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Govt searches Aviva Life insurance office for alleged tax evasion-sources
The Aviva searches are part of a broader investigation involving many insurers who face allegations of at least $610 million in unpaid dues, a senior Indian government official, said. New Delhi: India's tax inspectors searched the office of British insurance giant...
Bank of England to deepen system-wide stress test for banks, insurers and pension schemes in 2024
The Bank wants to see how market players cope when there are huge demands for liquidity, such as meeting extra margin calls on positions in a short time. London: The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
Ukraine export corridor freight costs reverse brief rise
As a result of the Russian attack, sea freight rates rose $20 a tonne and the number of shipowners willing to load in Ukrainian ports decreased, Spike Brokers, which tracks and publishes export statistics in Ukraine, said on Telegram early on Friday Freight costs for...
World’s biggest bank ICBC forced to trade via USB stick
The incident spotlights a danger that bank leaders concede keeps them up at night — the prospect of a cyberattack that could someday cripple a key piece of the financial system’s wiring, setting off a cascade of disruptions. Even brief episodes prompt bank leaders and...
Critically ill British girl taken off life support dies – family lawyer
Gregory suffered from a rare, incurable and degenerative mitochondrial disease which meant that her cells did not produce enough energy Indi Gregory, an eight-month-old critically ill baby girl from Britain who was taken off life support on the weekend, has died...
Airlines bound by promised delivery date given by their agents: SC
A bench of Justices A.S. Bopanna and P.S. Narasimha said that an agent of Kuwait Airways had promised that the goods shall be delivered within one week but the shipment was delivered after one-and-a-half months, adding that “there was negligent delay in the delivery...
India ranks second in global estimates of diabetes
According to healthcare professionals, the culture of eating out, industrialisation, migrating to urban areas and other relevant factors make Indians more susceptible to diabetes. Hyderabad: It is estimated that 422 million people live with diabetes across the world...
Lloyd’s of London SPAC venture scrapped due to volatile markets
Following a frenzy of deals in the early days of the COVID-19 pandemic, SPACs have lost popularity as they struggle to find businesses to merge with. Others have seen lackluster stock performance after acquiring a target Financials Acquisition Corp. said Monday it...
Climate Risks: The role Indian financial sector regulators have to play
There is a growing recognition that even if governments are the most influential agency for climate change, central banks and financial sector regulators are going to become the major stakeholders because financial institutions play a key role in intermediation and...
90 pc organisations say generative AI will help add new lines of biz over 12 months: PwC
The report also revealed that in 2024 cyber investments are expected to increase to 14 per cent, up from 11 per cent in 2023, highlighting the growing importance of cybersecurity in organisations' overall strategies New Delhi: As many as 90 per cent of the...
Over 1,100 people killed till October 31 this year in road accidents: Delhi Police data
The officer further said that to tackle road accidents, Delhi Traffic Police has implemented various measures, including addressing reckless driving and drunken driving, establishing an effective enforcement mechanism, conducting real-time data analysis, enhancing...
ACKO launches cover for cricket fans
General insurer ACKO has launched a product, `100 Over Insurance' ,for cricket fans that covers all personal injuries suffered during the match. Priced at just Rs 100,this product provides insurance cover for fans against any sort of personal injuries while watching...
Tokio Marine Holdings launches disaster prevention & mitigation subsidiary
Tokio Marine Resilience will promote comprehensive disaster prevention and mitigation solutions through planning, developing and providing new services Tokyo: Japanese major Tokio Marine Holdings, Inc. (TMHD”) has announced the establishment of a 100 per cent owned...
Why is South Asia the global hotspot of pollution?
Experts say that the problem lies in a lack of coordination on pollution control efforts between the countries. Dust particles can travel hundreds of kilometres, studies say, transcending national boundaries and impacting countries other than those in which they...
Kerala startup launches AI-driven digital health kiosk to ‘bridge gap between detection and healthcare’
Founder of Versicles Technologies Kiran Karunakaran said the company aims to revolutionise the way individuals access basic health checks, bridging the gap between early detection and professional healthcare Kerala-based startup has launched a first-of-its kind...
Nations to develop mechanism for use of digital sequence information on genetic resources
Digital sequence information(DSI) is a placeholder term to refer to data derived from de-materialised genetic resources. It includes nucleic acid sequence data and potentially other data such as protein sequence data. DSI is crucial to research in a wide range of...
Oriental Insurance H1 losses fall sharply to Rs41 crore from Rs3,587 crore, may turn profitable in FY23-24: RR Singh
RR Singh, CMD, Oriental Insurance Company, admitted that the company aims to be profitable in FY 24 despite having many of the complex financial problems like lack of capital and required solvency New Delhi/Mumbai: After years of heavy losses and despite having severe...
Investors interest in Gold ETFs surges; attract Rs 841-cr in Oct
''With the ongoing geo-political tensions, fear of continued hike in interest rates in the US, inflation still higher than expectations, and growth rate slowing down, the appeal of Gold as a safe haven and hedge against inflation is expected to continue,'' Melvyn...