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Godfrey Phillips India receives Rs100 crore interim insurance payout after Andhra fire
The company informed stock exchanges that the interim payment was received against an insurance claim of Rs344.49 crore filed in connection with the fire that broke out in the early hours of October 10, 2025, at around 2.30 am.Godfrey Phillips said the actual loss...
AI London flight: DGCA directs 787 plane’s fuel switch inspection in presence of its officers
On February 2, an Air India pilot reported a defect with the fuel control switch of the Boeing 787-8 plane VT-ANX after operating the AI132 flight. The plane faced a fuel control switch issue during engine start in London on February 1. New Delhi:A detailed...
AAIB proposes framework for aviation safety
In the report, AAIB said no formalised mechanism for the exchange of safety-related information exists between defence authorities, especially the Indian Airforce, Indian Navy, and Indian Army, with AAIB and DGCA. New Delhi:Aircraft Accident Investigation Bureau...
Women investors drive Rs 11.3 trillion mutual fund assets, 35% of inflows: Report
The report noted that equity remains the dominant investment choice among women, while hybrid and solution-oriented funds are witnessing faster growth, indicating increasing portfolio diversification. New Delhi:Women investors in India are emerging as a major force in...
EU to force companies to buy components from non-Chinese suppliers, FT reports
Under the new legislation companies would be limited to buying about 30% to 40% of components from a single supplier and would have to source the rest from at least three different suppliers not coming from the same country, the FT said. The European Union is...
Govt unveils Water Metro Policy ahead of national rollout in 18 cities
Sarbananda Sonowal,Union Minister of Ports, Shipping & Waterways (MoPSW) The initiative adopts an ecosystem approach, ensuring standardisation in vessel design, terminals, charging infrastructure, and safety protocols, while promoting indigenisation in vessel...
Aon announces regional leadership appointments in EMEA and Latin America
"As we continue to accelerate our Aon United strategy to serve clients with distinction at a time of rising need, we are excited to announce new regional responsibilities for Kai-Frank, Tracy-Lee and Pedro to help advance how we deliver for clients in and across our...
War becomes the number one political violence risk for more than 50% of companies globally:Allianz
"The political violence landscape across Asia remains volatile, with civil unrest in countries such as Indonesia and Nepal, as well as domestic regional tensions including those between Pakistan and India, and Cambodia and Thailand. While some of these events have...
Philanthropy as Risk Capital in Asia: Bridging innovation to impact
The report spotlights 10 cases spanning climate, health, housing, water, waste, and digital inclusion where philanthropic risk capital underwrote the earliest and riskiest stages of social innovation.These range from sustainable housing and carbon removal technologies...
SEBI working on framework for AI-based trading amid growing cyber threats: Tuhin Kanta Pandey
Tuhin Kanta Pandey,chairman, Sebi "For AI-driven trading, we are actually going for guidelines on that. On how AIs will, in future, do that. Now AI has an opportunity as well as a risk. The opportunity is that you can use the AI for several of your things which can be...
Iran eyes $10 billion from crypto-based Hormuz insurance scheme
“Cryptographically verifiable insurance policies will be provided for shipments passing through the Persian Gulf, the Strait of Hormuz, and the surrounding waterways, and payments will be settled in Bitcoin,” Fars reported, citing the website hormuzsafe.ir, which...
Iran war leaves global companies facing $25 billion losses
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion – and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States,...
Governments lead Asia’s $100 billion climate resilience push
Climate adaptation is slowly being seen as a potential target area for private investors rather than simply a government responsibility, particularly with expectations that projects and services aimed at bolstering resilience will post strong growth in coming decades....
Motherhood & Financial Planning: Securing every stage of life with confidence
A strong financial plan is not built only around protection. It must also account for wealth creation,continuity of income and long-term financial stability across changing life stages Vikas Gupta, Chief Product Officer, ICICI Prudential Life Insurance Company...
Iran announces launch of new regulatory body to manage Strait of Hormuz
It was not immediately clear what the new body would do but earlier this month Iranian English-speaking broadcaster Press TV said it constituted a "system to exercise sovereignty over the Strait of Hormuz" and that ships passing through the strait were sent...
Falling fertility sparks push for more children in India
The country’s total fertility rate (TFR), the average number of children per woman, declined to 2 in the 2019/21 government assessment period, down from 3.4 in 1992/93, due to increasing use of contraceptives and rising education among females. A rate of 2.1 is...
Govt asks state-run banks,insurance firms to cut costs, shift to EVs
Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said. NEW DELHI: India's finance ministry directed...
Liberty Mutual increases stake in Liberty General Insurance to 74% in India
Matthew Jackson, president, Liberty International Insurance APAC, said, “India remains an important market for Liberty Mutual as we build our business across Asia Pacific, supported by strong fundamentals and significant opportunity for growth. Increasing our...