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WTW launches specialist cyber coverage for ports and terminals
CyNav for Ports and Terminals is designed to address the specific cyber threats faced by port and terminal owners and operators. It provides both flexible and tailored cover for business interruption losses including those arising from IT service providers, first- and...
LIC to declare financial results for FY22 on May 30
The insurance behemoth, which was listed on the bourses earlier this month on May 17, said the board will consider and approve the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2022 The meeting will also consider...
NHA launches revamped Ayushman Bharat Health Account mobile app
Elaborating on the app, R S Sharma, CEO, of NHA said, ”The ABHA app will be instrumental in helping citizens to create their longitudinal health records. They can access their health records with the help of their ABHA address in seconds which will empower them in...
California parents could soon sue for social media addiction
The bill prepared by California defines “addiction” as kids under 18 who are both harmed — either physically, mentally, emotionally, developmentally or materially — and who want to stop or reduce how much time they spend on social media but they can't because they are...
Moving to ‘preparedness for recovery’ key to tackle climate change impact: PK Mishra
P K Mishra,Principal Secretary to the Prime Minister ''In India, for the first time, in the country's disaster risk management financing architectures, we have created a specific window for financing reconstruction and recovery, with USD 7.5 billion over five years,''...
Citizens can now access Digilocker services on WhatsApp via MyGov Helpdesk
"Offering Digilocker services on the MyGov Helpdesk is a natural progression and a step towards providing citizens with simplified access to essential services via WhatsApp's easy and accessible platform. With almost 100 million plus people already registered on...
IUMI Asia Forum 2022 in Mumbai
Hosted by General Insurance Council, International Union of Marine Insurance(IUMI) to hold its Asia Forum 2022 in Mumbai during June 1-2, indeed a proud moment for the Indian insurance industry R Balasundaram As we take off our masks and say ‘Good riddance’ to...
UK climate stress test for banks, insurers is the toughest yet: Fitch
Non-life insurers and reinsurers are exposed to physical risk through property and catastrophe losses, which are becoming more frequent and severe due to climate change Life insurers are more exposed to the transition risk that affects the assets in their investment...
Date to head IRDAI’s Reinsurance Advisory Committee
The IRDAI has reconstituted its Reinsurance Advisory Committee (RAC) under the chairmanship of former managing director, Swiss Re, India Dhananjay Date. The other members are R. Chandrasekaran,former Head of Reinsurance, Cholamandalam MS General, G. Srinivasan,...
Pandemic creates new billionaire every 30 hours: Oxfam at Davos
''We expect this year that 263 million more people will crash into extreme poverty, at a rate of a million people every 33 hours,'' Oxfam International said. Davos: As the rich and powerful from across the globe gather here for the World Economic Forum Annual Meeting...
DRDO report finds serious battery fault in electric vehicles that caught fire
Earlier this month, the Central Consumer Protection Authority (CCPA), which comes under the Union Ministry of Consumer Affairs, sent notices to Pure EV and Boom Motors after their e-scooters exploded in April New Delhi: Serious defects have been found in the...
Monkeypox threat: Mumbai civic body keeps isolation ward ready in hospital
As on date, there has been no report of any suspected or confirmed case of Monkeypox in the city, an official from the Brihanmumbai Municipal Corporation's (BMC) public health department said.In an advisory issued about the viral zoonotic disease, the BMC said airport...
Monkeypox formidable challenge to world: WHO
While the Covid pandemic is “most certainly not over. We face a formidable convergence of disease, drought, famine and war, fuelled by climate change, inequity and geopolitical rivalry”, Ghebreyesus said Geneva: Even as the world is not over the pandemic yet, it is...
GIC Re overhauls its business portfolios for profitability , appoints KPMG to modernise HR
Devesh Srivastava,CMD, GIC Re GIC Re, one of top 15 global reinsurers and third largest Asian Reinsurer, is currently undertaking major restructuring of its business portfolios to provide major focus on topline growth, said Devesh Srivastava,CMD, GIC Re KPMG will act...
Covid-19: INSACOG confirms presence of BA.4, BA.5 Omicron variants in India
"A-19-year-old female in Tamil Nadu has been found infected with the BA.4 variant of SARS-CoV-2," said INSACOG in a statement, adding that the patient has shown only mild clinical symptoms and has been fully vaccinated and has no travel history New Delhi: The Indian...
India considering spending additional $26 billion to fight inflation
India's retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high, posing a major headache for Prime Minister Narendra Modi's government ahead of elections to several state assemblies this year The Indian...
MFs collect Rs 1.08 lakh cr via 176 NFOs in FY22 on retail investors’ interest
According to the data compiled by Morningstar India, there were 176 new fund offers (including closed-end funds and ETFs) in 2021-22. These managed to collect a staggering Rs 1,07,896 crore during their inception stage This was way higher than 84 NFOs floated in...
FPIs dump Indian equities worth over Rs 35,000 crore in May so far
''Since the mother market, US, is weak and dollar is strengthening, FPIs are likely to continue selling in the near term,'' V K Vijayakumar, Cheif Investment Strategist at Geojit Financial Services, said Himanshu Srivastava, Associate Director - Manager Research,...