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Zurich Insurance Group in talks to buy up to 51% stake of Kotak General Insurance for $400 million
Kotak, which is a relatively smaller general insurance player, is holding stake sale talks as it hopes to get an investor who can help them “turn around the business and grow faster”. Mumbai: Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General...
EU orders Google to break up digital ad business over competition concerns
It's the first time the bloc has ordered a tech giant to split up keys of business. The European Commission, the bloc's executive branch and top antitrust enforcer, said that its preliminary view after an investigation is that only the mandatory divestment by Google...
Emerging Risks: From frozen Arctic to hacking AI
Patrick Raaflaub, Swiss Re's Group Chief Risk Officer, said: "The concurrent increases in economic interests, environmental change and geopolitical tensions make the Arctic a hotbed for emerging risks and potential risk accumulation. With SONAR, we aim to proactively...
Putin says Russia thinking of ditching grain deal due to West’s ‘cheating’
Vladimir Putin, President, Russia "We are thinking about getting out of this grain deal now," Putin told a meeting of Russian war correspondents and military bloggers. "Unfortunately, we were once again cheated - nothing was done in terms of liberalising the supply of...
IRDA asks industry players to strictly comply with norms on reporting of `Cyber Security Incident’
All regulated entities are directed to scrupulously follow the provisions regarding reporting of incident to IRDAI and Cert-In. Further, the regulated entities are required to submit available details of `Cyber Security Incident' to the regulator in an enclosed format...
19 injured in gas leak at Tata Steel plant in Odisha’s Dhenkanal
"A total of 19 patients from Tata Steel's Meramandali plant in Dhenkanal were brought here. They have all suffered burns," Dr Subrat Jena, Ashwini Hospital, Cuttack said Cuttack: As many as 19 workers sustained burn injuries following an accident reported at a blast...
Italy to pass ‘right to be forgotten’ law for cancer survivors – PM
Giorgia Meloni,Prime Minister, Italy According to campaigners, there are more than 900,000 cancer survivors in Italy who may face difficulties when taking out insurance or a loan, or applying for adoption, because of their health history The proposals would allow...
Mental Health: You’re not alone
Declining mental health is a longer-term trend, and it’s likely work demands have also played a role. Research identifies three main workplace contributors to mental ill-health: imbalanced job design when people have high job demand yet low job control, occupational...
40 pc cancer cases caused by tobacco, alcohol, pan masala; no clue in 20 pc cases: Expert
"The maximum number of patients of breast cancer and cervical cancer are found in women in urban areas. Cervical cancer patients are found more in rural areas than breast cancer patients. A unique gall bladder cancer occurs only in people residing near and on the...
Study suggests adherence to global health recommendations lowers risk of cancer
Approximately 40 per cent of all cancers are linked with modifiable lifestyle factors - such as physical inactivity, tobacco use, living with obesity, a poor diet, and alcohol intake, suggesting many cases are preventable. Researchers found people who follow global...
India to remain among fastest growing large economies in 2023: RBI Governor
Shaktikanta Das,Governor,Reserve Bank of India RBI Governor made the remarks at the opening plenary address of Summer Meetings organised by Central Banking, London, UK today. "…India's growth in the last few years is mainly driven by robust domestic demand, especially...
SAT stays Irdai order transferring Sahara’s Life Insurance biz to SBI Life
"The fact that the earlier direction of the respondent (Irdai) in transferring the business to ICICI Prudential Life Insurance Company was set aside in 2018 and since then no steps had been taken to transfer the policies, we find it strange that such steps have been...
UK self-driving car dreams could break down at the starting line
Despite the government’s vision to be a world leader in AV technology, truly driverless cars are not currently permitted on Britain’s roads, making it difficult for start-ups to commercialize their vehicles and insurers to assess their risks. Britain could lose out on...
EU regulators may demand Google to sell part of ad-tech business – source
The EU’s top antitrust watchdog, the European Commission, could issue a formal complaint against Google as early as Wednesday, the source said, further intensifying trans-Atlantic efforts to diminish the tech giant’s dominance in digital ads European Union antitrust...
IRDAI appoints Zuno General Insurance as Goa’s lead insurer
Motor insurance dominates the market, accounting for approximately 77% of the state's Gross Written Premium (GWP), followed by fire and property insurance at 14%, and marine cargo and hull insurance at 3.5% Mumbai: Zuno General Insurance (Formerly Edelweiss General...
Stalin opposes New India’s Hindi circular, have gone by rule books, says NIA
M.K. Stalin,Chief Minister,Tamil Nadu In a social media post, the Tamil Nadu Chief Minister said that the circular in Hindi was "unjust", and demanded its "immediate withdrawal" However, NIA has clarified that under rules company's advertisements, tender, press...
Amit Shah announces disaster management schemes worth Rs 8,000 crore
Amit Shah,Union Home Minister "A total of Rs 5,000 crore project to expand and modernize fire services in states, Rs 2,500 crore project for the seven most populous metros - Mumbai, Chennai, Kolkata Bengaluru, Hyderabad, Ahmedabad and Pune - to reduce the risk of...
Passenger vehicle wholesales rise 13.54 pc in May at 3,34,247 units: SIAM
New Delhi: As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,94,392 units in May 2022 Two-wheeler domestic wholesales were at 14,71,550 units, as...