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Heat Wave: Rising fatalities just a foretaste of what is to come
McKinsey Global Institute estimates that the lost labor from work in areas exposed to extreme heat, such as construction and agriculture, could put at risk up to 4.5% of India’s GDP by 2030 “Many places that need to have local heat action plans do not have one,” said...
Bupa backs 18 start-ups in sustainability and health drive
Iñaki Ereño, Group CEO,Bupa further networking opportunities to 18 global start-ups which are pioneering products aimed at tackling climate change in innovative new ways. Iñaki Ereño, Bupa’s Group CEO, said: “As a provider of healthcare services to millions of people...
HDFC Life ties-up with Aavas Financiers for selling insurance products
HDFC Life has tied-up with Aavas Financiers Ltd, a leading housing finance company to provide credit financing services. Customers of Aavas will now have access to a wide range of HDFC Life's insurance products including coverage for home loans and Loans Against...
Merger of HDFC with HDFC Bank effective from July 1: Deepak Parekh
The merger of the corporation with HDFC Bank will be effective July 1, Parekh said.HDFC vice-chairman and CEO Keki Mistry said that the stock delisting of the corporation will be effective from July 13 Earlier, IRDAI had approved HDFC Ltd's move to transfer its near...
IRDAI set to implement 1st phase of ‘Risk Based Supervision’ pilots from July
With a view to promote a ‘Principle based Regulatory regime’, foster ease of doing business and encourage proactive risk identification and management, the IRDAI has been working towards developing and implementing (RBS)framework for insurance sector in India, said...
ICICI Pru Life gets GST demand notice for Rs 492 cr
The insurer has confirmed that it received a show cause cum demand notice (SCN) from the Directorate General of GST Intelligence (DGGI), asking the company to show cause as to why a tax of Rs 492,06,48,296 pertaining to the period July 2017 to July 2022 should not be...
Australia regulator tells Medibank to set aside $167 mln after data breach
Medibank last year disclosed that a hacker stole the personal information of 9.7 million current and former customers and released the data on the dark web in one of Australia's biggest data thefts. At least three separate class action suits have been filed against...
APAC sees economic loss of $ 80 billion and $11 billion insured claims out of catastrophes and natural disasters in 2022
George Attard, chief executive officer, Reinsurance Solutions, Asia Pacific at Aon said, "The extreme weather in the region throughout the year highlights the continuing need to strengthen resilience by adopting effective adaptation and risk management strategies....
`Insurance Bill, 2023′: Govt drops major reform plans for Indian insurance sector
In a surprising development, The Insurance Bill, 2023,’ drafted by the department of financial services(DFS) and now may be ready to be presented in the monsoon session of the Parliament, has no mention of any proposals relating to much talked about new systems like...
Wife entitled for equal share in property, rules Madras High Court
The judge said the defendant woman being a homemaker, though she did not make any direct financial contribution, played a vital role in managing the household chores by looking after the children, cooking, cleaning and managing day-to-day affairs of the family without...
EPFO extends deadline to apply for higher pension till July 11
This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023. The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the...
Standard Life partners with TCS to revamp customer experience for European policyholders
With this partnership, TCS will set up a customer operations center in Germany, and a future-ready Life and Pensions Digital Platform for Germany and Austria, with capabilities to extend into other European markets FRANKFURT/ MUMBAI: Tata Consultancy Services (TCS)...
Fabrice Brégier appointed chairman of SCOR’s board of directors
Fabrice Brégier non-executive Chairman, SCOR The SCOR directors comment: “His wealth of experience at the head of major international groups and his in-depth knowledge of corporate governance are solid assets for SCOR, as the Group gains fresh momentum. He and Thierry...
Allianz Global Corporate & Specialty SE appoints a new CFO
Munich: Allianz Global Corporate Specialty SE (AGCS) has appointed Oskar Buchauer, currently head of Allianz Group Actuarial, Planning and Controlling and Group Chief Actuarya as new chief financial officer (CFO) to its board of management. With effect from September...
Will bring new vehicles that run on ethanol: Gadkari
“We are bringing new vehicles that will run entirely on ethanol. Bajaj, TVS and Hero scooters will run on 100 per cent ethanol," said Union minister Nitin Gadkari Gadkari said he would launch Toyota company’s Camry car in August, which will run 100 per cent on ethanol...
The next big advance in cancer treatment could be a vaccine
Drugmakers Moderna and Merck are jointly developing a personalized mRNA vaccine for patients with melanoma, with a large study to begin this year. The vaccines are customized to each patient, based on the numerous mutations in their cancer tissue After decades of...