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Here is a masonry blog layout with no sidebarGlobal re/insurance industry’s Blockchain platform B3i files for insolvency
“The directors, following consultation with the shareholders, have collectively concluded that there was not sufficient support to continue with the venture at this stage,” said an announcement on the company’s website B3i is supported by over 21 of the largest...
Lloyd’s insurer Ascot and Marsh launch marine cargo and war insurance for grain moving from Ukrainian Black Sea ports
Bruce Carnegie-Brown,chairman, Lloyd's The Lloyd’s of London facility will provide up to $50 million of cover in marine cargo and war insurance, Lloyd’s, Ascot and Marsh said in a statement Premiums to go into the broader Black Sea area have risen sharply, to as much...
Children at risk of new ‘unexplained acute hepatitis’ outbreak – WHO
“Every 30 seconds, someone dies from hepatitis-related diseases, including liver failure, cirrhosis and cancer,” said the WHO chief Moreover, some 80 per cent of people living with the disease are unable to access or afford care UN: The world is currently facing a new...
Asia-Pacific accounts for $ 22bn CAT losses in H122, Insured losses at $ 8bn:Munich Re
Floods, earthquakes and storms caused overall global losses of some US$ 65bn compared with US$ 105bn in the loss-heavy previous year. At around US$ 34bn, insured losses were roughly in line with previous years Globally, some 4,300 people lost their lives in natural...
Governments increase user data demands, warns Twitter
The US makes up the majority of demands for account information, accounting for 20% of the requests. India follows closely behind. Twitter says it complied fully with roughly 40% of all asks for information on user accounts Washington: Twitter warned Thursday that...
Indian neobanking market expected to witness over 3-fold jump to reach $11.65 billion
With the Indian growth story counting heavily on its young population and more than 50 per cent of the population below the age of 28, the report assesses future consumer trends will be dictated by the first generation of truly digital natives in the banking sector...
PM Modi to launch India’s first international bullion exchange in Gift City
This exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India, a statement by the IFSC Authority said. Ahmedabad: Prime Minister Narendra Modi will...
FAO warns 90 per cent of Earth’s topsoil at risk by 2050
The five key actions that FAO has called for, tasks civilians, governments and international institutions, with taking greater action to monitor and care for soil One achievement of GSP, thus far, has been the partnership with farmers and local governments to enhance...
Component failures in aircrafts do not imply compromising passenger safety, says DGCA chief
Arun Kumar, Director General of Directorate General of Civil Aviation "We are doing everything possible to ensure that our flying remains safest and for that, we never ever shy off from biting the bullet. Strict enforcement action is taken wherever required. As public...
Govt launches 11th agricultural census 2021-22; to use smartphones, tablets for data collection
"This is the time to make full use of technology in this computation. He said that Agriculture Census should be thought of in a broader perspective. Agricultural computations can also contribute to the mapping of crops so that the country gets its benefits," he said...
India’s SpiceJet says airplane aborted Mumbai takeoff due to caution alert
The plane was "almost at full speed" on the runway when it was suddenly stopped and the pilot aborted the takeoff, announcing later it was a technical problem, Vishal Vikram, one of the passengers on board, told Reuters New Delhi: A SpiceJet airplane was forced to...
SBI Life net income rises 18 pc to Rs 263 crore on strong sales, margin expansion
The life insurer's Value of New Business (VNB) jumped 130 per cent to Rs 882 crore and the VNB margin soared 665 basis points to 30.4 per cent during the reporting period Mumbai: SBI Life on Thursday reported an 18 per cent growth in net profit at Rs 263 crore in the...
As credit demand grows, banks scramble for deposits
"In the next few months if the trend continues then we will have no other option but to raise deposit rates because the market conditions are also not very favourable for us to go to the market to raise growth capital," said a senior executive at a state-owned bank...
Indian retail equity investment can continue for the next couple of decades: Morgan Stanley
Ridham Desai, managing director, Morgan Stanley India Company Despite a record rise in trading by retail investors over the past eight years, Indian households remain “dramatically” underweight in the asset class, with stocks comprising only 5%-6% share of their...
Bajaj Allianz General’s net profit surges 147 % to Rs 411 crore in Q1FY23 on higher investment income
The general insurer's combined ratio stood at 104.6 per cent in Q1 FY23 as compared to 103.4 per cent in Ql FY22 mainly due to higher claims ratio The company's investment and other income (net) for Q1 FY23 increased by 30 per cent y-o-y to Rs 612 crore Pune; Despite...
Fed raises rates by 75 bps to tame inflation, flags weakening economic data
Jerome Powell,Chairman, US Fed Policy makers, facing the hottest cost pressures in 40 years, lifted the target for the federal funds rate on Wednesday to a range of 2.25% to 2.5%. That takes the cumulative June-July increase to 150 basis points -- the steepest since...
CMD Selection: FSIB recommends Neerja Kapur for New India,Girija Subramanian for AIC
Neerja Kapur, general manager , New India Assurance The FSIB, that replaced the BBB (Banks Board Bureau) as the head hunting agency for the top management of PSU banks and insurance companies on July 1, had interviewed seven shortlisted general mangers of different...
Life expectancy of South Koreans rises to 83.5 years in 2020, 3.3 longer than 10 years ago
According to OECD Health Statistics 2022, the life expectancy of Koreans was 83.5 years in 2020, which topped OECD countries' of average 80.5 years. This is 1.2 years longer than Japan's 84.7 years. It is 3.3 years more than 80.2 years in 2009. The OECD average...