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China’s ‘witless’ Zero-COVID rules to impact global inflation
As manufacturer to the world, the disruptions in China are weighing on the global economy and add another risk to the inflation picture Maersk, the world's second-largest shipping company, has suggested that the lockdown will severely impact truck services and...
Karnataka govt to conduct fire safety audit in 166 government hospitals
In the video conference, Prime Minister Modi had suggested all chief ministers conduct a Fire Safety Audit as incidents of fire accidents have increased due to summer heat Bengaluru: The Karnataka government on Sunday instructed officials to conduct a fire safety...
After first Covid jab, beneficiary needs to schedule second with same mobile number: Govt
In case a beneficiary uses a separate mobile number for the second dose and schedules a vaccination, it will automatically be recognised as first dose for the beneficiary, the health ministry said, amid some media reports claiming that technical glitches in Co-WIN...
Cyclone Asani: Several flights delayed, cancelled due to bad weather
Visakhapatnam: The India Meteorological Department (IMD) on Tuesday predicted rainfall and strong winds for three states; Andhra Pradesh, Odisha and West Bengal Visakhapatnam International Airport director Srinivas said that IndiGo has cancelled 23 flights, both...
Shipping losses fall, but Ukraine war, costly issues with large vessels muddy the waters: Allianz
“The insurance industry is likely to see a number of claims under specialist war policies from vessels damaged or lost to sea mines, rocket attacks and bombings in conflict zones.Insurers may also receive claims under marine war policies from vessels and cargo blocked...
EU drops plan to stop tankers moving Russian oil anywhere, to disallow insurance of shipments
But current proposals will nevertheless make life considerably harder for Moscow, assuming they are adopted. The ban on providing insurance would span the vast majority of the global fleet of oil tankers seeking to transport Russian barrels Tanker companies insure...
NSE Academy ties up with RIMS for risk management education
In addition to the certification opportunities, NAL and RIMS will jointly deliver ‘Introduction to Cyber Risk and Data Security’ and ‘Risk Management Techniques’ self-learning online courses. NAL and RIMS also plan to deliver a series of Masterclasses (focused topical...
Visakhapatnam port suspends operations due to cyclonic storm Asani
Cyclone Asani, which formed over the southeast Bay of Bengal, intensified into a severe cyclonic storm on Sunday, as it moved towards the southern state of Andhra Pradesh and the eastern state of Odisha. NEW DELHI: India's Visakhapatnam port will suspend operations...
Jan Suraksha schemes bring insurance, pension within reach of common man: FM
Finance Minister Nirmala Sitharaman Under PMJJBY, a cumulative number of 12.76 crore persons have enrolled since inception for life cover, and families of 5,76,121 persons have received claims for Rs 11,522 crore under the scheme. The scheme has proved extremely...
UAE to introduce unemployment insurance in latest economic reforms
Insured workers would receive some money for a limited time period if made unemployed, UAE Prime Minister and Vice-President Sheikh Mohammed bin Rashid al-Maktoum, who is also the ruler of Dubai, said on Twitter, citing a cabinet decision Dubai: The United Arab...
LIC IPO subscribed nearly 3 times; share allocation on May 12
Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. LIC had fixed the price band at Rs 902-949 per equity share Bidders in LIC IPO will be allocated shares on May 12, and the insurance behemoth...
Rs 7.73 trn crore of investors’ wealth depleted in two days amid market collapse
Foreign institutional investors continued their selling spree, offloading shares worth a net Rs 5,517.08 crore on Friday, according to stock exchange data. "There seems to be no respite for the markets from the bear hug as the weak Asian gauges and fall in European...
Investment banks forgo bumper fees for league rank in mega LIC IPO
The 10 advisers who manage the initial public offering They will receive around Rs 10 million ($129,000) each for their role in the deal, a fraction of what they would normally pocket for a deal of this size Mumbai: investment banks advising on the initial public...
LIC IPO: QIB portion fully subscribed on last day, FIIs steer clear
Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop. The non-institutional investors' portion was subscribed 1.38 times. Retail individual investors...
IBA and 2 Insurance Councils want an IT vendor for setting up a single repositary for 35 crore Jan Suraksha schemes
`The existing data of Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana of approximately more than 35 crore customers since the start of the schemes(2015) need to be migrated from the individual/banks and insurers to the repository,’’...
Blast at India’s Tata Steel coke plant injures three contract workers
The unit was not operational and was undergoing a dismantling process, Tata, India's largest steelmaker by revenue, said in a statement, adding that production has not been impacted MUMBAI: Tata Steel said three contract workers had been injured in a blast at one of...
Severe cyclone Asani raging in Bay of Bengal,not to make landfall either in Odisha or Andhra Pradesh
The system will not make landfall either in Odisha or Andhra Pradesh, IMD Director-General Mrutunjay Mohaptra had said on Sunday. He said the cyclone will move parallel to the east coast and cause rainfall from Tuesday evening New Delhi: Asani, the severe cyclonic...
China strives for global dominance through seaport control
The experts pointed out that, of the 96 ports owned by Chinese companies around the world, several are at key locations for maritime trade, "giving Beijing strategic dominance without having to deploy a single soldier, ship or weapons." It is estimated that China now...