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Twitter set to accept Elon Musk’s $43 bn ‘best and final’ offer
The 50-year-old entrepreneur, who is also CEO of rocket developer SpaceX, has said he wants to combat trolls on Twitter and proposed changes to the Twitter Blue premium subscription service, including slashing its price and banning advertising Twitter Inc is poised to...
Global transport’s role, demand lessen Climate Vulnerability
``We estimate shipping could contribute about 10% of global carbon emissions by 2050 (up from 3% in 2019) under a business-as-usual scenario, assuming no adoption of new regulations that could impact energy efficiency or carbon intensity,'' said Fitch The airline...
US Cyber insurance sees rapid premium growth, declining loss ratios: Fitch
A sharp increase in 2020 cyber loss ratios promoted substantially higher prices and rapid premium growth in 2021 that exceeded incurred losses, leading to surprising improvement in the cyber direct loss ratios versus the previous year Fitch estimates that standalone...
Investors lose over Rs 6.47 trn in two days amid global market crash
"We expect markets to remain volatile amid worries about inflation and its impact on corporate earnings, while also fuelling concerns over aggressive US Fed rate hikes in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services...
LIC IPO- likely to open between May 4-9, smaller size risks India’s fiscal deficit target
The LIC board will meet Tuesday to decide the launch dates for its IPO along with the discount to be offered to policyholders, employees and retail shareholders LIC's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower...
RCL may share RFRP with bidder by Wed; all cash bids to get highest score
RCL has 8 businesses that are on the block. This includes general insurance, life insurance, health insurance, securities business, and asset reconstruction among others Some of the prominent bidders of RCL are ICICI Lombard, Tata AIG, HDFC Ergo, Nippon Life...
Millions of Indians exiting labour force no longer looking for jobs: CMIE
With India betting on young workers to drive growth in one of the world’s fastest-expanding economies, the latest numbers are an ominous harbinger. Between 2017 and 2022, the overall labor participation rate dropped from 46% to 40%. Among women, the data is even...
Tatas slash Air India’s insurance policy by 20%, pay $35 million prm to renew a $ 8 billion cover
`AI’s reduced cover excluding war cover for Russia and Ukraine region has been successfully placed in the London market with a manageable premium just before Apr 1, the renewal date for the cover,’’ confirmed London market sources AIG continues to be the...
Private sector to drive growth of National Pension Scheme: Study paper
"Our demographic structure, with a greater proportion of younger people, favors a phase of accumulation. Since longevity is inching up, so also the need for a steady stream of income is increasing to mitigate old-age poverty. Further, as the traditional family support...
PM Modi to chair COVID review meeting with CMs on April 27
Prime Minister Narendra Modi As per data available with the Ministry of Health and Family Welfare, today India's Cumulative COVID-19 vaccination coverage exceeds 187.67 crores, with over 2.65 crore first doses of COVID vaccines administered for the age group 12-14...
Covishield found ineffective against Omicron, booster a must: Study
The Indian Council of Medical Research-National Institute of Virology scientists concluded the report saying that the fight against Covid-19 is far from over. Although vaccine boosters or third doses have shown an augmentation in the immune response against the...
1 in 4 hospitalised Covid patients feel fully recovered after a year: Study
"We found female sex and obesity were major risk factors for not recovering at 1 year," said researcher Rachael Evans from the University of Leicester in the UK One year after having Covid-19, only around one in four patients, who were hospitalised, felt fully well...
RBI imposes Rs 36 lakh fine on Central Bank of India for violating customer protection norms
It revealed non-compliance with the relevant directions to the extent the bank failed to credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer's account within 10 working days from the date of notification by the...
Luxury carmakers see accelerated demand for premium-end models in India
''In the last couple of months, I would say the trend started from last year, the demand on the C and D segment, which is cars above Rs 70-75 lakh, the growth in that segment is even more than the volume-segment growth for us,'' Audi India Head Balbir Singh Dhillon...
WTTC launches ‘Hotel Sustainability Basics’ initiative to ensure responsible travel and tourism
The report, ‘Destination 2030: Global cities’ readiness for sustainable tourism growth’, said that prior to the pandemic, the sector had been outpacing the global economy for almost a decade, with an annual average growth of 4.3 per cent compared to 2.9 per cent...
Digital transactions worth Rs 20k cr seen daily: PM
Prime Minister Narendra Modi ''Now digital transactions worth Rs 20,000 crore are taking place daily in our country. In March, UPI (Unified Payments Interface) transactions even reached Rs 10 lakh crore,'' he said New Delhi: Prime Minister Narendra Modi on Sunday said...
FPIs withdraw Rs 12,300 cr from equities in Apr on US Fed rate hike fears
''The fears of an aggressive rate hike by the US Fed, continue to dent investor sentiments. This could have prompted investors to again adopt a cautious stance towards their investments in emerging markets like India,'' said Himanshu Srivastava, Associate Director -...
Sustainable funds see Rs 315 crore outflow in FY21-22, says report
This comes following a staggering inflow of Rs 4,884 crore in FY 2020-21. Prior to that, sustainable funds saw an infusion of over Rs 2,000 crore, according to data compiled by Morningstar India Going forward, ESG considerations will become an integral part of the...