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Market mayhem: Investors lose Rs 11.28 trn in four days
In tandem with the heavy sell-off in equities, the market capitalisation of BSE-listed companies plunged by Rs 11,28,214.05 crore in four days to stand at Rs 2,41,10,831.04 crore In the four sessions, the BSE benchmark has shed 3,404.53 points or 6.05 per cent "In...
DCGI approves Themis Medicare’s VIRALEX® for Covid-19 treatment
VIRALEX is an immune-modulatory agent with broad-spectrum antiviral properties. It enhances both innate and adaptive immunity and strengthens the body's defense response to viral infections Enhances both innate & adaptive immunity and strengthens body's immune...
Confusion, but not panic, reigns in global finance in Russia’s wake
"There is so much more capital in the system. Russia is not that big. Risk management is better,” Schamis said, comparing the situation now to the financial crisis in 2008 when he had a front-row seat as someone with capital to invest Western allies’ sanctions against...
Howden M&A bolsters its Asia Pacific team to manage surging deal activity
There is a significant growth in demand for M&A insurance in APAC, with clients seeking to manage the transactional risks that arise in the course of M&A transactions There were 20,694 deals in APAC with an aggregate value of USD 1.193 trillion, up from 17,745...
Overseas re/insurers have small exposure to Russia, have strong capital position to avoid a deterioration in credit quality: S&P
Many global and regional reinsurers have exposure to Russia, as well as some industrial line writers. As of now global reinsurers' exposure is very limited, in most cases less than 1% of assets and existing liabilities, in some cases even less than 0.1%....
Russian military control of Ukraine nuclear plants cause for grave concern, nuclear energy agency warns
In another worrying development, the regulator said that all communications have been lost with the enterprises and institutions in the port city of Mariupol that use category 1-3 radiation sources, and there is no information about their status. Such radioactive...
Thailand bids to avert ‘population crisis’ as birth rate crashes
Experts said it is hard to reverse a situation where social conditions have changed and attitudes towards having children are now coloured by concerns over rising debt and elderly care Bangkok: Thailand is scrambling to encourage its people to have more babies to...
Russian war in world’s ‘breadbasket’ threatens food supply
While there have not yet been global disruptions to wheat supplies, prices have surged 55 per cent since a week before the invasion amid concerns about what could happen next. If the war is prolonged, countries that rely on affordable wheat exports from Ukraine could...
Fleeing sanctions, oligarchs seek safe ports for superyachts
Working with the U.K.-based yacht valuation firm VesselsValue, the AP compiled a list of 56 superyachts — generally defined as luxury vessels exceeding 24 meters (79 feet) in length — believed to be owned by a few dozen Kremlin-aligned oligarchs, seaborne assets with...
FPIs pull out massive Rs 17,537 cr from Indian markets
''The market sentiments have been impacted globally by the uncertainty triggered by the war and the surge in crude,'' said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Mumbai: Foreign portfolio investors (FPIs) pulled out as much as Rs...
FACTBOX-Harsh words, tough action: how companies have rebuffed Russia
Russia has banned Western airlines from Russian space. Ford has discontinued operations, but its joint venture partner still has a factory in the country. Many other automakers, including France's Renault and Japan's Toyota Motor Corp, have described shutting local...
Could the Ukraine invasion spark a global financial crisis?
The threat to banks with over US$100 billion of Russian debt in foreign banks, this raises questions about the risks to banks outside Russia – and the potential for a default to kick off a 2008-style liquidity crisis, where banks panic about the state of other banks'...
Awaiting govt, RBI guidelines on SWIFT transactions with Russian entities: PNB
SBI is learnt to have issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanctions on it as well. Russia is one of the biggest suppliers of defence products and equipment to India mostly under...
BBB launches programme for improving quality of PSU bank boards
It is expected that the program will help the directors think of the road ahead in the business and elevate themselves to be a source of wisdom and guidance for the management and stakeholders to raise the performance levels of Public Sector Banks in the global...
Latest diet trends can cost people more than their weight loss, says research
"In Australia, around 12.5 million adults are overweight or obese. That's two in every three adults, or 67 per cent of our adult population," Assoc Prof Karen Murphy said. "Not surprisingly, interest in weight loss diets continues to rise, yet very rarely are the...
Cargo ship to Assam via Bangladesh completes pilot voyage
Speaking on the occasion, Sonowal said, "Today marks the beginning of a new age of inland water transport in Assam. This is going to provide the business community a viable, economic and ecological alternative.'' "The start of cargo movement through ships via the Indo...
China’s trade war with US resulted in loss of USD 550 billion: Report
The trade war, accompanied by a slowdown in China's economy and the impact of the COVID-19 pandemic, has resulted in the World Bank predicting a significant slowdown in the global economy as well as a lower prediction for the economic growth in the United States and...
Less amount of exercise makes it even difficult: Study
Unfortunately, many people fail to exercise enough, for reasons such as injury and computer usage. This puts people at more risk of disease. The less people exercise, the less fit they become, often leading to a downward spiral." A recent research has suggested that...