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Here is a masonry blog layout with no sidebarGovt may invite preliminary bids for IDBI Bank stake sale next month
Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corp of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. "Strategic sale is uncharted territory. There are a lot of issues to be addressed, including an open...
ACKO Accident Index 2022: Delhi NCR records highest number of road accidents in the country
The Index, which is a report detailing accident trends seen across key metros, including Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai, revealed Delhi recording an accident rate of 20.3%, while Mumbai stood at 18.2%. The reasons behind the mishaps were also fairly...
Major Asia-Pacific reinsurers deliver stable performance on growing competition and uncertainty: AM Best
2022 is shaping up to be another profitable year thanks to benign natural catastrophe activity in the region in the first half of the year for Asia Pacific domiciled reinsurers The accumulation of natural catastrophe risks in Asia-Pacific reinsurers’ home markets...
Asian Markets: Reinsurers grapple with economic challenges and climate risk, says Fitch
Asia-Pacific reinsurers face weather-related catastrophe losses from flooding and drought, such as the major floods in eastern Australia and China in 2022. Reinsurers are re-assessing risk modelling and catastrophe management frameworks to help quantify potential...
Gautam Adani is first Asian to become world’s third-richest person, overtakes Louis Vuitton chief
Gautam Adani All told, Adani has added $60.9 billion to his fortune in 2022 alone, five times more than anyone else. He first overtook Ambani as the richest Asian in February, became a centibillionaire in April and surpassed Microsoft Corp.’s Bill Gates as the world’s...
Dominick Williams appointed as WTW’s Head of Distribution Advisory in APAC
“ The insurance business is going through a time of transformational change. Dominick’s addition to the Client Advisory team is timely as we continue to invest to ensure our capability and solutions remain market leading.'' Sam Farrimond, Regional Leader, Client...
Beazley launches Product Recall product in APAC market
The Beazley Manufacturing Risks & Response coverage is an innovative insurance solution that provides what manufacturers need to help protect their business and customers “Our solution includes offerings for any component parts and consumer goods . Adding this to...
A former Swiss Re underwriter wins sex discrimination suit
“We note the tribunal’s conclusions, and we are giving them full and careful consideration,” Swiss Re said in a statement. The firm “does not tolerate discrimination of any kind and is committed to providing an equal and inclusive workplace for all employee A former...
ADB partners with global Insurers to mobilize $1 billion in lending capacity to financial institutions
ADB has signed an initial 3-year partnership with Tokio Marine Group , AXA XL, Chubb, Liberty Specialty Markets, and Allianz Trade MANILA: The Asian Development Bank (ADB) has signed an agreement with five leading global insurers which will mobilize up to $1 billion...
ADB approves a $200 million loan to help mitigate ecological & environmental risks in China’s Mulan River
The project aims to strengthen institutional capacity for environmental management. It will support county-level integrated environment management and climate change adaptation action plans and associated capacity building and public awareness raising. It will also...
Equity investors’ wealth falls by Rs 2.39 lakh cr as markets sink
''Indian market kicked off the new week with a deep cut followed by a sharp sell-off in global markets on the back of hawkish commentary by the US Fed chairman Jerome Powell,'' Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Foreign institutional...
RBI mulls setting up of fraud registry to check banking frauds
Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday New Delhi: As part of its efforts to strengthen customer protection, Reserve Bank...
North American companies send in the robots, even as productivity slumps
The incentives for companies to pursue a robot-enhanced workforce are obvious in the current tight labor market. With nearly two open jobs for every unemployed worker, employers are bidding up wages: Total U.S. labor costs - covering wages and benefits - surged 5.1%...
Reliance Capital bid deadline ends today amid investors concern over Reliance General
IDBI Trusteeship Services Limited acting in its capacity as a debenture trustee on behalf of Credit Suisse, had invoked the pledge of Reliance Capital's 100 per cent shareholding in Reliance General in November 2019 and transferred the shares to its account. The...
India’s state-funded helmet promises ‘fresh air’ in battle on winter smog
Helmet is designed with an air purification unit, fitted with a replaceable filter membrane and a fan powered by a battery that runs six hours and can be charged through a microUSB slot. NEW DELHI: As India's capital of New Delhi prepares for winter - and the...
Lifestyle choices, lack of proper sleep, food and exercise causing rise in heart attacks: Experts
"Smoking is the most important among other risk factors like diabetes, high blood pressure, and cholesterol. Lifestyle choices, lack of sleep, nutritious food and exercise, and increased stress levels are probably responsible for heart attacks in young people,"...
Financial inclusion major step towards inclusive growth: FM
Nirmala Sitharaman,Finance Minister The success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent...
FPIs invest Rs 49,250 crore in August on strong corporate earnings
FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year. Between October 2021 and June 2022, they sold a massive Rs 2.46 lakh crore in the India equity markets. Himanshu Srivastava,...