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US sues Google to break up ad unit in heated antitrust fight
“The lawsuit we have filed today seeks to hold Google to account for what we allege are its longstanding monopolies in digital advertising technologies that content creators use to sell ads and advertisers use to buy ads on the open Internet,” said the Justice...
India’s Retail Health Insurance profitable, to touch $25 billion in next 5 years: Avendus Capital Study
Anshul Agarwal, managing director and Co-head, Consumer, Financial Institutions Group (FIG) & Business Services, Avendus Capital said, “Unique characteristics of Retail Health Insurance such as high persistency of 90%, pricing power, relatively low loss ratio and...
Leading reinsurers and Aon join hands to implement Open Exposure Data, to reduce costs and increase transparency
The Open Exposure Data Standard will also lower barriers of entry for model developers – including commercial vendors, third-party data providers and academia and other research institutions. Initial testing on reinsurance placement data for Japan, Australia and China...
UIDAI deliberates on five focus areas including ‘Ease of Living’
The five core areas are – resident centricity, expanding the usage of Aadhaar, security and privacy, continuous technology upgradation, and collaborate with global economies and support them in their aspiration to achieve SDG 16.9 (provide legal identity for all) New...
Bermuda (Re)insurers see improved pricing, performance in 2023
Market pricing surged at the January 2023 reinsurance renewal, shifting to a true hard market in property and some specialty lines with supply constrained and demand growing. Importantly, terms and conditions saw structural changes that benefited (re)insurers....
Budget wishlist: Infra development, social security for gig workers
India aims to be a $30 trillion inclusive and sustainable economy by India@100, which will help create resources for the government to fund development programmes and social security. New Delhi: In recent years, structural reforms initiated by the Government have laid...
Paris-New Delhi flight incidents: DGCA slaps Rs 10 lakh fine on Air India
'Enforcement action in the form of a financial penalty of Rs 10,00,000 has been imposed on Air India for not reporting the incident to DGCA and delaying in referring the matter to its Internal Committee, which is a violation of applicable DGCA Civil Aviation...
India to debut in green bond market with $1 billion auction on Wednesday
They make a modest trial balloon for the country’s broader goals for green finance. Prime Minister Narendra Modi has ambitious plans for renewable energy and projects that bolster the country’s resilience to extreme weather and higher temperatures, and India has said...
First Covid, now layoffs: Indian professionals undergo tremendous stress, anxiety
Saumya Mudgal, Senior Consultant, Psychiatry, Max Hospital in Gurugram said there has been a drastic increase in the number of patients coming from MNCs. "These patients are usually presented with the issues of panic anxiety and panic disorder with agoraphobia and...
India Protection Gap: Term insurance ownership remains stagnant
The following findings reveal insights that highlight urban India’s shift in attitude and approach towards financial preparedness as shown in a survey-India Protection Quotient 5.0,fifth edition(1st edition of the survey was done in 2019) conducted by Max Life...
Post Covid, insurance awareness rises : Max Life’s survey
Prashant Tripathy, managing director and CEO, Max Life Insurance India has begun recognizing the real value of term insurance, ownership remains an area of challenge that the life insurance industry will need to work hard to address New Delhi: A survey, by Max Life...
Five billion people globally remain unprotected from harmful trans fat: WHO
Dr Tedros Adhanom Ghebreyesus,Director-General,WHO. Industrially produced trans fat (also called industrially produced trans-fatty acids) is commonly found in packaged foods, baked goods, cooking oils and spreads. Trans fat intake is responsible for up to 500 000...
Women show higher risk of developing cancer in both breast: Research
Study led by the Mayo Clinic Comprehensive Cancer Center. The study's findings, published in the Journal of Clinical Oncology, will help personalise approaches to breast cancer screening and risk factors, according to the study's authors. Women who have cancer in one...
Considering downgrading Covid-19 to same category as seasonal influenza: Japan’s PM Fumio Kishida
Fumio Kishida, Prime Minister,Japan Currently, Covid is given the second rank which is equal to tuberculosis and avian influenza. Further, the officials plan to put it at the fifth rank, equaling to seasonal influenza, CNN reported quoting Japan's Health Ministry. "In...
B’desh asks Russia not to send cargo through ships under US sanctions
His comments came weeks after Moscow last month sent a ship to deliver equipment for Bangladesh’s Rooppur nuclear power plant, which is being built with Russian assistance, but Dhaka refused to accept the vessel due to the US sanctions Dhaka: Bangladesh on Sunday...
Climate change:Punjab’s cotton maize yield to dip by 11-13 by 2050, says report
One of the most intriguing findings is that changes in minimum temperature have resulted in changes in mean temperature throughout all growing seasons. It means that the minimum temperature has shown a rising trend," the report said A rise in minimum temperature is...
India on top gear in its drive to achieve ambitious 2030 milestones
For a market that already has over 13 lakh EVs including 2Ws, 3Ws, and 4Ws, and continues to grow, the coming years hold tremendous promise If Maruti launches its first EV priced below Rs 10 lakh, it can be a potential game-changer. Currently, Tata Tiago is the only...
Budget- 2023-24: “Cut GST rate from 18% to 5% on health insurance premiums”
It is expected that the government in the upcoming budget comes up with a series of measures to boost this sector, thus considering 5% GST tax slab on health insurance premium to make it more affordable for the people living in the middle-income group to get access to...