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PM Modi chairs high-level meeting to review preparedness for heat wave conditions this summer
Prime Minister also stressed upon awareness creation along with adequate preparation in hospitals. He also highlighted the need for quick detection and putting out forest fires New Delhi: Prime Minister Narendra Modi on Thursday chaired a meeting to review...
Lloyd’s announces Dawn Miller as new Chief Commercial Officer and CEO of Lloyd’s Americas
John Neal, Lloyd’s CEO said,“The Americas represents over 60 per cent of our market’s total premium and as we look to increase our presence, it is vital that we have the right people on the ground to deliver our ambitions. The appointment of Dawn and Marc to their new...
Panda to meet industry CEOs tom in Mumbai to review Bima Sugam and `Cashless Everywhere’ scheme
Debasish Panda,chairman,IRDAI Though, earlier, IRDAI had set a deadline of July 2024 for the Bima Sugam project to go live, observers point out delay in operation as the set of key components of this insurance electronic marketplace , including forming a...
Middle East on alert for Iranian attack as Lufthansa suspends Tehran flights
There was no immediate word from other international airlines that fly to Tehran. Iranian air space is also a key overflight route for Emirates' and Qatar Airways' flights to North America.Iranian Supreme Leader Ayatollah Ali Khamenei said Israel "must be punished and...
Apple warns of ‘mercenary spyware attack’ on users in India, 91 other countries
Mercenary spyware attacks are rare and vastly more sophisticated than regular cybercriminal activity or malware, according to the notification email. The iPhone-maker has sent threat notifications such as these multiple times a year since 2021, the notification email...
Europe’s wildfires in 2023 were among the worst this century, report says
Preliminary data for the first three months of 2024 show almost double the average number of fires, although these did not have major impact in terms of burnt areas According to the report, the wildfires produced some 20 megatonnes of CO2 emissions, equivalent to...
Ping An Insurance’s delayed trust repayment shows lingering property woes
Ping An Trust apologized on Wednesday to its customers for postponing the payment, and blamed the overall downturn in the real estate market. It said it is suing defaulted Chinese developer Zhenro Properties Group Ltd., and actively looking for ways to recoup...
Takeaways from the Swiss women’s climate victory
This is the first time a regional human rights court has ruled that countries can violate human rights by failing to reduce their climate-warming emissions fast enough.The Court said it interpreted the European Convention on Human Rights language on a right to private...
Boeing crisis of confidence deepens with 787 now under scrutiny
The latest allegations cast Boeing in an unfavorable light as it grapples with a crisis of confidence after the Jan. 5 panel blowout. While nobody on that flight was seriously hurt, the issue has put the spotlight on Boeing’s manufacturing and safety procedures and...
Super election year increases risks of political violence in many countries, warns Allianz
As unrest can now spread more quickly and widely, thanks in part to social media, financial costs from such events for companies and insurers are mounting. Economic and insured losses from just seven civil unrest incidents in recent years cost approximately US$13bn...
Fitch cuts China’s ratings outlook on growth risks
"The outlook revision reflects increasing risks to China's public finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model," Fitch...
IDF announces plans to facilitate investments in resilient infrastructure in emerging markets
Philipp Hildebrand, Vice Chairman of BlackRock, said,``“BlackRock is delighted to partner with a group of our most strategic insurance investors to help advance their objective of building greater resilience against climate change and other natural disasters in...
Global trade growth to rebound this year; geopolitical tensions pose downside risks: WTO forecast
WTO Director-General Ngozi Okonjo-Iweala said, “We are making progress towards global trade recovery, thanks to resilient supply chains and a solid multilateral trading framework, which are vital for improving livelihoods and welfare New Delhi: The global trade growth...
Equity mutual funds attract Rs 22,633 cr in March; SIP hit fresh high at Rs 19,187 cr
Systematic Investment Plan (SIP) monthly inflow rose to a fresh high of Rs 19,270 crore during the month under review from Rs 19,187 crore in February. Total SIP contribution stood at Rs 2 lakh crore, an uptick of 28 per cent over the previous year NEW DELHI: Equity...
Misleading ads by Patanjali: SC rejects unconditional apology of Baba Ramdev, Acharya Balkrishna
The Indian Medical Association has sought action against Patanjali for violation of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954 – which prohibits the advertisement of certain products for the treatment of specified diseases and disorders,...
US federal court orders Philips to restrict production of sleep apnea devices
The agreement followed the recall of millions of breathing devices and ventilators used to treat sleep apnea in 2021 because of concerns that foam used to reduce noise from the devices could degrade and become toxic, carrying potential cancer risks A US federal court...
Beware of deepfake of CEO recommending stocks, says India’s National Stock Exchange
"Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Ashishkumar Chauhan," the NSE said Mumbai: India's National Stock Exchange (NSE) on Wednesday cautioned investors against deepfake videos of its...
Majority customers surveyed admit facing cashback trap online: Report
Central Consumer Protection Authority (CCPA) has identified 13 types of "dark patterns" that amount to misleading advertisement or unfair trade practice or violation of consumer rights, including subscription trap, bait and switch, drip pricing, etc A majority of...