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CCI finds Google unfairly blocking rival payments on India store
“Google is imposing unfair and discriminatory conditions in violation of regulations," the Indian agency said in its preliminary report dated March 14.“ New Delhi: Google’s billing system for app developers is “unfair and discriminatory,” India’s antitrust regulator...
Swiss Re shareholders urged to oppose chairman’s re-election in gender row
"At Swiss Re, we embrace and build diversity, equity and inclusion, bringing together the best of multiple generations, cultures, skillsets and thinking," the company said in a statement to Reuters ZURICH: Swiss Re shareholders have been urged to vote against the...
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said LONDON: S&P Global sees losses in...
Apr-1 Renewals: Re/insurers jack up premiums to cover India Inc’s assets
Devesh Srivastava, CMD, GIC Re Developments in the Indian insurance industry, which is expected reach Rs 2.25 trillion in 2021-22, in the pre-renewal period indicate there have been large premium hikes in aviation, marine, group health and liability business `We...
Bhaskar given powers of CMD in NIA
After, Atul Sahai retired as CMD of New India Assurance (NIA) on Feb 28, the board of (NIA) on Thursday has decided to vest power of CMD in many areas of the functioning of the company with its general manager Madhulika Bhaskar. Earlier, Bhaskar, the senior most...
US$320m WB loan to promote green agriculture and rural development in China’s Southwest
Despite rapid gains in poverty reduction in recent years, two thirds of the rural population have incomes below $5.50 per day, the poverty line for upper middle-income countries. Increasing unsustainable agricultural practices, natural resource degradation and GHG...
World Bank approves $250m to help Bangladesh enhance resilience to future shocks
This financing will help Bangladesh harness digital technology to ensure green and resilient growth, said Bernard Haven, World Bank Senior Economist and Task Team Leader for the project Fiscal and financial sector policies will help sustain growth, while enhancing the...
New Russian airliner will use domestic engines, given sanctions – official
The medium-range plane, also known as the MC-21, can carry more than 200 passengers and is due to enter service this year. First designed with engines from Pratt and Whitney, a unit of Raytheon Technologies, in December 2020 the plane flew for the first time with...
Punjab to start early breast cancer detection project
Geetha Manjunath, Founder and CEO of Niramai, said “Breast cancer is the largest cancer killer resulting in the deaths of over 90,000 Indian women every year.” Vijay Singla,Health & Family Welfare Minister, Punjab, said that the epidemiological data generated with...
Rare upsurge in bird flu makes for worst-ever crisis in France
After a first wave led to the culling of around 4 million birds in the southwestern part of the country, France has been facing outbreaks believed to have been brought by wild birds on their way back, the first time this has happened in a significant way France is...
World records staggering number’ of unintended pregnancies: UNFPA
Over 60 per cent of unintended pregnancies end in abortion and an estimated 45 per cent of all abortions are unsafe, accounting for five to 13 per cent of all maternal deaths recorded, according to the UNFPA's flagship State of World Population 2022 report UN: Nearly...
Interest rates on small savings schemes unchanged for first quarter of FY23
Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the first quarter New Delhi: The government on Thursday kept interest rates on small savings schemes,...
Max Life insurance ecommerce channels achieves 8x growth over 4 Years
With the insurance industry projected to grow at 25-35% online in the next five years, Max Life is aiming to boost its e-commerce growth to 35-50%, touching the Rs 1,500-crore mark by FY26 New Delhi: Max Life Insurance announced that its ecommerce channels have...
IRDA chairman Panda to meet insurers on Apr 6-7 in Mumbai to unveil his agenda for industry
Debasish Panda, Chairman, IRDAI ``Yes, we have got intimations to have interaction with the new IRDAI chairman. We are happy that Panda is meeting us face to face. We are getting ready with our agenda to be put before him. Since, he has already dealt with the industry...
India briefs Climate Advisory Group about Infrastructure for Resilient Island States
India's Permanent Representative to the United Nations, TS Tirumurti further said that the Infrastructure for the Resilient Island States (IRIS) initial corpus is USD 50 million IRIS, a dedicated initiative, will provide technical support on the multifaceted issues...
Cong’s 40 lakh members in T’gana to be given insurance cover by New India Assurance
The Congress party, under the leadership of Rahul Gandhi, sets in motion a first-of-its-kind insurance programme for party workers. 40 lakh members of Telangana Congress to be insured! Premium amount paid through cheque to New India Assurance. Because, we, are a...
Govt orders probe into fire incident involving Ola electric scooter in Pune
The Centre for Fire Explosive and Environment Safety (CFEES) has been asked to probe the circumstances that led to the incident and also suggest remedial measures, according to the Ministry of Road Transport and Highways (MoRTH) New Delhi: The government has ordered a...
New norms being introduced to ensure safety of vehicle users: Gadkari
''Every year, we face five lakh accidents and 1.5 lakh deaths. For that reason, we are now taking a number of measures. Six airbags are now mandatory. We have taken a decision to make it mandatory for the economy models also,'' Union Transport Minister Nitin Gadkari...