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Investors wealth tumbles Rs 2.67 lakh cr in early trade
Heavy selling in financials, banking, IT and capital goods shares triggered by weak Asian markets and overnight losses in the US market dragged down the benchmark indices, analysts said Mumbai: Stock investors wealth eroded by more than Rs 2.67 lakh crore in early...
Unprecedented increase in global ocean plastic pollution
The ocean supplies half the planet’s oxygen, absorbs more than a third of carbon dioxide emissions from the burning of fossil fuels and feeds billions of people. But it is in trouble from overfishing, plastic dumping and acidification The report comes just days after...
Canada’s financial industry regulator issues norms for banks, insurers to disclose climate risks
The principles come into effect at the end of fiscal 2024 for larger banks and insurers and in 2025 for smaller firms, the regulator said in a statement. The Canadian regulator is going ahead with its first climate framework as global financial bodies raise pressure...
Climate change to cost Germany up to 900 billion euros by 2050 – study
Germany’s economy and environment ministries cited the study as showing that extreme heat, drought and floods could cost between 280 billion euros ($297.81 billion) and 900 billion euros between 2022 and 2050, depending on the extent of global warming The costs...
Digital India Act; draft to come in April: Chandrasekhar
Minister of State for Electronics and IT Rajeev Chandrasekhar As part of online safety and trust principle proposed for the Digital India Act (DIA), the minister sought views of stakeholder on mandating stringent regulation for privacy invasive devices such as spy...
Unseasonal rains destroyed standing crops on 13,729 hectares in 8 districts: Fadnavis in Maha assembly
Devendra Fadnavis,Deputy Chief Minister, Maharashtra Maximum damage has been reported from Palghar, Nashik, Ahmednagar, Jalgaon, Nandurbar, Dhule, Buldhana and Washim districts Mumbai: Recent unseasonal rains damaged standing crops on 13,729 hectares in 8 districts of...
Recovery and risks in global entertainment industry
The glamour, revenues and audiences may all be returning post-pandemic, but the movie and live events business has yet to fully recover from the Covid crisis and is having to constantly evolve in a new environment driven by economic, technology and sustainability risk...
Brain stroke is the second most common cause of death in India:top health expert
Delivering a keynote address at the event titled, "Stroke care and its primary preventive methods in poor resource settings in India", Dr Srivastava said, "Stroke is the second most common cause of death in India. About 1,85,000 strokes occur every year in India with...
Why is Indonesia moving its capital from Jakarta to Borneo
Indonesian officials say the new metropolis will be a sustainable forest city" that puts the environment at the heart of the development and aims to be carbon-neutral by 2045 But environmentalists warn that the capital will cause massive deforestation, threaten the...
Gallagher Re acquires treaty reinsurance broking business of WTW India Insurance Brokers
Vinod Krishnan has been appointed to lead the Gallagher Re business in India with immediate effect It comes as an agreement to acquire the treaty reinsurance broking operations of Willis Towers Watson India Insurance Brokers Private Limited (“WTW India”) was signed,...
India faces high power cut risks after years of coal, hydropower neglect
While Indians looking to beat the heat this summer will want steady power for their air-conditioners, night time outage risks threaten industries that operate around the clock, including auto, electronics, steel bar and fertiliser manufacturing plants "If there is a...
Major fire at Puri shopping complex, over 100 people rescued
Puri MLA Jayant Sarangi of the BJP claimed that the district administration has failed to ensure the installation of fire safety systems at the hotels and other establishments in the seaside town Puri: A major fire broke out at a shopping complex in Odisha's Puri...
Over 10 million older adults in India likely have dementia: AI study
''Our research was based on the first and only nationally representative aging study in India with more than 30,000 participating older adults in the country,'' said Haomiao Jin, co-author of the study and Lecturer in Health Data Sciences at the University of Surrey,...
Sebi extends timeline until March 15 for comments on ESG rating norms
This came in the wake of growing recognition of the significant economic and financial impact of climate change and environmental, social and governance (ESG) risks In addition, the regulator suggested ESG parameters that could be relevant to Indian context that may...
SBI Life declares interim dividend for its investors
SBI Life Insurance on Wednesday declared an interim dividend of Rs 2.5 per share for its investors for the financial year 2022-23. The declared interim dividend will be paid on or before April 6, 2023, to eligible shareholders. The record date is March 16, 2023. The...
Money laundering rules to apply to crypto trade – gov’t notification
Extending India's money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country's borders MUMBAI: India's money laundering laws will apply to trade in cryptocurrencies, the federal...
6 Lakh HDFC Bank customers’ personal data breached, bank denies
Data allegedly includes full names, email addresses, physical addresses, and sensitive financial data, the report mentioned. The criminals provided data samples while demanding money for the full database. HDFC Bank Cares Twitter handle on Tuesday posted that "there...
Covid Lab-Leak fight masks global rise of high-security biolabs
For decades, scientists from the US, China, Russia, Canada and Europe have swapped ideas for standardizing safety and security amid biolab building booms. At least 15 organizations have helped develop guidelines for the proper handling of viruses and bacteria, but the...