the Parliament should seriously consider substituting the term “child pornography” with “child sexual exploitative and abuse material” (CSEAM) and in the meantime, the Union government may bring an...
EY-employee’s death: Experts say ‘compassion’ can reduce such incidents; demand specific policy
Stress cannot be avoided but it can be managed. In the corporate world stress is a part of our life…We need to understand how to react to that…We are the solution makers itself…" Associate Consultant at Tata Consultancy Services (TCS), Nikhil Badgujar said Pune: As...