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Himalayan Flood Fury: Death toll rises to 469 as lake poses new flood threat,1,500 people are missing
Scientists who’ve studied satellite images said bedrock underneath a glacier high in the Himalayan region had collapsed, taking part of the glacier with it. The rocks and melted water swelled the rivers in the valleys below, causing a torrent of water that swept...
HDFC Bank faces class-action lawsuit in US
The lawsuit alleges that HDFC promised Maharashtra State Road Development Corporation (MSRDC) a 6.01 per cent interest rate to attract big its deposits, which constituted a hefty 2.51 per cent markup over the standard 3.5 per cent savings rate offered to regular...
India’s Financial Inclusion Index rises from 53.9 in 2018 to 67 in 2026
The Pradhan Mantri Jan Dhan Yojana (PM-JDY) accounts have grown four times since 2015 to 59.09 crore and deposits have risen 20-fold to Rs 3,16,514 crore.Nearly 45.95 crore PM-JDY accounts are in rural and semi-urban areas, while 13.14 crore are in urban and...
IndiaFirst Life redrafts its IPO plans, to deploy Salesforce Agentforce for AI overhaul
Rushabh Gandhi, Managing Director & CEO, IndiaFirst Life Insurance and Arundhati Bhattacharya, President and CEO, Salesforce – South Asia at an event in Mumbai to announce partnership between IndiaFirst Life Insurance and Saleforce Rushabh Gandhi, Managing...
Climate change reshaping health outcomes and straining healthcare systems in Asia
The annual financing gap for health-focused climate adaptation across Asia-Pacific stands at approximately US$3.52 billion through to 2030, more than six times the funding currently available Mumbai:Across Asia, climate change is reshaping health...
Bihar on alert after Nepal flash flood, 1.5 lakh cusecs released from Gandak barrage at 11 pm
Nearly 100 people were killed and over 750, including 133 Indian nationals, remain missing after a massive flash flood originating in Tibet swept through central Nepal, devastating several towns and villages, washing away critical bridges, and crippling a dozen...
558 people are missing in Tibet after floods that left hundreds of others also missing in Nepal
Chinese state broadcaster CCTV reported that 260 of the 558 missing people were foreigners and two villagers were rescued. At least three people were killed as of Thursday morning, it said. UDIN DHUNGA, Nepal:China’s Xinhua News Agency said Thursday that mudslides in...
Iran, Oman agree to share Strait of Hormuz revenue
“Agreements have been reached regarding each country’s share of the strait’s waters as well as Iran and Oman’s share of its revenues,” the Islamic Revolutionary Guard Corps’ spokesman Hossein Mohebbi said on Wednesday, according to the state-run Sepah News agency....
Sharia-compliant Qatar Islamic Insurance Group receives license to set up operations in GIFT-IFSC
It will be joining other leading players Abu Dhabi National Insurance Company, Doha Insurance Group and Kuwait Reinsurance Company, from the gulf region to open offices in GIFT IFSC. Mumbai:Qatar Islamic Insurance Group (QIIG), a leading Sharia-compliant insurance...
Meta reaches $16.68 billion settlement over social media harms to children
The settlement resolves claims brought by 29 U.S. states, and will end a federal trial that had been one of the highest-profile tests yet of allegations that social media companies harmed young users. Meta will impose daily usage limits and restrict nighttime usage by...
MS Amlin expands cyber portfolio with senior underwriting hires
“As market conditions evolve, we are focused on broadening out parts of our existing portfolio where we see the potential for further growth. Cyber is one of those areas, and we believe there is a clear opportunity to build a larger and more meaningful position in the...
SSB alerts India-Nepal border formations after flash flood in Nepal, 11 rescue teams
The flash floods in Nepal have caused significant damage in bordering areas, including the loss of at least eight lives. Local reports indicated that several people are missing after floodwaters surged through Nepal’s Nuwakot and Dhading districts, with the Bhote...
Sudden flood sweeps through northern Nepal, Nearly 100 killed, over 750 missing
Nepal Foreign Minister Shisir Khanal told the parliament that an earthquake hit the Tibet region at 8:37 am (local time) and the flash floods were reported three minutes later, suggesting the tremors may have caused a glacial outburst which triggered the floods. The...
Some oil companies to avoid ships on Iran blacklist
Some of the tankers Iran listed are owned or chartered by Saudi Aramco and Abu Dhabi National Oil Co (ADNOC). The ships have been used for shuttling crude, refined products and liquefied natural gas (LNG) out of the Gulf for STS transfer off Fujairah in the UAE or...
Chinese hackers ramping up attacks after integrating DeepSeek
DeepSeek is the AI of choice for Chinese hackers because it’s relatively powerful with very low cyber guardrails,” said Charles Li, chief analyst at TeamT5. “Western models are highly sought-after but their guardrails are much more strict and require a lot more effort...
Japan’s Tokio Marine eyes insurer Suncorp as preferred takeover target, FT reports
Tokio Marine reviewed several takeover targets over the past months, including Insurance Australia Group (IAG) and Suncorp, as well as Canada’s Intact Financial Corp., the report said. Japanese insurer Tokio Marine has identified Australian insurer Suncorp as a...
62% of Indian businesses report rise in fraud attacks: Report
Authorised Push Payment (APP) fraud was identified as the most difficult type to detect and prevent, with 58 per cent of organisations finding it challenging to manage. Identity theft was challenging for 54 per cent, while money mule activity stood at 53 per cent....
‘Conflicts choking global trade arteries…’: UN Secretary General calls for protection of global shipping, restoration of navigational freedoms
In a post on X, United Nations Secretary-General Antonio Guterres said, "Conflicts in different regions are choking arteries of global trade & squeezing the global food system. Navigational rights & freedoms are vital for international peace & security...