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Here is a masonry blog layout with no sidebarClimate change damage to infrastructure poses ‘huge’ financial risks
Disasters are causing average losses of $732 billion-$845 billion each year to infrastructure and buildings, equal to 14% of growth in global gross domestic product in 2022, estimated the Coalition for Disaster Resilient Infrastructure (CDRI) Climate-fuelled disasters...
Treasury’s Yellen says US overdependent on China for critical supply chains
U.S. Treasury Secretary Janet Yellen The U.S. would face national security concerns without a robust semiconductor sector of its own, she said, adding that last year's Chips and Science Act will help reverse that trend. U.S. Treasury Secretary Janet Yellen said on...
In Singapore, a certificate to own a car now costs $106,000
Singapore has a 10-year "certificate of entitlement" (COE) system, introduced in 1990, to control the number of vehicles in the small country, which is home to 5.9 million people and can be driven across in less than an hour To own a car in Singapore, a buyer must bid...
After NCLT snub, Torrent Investment once again knocks SC’s doors
In a fresh Letter of Urgency, Torrent Investment has stated that during the pendency of its appeals before the SC, the Committee of Creditors (COC) of Reliance Capital have not only conducted the second round of auction, but approved the resolution plan of IIHL and...
Nepal quake triggered Sikkim disaster? Scientists to find out
“Earthquake that hit Nepal might be a cause of flash floods in Sikkim. The lake was already vulnerable and was spread across 168 hectares. Its area has now reduced 60 hectares, so about 100 hectares of volume of water has breached the level,” a senior official at the...
Aon to acquire Prabodh Thakker’s Global Insurance Brokers
The combined capabilities of Global Insurance Brokers and Aon will allow us to better serve our clients across India in new geographies and industries. This acquisition will reinforce our commitment to helping our clients navigate volatility and make better decisions...
Parag Agrawal and team win $1.1 mn in legal fees from Musk’s X
Parag Agrawal, Former Twitter CEO According to the lawsuit, the trio alleged that Twitter has to pay them more than $1 million for legal fees they incurred while at the company to respond to queries by the Department of Justice and Securities and Exchange Commission...
Panic grips north India as four earthquakes shake Nepal in an hour
Within an hour, more than 70 felt reports related to this earthquake were received from Delhi, Uttarakhand, Uttar Pradesh, Bihar, Himachal Pradesh, Rajasthan and Punjab through the NCS website and mobile app. These reports indicated intensities ranging from I to III...
Flash flood in Sikkim; 23 army personnel missing
The water level increased drastically overnight, affecting the Dam site of the 510 MV NHPC hydroelectric power project near Dikchu village Gangtok: A sudden cloud burst over Lhonak Lake in North Sikkim has resulted in a flash flood in the Teesta River in Lachen valley...
Vivek Wadhwa’s new venture aims to use breath to detect cancer
Vivek Wadhwa, entrepreneur Vivek Wadhwa learned that breath may include compounds related to lung cancer, breast cancer and others. “I never thought that there was so much information in breath,” he wrote in an update to a handful of supporters in September. If the...
Amazon used a secret algorithm to raise prices: Report
“We once again call on Amazon to move swiftly to remove the redactions and allow the American public to see the full scope of what we allege are their illegal monopolistic practices,” an FTC spokesperson was quoted as saying. San Francisco: E-commerce giant Amazon...
BAGIC receives Rs1010 crore GST notice on reinsurance commission and coinsurance deals
The alleged demand and the impugned show cause cum demand notice pertains to non-payment of GST on the co-insurance premium accepted as follower in case of coinsurance transactions and non-payment of GST on re-insurance commissionaccepted on the reinsurance premium...
LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal
For assessment year 2012-13, the tax authority has imposed a penalty of Rs 12.61 crore, for 2018-19 Rs 33.82 crore, while Rs 37.58 crore for assessment year 2019-20, LIC said in a regulatory filing NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said that the...
Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia
The lessor under Japan's Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot's insurance related to 16 aircraft and their engines Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance...
Howden unveils a new brand
IPG Howden, Asia’s leading high net worth life insurance broker, renamed Howden Private Wealth London: Howden today unveiled a new brand as it brings together its global broking operations under one name. The rebrand follows Howden’s announcement in April that...
UK launches review of regulators, searching for post-Brexit advantages
"It's clear that the regulators that enforce the rules can also sometimes be a blocker to businesses, so our review will seek to root out the bad practices with the aim of making companies' lives easier and reducing costs for consumers" London: The British government...
US regulators settle with more firms over use of texts and WhatsApp
The settlements mark the latest enforcement actions in the SEC's two-year crackdown on Wall Street's use of unapproved messaging apps, which has so far resulted in more than $2 billion in fines Because companies do not surveil personal messaging channels, using them...
Bangladesh dengue deaths top 1,000 in worst outbreak
There is no vaccine or drug that specifically treats dengue, which is common in South Asia during the June-to-September monsoon season as the Aedes aegypti mosquito which spreads the disease thrives in stagnant water Dhaka: The death toll from Bangladesh's worst...