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III and Thailand Insurance Institute sign MOU for nurturing professionals
Both the institutions look forward to working together in the area of risk management and insurance learning, development of course material, certification/ accreditation through conduct of examinations and spreading insurance awareness through capacity building as...
Reliance spends Rs 1,185 cr on corporate social responsibility in FY22
During FY 2021-22 (April 2021 to March 2022), Reliance undertook a range of initiatives through its pillars of work including rural transformation, health, education, disaster response along with sports for development initiatives Mumbai: Billionaire Mukesh Ambani's...
Income of 94.11% registered informal workers at Rs 10,000 or below,74pc belong to SC, ST, OBC
e-Shram portal is aimed at building a comprehensive National Database of Unorganized Workers (NDUW) in the country The data showed that 94.11 per cent of the registered informal workers have a monthly income of Rs 10,000 or below, while 4.36 per cent have a monthly...
DXC Technology, Lloyd’s and IUA extend contract to support transformation of London Insurance Market
`` With the Future at Lloyd's transformation, we will transition to a single platform that will provide automated processing and accounting for the market, leading to a substantial reduction in operating costs, and providing customers with a much faster, better...
Losses from Sri Lanka’s riots manageable for insurers: Fitch
``We believe gross losses from the riots are likely to exceed LKR1 billion. However, NITF’s net loss will be limited to this amount due to the protection provided by its excess of loss reinsurance cover. We expect NITF to have sufficient liquid assets to meet its...
Increased ransomware attacks and global threats tempering executive confidence in cyber preparedness: survey
According to the survey by Marsh and Microsoft, leadership confidence in their organization’s core cyber risk management capabilities – including the ability to understand/assess cyber threats, mitigate/prevent cyber attacks, and manage/respond to cyber attacks – is...
Fire breaks out at EV maker Ather Energy’s Chennai facility
"While some property and scooters got affected, thankfully all employees are safe and things are under control. The experience centre will be operational shortly," the EV company said late on Friday Chennai/New Delhi: As EV fires continue to make headlines in the...
MeitY issues draft norms to mobilise non-personal citizen data with govt
The draft also proposes setting up of an 'India Data Management Office (IDMO)', under the Digital India Corporation, which shall be responsible for framing, managing and periodically reviewing and revising the policy New Delhi: The Ministry of Electronics and IT...
New cyber security rule to make doing business in India tougher: Global tech bodies
The new directive issued on April 28 mandates companies to report any cyber breach to CERT-In within six hours of noticing it New Delhi: India's new directive which mandates reporting of cyberattack incidents within six hours and storing users' logs for 5 years will...
PM Modi calls drones ‘game-changer’ in agriculture, important to improve last-mile healthcare delivery
"Agriculture is being revolutionised due to technology. Be it soil health cards, e-NAM or drones, they are emerging as a game-changer in the agricultural sector." New Delhi: Prime Minister Narendra Modi on Friday termed drones as a 'game-changer' in the agriculture...
India home to world’s most affordable health care facilities, fast emerging as medical tourism hub: Prez
President Ram Nath Kovind 'India is fast emerging as a hub of medical tourism, where health care facilities and institutional treatment are available easily,'' said President Ram Nath Kovind President Ram Nath Kovind on Saturday said India is providing the most...
World not spending enough to avert disasters as global calamities rise: UN
Developing nations bear the brunt of losses from disasters at 1% of gross domestic product a year, threatening to undo their hard-earned economic gains. That figure comes down to just 0.1%-0.3% for developed countries UN News: Nations are spending too little to...
Supecyclones may have much more devastating impact in India in future: Study
The study, published in the journal Climate Resilience and Sustainability, showed that if greenhouse gas emissions continue at the current rate, more than two and a half times (250 percent) of India's population would experience flooding of greater than one meter,...
With 74.30% Combined Ratio, GIC Re logs a record underwriting profit of Rs 2,314 crore in Q4 FY 2021-22
Devesh Srivastava, CMD, GIC Re announcing company's results at a press conference in Mumbai on Friday The reinsurer had a record net profit of Rs 1,795 crore during Q4 FY 2021-22 as compared to a loss of Rs 28.48 crore in the year ago period Indicating GIC Re's...
SpiceJet, IndiGo faulted for poor service and behavior by air passengers
As demand rushes back, meeting passenger expectations in a world where people are being told to live with the virus has become harder. Some are finicky about sanitization standards or not eating onboard while others rail against wearing a mask all the time India’s...
Govt to promote development of climate resilient structures under MNREGA: officials
The move is aimed at strengthening the planning of climate resilient works and help India become a net-zero carbon emission country in the coming years.It will also help the community to make smart decisions to mitigate the effect of change in the environment, the...
Fake reviews on e-commerce sites under Govt’s radar
The screening results underlines that at least 55 per cent of the websites violate the unfair commercial practices directive of the EU, which requires truthful information to be presented to consumers to make an informed choice The consumer affairs ministry along with...
Elon Musk sued by Twitter investors for delayed disclosure of stake
Billionaire Elon Musk "By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price," said the investors, led by Virginia resident William Heresniak Billionaire Elon Musk was sued by...