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Sebi amends rules; introduces new option for appointment, removal of independent directors
''In case a special resolution for the appointment of an independent director fails to get the requisite majority of votes, but the votes cast in favour of the resolution exceed the votes cast against the resolution, and the votes cast by the public shareholders in...
India submits long-term strategy to achieve net-zero target by 2070
Bhupender Yadav,Union Environment Minister India's approach to low-carbon development is based on four key considerations -- low historic contribution to global warming, energy needs for development, commitment to low-carbon growth according to national circumstances...
Climate justice gets harder as world population passes 8 billion
These are also among the countries most vulnerable to climate impacts, and most in need of climate finance. In sub-Saharan Africa, where some 738 million people already live without adequate food supplies, the population is projected to jump by 95% by mid-century,...
With 177 million, India largest contributor to global population milestone of 8 billion: UN
The World Population Prospects 2022, released in July this year said that India's population stands at 1.412 billion in 2022, compared with China's 1.426 billion According to UNFPA estimates, 68 per cent of India's population is between 15-64 years old in 2022, while...
US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines
Air India is among the six airlines that have agreed to cough up a total of over USD 600 million as refunds, the US Department of Transportation said on Monday Air India’s policy of “refund on request” is contrary to the Department of Transportation policy, which...
Rich nations stick to coal phase-out as China builds new plants
“Accelerated retirements (of coal plants) within the OECD and the collapse in the scale of new project proposals in the rest of the world have been counteracted by the ongoing expansion of the coal fleet in China,” said the PPCA, an international campaign aimed at...
World population to hit 8 billion today: UN Report
While it took the global population 12 years to grow from 7 to 8 billion, it will take approximately 15 years--until 2037-- for it to reach 9 billion, a sign that the overall growth rate of the global population is slowing Globally, life expectancy reached 72.8 years...
Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI
Financial Information Providers in insurance sector need to enter into a contractual framework with the AAs, and the same has to distinctly specify the rights and obligations of each party and modalities of dispute resolution mechanism Hyderabad: The...
TATA Steel Limited wins RIMS ERM global award of distinction
The award recognizes Tata Steel’s outstanding ERM achievements that have enabled the organization to streamline processes, strengthen collaboration across the enterprise and achieve strategic objectives. NEW YORK: RIMS, the risk management society®, presented Tata...
Elon Musk trial opens to decide fate of his $56 bln Tesla pay
A Tesla shareholder hopes to prove during the five-day trial that Musk used his dominance over the electric vehicle maker's board to dictate terms of the 2018 package, which did not even require him to work at Tesla full-time A trial opened on Monday over shareholder...
India’s urban infrastructure needs $ 840 billion investments over next 15 years: World Bank
By 2036, 600 million people will be living in urban cities in India, representing 40 per cent of the population. "Cities in India need large amounts of financing to promote green, smart, inclusive, and sustainable urbanization. Creating a conducive environment for...
Aditya Birla Capital, Nippon Life talks fail on merger
Sources said Nippon Life stake would have been diluted to below 10 per cent following merger and Japanese firm is believed to be not comfortable with the idea of losing all the shareholder and the governance rights. Mumbai: Talks between Aditya Birla Capital and...
Microfin industry needs $100 bn to promote green livelihood: Jayant Sinha
Jayant Sinha,Chairman,, Parliamentary Committee on Finance ''Out of the 500 million workforce in India, 400 million are in the informal sector. This informal sector workforce is those who hugely benefit from the microfinance sector.The task in hand for the...
9 of 10 biz leaders in India feel economic uncertainty may threaten flexible working: LinkedIn research
LinkedIn's Global Talent Trends report reveals that across India, the top priorities that job seekers value beyond compensation are advancement, upskilling, and work-life balance. New Delhi: As many as 9 out of 10 business leaders surveyed in India believe the current...
Global economic growth outlook “gloomier”, says IMF ahead of G20 summit
The global economy has weakened particularly due to three key factors -- persistently high and broad-based inflation, the weak growth momentum in China, and Russia's invasion of Ukraine As prices of many food staples touched record highs in 2022 amid supply shortages...
LIC shares rally over 9 pc as Q2 net zooms multifold
A 27 per cent jump in premium income and massive gains from changes in its accounting policy along with investment income helped the national insurer LIC on Friday report a multi-fold jump in net income at Rs 15,952 crore in the July-September quarter, from Rs 1,434...
Sustainable food cold chains reduce waste, fight climate change: UN report
Food waste is happening as the number of hungry people worldwide rose to 828 million in 2021, or 46 million more than in the previous year. In 2020, nearly 3.1 billion people could not afford a healthy diet, up 112 million from 2019, as the impacts of the COVID-19...
NIA’s net profit plunges 74% to Rs 33 crore, one time Rs 2600 cr provision to clear five-yr wage arrears
Neerja Kapur,CMD,New India Assurance ``The fall in gross written premium is primarily due to the previous year recording significant revenues from the crop line of business and some government business, which was not there this year. The company made a...