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India automobile retail sales declined 8% in October: Industry data
Commercial vehicles are looking at a strong November, with festive and construction activities enhancing demand, alongside anticipated financial schemes However, the passenger vehicle segment is navigating through a tricky phase. Festive days might spike bookings, yet...
South Korea bans short selling in stocks citing economic uncertainties
"Despite a series of measures introduced in the past, recently, the authorities have discovered a number of illegal naked short selling practices conducted by foreign and institutional investors, raising concerns about the fair pricing function of domestic stock...
Delhi: Poor air quality affects mental development of children, say health experts
Dr Neeraj Kumar Gupta, Head of Pulmonology Department at Safdarjung Hospital said that due to the increase in the level of PM 2.5, there is a risk of skin and heart-related diseases and it also has a bad effect on the lower respiratory system. Not only this, but...
Govt blocks Mahadev app, 21 other illegal betting platforms on ED request
"Ministry of Electronics and Information Technology (MeitY) has issued blocking orders against 22 illegal betting apps & websites, including Mahadev Book and Reddyannaprestopro," the statement said. New Delhi: The Centre has issued blocking orders against 22...
Delhi’s air quality dips to ‘severe plus’ again, strictest curbs under pollution control plan kick in
Unfavourable meteorological conditions combined with vehicular emissions, paddy straw burning, firecrackers and other local pollution sources contribute to hazardous air quality levels in Delhi-NCR during the winter every year New Delhi: Stringent curbs, including a...
Earthquake of magnitude 3.1 jolts Manipur’s Churachandpur
Earlier in the day, an earthquake of magnitude 3.6 jolted Uttar Pradesh's Ayodhya at 1 am, according to the National Center for Seismology (NSC) New Delhi: An earthquake of magnitude 3.1 jolted Manipur's Churachandpur on Sunday evening. According to the National...
AI should be guided by principles of safety, trust for users : MoS IT
''We have maintained that AI should be guided by principles of safety & trust for users, and accountability for platforms,'' Minister of State for Electronics and IT Rajeev Chandrasekhar said at the summit. New Delhi: Minister of State for Electronics and IT...
World Bank signs financing agreements to strengthen Nepal’s health system
The program emphasizes improving the readiness of the health system for delivery of quality healthcare, enhancing coverage of health insurance, and strengthening health emergency preparedness and response capacity at the selected provincial and local levels Kathmandu:...
China basic pension fund posts 0.33% investment gain in 2022
The basic pension fund manages a total 1.62 trillion yuan by the end of 2022, and has posed an annual average gain of 5.4% since the end of 2016, when the national social security fund started to manage the pension's investment The basic pension fund managed by...
Nepal earthquake kills at least 128, toll could rise, officials say
Officials feared the death toll in Friday's quake could rise as they had not been able to establish contact in the hilly area near the epicentre, some 500 km (300 miles) west of the capital Kathmandu, where tremors were also felt. The district has a population of...
New Delhi blanketed by toxic haze, most polluted city in world
Many of the capital's 20 million residents complained of irritation in the eyes and itchy throats with the air turning a dense grey as the AQI hovered around 480 in some monitoring stations New Delhi: India's capital New Delhi was blanketed by a thick layer of toxic...
India debut 50-year bond fully sold on increasing insurer demand
The nation’s burgeoning life insurance and pension fund industries, driven by an expanding middle class, are changing the landscape for India’s $1 trillion sovereign debt market. India’s yield curve has been nearly flat even amid record borrowing by the government as...
Australian companies, directors face new liability for nature-based risks
Directors could be held personally liable for breaching their “duty of care and diligence” under the Australian Corporations Act by not identifying and disclosing nature-based risks. The most egregious violations of director duties can carry large fines or lead to...
Crypto market shows signs of revival after FTX’s disastrous collapse
After peaking at $3 trillion in November 2021, the value of the overall crypto market plummeted through 2022, hitting a two-year low of $796 billion as FTX imploded. It has since clawed back some ground, hovering above $1 trillion most of this year. As of Thursday,...
Q3 InsurTech investment surpasses USD1 billion on P&C surge
With wealthy backers writing enormous checks, InsurTechs could ignore the importance of loss ratios or customer retention. They – and their investors – could instead focus on metrics like growth and divergence and miss the extremely important lessons that ultimately...
Paucity of funds for counselling Kerala Police officials led to 69 suicides in past 4 years: Report
As per the study conducted between January 2019 to September 2023, those who died by suicide include civil police, senior civil police, grade sub inspectors and one station house official Thiruvananthapuram: Paucity of funds to implement a counselling system for...
Aon brings together UK and EMEA regions with Julie Page as CEO
“As we continue to go further, faster with our 3x3 Plan to accelerate our Aon United strategy, operating as one united region will simplify our organizational structure to be even more responsive to client need and create further opportunities for our colleagues,”...
Zurich Insurance to pick up 51% in Kotak General Insurance for $488 million, to raise its stake by another 19% in future
·Zurich will acquire an additional stake of up to 19% over time. It is anticipated that this transaction will represent the largest foreign insurer investment in the Indian insurance sector since the regulatory changes allowing majority foreign ownership came into...