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Govt to push LIC IPO to next fiscal amid market swings
Finance Minister Nirmala Sitharaman said this week she “wouldn’t mind” taking another look at the timing of the LIC offering, though ideally she’d like to go ahead with it. Even if it doesn’t pursue the share sale on the original timeline, the government is still...
Europe’s largest nuclear power plant in Ukraine on fire after shelling
The plant’s reactor is a different type than the one used at Chernobyl, and there should be little risk if the containment vessel is not damaged and outside power can be restored, said Jon B. Wolfsthal, a former senior director for arms control and nonproliferation at...
Exposure to green outdoors had positive mental health impact during pandemic
Surprisingly, the study found no association between being diagnosed with COVID and having poor mental health. But respondents reported that having symptoms, no diagnosis and no way to test was distressing. Those who lost income or felt they were working in an unsafe...
Credit Suisse files lawsuits against Australia’s IAG over Greensill collapse
Insurance Australia Group Ltd was previously named as potentially exposed to the 2021 failure of Greensill since its former unit BCC Trade Credit sold policies to Greensill, but said at the time it had no liability because it sold its share of the unit two years...
Ukraine crisis: Apr 1 renewals may be costlier for Indian general insurers
International reinsurers, post Russian invasion of Ukraine, have already intimated the Indian general insurers about possible impacts in terms of higher pricing and tighter terms and conditions in coming days for Indian business Indian insurers advise India Inc to go...
FPI holdings in Indian equities down 2% to $654 bn in Oct-Dec: Report
So far in 2022 (till February 4, 2022), FPIs were net sellers in Indian equities to the tune of USD 4.95 billion The value of foreign portfolio investors' (FPI) holdings in domestic equities reached USD 654 billion in three months ended December 2021, a drop of nearly...
UK ship insurer withdraws cover for two Russian container ships
The world’s biggest container shipping lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow in a further blow to trade with the country British ship insurer West of England has withdrawn cover for two...
Climate change to uproot millions, especially in Asia:
By one estimate, as many as 40 million people in South Asia may be forced to move over the next 30 years because of a lack of water, crop failure, storm surges and other disasters No nation offers asylum or other legal protections to people displaced specifically...
LIC appoints Sunil Agrawal as its first CFO
Getting ready for a public listing, Life Insurance Corporation (LIC), with over Rs 38 trillion assets, has roped in Sunil Agrawal as its chief financial officer (CFO). Agrawal earlier had worked with Reliance Nippon Life Insurance in the same post for over 12 years....
Covid-19: Omicron is 40% deadlier than seasonal flu, study finds
The decline in mortality with omicron could reflect both the reduced virulence of the strain, particularly in comparison to the delta variant, and the benefits of vaccination, the researcher said The omicron strain of Covid-19 is at least 40% more lethal than seasonal...
Road ministry issues new rules on road accident reporting for claim settlement
Road Transport Ministry said that it is mandated that the procedure for detailed investigation of road accidents should be conducted, the detailed accident report (DAR) and its reporting, along with timelines for different stakeholders for quick settlements of claims...
UK shuts out Russian companies from aviation insurance market
The move will leave Russian commercial airlines scrabbling to get cover elsewhere. Industry sources say this could include from Chinese reinsurers, while other western insurers are likely to hold back from the business, fearful of other countries imposing similar...
HDI Global supports customers with tailormade Cyber Security services for protection against cyber-attacks
Hannover: HDI Global places protection against cyber-attacks at the centre of services for its customers. The focus here is on cyber risk management. Alongside conventional risk transfer, the industrial insurer will now...
Amazon plans to file criminal case against India’s Future over store transfers -sources
For more than a year, Amazon and Future Group have been in a legal stand-off that has stalled Future's $3.4 billion sale of assets to Reliance Industries NEW DELHI: Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future...
303,000 newborns die every year worldwide due to birth defects
45,000 babies born are born every year with birth defects In addition to mortality, birth defects can cause long term morbidity and disability, which in low- and middle-income countries causes a strain on the health system and, social and family resources. New Delhi:...
Make disclosure regarding a food article being vegetarian or non-vegetarian as mandatory: Delhi HC
The high court directed the Food Safety and Standards Authority of India [FSSAI] to issue a fresh communication to all the authorities concerned stating the obligation to make clear disclosure as to whether the food article is vegetarian or non-vegetarian. A bench of...
Cyberattacks could start war, Russian space agency warns after hacking attempt
Russia will treat any hacking of its satellites as a justification for war, the head of the country's space agency was quoted as saying in a news report on Wednesday Roscosmos head Dmitry Rogozin denied media reports that Russian satellite control centres have already...
Nations sign up to end global scourge of plastic pollution
Plastic pollution soared from two million tonnes in 1950, to 348 million tonnes in 2017, becoming a global industry valued at $522.6 billion, said UNEP. It is expected to double in capacity, by 2040 The impacts of plastic production and pollution on the triple...