Welcome to My Blog
Here is a masonry blog layout with no sidebar
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...
From crypto Picassos to frozen anthrax: Swiss Re scans horizon for emerging risks
The security of the new digital financial economy is also facing new risks. With quantum computing, for example, a new generation of computers is on the verge of completing tasks far beyond the reach of current machines These hyper-smart technologies offer significant...
Nearly 70% of car crashes linked to ‘self-driving’ in US were Tesla: Report
The report mentioned that out of 392 crashes, 273 were Tesla vehicles using Autopilot or the Full Self-Driving (FSD) beta. Honda cars were tied to 90 incidents, while Subaru models were involved in 10. Other makes, including Ford, GM, VW and Toyota, had five incidents...
Unlocking Surety Bonds: Gadkari asks IRDAI to develop a model product for general insurance industry
Nitin Gadkari, union minister for Road Transport & Highways `After discussing several challenging issues that are making Surety Bond a complete non-starter, minister has suggested to the IRDA that it should develop some model product having all the basic...
Stake dilution in life insurance subsidiary only when valuation is attractive: Canara Bank MD
(L to R) Anuj Mathur,MD and CEO, Canara HSBC Life Insurance,L V Prabhakar,MD & CEO, Canara Bank,Hitendra Dave, CEO,.HSBC India at a media meet in Mumbai Mumbai:Public sector lender Canara Bank may look at diluting its stake in Canara HSBC Life Insurance at a time...
Talent Hunt: IRDA offers Rs 1.5 crore of annual package to a new CEO of Insurance Information Bureau
New IRDAI chairman Debasish Panda has already made his intention public to broadbase the ownership of the Insurance Information Bureau of India and has suggested that instead of the IRDAI, let the insurers through their representative body General Insurance Council...
Rajasthan and Chhattisgarh exit NPS, PFRDA refuses to return their accumulated fund
Supratim Bandyopadhyay, chairperson, PFRDA Supratim Bandyopadhyay, chairperson, PFRDA, said, the total assets under NPS has touched Rs 35 trillion and currently almost has an AUM of Rs 7,40 trillion with 5.33 subscribers across central and state government...
.LIC ups stake in Hero MotoCorp, HUL, Capri Global
LIC's shareholding in Hindustan Unilever (HUL) has increased from 11,73,80,500 to 11,76,90,500 equity shares, aggregating to 5.008 per cent of the paid-up capital of the company Mumbai:LIC has increased its stake in Hindustan Unilever Ltd, Hero MotoCorp and...