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Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire
Despite uncertainties and high volatility surrounding it, Bitcoin may touch the $100,000 mark by the end of this year. The Bitcoin market cap alone has crossed $2.5 trillion amid its rising adoption globally, particularly in India. The global cryptocurrency market has...
New framework for climate-vulnerable countries reengineers approach to financing nat cat response
The framework is adaptable and scalable across multiple developing countries to address climate-exacerbated natural hazards and weather perils including drought, flooding tropical cyclones, convection storms, and wildfire London: The Insurance Task Force (ITF) as part...
Willis Towers Watson appoints Clare Muhiudeen as Head of Asia
Based in Hong Kong, Clare will be responsible for driving business growth and directing Willis Towers Watson’s (WTW) client and colleague experience across its business segments in Asia. Reporting to Pamela Thomson-Hall, Head of International at WTW, Clare succeeds...
APEC leaders meeting to chart path forward from pandemic
In all, APEC members account for nearly 3 billion people and about 60% of the world's GDP. They span the Pacific rim, from Chile to Russia to Thailand to Australia. Wellington:U.S. President Joe Biden and his Chinese counterpart Xi Jinping will have a rare virtual...
India’s decarbonization journey poses $15 trillion economic opportunity by 2070, says report
The five pillars -- energy, mobility, industry, infrastructure and cities, and agriculture -- contribute to over 90 per cent of India's greenhouse gas emissions, it said, adding India will need to address these pillars, alongside four cross-sectoral enablers, as part...
Mark Mobius bets on ’50-year rally’ in Indian stocks as China slows down
Mark Mobius “India is on a 50-year rally,” even if there are short bouts of bear markets, Mobius said in an interview on Bloomberg Television. “India is maybe where China used to be 10 years ago,” said Veteran investor Mark Mobius , adding the government policies of...
Installation of electric vehicle charger will cost Delhi residents Rs 2,500
Delhi government is providing a subsidy of Rs 6,000 to the first 30,000 applicants for charging stations bringing down effective cost of each charger to just around Rs 2,500. The incentives provided by Delhi government will reduce the cost of chargers by up to 70 per...
Shipping emissions must fall by a third by 2030 and reach zero before 2050 – new research
International shipping is a crucial part of the global economy — 90 per cent of the world’s trade is transported by sea. But almost all ships use fossil fuels and so the sector is also a major emitter of greenhouse gas pollution — with emissions roughly on a level...
Boeing Reachs $237.5 Million Settlement of Shareholders’ 737 MAX Safety Lawsuit
The settlement would also require Boeing to provide annual public reports on safety related enhancements implemented by the planemaker since the MAX air disasters. The financial penalty is to be paid by insurers to Boeing, the documents show, minus up to $29.7 million...
India’s latest Zika outbreak sees surge of nearly 100 cases
"There has been a surge in cases of the Zika virus and the health department has formed several teams to contain the spread," Dr Nepal Singh, chief medical officer of Kanpur district in India's most populous state of Uttar Pradesh, told Reuters. LUCKNOW, At least 89...
Swiss Re’s Pulse technology platform to be deployed by Mitsui Sumitomo group to manage global insurance programme
The PULSE platform, which was launched in 2019, will help MSIG streamline their technology landscape and overcome inefficiencies and data discrepancy challenges that come from managing multinational insurance programmes across multiple applications. collaboration....
FADA disappointed over auto sales
New Delhi: Automobile dealers' body FADA on Tuesday termed the current festive season as the worst in terms of business in a decade for its retail partners across the countryThe industry body, which represents over 15,000 auto dealers that own over 26,500 outlets...
PM Modi launches ‘Infrastructure for Resilient Island States’ for most vulnerable countries impacted by climate change
Glasgow: India on Tuesday launched an ambitious initiative for developing the infrastructure of small island nations, with Prime Minister Narendra Modi saying it will give a new hope, a new confidence and satisfaction of doing something for the most vulnerable...
CCI approves acquisition of 100 pc shareholding in Exide Life by HDFC Life Insurance
New Delhi: CCI approves acquisition of 100 pc shareholding in Exide Life by HDFC Life Insurance CompanyThe Competition Commission of India (CCI) approved the acquisition by HDFC Life Insurance Company (Acquirer) of 100 per cent shareholding in Exide Life Insurance...
India saw 125 extremely heavy rainfall events this Sept, Oct: IMD
New Delhi:India recorded 125 extremely heavy rainfall events during September and October in 2021, the highest in five years, owing to the late withdrawal of the southwest monsoon and higher-than-normal low-pressure systems, India Meteorological Department (IMD) said...
COVID-19 vaccine booster dose effective in reducing severe outcomes: Lancet
A third dose of COVID-19 vaccine is effective in reducing severe disease outcomes compared to individuals who have received two doses at least five months ago, according to the largest real-world study of Pfizer booster shot published in The Lancet. The study by...
Insurance claim liable to be rejected if lapsed on account of non-payment of premium: SC
New Delhi:An insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed that the terms of an insurance policy have to be strictly interpreted. The apex court observation came while setting aside...
India’s Tata Sons selected as winning bidder for Air India – Report
India’s finance ministry said on Friday reports suggesting the government has picked a winning bid for the debt-laden state-run airline Air India were incorrect.
“Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect,” the ministry said in a tweet. “Media will be informed of the Government decision as and when it is taken.”
Panel of ministers accepted a proposal from officials recommending the salt-to-software conglomerate ahead of an offer from Ajay Singh, promoter of India’s airline operator Spicejet Ltd, the report said.