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Here is a masonry blog layout with no sidebarEl Nino likely to return in July, may impact Indian monsoon
India Meteorological Department (IMD) Director General Mrutyunjay Mohapatra said last week that any effect the El Nino might have on monsoon will only be visible during the second half of the season ''It is not necessary that an El Nino will lead to a bad monsoon. Of...
Fed raises rates, opens door to pause in tightening cycle
Fed Chair Jerome Powell The change doesn't foreclose the central bank's policy-setting committee from hiking rates again when it meets in June, but Fed Chair Jerome Powell said it was now an open question whether further increases will be warranted in an economy still...
India’s green financing requirement estimated at 2.5 pc of GDP: RBI Study
''India's diverse topography makes it highly vulnerable to climate risks, manifested in the form of sustained rise in temperature, erratic monsoon patterns, and rising frequency and intensity of extreme weather events Mumbai: The Reserve Bank of India's report on...
Remuneration norms of pvt sector insurers MDs to be applied for their KMPs also, proposes IRDAI
The step will give more clarity to the extent of variable pay with respect to the total remuneration of directors and KMPs, variable pay deferral, malus and clawback provisions, accounting disclosures, said the IRDAI Hyderabad: The existing framework, in operation...
Retail investors’ avg ticket size declines to Rs 68,321 in FY23
Going by the data, the contribution of small towns or B30 cities to mutual fund industry's assets under management of over Rs 40 lakh crore stood at 17 per cent as of March-end. Moreover, B30 (beyond top 30 cities) tend towards equity assets with 79 per cent of the...
El Nino likely to return this year, fuelling global temperatures – WMO
"El Nino will fuel the temperature globally," he said. "We feel the effect of El Nino temperatures globally with a slight delay" The El Nino weather pattern is likely to develop later this year and could contribute to rising global temperatures, the World...
Maha: Court awards Rs 1.19 cr compensation to family of man killed in road accident
MACT member M M Walimohammed, in the order passed on April 25, directed Gulnar Plastics Pvt Ltd at Silvassa, the owner of the offending vehicle, and its insurer Tata AIG General Insurance Company Ltd, to jointly and severally make the payment of Rs 1,19,64,400 to the...
General insurers can now issue 30-yr fire policies
Hyderabad: The general insurers will now be allowed launch 30 -year fire insurance policies. Taking in to consideration the need for long-term coverages in fire Insurance products, , it is proposed to permit general insurers offer “long-term products” covering Fire...
Burning oil tanker off Malaysia raises safety concern about shadow fleet
A vast shadow fleet of aging tankers has been enlisted to carry sanctioned oil across the globe, raising questions about safety and insurance standards Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a...
Credit Suisse AT1 bondholders who lost $1.7 billion in UBS Deal file lawsuits
The latest claims mean that investors representing more than a third of the $17 billion in AT1 bonds issued by Credit Suisse have now sought to get their money back. US law firm Quinn Emmanuel last month filed a claim in Swiss court representing more than 400...
Indeerjit Singh assumes charge as SG, GI Council
Indeerjit Singh, Secretary General, General Insurance Council Mumbai; Indeerjit Singh,59,director and general manager, GIC Re, on Tuesday has assumed the charge of secretary general of General Insurance Council(GI Council), the official self regulatory...
Reliance General offers covers to Swiggy’s Delivery Partners
Reliance General Insurance is providing a unique health insurance product along with personal accident and mobile phone insurance coverage to Swiggy’s fleet of 3 lakh delivery partners across the country through Gallagher Insurance Brokers Pvt. Ltd. Mumbai: Reliance...
Lohum and ACKO partner to recycle and reuse batteries covered under EV extended battery warranty insurance
The exclusive partnership is a significant milestone for the EV industry, as it marks the first time of an association for EV battery insurance in the country to include provisions for reusing and recycling of the batteries Bengaluru: Lohum, India's largest producer...
LIC launches ’s Group Post Retirement Medical Benefit Scheme
Mumbai: Life Insurance Corporation of India has introduced Group Post Retirement Medical Benefit Scheme with effect from 2nd May 2023. This plan is a Non-Linked, Non-Participating, Life, Group Savings Insurance product. The plan helps to meet the employer’s obligation...