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Paytm’s billionaire CEO faces biggest test since IPO Dud
Vijay Shekhar Sharma, CEO, Paytm’ Shareholders should vote against Sharma’s reappointment, and the board must bring in a professional to the role, Institutional Investor Advisory Services India Ltd. said last week. Before listing, Sharma, on several instances,...
Over 30 pc of Indian employees want to change jobs: PwC survey
Millennials are the most likely to seek new employment, with 37 per cent indicating that they are likely to switch employers in the next 12 months While Gen Z employees are less likely to quit, about a third of them are extremely or very likely to ask for a reduction...
World coronavirus cases fall 24%; deaths rise in Asia: WHO
The U.N. health agency said there were 5.4 million new COVID-19 cases reported last week, a decline of 24% from the previous week. Infections fell everywhere in the world, including by nearly 40% in Africa and Europe and by a third in the Middle East. COVID deaths...
GST investigation wing asks officers to refrain from summoning CEOs
About the instructions with regard to summons, the guidelines said that senior management officials such as CMD/MD/CEO/CFO/similar officers of any company or a PSU (Public Sector Unit) should not generally be issued summons in the first instance New Delhi: The GST...
Govt holds interviews for appointing IRDAI’s non-life member, private sector professionals lead the race
From the public sector insurers, Madhulika Bhaskar, general manager and acting in charge of New India Assurance(NIA) was the lone candidate to have appeared for the interview. Some of the private sector professionals who had appeared for the interview today are-TA...
SC asks Centre to respond to pleas on unethical marketing practices by pharma companies
A bench of Justice DY Chandrachud and Justice AS Bopanna was informed that makers of Dolo-650 mg tablet had invested Rs 1,000 crore in freebies to have its anti-fever drug prescribed to patients The apex court then asked the Central government to file a reply within...
PSU general insurers plan major organisational revamping
The new structure will follow-Operating Offices/Claims Hubs/Regional and Head Offices and scraped the older four tier structure - Branch/Divisional/Regional/Head Offices. And, over a period of time, the regional offices may also vanish Chennai: The four Central...
Munich Re retains its top position, Asian reinsurers lose rankings in AM Best’s 2022 global list
All the top three Asian reinsurers, China Re, Korean Re and GIC Re, have lost their global rankings in 2022. Korean Re, which have been in the 10th place in 2020, fell off to 13th this year owing to currency position. Despite premium growth of around 7 per cent, China...
Climate risks make Australian home insurance costlier
On average, Australians living in high-risk areas like northern Queensland pay A$3,000 ($2,100) in annual premiums, or double that of residents in the rest of the country, an Actuaries Institute report released on Wednesday showed. Australia’s mounting extreme weather...
UK water supplier hit by ‘Extremely Concerning’ cyber attack, vulnerabilities of critical infra exposed
Cybersecurity experts said the breach was alarming but cautioned that it wasn’t clear how deeply the hackers had penetrated the system and whether there may have been controls in place that could have prevented unauthorized tampering with water supplies A company that...
RBI seeks public feedback on changes in payment systems
The focus of RBI's initiatives in the payment systems has been to ease frictions which may arise from systemic, procedural or revenue-related issues. While there are many intermediaries in the payments transaction chain, consumer complaints are generally about high...
Airlines need to strictly enforce COVID-19 protocol, including mask mandate: DGCA
Airlines have to ensure that passengers are wearing face masks properly throughout the journey and there is proper sensitisation of passengers through various platforms, it mentioned New Delhi: Aviation regulator DGCA on Wednesday asked all Indian carriers to strictly...
India may delay coal plant closures in blow to climate action
Under the proposals being considered, India’s coal plants -- which currently account for almost 70% of electricity generation -- would continue to handle peak evening power demand, even as solar and wind projects become increasingly able to fulfill day-time...
Monkeypox cases jump globally; see 20% rise to over 35k cases, 12 deaths
According to Rosamund Lewis, the WHO's monkeypox technical lead, there are reports of breakthrough cases in which people who received the shots after exposure to the virus are still falling ill as well as individuals becoming infected after receiving the vaccine as a...
Centre blocks 8 YouTube channels for spreading disinformation against India
The channels that were blocked under the Information Technology Rules-2021 include seven Indian news channels The blocked YouTube channels had over 114 crore views; and 85.73 lakh subscribers and the content was being monetised, an official statement said New Delhi;...
Govt restores lifetime free health cover for GMDs affected by Delhi HC verdict on BBB
The GIPSA, the coordinating agency for four PSU general insurers and GIC Re, on Tuesday has informed that the department of financial services has agreed to revive the free health cover facilities for GMDs who were affected by the Delhi HC judgment in ``Ravi Vs Union...
India home to 18 of 20 cities with most severe increase in PM2.5 pollution: Study
Among the most populous cities in each region, Delhi and Kolkata featured in the top 10 with the highest PM2.5-related disease burden in 2019 Breathing even low levels of pollution over time can produce a myriad of health effects, including reduced life expectancy,...
Sensex reclaims 60,000 mark after 4 months, investors richer by Rs 25 trillion
"Declining US inflation, confidence that the Fed need not have to aggressively raise rates and the increasing probability of a soft landing of the US economy are supporting this rally. In India, steadily declining inflation, strong growth momentum in the economy and...