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Here is a masonry blog layout with no sidebarPM to chair review meeting on preparedness to deal with heatwave, monsoon season
Several parts of the country have logged all-time high temperatures under the impact of the torrid heatwave New Delhi:Prime Minister Narendra Modi will chair here on Thursday an important review meeting on preparedness to deal with the heatwave affecting parts of the...
Over 7 in 10 Indian firms suffered from ransomware attack last year
The average ransom paid by the Indian organisations that had data encrypted in their most significant ransomware attack was $1,198,475, with 10 per cent of victims paying ransoms of $1 million or more, according to cybersecurity firm Sophos. "The ransomware situation...
EU targets Russia’s global oil trade with shipping sanctions
The bloc is proposing to ban European vessels and companies from providing services — including insurance — linked to the transportation of Russian oil and products globally as part of its new sanctions package, according to officials and a draft document seen by...
Snarled-up ports point to worsening global supply chain woes – report
"Global port congestion is worsening and becoming increasingly widespread," RBC's Head of Digital Intelligence Strategy, Michael Tran, and colleague, Jack Evans, said in the report, acknowledging it was hard to say when things would improve RBC said the plethora of...
Need to arrest prolific sale of counterfeit products on e-commerce platforms: Delhi HC
New Delhi: The Delhi High Court has expressed its concern over the “prolific” sale of counterfeit and knockoff products on e-commerce platforms and said the practice has to be arrested to protect trademark owners as well as the customers. The observation was made by...
Fed hikes rates half point, biggest rise in 22 yrs to curb US inflation
Fed Chair Jerome Powell “The committee is highly attentive to inflation risks,” the Fed said in the statement, adding a reference to Covid-related lockdowns in China that “are likely to exacerbate supply chain disruptions.” That comes on top of Russia’s invasion of...
Jenny Lim appointed as CEO, Howden Singapore
Singapore/ London: Howden, the international insurance broker, today announces that it has promoted Jenny Lim to the role of CEO, Howden Insurance Brokers (S.) Pte. Ltd. effective 1 May. Singapore is an important market for Howden and it is Howden’s largest retail...
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 67 pc on day 1
Retail Individual Investor category picked up nearly 60 per cent of the 6.9 crore shares set aside for this segment However, demand from qualified institutional buyers (QIBs) and non-institutional investors was muted. The non-institutional investors' portion was...
Allianz and Sanlam to merge their African business to form the largest pan-African insurer
Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...
EMIs and FDs to rise as RBI raises kay rate by 40 bps to 4.40%, CRR by 50 bps to check raging inflation
Reserve Bank of India Governor Shaktikanta Das said that Monetary Policy Committee (MPC) will retain its accommodative monetary policy stance at a time when globally inflation is rising alarmingly even as investment activity is showing some traction in the country...
Heat waves-testing the limits of human survival in India
Daily power outages driven by a surge in demand for electricity have resulted in blackouts as long as eight hours in some parts of India, while coal stocks — the fuel that accounts for 70% of the country’s electricity generation — are running low, prompting warnings...
LIC’s Rs 21 k mega IPO opens for subscription; to close on May 9
The retail investors and eligible employees will get a discount of Rs 45 per equity share, and policyholders will get a discount of Rs 60 per equity share Mumbai: LIC public offer, the country's biggest-ever IPO, on Wednesday opened for subscription for retail and...
82 lakh deaths in 2020 in India; 1.48 lakh due to COVID-19: RGI
According to Union health ministry data, provided on Tuesday morning, 5,23,889 people have lost their lives to the virus in the country since early 2020. Registered births, the data said, decreased from 2.48 crore in 2019 to 2.42 crore in 2020, a drop of about 2.4 per...
Mere suppression of false info doesn’t mean employer can arbitrarily terminate employee: Supreme Court
“Mere suppression of material/false information regardless of the fact whether there is a conviction or acquittal has been recorded, the employee/recruit is not to be discharged/terminated axiomatically from service just by a stroke of the pen. New Delhi: Mere...
4 PSU general insurers look for a consultant for organisational rejig and profitability
In a move, indicating possibilty of a future merger, the four general insurers have decided to appoint a common consultant for which GIPSA - the coordinating body for the PSU general insurers, has called for Request for Proposal (RFP) from eligible entities to...
LIC owns 4% of all listed stocks in India, more govt bonds than the RBI
With Rs 6 lakh cr market cap on a PAT of Rs 3,000 crore makes a PE ratio of 200x. In our view PE ratio is not comparable with private players as LIC's distribution policy is now changed and higher allocation towards shareholders account in upcoming future to rise and...
Berkshire shareholders look beyond Warren Buffett, Charlie Munger
Warren Buffett Buffett, 91, has run Berkshire since 1965 Shareholders supported letting Buffett keep both the chairman and chief executive roles by a nearly 6-to-1 margin, Berkshire said at its annual meeting in Omaha, Nebraska Berkshire Hathaway Inc. shareholders on...
Delhi HC again adjourns `Singh-BBB’ case to May 19
Inderjeet Singh, general manger, New India Assurance(NIA), has gone to Delhi HC on the issue of appointment of Satyajit Tripathy (who is currently CMD, United India Insurance (UII)) by the government on the basis of recommendation of the Banks Board Bureau(BBB)...