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Global food safety net: Getting Thinner
So-called “multiple breadbasket failures” are likely to become sharply more likely at higher levels of global warming. At 2 degrees of warming, the risk that five of the world’s corn-producing regions fail simultaneously goes from a once-in-16-years to a...
Half a million flee from Assam to escape floods triggered by pre-monsoon rains
One of the world's largest rivers, the Brahmaputra, which flows into India and neighbouring Bangladesh from Tibet, burst its banks in Assam over the last three days, inundating more than 1,500 villages GUWAHATI: More than 500,000 people have fled their homes in...
After muted debut, LIC investors seek Aramco-style dividend
Ashishkumar Chauhan, MD and CEO, BSE, MR Kumar, Chairperson, Life Insurance Corporation and Tuhin Kanta Pandey, DIPAM Secretary pose after the company's IPO listing ceremony at the BSE in Mumbai With the demand for a handsome payout, LIC investors are taking a leaf...
China Jet crash was intentional, suggests Black Box data: Report
In March, the Boeing 737-800 jet, which was en route from Kunming to Guangzhou, crashed in the mountains of Guangxi, after a sudden plunge from cruising altitude, killing all 123 passengers and nine crew members aboard. It was mainland China's deadliest aviation...
Pollution of all types kills 9 million people a year globally: Lancet
India and China lead the world in pollution deaths with nearly 2.4 million and almost 2.2 million deaths a year, but the two nations also have the world's largest populations New Delhi: A new study blames pollution of all types for 9 million deaths a year globally,...
RBI rejects applications of Sachin Bansal-backed firm, 5 others for setting up banks
The Reserve Bank had received 11 applications to set up bank under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks The co-founder of e-commerce company Flipkart Sachin Bansal had acquired a majority stake in Chaitanya in September 2019...
RMS launches new cloud-based application UnderwriteIQ
Moe Khosravy, Executive Vice President, Software and Platform, RMS, said: “The growth in adoption of the RMS Intelligent Risk Platform has been phenomenal. A substantial number of clients are benefiting from the secure cloud-based platform that provides superior...
RIMS Survey highlights best practices to address and leverage emerging risks
Patrick Sterling,President,RIMS “In the face of so much uncertainty and volatility, business leaders around the world have challenged their risk management teams to identify, assess and deliver solutions to prepare the organization for the impacts of emerging risks,”...
Allianz to pay $6 bln over Structured Alpha fraud, fund manager charged
According to court papers, Allianz Global Investors US LLC will plead guilty to a securities fraud charge, while the payout includes a $2.33 billion fine, $3.24 billion of restitution and $463 million of forfeiture Germany's Allianz SE will pay about $6 billion and...
Tesla cars, Bluetooth locks, vulnerable to hackers – researchers
“This proves that any product relying on a trusted (Bluetooth Low Energy)BLE connection is vulnerable to attacks even from the other side of the world,” the UK-based firm said in a statement, referring to the BLE protocol - technology used in millions of cars and...
Climate Resiliency: Insurers need to fundamentally change business models
World Property and Casualty Insurance Report 2022: research suggests that only 8% of insurers are resilience champions; 73% of policyholders rank climate change among their top concerns “The impact of climate change is forcing insurers to step up and play a greater...
ICICI Lombard launches Professional Indemnity Insurance for doctors
Sanjeev Mantri, executive director, ICICI Lombard General Insurance said “Doctors and healthcare professionals are prone to uncertainties and risks while they are in the forefront to save lives. Error, omission, or at times unintentional negligence are a part and...
LIC listed at Rs 867, 8.62% discount over its issue price of Rs 949, over 1 cr shares exchange hands
Tuhin Kanta Pandey, secretary, DIPAM (L) and MR Kumar, chairman, LIC at the LIC's listing ceremony at BSE on Tuesday "We were not expecting on a big listing as markets were jittery, expect it to pick up," said LIC's Chairman M. R. Kumar LIC's share stock touched a low...
Sanofi ordered to compensate French family for epilepsy drug side effects
The latest ruling,states that Sanofi must have known the risk that the drug, if taken by pregnant women, could cause malformations and “neuro-behavioral disorders” in children, which should have been mentioned in its attached leaflet PARIS: A French court has ordered...
Costa Rica Cyber ransomware highlights sovereign cyber-risk: Fitch
Newly inaugurated President Rodrigo Chaves Robles declared a national emergency on 8 May in response to the continuing ransomware attack, for which Russia-based international criminal group Conti has claimed responsibility The number of ransomware attacks more than...
GI Council looks for a new secretary general
With the new IRDAI chairman Debasish Panda having already announced that the GI Council will be converted into an out out a professional body to deal with data and new innvative ideas, it is expected that the new secretary general will play a key role in the changing...
Heat waves, floods and heavy rain: India battling climate change and it is getting worse, warn experts
The scientists said if the frequency of heat waves continues as is predicted, these will adversely impact food, water and energy security in the region New Delhi: The spectre of climate change is here to stay and even worsen, say climate scientists as searing winds...
PNB MetLife launches Dental Care Plan with dental OPD benefits
Data from Allied Market Research indicates that the Indian dental insurance industry would be worth $ 3.65 billion by 2030 New Delhi: PNB MetLife India Insurance launched the PNB MetLife Dental Care Plan, the first insurance plan in India that covers fixed-benefit...