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Here is a masonry blog layout with no sidebarInsurer AIA Group sells Australian savings and investments business
AIA did not disclose a deal value for the sale, but said the business holds about A$8 billion ($5.77 billion) in funds under administration. The Australian savings and investment business, which offers superannuation and retirement products, was acquired by AIA...
Ukraine closes airspace to civilian flights amid “high risk” to safety
The aviation industry has taken heightened notice of the risks conflicts pose to civil aviation since Malaysia Airlines flight MH17 was shot down over eastern Ukraine in 2014 Kiev: Ukraine closed its airspace to civilian flights on Thursday, citing a high risk to...
Munich Re forecasts 2022 profit lift after pandemic rebound
"Propelled by this momentum, we will resolutely tap into the favourable market environment as we increase our profit to 3.3 billion euros in 2022," Chief Executive Officer Joachim Wenning said FRANKFURT: German reinsurance group Munich Re on Wednesday forecast a 14%...
Rajasthan raises health cover to Rs 10 lakh per family, reverts to defined benefits pension scheme for its employees
Rajasthan Chief Minister Ashok Gehlot as part of Budget also announced that IPD and OPD services will be free-of-cost in state-run hospitals Jaipur: Rajasthan Chief Minister Ashok Gehlot on Wednesday presented his fourth Budget for the year 2022-23, with the main...
India sees strong financial security, tepid growth in life insurance ownership and awareness: Max Life Survey
Term insurance witnessed an uptake in the last two years, with ownership rising to a significant 43% from 39% last year. The survey also reflects an increased ownership of other life-insurance products amongst urban Indians such as savings and market-linked plans. New...
IRFC raises $ 500 million foreign currency Climate Bond
The funds raised will help Indian Railways to meet its target of carbon neutrality and the wider target set by the government to meet the emission and carbon norms set in COP26. This Transaction makes IRFC the first Central Public Sector Enterprise (CPSE) to list its...
Wildfires projected to rise 50% in this century due to climate crisis and changes in land use: UN Report
“Wildfires are made worse by climate change through increased drought, high air temperatures, low relative humidity, lightning, and strong winds resulting in hotter, drier, and longer fire seasons,” UNEP said UN: Wildfires are projected to rise by 50 per cent by the...
Hannover Re transfers record volume of catastrophe bonds to the capital market
Hannover Re anticipates a record volume somewhat in excess of USD 100 billion for the ILS market in 2022. This comes after a volume of around USD 95 billion in 2021, a figure that does not include securitisations in the area of mortgage financing Hannover: Hannover Re...
Omicron sublineage BA.2 remains a variant of concern
Although BA.2 sequences are increasing in proportion relative to other Omicron sublineages, there is still a reported decline in overall cases globally The BA.2 virus, a sublineage of the Omicron COVID-19 mutation, should continue to be considered a variant of...
Lot of buzz, interest in market for LIC IPO: Sitharaman
Finance Minister Nirmala Sitharaman ''Now that DRHP (for LIC IPO) is out, there is a buzz and a lot of interest in the market. I am glad the way in which it is crafted where shareholders also have a role to play. The way it has been crafted has created a lot of...
France bans import of meat from animals on growth antibiotics
By giving antibiotics when the animals are not sick, the bacteria get used to the remedy and gradually develop resistance, making antibiotics less effective when really needed, the ministry said France adopted a decree on Tuesday banning imports of meat from animals...
Volkswagen’s cargo ship fire losses to be at least $155 million: Russel Group
Of the roughly $438 million total value of goods aboard the Felicity Ace, which went up in flames off the coast of Portugal’s Azores Islands,Russell Group said Monday it estimates there are $401 million worth of cars. The consultant estimates auto companies other than...
Airbus and engine maker CFM to test hydrogen plane propulsion
Airbus has said it will produce a small "ZEROe" passenger aircraft powered by hydrogen to enter service in 2035. It told the European Union a year ago that most airliners will rely on traditional jet engines until at least 2050, according to a briefing made public...
EU draft law would require firms to check suppliers for human rights, environmental ethics
EU firms will have to make sure that their suppliers are not using forced labour, child labour, of inadequate workplace health and safety, exploitation of workers, or environmental offences like greenhouse gas emissions, pollution, or biodiversity loss and ecosystem...
Skymet predicts ‘normal’ monsoon in 2022
The agency said it is in the process of gathering data sets pertinent for a comprehensive monsoon forecast and intends to release a detailed report in April New Delhi: Private weather forecasting agency Skymet has predicted a normal monsoon this year which is expected...
India to have 1 billion smartphone users by 2026: Deloitte
''Higher internet adoption is expected to fuel demand for smartphones; this increased demand will be propelled by the need to adopt fintech, e-health, and e-learning,'' it said. New Delhi: India will have 1 billion smartphone users by 2026 with rural areas driving the...
Potential investors in India LIC’s giant IPO fret over govt control of insurer -sources
How effectively LIC and its investment bankers are able to address the investor concerns will help in determining the insurer's valuation in the float, and consequently the state of finances of the Indian government which is banking on proceeds from the IPO to plug an...
Insurtech player RenewBuy acquires Artivatic.AI for Rs 75cr
The acquisition will allow RenewBuy to extend its tech solutions across the entire value chain – from sales, to underwriting and claim solutions ''We pioneered the digital agent distribution model, by putting an app in the hands of an agent. This led to a new...