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Here is a masonry blog layout with no sidebarStrained Cities: India’s predicted urban boom
Natural catastrophes are forecast to cause more and more misery for India’s cities as the planet’s climate warms and makes weather more volatile India is projected to see an explosion in its urban population in the coming decades, but its cities already cannot cope...
Australian insurer Medibank’ hacking appears to be far larger than initially suspected
“Based on the extensive advice we have received from cybercrime experts we believe there is only a limited chance paying a ransom would ensure the return of our customers’ data and prevent it from being published,” Chief Executive Officer David Koczkar said in the...
China’s super-rich see fortunes plunge as economy slows
The Hurun Rich list, which ranks China's wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. Their total wealth was $3.5 trillion, down 18% Meanwhile, the number of...
15,000 killed by hot weather in Europe in 2022: WHO
"This is the fastest-warming region, according to a report launched this week by the World Meteorological Organization (WMO). Extreme temperatures accounted for more than 148 000 lives lost in the European Region in the previous 50 years. In just 1 year since, we lost...
Funding winter: IFSCA aims to hand out Fintech grants to Indian innovators from early next year
''We have an external committee which will be looking into these applications. Probably, from early next year, the grants will start flowing,'' he said on the sidelines of Singapore Fintech Festival (SFF) held 2-4 Nov 2022 The grants are for bootstrap innovators, and...
LIC buys additional stake in Voltas for Rs 635 crore
LIC said it acquired Voltas' shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022 Mumbai: Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per...
Reeling from floods, Pakistan seeks climate compensation, debt relief
Pakistan and other climate-vulnerable countries are demanding that the U.N. climate talks this year in Egypt take steps to mobilize "loss and damage" funds for disaster-hit nations, and some say rich nations have a duty to pay these costs because their historical...
Fadnavis directs GST officials to work with cyber dept to curb financial frauds
Fadnavis, who also holds home and finance portfolios, issued the instruction after holding a meeting with GST officials as well as those of the state finance department Mumbai: Maharashtra deputy chief minister Devendra Fadnavis on Monday asked state GST (Goods and...
Rs 86 lakh loss for state during PFI hartal violence: Kerala govt tells HC
Earlier, the High Court had asked the banned PFI and its former state general secretary to deposit Rs 5.2 crore with the Home Department towards damages estimated by the KSRTC and the government in connection with the hartal-related violence saying they must be held...
Climate finance a mirage; early warning systems key to saving lives, livelihoods: Bhupender Yadav at COP27
Union Environment Minister Bhupender Yadav India is making swift progress in respect of early warning for other hazards such as heat waves, the minister said, adding that the country has made concerted efforts towards making early warnings impact-based, easily...
Inflation top worry for G20 countries -survey
Although central banks worldwide have embarked on a path of aggressive monetary policy tightening, their efforts to tame inflation run the risk of tipping the global economy into a recession Runaway inflation, an unfolding debt crisis and cost-of-living problems pose...
Precision Air plane crashes into Lake Victoria in Tanzania, 19 killed
Images shared by East African media showed the aircraft seemingly intact after plunging into Lake Victoria, which borders Tanzania, Uganda and Kenya Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in...
Life insurers register 15 pc rise in new biz premium at Rs 24,916 cr in Oct
LIC recorded 18 per cent rise in its new business premium at Rs 15,920.13 crore during the month, as against Rs 13,500.78 crore a year ago The rest 23 players in the private sector witnessed their combined new business premium increasing by 11 per cent to Rs 8,996.45...
Customer protection lies at core of microfinance regulation, says RBI Deputy Governor
Considering the large customer base of microfinance at 6 crore borrowers, microfinance, Deputy Governor M. Rajeshwar Rao said, has emerged as one of the most important tools to foster financial inclusion Mumbai: Customer protection lies at core of microfinance...
Markel Dubai growth further enhances capabilities in MENA region, announces 3 senior appointments
Max Robbie has been promoted to senior executive officer (SEO) at Markel Dubai, subject to regulatory approval. He joined Markel in Dubai in October 2021 and was previously head of upstream energy for Markel in Asia Dubai: Markel International, a subsidiary of the...
Global cyber insurance premium to grow 20% to reach $23 billion by 2025 from $10 billion in 2021: Swiss Re
The market has significant growth potential beyond these projections. Given estimates of annual global cyber losses at around $ 945 billion, roughly 90% of the risk remains uninsured, said Swiss Re Jérôme Haegeli, Swiss Re Group Chief Economist: "As cyberattacks have...
Apple warns of hit to iPhone shipments from China COVID disruption
"But this is part of a much deeper story - the uncertainty surrounding the future of the Chinese economy… These headlines are part of the ongoing saga as to whether there is any truth to the consistent rumours that authorities are discussing whether some of the...
Six years since demonetisation, massive jump in cash with public at Rs 30.88 lakh cr
In a recent note, economists at SBI had said the currency in circulation (CIC) declined by Rs 7,600 crore in the Diwali week, which was the first such decline in nearly two decades if one were to exclude the 2009 festivities, which saw a marginal dip due to the global...