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Govt yet to choose PSU general insurers to be privatised: Karad
Bhagwat Karad, minister of state, ministry of finance As per inputs received from Department of investment and Public Asset Management(DIPAM), the government has not yet decided on the public sector general insurance companies that are to be privatised The government...
Berkshire Hathaway to buy Alleghany for $11.6 bn in return to dealmaking
Warren Buffett, chairman, Berkshire Hathaway Inc Buffett is diving deeper into the world of insurance with the Alleghany deal, an industry that has been key to the growth of Berkshire into a conglomerate with a market value of more than $750 billion With Alleghany,...
Airbus in touch with Tata for providing new aircraft for Air India
According to Airbus India President Remi Maillard said: "We are in talks with all airlines." , India is set to witness a massive growth in outbound passenger traffic As per estimates, India is expected to witness growth of 6.2 per cent in international air traffic,...
Govt considers widening Covid booster shots to all adults in India: Report
The government is debating whether to provide boosters to other groups for free, said one of the sources, who both sought anonymity as the government has yet to make a decision. A health ministry spokesperson did not immediately respond to a request for comment New...
LIC IPO: Govt files updated draft papers with Q3 financials
As per the updated financials, the Life Insurance Corporation reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December, 2021, increased to Rs 1,671.57 crore from Rs 7.08 crore a year ago Mumbai: The government has filed...
Chinese passenger plane with 132 aboard crashes in Guangxi province, no sign of survivors
Broadcaster CCTV said the accident involving a China Eastern Airlines Boeing 737 and occurred near the city of Wuzhou in Teng county. It said rescuers had been dispatched and there was no immediate word on numbers of dead and injured The twin-engine, single aisle...
Companies put brakes on $25 billion of deal-making as Ukraine war rages
More than $18 billion of the delayed deals are for debt financing, including bonds, loans and asset-backed securities, while the rest is for for mergers, acquisitions and initial public offerings Firms across the globe are ditching fund-raising deals at a quickening...
Australia to make Big Tech hand over data on misinformation
"Digital platforms must take responsibility for what is on their sites and take action when harmful or misleading content appears," Communications Minister Paul Fletcher said in a statement Australia's media regulator will be able to force internet companies to...
Hong Kong to ease strict COVID measures from April, lifts flight ban
Hong Kong's border has effectively been shut since 2020 with few flights able to land and hardly any passengers allowed to transit, isolating a city that had built a reputation as a global financial hub Hong Kong: Hong Kong plans to relax some anti-COVID-19 measures...
Second Covishield dose can be given between 8-16 weeks after first dose, says NTAGI reducing gap
The decision will lead to accelerated administration of the second dose of Covishield to the remaining six to seven crore individuals amid rising cases in several countries, the source said. The government had on May 13, 2021 extended the gap between the first and...
Experts say future Covid waves unlikely to have serious impact in India; some call for easing mask mandate
Dr N K Arora, chairman of the COVID-19 working group of National Technical Advisory Group on Immunisation (NTAGI), said given the high vaccination coverage and the wide spread of the disease, the possibility of India being hit by a severe wave is less likely. But that...
U.S. ESG shareholder resolutions up 22% to record level for 2022, study finds
Many seek details on carbon emissions or workforce diversity. Successes activists scored last year such as changing directors at Exxon Mobil Corp could make directors look at proposed changes more favorably, said sponsors of the review U.S. corporations face an...
UK’s Sunak says he will help where possible with cost of living
British finance minister Rishi Sunak He said his priority going forward was to reduce taxation but a planned rise in national insurance due to begin in April, in order to fund health and social care spending, was fair London: British finance minister Rishi Sunak,...
92% Indian tax payers within Rs 10 lakh gross total income bracket
The taxpayers' profile in India is that more than 92 percent filers are in the 0-Rs 10 lakh gross total income bracket, beyond Rs 10 lakh-Rs 50 lakh is 6-7 percent and from Rs 50 lakh to Rs 5 crore is 0.6-0.7 percent and beyond Rs 5 crore of gross total income it is...
Govt working on classification of cryptocurrency under GST law
'There is a clarity needed in regard to levy of GST on cryptocurrencies and whether it has to be levied on the entire value, We are seeing whether cryptocurrencies can be classified as goods or services and also removing any doubt on whether it can be called an...
31 pc of total office spaces in top 6 cities certified as green buildings: Report
Apart from offices, the concept of green buildings is now catching up in residential segments as well, and many developers are constructing such projects New Delhi: Nearly one-third of total office spaces in six major cities have been certified as green buildings, as...
China under pressure amid countrywide COVID-19 resurgence
China is battling its biggest virus surge in two years and numerous cities have imposed travel bans and lockdowns, including tech hub Shenzhen, which have shaken economic stability and global supply chains. China has clung to a zero-tolerance approach to the virus...
Former Apple employee charged with defrauding tech giant $10 mn
San Jose: A federal criminal case unsealed Friday alleges that he exploited his position to defraud the company in several schemes, including stealing parts and causing the company to pay for items and services it never received A court has allowed the federal...