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UBS to buy Credit Suisse for nearly USD 3.25B to calm turmoil in global financial markets
Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail Authorities sought an agreement before markets opened again in Asia Geneva:Banking giant UBS is buying...
Higher cancer rates found in military pilots, ground crews
Isolating potential causes is difficult, and the Pentagon was careful to note that this study "does not imply that military service in air crew or ground crew occupations causes cancer, because there are multiple potential confounding factors that could not be...
Digital banking may be booming but cyber frauds get smarter, reveals RTI
Additionally, based on offsite returns data provided by supervised entities, there were a staggering 2,99,765 cyber frauds involving Debit Cards/Credit Cards, with an amount of Rs 322.92 crore lost (2020-2021); the instances came down to 2,21,705 but a higher amount...
Adani group suspends work on ₹ 34,900 cr petrochemical project in Gujarat
Gautam Adani, chairman, Adani Group The group has shot off mails to vendors and suppliers to "suspend all activities" on immediate basis. the group has asked them to “suspend all activities of the scope of work and performance of all obligations” for Mundra Petrochem...
Doctors protest against the Rajasthan Right to Health Bill
The Rajasthan Right to Health Bill seeks to give the residents of the state the right to avail free healthcare services from hospitals, clinics and laboratories. This will include private establishments as well The protesting doctors said the proposed bill would...
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos including Digit
''After the IPO fiasco following the listing of new age digital companies like PB Fintech , (the company behind the digital brand Policybazaar),Paytm, Zomato and Nykaa in which investors lost heavily, Sebi has tightened the approval norms for IPOs. This is welcome and...
Indian Gig Economy: Ensuring a better work environment for millions of workers
India is likely to see its gig workforce add 9-11 million jobs by 2025, which has been one of the most pivotal economic shifts in a long time When it comes to fair work for gig workers among the digital platform economy in India, Zomato, Swiggy, and quick-grocery...
Customer’s dog mauls delivery boy to death, case settled for Rs 5 lakh
Shaik Salauddin, the founder-president of Telangana Gig and Platform Workers' Union (TGPWU), said the family deserved to be paid about Rs 22 lakh by the company as per the Workmen Compensation Act. He said the company should pay the compensation as Rizwan was...
Strong earthquake of 6.8 magnitude kills at least 13 in Ecuador, 1 in Peru
The U.S. Geological Survey reported an earthquake with a magnitude of about 6.8 that was centred just off the Pacific Coast, about 50 miles (80 kilometres) south of Guayaquil, Ecuador's second-largest city. One of the victims died in Peru, while 13 others died in...
OECD to consider tweaking global tax rules to cover “workcations” and cross-border remote employment
National tax authorities and the Organization for Economic Cooperation & Development are grappling with those questions as the remote-working revolution blurs the lines between work, residency and time off The result could be tighter and clearer rules on how long...
Small oil tankers emerge to help Russia beat sanctions
The cost to use fuel tankers has skyrocketed since the EU ban, as ships enter the dark fleet and become unavailable — and uninsured by European maritime service providers — for regular trade routes, such as moving gasoline from Europe to New York. First, a small...
DDMA discusses preparedness for earthquake, prevailing H3N2 Flu situation
The Delhi Lt. Governor asked for retrofitting of all schools, hospitals, police stations, other critical government offices and vulnerable buildings especially in the 'Special Area' and old Delhi localities, according to the Earthquake Resilient Building Code. New...
NMC did not agree to proposal to allow pharmacists to write prescription: MoS Health
Pharmacy Council of India has issued Pharmacy Practice Regulations, 2015, and amendments thereafter, as per which there is a provision for Pharm D graduates to work in the hospitals in various positions. New Delhi: The National Medical Commission has not agreed to...
Centre writes to over six States including Maharashtra, Gujarat over rise in Covid cases
in the past few weeks a rise in cases has been noted specifically in certain parts of the country with a total of 2,082 cases reported in the week ending March 8, 2023, which rose to 3,264 cases in the week ending March 15, said the Union Home Ministry's letter....
Bank turmoil poses a $600 billion question for battered investors
Bank investors have largely been selling first and leaving that question for later. Around $600 billion dollars of market value has evaporated from the 70 biggest US and European banks since March 6, a period that’s seen the collapse of Silicon Valley Bank, Credit...
Sebi makes stringent disclosure norms for FPIs
''In case of any direct or indirect change in structure or common ownership or control of the foreign portfolio investor or investor group, it shall, as soon as possible but not later than seven working days, bring the same to the notice of its designated depository...
RR Singh appointed as CMD of OIC
Rashmi Raman Singh, CMD,OIC Singh, a direct recruit officer belonging to 1987 batch of OIC, will be retiring in Feb 2025 New Delhi: Rashmi Raman Singh,58, general manger & director, Oriental Insurance Company(OIC), has been appointed as the CMD of the company...
MACT awards Rs 13.18 lakh compensation of man killed in motorcycle accident
MACT member M M Walimohammed ordered the driver of the errant vehicle and the insurance company Bajaj Allianz Insurance Co Ltd to jointly and severally pay the compensation to the claimants along with 8 per cent per annum interest from the date of filing of the claim...