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Co-WIN platform will be used for transparent organ, blood donation says Dr RS Sharma
"Nobody knows if there is any person nearby who can donate the blood. We will put everybody on this blood donation platform which can become an extremely dynamic blood donation platform. Through Co-WIN you can see which vaccines are available, likewise for blood, you...
Japan’s ‘Famtech’ technology focussing on female employees health
Tokyo: Companies in Japan are introducing "Famtech" or "Female technology under which, attention is being paid to the health of female employees and not just to the superficial beauty. This initiative is undertaken by the Ministry of Economy, Trade and Industry in...
China’s digital yuan extends usage into finance scenarios
Transactions using e-CNY totaled 87.6 billion yuan at the end of 2021, with 261 million individual e-wallets opened, according to the central bank The People's Bank of China is a front-runner in developing and issuing a central bank digital currency (CBDC), which in...
HDFC Life to raise up to Rs 350 cr debt capital via bonds
The Capital Raising Committee of the company's board approved a proposal for raising up to Rs 350 crore through the issuance of 3,500 non-convertible debentures, HDFC Life said in a regulatory filing The company said the bonds will carry a coupon rate of 8.20 percent...
Rating Action: Moody’s places Peak Re’s ratings on review for downgrade
The review for downgrade on Peak Re's A3 IFSR follows Moody's rating action on June 14, 2022 to place on review for downgrade the Ba3 corporate family rating of Peak Re's majority shareholder, Fosun International Limited (Fosun, Ba3 review for downgrade). The rating...
Beazley launches a D&O solution for crypto companies
Luisa Celentano, Underwriter, D&O Specialty Risks said: “The crypto market is growing rapidly, and becoming increasingly mainstream. Crypto firms face a myriad of risks from extreme volatility to a lack of regulation, and they also have to contend with different...
Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman
Bruce Carnegie-Brown, chairman, Lloyd's ``It has been a privilege to serve as Lloyd’s Chairman over the last five years, and I am honoured to be re-appointed. There remains a great deal that we still need to do across the market and Corporation to build on the...
Big tech’s financial services play poses systemic concerns like overleverage: RBI Governor Das
Shaktikanta Das,Governor,RBI The entry of firms like Google, Amazon, and Facebook (Meta), referred to as big tech companies, also poses question marks around competition and data privacy. Das said deploying harsh recovery methods like calling up at odd hours or using...
Ukraine grain shippers take alternative export routes via Baltic Sea
The country has been hunting for alternative paths for its crops as the war with Russia cuts off vital shipments from ports dotting the Black Sea, stoking global food prices and raising worries over hunger. Producers have resorted to sales by land instead, ferrying...
Elon Musk sued by Tesla investor over ‘toxic’ work culture
“This toxic work environment has gestated internally for years, and only recently has the truth about Tesla’s culture emerged, leading to legal action from government regulators and private parties alike,” Chau said in the complaint. “Tesla’s toxic workplace culture...
Wall St tanks as recession fears grip markets; Nasdaq down 3.85%
The selloff was severe as the Fed's aggressive move raised fears of a spate of monetary tightening from global central banks that could slow growth around the world. Switzerland and Britain lifted rates following the Fed's 75-basis-point hike on Wednesday New York: US...
‘India may need $10 trn investment to achieve net-zero emission by 2070’
Most importantly, create carbon markets and incentives for the adoption of clean energy technologies. India also needs to undertake several policy measures to help deepen the green bond market to facilitate financing," a joint white paper issued by GE-EY said New...
Investors lose Rs 15.74 trn of wealth as markets log 5th day of fall
"After today's sharp plunge, we suspect bulls will have to battle hard in the backdrop of a hawkish Fed and RBI, spiking oil prices, inflation concerns, growth fears and persistent FIIs selling," said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd...
E&Y bags Rs10 cr GIPSA award for overhauling 4 PSU general insurers in 10 months
E&Y has beaten three other international consultants, Boston Consulting Group,(BCG), KPMG and AT Kearney to bag this prestigious project As per the new RPF, all the four companies are calling for only one consultant to lay down uniform process in terms of human...
IDF announces a trio of key efforts launched during the IDF Summit 2022
Michel M. Liès, Chairman of Zurich Insurance Group and Chair of the IDF Steering Committee, said, “The actions highlighted at this event are testament to the power that collective action can have in the effort to build resilience to the impacts of climate change and...
Global M&A: With optimism headwinds persist in wake of COVID-19 Pandemic, Aon study
Average enterprise values on deals with insurance increased worldwide: in Asia, the average deal had an enterprise value of $516 million, up 157% on 2020; LONDON: Aon plc has released the latest edition of their global M&A Risk in Review Opens in a new tabreport....
Kotak General Insurance partners with PhonePe to offer motor insurance
Kotak Mahindra General Insurance (Kotak General Insurance) has partnered with PhonePe Insurance Broking Services Pvt. Ltd (PhonePe), India’s leading digital payments platform to offer motor insurance to 380 million customers on the PhonePe platform. Suresh Agarwal,...
WTW appoints Nicki Tilney as Head of Construction, Power & Renewables, Asia and George Nassaouati as Head of Energy Asia
The alignment of the Construction and Natural Resources Global Line of Business within WTW Asia enables the company to bring a more effective and integrated offering to our clients. WTW's specialist partners will deliver bespoke and innovative risk solutions through...