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Air India has 2,657 pending cases in Indian and international courts: Govt
These cases related to issues such as employee service matters, consumer complaints, commercial matters, Minister of State for Civil Aviation V K Singh said New Delhi: Air India has 2,657 cases pending against it in Indian and international courts on matters related...
‘Never Visualized’, SC hints at CAG probe in fake Covid death claims
A bench comprising Justices M.R. Shah and B.V. Nagarathna said: “We never visualized that this kind of fake claims could come. It’s a pious world. We never thought this scheme could be misused” Expressing concern on fake medical certificates, the bench said: “What is...
Govt to infuse Rs 5000 crore capital into 3 PSU general insurers this fiscal, higher wages for employees soon
Due to the deficit capital situation faced by three three general insurers- Oriental Insurance Company, United India Insurance and National Insurance Company, the government has not been able to approve the due wage revision of employees of PSU general insurance...
DPIIT notifies 20 pc FDI in LIC under automatic route
The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC.The Union Cabinet had last month approved the decision to facilitate disinvestment of the...
Mumbai becomes first South Asian city to detail net-zero roadmap
By 2050, rising sea levels are expected to flood those parts of the city. In total, unabated climate change could cost the city $920 million Drawing on inputs from officials, citizens, researchers and companies, Mumbai’s plan lists changes across six domains. This...
Investors richer by over Rs 13.16 lakh cr in five days of market rally
Domestic equities opened flat but gained momentum during the session, extending the rally for the fifth consecutive day. Global markets were mixed amid hopes for a diplomatic solution to the Ukraine war, but cautiousness prevailed as uncertainty looms with the...
Allianz, Swiss Re join other financial firms in turning from Russia
Insurance broker Willis Towers Watson also said on Sunday it would withdraw from Russia, following similar moves by rivals Marsh and Aon FRANKFURT: FRANKFURT/LONDON/ZURICH: Allianz and Swiss Re said on Monday they were cutting back on Russian business as European...
Govt planning mega LIC IPO by mid-May after markets calm down: Report
Life Insurance Corp.’s published embedded value will be valid for the IPO until May as per rules, said the people, who declined to be named as the information is not public yet. A delay beyond that would mean LIC would have to re-calculate the embedded value, a key...
Women employees in hospitality industry face more work-life pressure than men: Study
At the group-level, stereotyping by colleagues, preconceived notions and paternalistic attitudes of bosses are a major hindrance to the women employees, while at the firm-level, lack of mentoring opportunities and gender stereotypes by employers pose a grave challenge...
Covid vaccination for children aged 12-15 to begin this week: Report
"The vaccination of children in the age group of 12 -15 years is most likely to begin from Tuesday. Also, the co-morbidity clause for administering precaution doses to those aged 60 years and above would be removed," an official source said New Delhi: The Centre is...
Panda takes charge as new IRDA chief, wants faster decision making in the regulatory body
Debasish Panda, chairman, IRDAI `Yes, he has assumed the charge of the chairman of IRDA in New Delhi today. In his initial wish-list for the IRDA employees, he has preferred digital, quick decision making and quick renewals of licenses,'' confirmed IRDA sources New...
Investors push 10,000 companies to disclose environmental data to CDP
The call comes as money managers demand better information on climate change, biodiversity and water security to help them analyse the performance of company boards as the world looks to come good on a plan to limit human-driven global warming This year, more than 680...
Russian default no longer ‘improbable’, but no trigger for global financial crisis- IMF
Kristalina Georgieva, Managing Director,International Monetary Fund The total exposure of banks to Russia amounted to around $120 billion, an amount that while not insignificant, was "not systemically relevant," Russia may default on its debts in the wake of...
Major Chinese cities impose COVID-19 restriction as cases spike
The situation is not at ease even in the autonomous region of Hong Kong. About 300,000 Covid-19 patients and their close contacts in Hong Kong are now under home quarantine, according to the city's Chief Executive Carrie Lam Beijing: Amid a rapid resurgence of...
China faces consequences if it helps Russia evade sanctions over Ukraine – Sullivan
U.S. National Security Adviser Jake Sullivan "We are communicating directly, privately to Beijing, that there will absolutely be consequences for large-scale sanctions, evasion efforts or support to Russia to backfill them," Sullivan said. "We will not allow that to...
Insurer AIA launches $10-bln buyback on strong 2021 growth
The Asia-focussed insurer's value of new business or VONB, which measures expected profit from new premiums and is a key gauge for future growth, rose to $3.37 billion for the year ended Dec. 31, from $2.77 billion a year earlier China and Hong Kong accounted for...
Govt has time till May 12 for LIC IPO without seeking fresh Sebi approval
The official further said that although the market volatility has reduced in the last fortnight , it would wait for the market to stabilise further so that retail investors get confidence to invest in the stock. LIC has reserved up to 35 per cent of its total IPO size...
FPI selling continues for 6th straight month; net outflows at Rs 45,608 cr in March so far
Foreign portfolio investors (FPIs) fear that India would be impacted more by commodity price hikes, particularly in crude oil, since India is a major importer, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services Mumbai: Continuing their...