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Iran war leaves global companies facing $25 billion losses
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion – and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States,...
Governments lead Asia’s $100 billion climate resilience push
Climate adaptation is slowly being seen as a potential target area for private investors rather than simply a government responsibility, particularly with expectations that projects and services aimed at bolstering resilience will post strong growth in coming decades....
Motherhood & Financial Planning: Securing every stage of life with confidence
A strong financial plan is not built only around protection. It must also account for wealth creation,continuity of income and long-term financial stability across changing life stages Vikas Gupta, Chief Product Officer, ICICI Prudential Life Insurance Company...
Iran announces launch of new regulatory body to manage Strait of Hormuz
It was not immediately clear what the new body would do but earlier this month Iranian English-speaking broadcaster Press TV said it constituted a "system to exercise sovereignty over the Strait of Hormuz" and that ships passing through the strait were sent...
Falling fertility sparks push for more children in India
The country’s total fertility rate (TFR), the average number of children per woman, declined to 2 in the 2019/21 government assessment period, down from 3.4 in 1992/93, due to increasing use of contraceptives and rising education among females. A rate of 2.1 is...
Govt asks state-run banks,insurance firms to cut costs, shift to EVs
Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said. NEW DELHI: India's finance ministry directed...
Liberty Mutual increases stake in Liberty General Insurance to 74% in India
Matthew Jackson, president, Liberty International Insurance APAC, said, “India remains an important market for Liberty Mutual as we build our business across Asia Pacific, supported by strong fundamentals and significant opportunity for growth. Increasing our...
Aon expands Aon Claims Copilot globally, Strengthens Data and Analytics capabilities across commercial risk
Joe Peiser, CEO of Risk Capital at Aon "Aon Claims Copilot represents our continued commitment to deliver better information, advice and solutions to clients through technology,By integrating these capabilities into how we manage claims, we are equipping our...
Climate Adaptation & Resilience in Asia: Pricing Risk,Financing Solutions
By 2030, Asia will account for around 75% of the global climate adaptation and resilience(CA&R) financing gap, and Asian companies are projected to bear around US$336 billion in annual climate costs. The Centre for Impact Investing and Practices (CIIP), in...
AI turning vital to healthcare, need to prepare doctors to use it responsibly:NMC chairperson
"This is not about turning a doctor into a technologist. It is about ensuring that every doctor understands what AI can and can't do, can interpret AI output critically, use AI safely in clinical practice, and maintain independent clinical judgement," he said. New...
West Asia Conflict:Reshaping India’s insurance, risk and financial ecosystem
There is a visible increase in demand for war risk, political risk and transit insurance. Indian businesses are deeply integrated into global supply chains today. A disruption in one region can delay shipments, increase costs or even close operations entirely. As a...
US delegation explores India’s expanding nuclear sector
The SHANTI Act replaced the Atomic Energy Act of 1964 and the Civil Liability for Nuclear Damage (CNLD) Act of 2010. The CNLD Act had tougher liability provisions on nuclear suppliers which global companies found to be an impediment to exploring the Indian market. New...
Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub
Rafal Modrzewski, CEO and co-founder of ICEYE The company's satellite constellations currently serve sectors ranging from defence and intelligence to insurance and emergency management. Demand for ICEYE's technology has surged amid rising global geopolitical tensions,...
Commenting on the development, Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, said, "We are delighted to welcome Prudential Plc as the controlling shareholder of Bharti Life, further accelerating its growth trajectory. Prudential's experience and...
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UK’s Prudential buys 75% in Bharti Life Insurance for Rs 3,500 crore, to reduce stake in ICICI Pru Life to below 10% from 22%
Anil Wadhwani, CEO, Prudential There is potential additional consideration payable of up to ₹700 crore ($78 million) by Prudential in Bharti Life deal, dependent on the fulfilment of certain conditions. Anil Wadhwani, CEO, Prudential, said, “India is a strategically...
Drone strike targets UAE’s Barakah nuke plant complex, triggers electrical generator fire
In an official public update released on X, Abu Dhabi's media office confirmed that emergency teams successfully managed the situation on the ground. The statement reassured the public that no injuries were reported and there was no impact on radiological safety...
Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case
The court, in the judgment passed on Saturday, ordered that the entire fine amount of ₹30 lakh, once recovered, be paid as compensation to the woman, a resident of Thane in Maharashtra. Thane: A Thane court has sentenced a financial advisor to two years rigorous...