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Aon appoints its Asia CFO Rishi Mehra as India chief
Rishi Mehra, India chief, Aon Working closely with Jon Pipe, CEO and principal officer of Aon India Insurance Brokers and Nitin Sethi, CEO of Aon Consulting Private Limited, Mehra will bring together the collective capabilities across Risk, Health,Wealth and Talent...
UN chief appeals for greater support for small islands fighting climate change
“We must have stronger support from the international community - what we call climate justice - which means adequate financing at low cost, quickly decided, in order to allow for all these works that we have been seeing to protect the island against the sea, and...
Rising interest rates prompting more people to go in for term deposits:RBI Data
''Rising return on term deposits has been driving the compositional shift in bank deposits: the share of term deposits in total deposits increased to 60.3 per cent in December 2023 from 57.2 per cent in March 2023,'' it said New Delhi: Rising interest rates seem to be...
Spending on paan, tobacco, intoxicants increased in last one decade, says Govt Survey
The survey also stated that spending on beverages and processed food has increased to 10.64 per cent in urban areas in 2022-23 from 8.98 per cent in 2011-12. New Delhi: Consumption of paan, tobacco and other intoxicants has increased with people spending a bigger...
Social media platforms need Govt nod to launch AI models in India
"It is reiterated that non-compliance to the provisions of the IT Act and/or IT Rules would result in potential penal consequences to the intermediaries or platforms or its users when identified, including but not limited to prosecution under IT Act and several other...
ICMR study shows COVID vaccine not responsible for heart attacks: Mansukh Mandaviya
Union Health Minister Mansukh Mandaviya According to a peer-reviewed ICMR study that came out in November last year, vaccines administered for COVID-19 did not increase the risk of sudden death among young adults in India but it was the post-Covid hospitalisation,...
Alok Rungta appointed as MD &CEO of Future Generali India Life Insurance
Alok Rungta, Managing Director & CEO designate,Future Generali India Life Insurance With an extensive background spanning over two decades in the insurance industry’s diverse markets, Alok is currently the deputy CEO and CFO of the company. Before this, he held...
India eliminates extreme poverty: Brookings article
Report said India should now graduate to a higher poverty line, which would then provide an opportunity to redefine existing social protection programs in order to give greater support to the genuine poor New Delhi: India has now officially eliminated ‘extreme...
Strong GDP growth, weak monsoon drove up India’s energy-related carbon emissions in 2023: IEA
''In India, strong GDP growth drove up emissions by around 190 Mt. But a weak monsoon increased demand for electricity and cut hydro production, contributing around one-quarter of the increase in its total emissions in 2023. Per capita emissions in India remain far...
App delisting cannot be permitted: Minister Vaishnaw on Google-Indian startups row
"I have already called Google…I have already called the app developers who have been delisted, we will be meeting them next week. This cannot be permitted..This kind of delisting cannot be permitted," IT and Telecom Minister Ashwini Vaishnaw asserted New Delhi: Taking...
India to see warmer summer, more heatwave days this year: IMD
More heatwave days than normal are predicted over northeast peninsular India -- Telangana, Andhra Pradesh and north interior Karnataka -- and many parts of Maharashtra and Odisha, it said New Delhi: India is likely to experience a warmer summer and more heatwave days...
Only grain ships from Black Sea and for Iran still crossing Red Sea
“Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea, the only exception is vessels going to Iran, they’re still taking the Red Sea route when shorter.All vessels we are tracking going from the Black Sea to Asia...
AI: Firms face growing list of lawsuits
Elon Musk,CEO, Tesla Elon Musk became the latest power player to sue OpenAI, alleging the company and its chief executive officer, Sam Altman, have strayed from their original mission by prioritizing profit over the benefit of humanity. Artificial intelligence firms...
Telangana govt rejoins PM Fasal Bima Yojana scheme to safeguard farmers
A Revanth Reddy,Chief Minister, Telanngana ''The state government adopted the Pradhan Mantri Fasal Bima Yojana (PMFBY) again to safeguard the farmers from the hardships in farming,'' a state government release said Friday night Hyderabad: The Telangana government has...
Sebi clears Fairfax-backed Digit’s IPO after delay
Prem Watsa, CEO, Fairfax Financial Digit now plans to market its IPO to prospective investors over the next month and targets a listing by May, said a person with direct knowledge of the matter It plans to raise Rs 12.5 billion rupees ($151 million) through its...
AM Best’s first ever credit ratings for ICICI Lombard, affirms financial strength rating of B++ (Good)
Although the company’s five-year average combined ratio was 104.8%, it has consistently outperformed the domestic general insurance market in India SINGAPORE: Announcing its ratings for the first ever Indian private sector general insurance company, international...
12.5 mn children, teens in India obese in 2022: Lancet study
The impact of issues such as climate change, disruptions caused by the COVID-19 pandemic, and the war in Ukraine risk worsening both rates of obesity and underweight, by increasing poverty and the cost of nutrient-rich foods," said Guha Pradeepa, study co-author from...
LIC pays Rs 2,441 crore as an interim dividend to government
From (Lto R), Siddhartha Mohanty, chairperson handing over a cheque of Rs Rs 2,441.44 crore to Nirmala Sitharaman, finance minister, as an interim dividend to the government. Vivek Joshi, Secretary, Financial Services and M P Tangirala, additional secretary,...