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Here is a masonry blog layout with no sidebarClimate change could cut global income by 19 pc in 25 years finds study
The countries least responsible for climate change are predicted to suffer income loss that is 60 per cent greater than the higher-income countries and 40 per cent greater than higher-emission countries. They are also the ones with the least resources to adapt to its...
Cargo owners may bear portion of damages from Baltimore Bridge disaster
General average is a maritime legal concept usually written into bills of lading or other contracts signed among parties to shipping transactions. It revolves around the principle of shared sacrifice and dates back to ancient times, before insurance, when ships often...
Clean up begins after at least one dead in heavy UAE rain, floods
Climate scientists say that rising global temperatures, driven by man-made climate change, is leading to more extreme weather events, including intense rainfall like the UAE storm DUBAI: - Authorities and communities across the United Arab Emirates were clearing...
Global property insurers see ‘alarming’ losses as risk models lag, report says
"Accurate risk prediction and pricing are becoming increasingly challenging and leading to insurability concerns," Anirban Bose, Capgemini financial services strategic business unit CEO, said in the report LONDON: Global property and casualty insurers showed...
ICICI Lombard General net profit rises 19% to Rs 520 crore in Q4 FY 24
The company’s combined ratio has improved to 102.2 per cent in Q4 FY2024 as against 104.2 per cent in Q4 FY2023 Rakesh Jha, executive director, ICICI Bank has been appointed as the non-executive chairman of the company, with effect from June 30, 2024, after...
Small-cap mutual funds’ assets soar 83 pc to Rs 2.43 lakh crore in FY24 on retail investor boom
The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.9 crore in March 2024 from 1.09 crore a year ago, adding an investor base of 81 lakh. This shows investors' inclination for small-cap funds New Delhi:...
SC defers to July 30 hearing on if change in law needed in regimes on grant of driving licences
A five-judge constitution bench headed by Chief Justice D Y Chandrachud adjourned the matter after Attorney General R Venkataramani submitted a note indicating that the consultations carried out by the Ministry of Road Transport and Highways have culminated in...
UNFPA report reveals 24% of India’s population is under 14 years old, totaling 144 crore
The segment aged 10-24 is estimated to constitute 26 per cent, with the 15-64 age group making up 68 per cent. Additionally, 7 per cent of India's population is aged 65 years and above, with men having a life expectancy of 71 years and women 74 years New Delhi: UNFPA...
Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis
As per them, mutual fund investments surged by a whopping 86 per cent, insurance payments have seen a significant 56 per cent growth and trading experienced a 62 per cent jump in value in 2023-24. "With this, we witnessed the emergence of a new India. One that is...
India to remain global growth driver in foreseeable future: IMF executive director
Krishnamurthy V Subramaniam, executive director of the International Monetary Fund (IMF) Asked where India stands amid the current global economy, he responded, "I think India will continue to be the driver for global growth in the foreseeable future. The maximum sort...
Environment climate change gain prominence in manifestos but experts question follow-through
"It's crucial that environmental issues are not relegated to the bottom of the priority list, especially given the pressing concerns of air pollution and the climate crisis. This is particularly important as India is home to 83 of the 100 most polluted cities in the...
Broker Howden launches Red Sea cargo war insurance as ship risks surge
Howden said the new product was the "first dedicated insurance coverage of its kind to protect cargo vessels within an active conflict zone, which encompasses the Bab al-Mandab Strait, the Red Sea, and the Indian Ocean" LONDON: Howden has started offering war risk...
Middle East crisis: Civil aviation ministry asks airlines to carry out risk assessment on flight ops
Civil Aviation Secretary Vumlunmang Vualnam on Tuesday said that airlines have been asked to make their own risk assessment with respect to their flight operations New Delhi: Amid escalating tensions in the Middle East, the civil aviation ministry has asked airlines...
RBI issues draft guidelines on payment aggregators
The RBI said that given the growth in digital transactions and the significant role that PAs play in this space, the current directions on PAs are proposed to be updated and cover, inter alia, KYC and due diligence of merchants, operations in Escrow accounts, and...
Aditya Birla Capital to scale up life and health insurance business: Kumar Mangalam Birla
Kumar Mangalam Birla, chairman,Aditya Birla Group ``Our Health Insurance business is one of the fastest growing Standalone Health Insurance players driven by a unique ‘Health-first’ model. It also raised capital in FY23 from a marquee sovereign wealth fund, ADIA. This...
U.S. cyber insurance maintains strong profits; premium growth slows
Chicago/New York: Favorable cyber underwriting results are partly due to prior large increases in premium rates. Insurers are also being more careful in cyber risk selection and the underwriting process. They are requiring that customers maintain proper cyber hygiene...
IMF raises India’s growth projections from 6.5% to 6.8 %
India set to remain fastest growing among major economies in 2024, IMF projects Washington: India is set to remain as fastest growing among major economies in 2024, according to International Monetary Fund's latest World Economic Outlook. IMF, in its latest outlook,...
Breast cancer to cause a million deaths a year by 2040 Lancet commission
Globally, breast cancer cases will increase from 2.3 million in 2020 to more than 3 million by 2040, with low- and middle-income countries being "disproportionately affected", the commission estimated New Delhi: Breast cancer is now the world's most common...