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Beazley expands miscellaneous medical liability offering to Asia Pacific
The product includes cover for medical malpractice (claims made), professional indemnity (claims made), public liability (claims made and occurrence) and product liability (claims made) Simgapore: Specialist insurer Beazley has enhanced its healthcare offering in Asia...
Regular international flights likely to resume from March 15
"Regular International flights is likely to resume from March 15. The Guidelines for International Arrivals, which came into effect from February 14, will be followed at airports for the passengers of these flights," an official source said New Delhi: Regular...
Watching geo-political situation carefully, keen on listing in March: LIC chief
The LIC public issue would be the biggest IPO in the history of the Indian stock market. Once listed, LIC's market valuation would be comparable to top companies like RIL and TCS Mumbai: Amid volatility in stock markets generated by tension between Russia and the US...
LIC wants to remain IDBI Bank shareholder for bancassurance gain
M R Kumar,chairperson,LIC Elaborating on bancassurance channel, Kumar said LIC has distribution tie up with 58,000 branches of different banks. There is still a lot of scope and headroom for growth on that front, he said adding that the corporation will also be keen...
Govt aims sustained recovery; infra spends will have multiplier effects: FM
Union Finance Minister Nirmala Sitharaman Stating that technology has helped the government make payments to the affected people during the pandemic, Sitharaman said it is also looking at how digital solutions can be deployed in the education and the farming sectors...
Digital divide is rapidly shrinking in India: PM Modi
Prime Minister Narendra Modi Addressing a webinar virtually on 'Post Budget Seminar: Fostering Strong Industry-Skill Linkage', the Prime Minister said, "Digital connectivity is what kept our education system alive in this time of a global pandemic. We are seeing how...
Low Budget allocation to healthcare: Fin secy says it is primarily states’ responsibility
Finance Secretary T V Somanathan Finance Secretary T V Somanathan said the Centre provides for some ''cross-cutting health infrastructure'' and also spends on the Pradhan Mantri Jan Arogya Yojana, which helps people from lower strata of the society to access...
Fires on vessels still one of the biggest safety issues for shipping industry: Allianz
There was a record 40 cargo-related fire incidents alone in 2019 or one every 10 days. Across all vessel types, the number of fires/explosions resulting in total losses hit a four-year high of 10 at the end of 2020– accounting for around one in five total losses...
Storm Eunice: how forecasters predicted super-strong winds days before it even formed
The improvement in the forecast is partly because of the hugely improved resolution of the supercomputer models. We can now simulate the earth in great detail, in four dimensions (including time). We also just have a better understanding of the science, and how...
China’s answer to rising sea levels, food insecurity: ‘seawater rice’
Climate change has made the task more urgent. China’s coastal waters have risen faster than the global average over the last 40 years, a worrying trend given the country’s deep reliance on its long and low eastern coast for grain production. Successfully growing...
World’s largest NFT marketplace OpenSea hacked, users lost NFTs
"We are actively investigating rumours of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website," the NFT marketplace posted in a tweet New Delhi: World's largest NFT (non-fungible...
Frequency of extreme events may increase all over India due to enhanced warming: Jitendra Singh
“Frequency of extreme precipitation events may increase all over India, and more prominently so over the central and southern parts in the near future as a response to enhanced warming,” Earth Sciences Minister Jitendra Singh had said in a written reply in the Lok...
IIT-Madras researchers propose drought, flood mitigation project for village in TN
It suggested implementing a rapid recharge technology, which, when developed, can bring several benefits, including mitigate floods and droughts, and create a subsurface dam for water storage without evaporation loss, distribute water automatically and equitably...
Govt to soon decide on giving additional charge of New India Assurance CMD
The finance ministry had proposed to give additional charge to Anjan Dey,CMD of Delhi based Oriental Insurance Company, till the appointment of a new CMD of the Mumbai-based NIA, sources said. The insurance sector regulator IRDAI has sought clarification from the...
Global artificial intelligence spending to reach $434 bn in 2022: Report
AI solutions are currently focused on business process problems and range from human augmentation to process improvement to planning and forecasting, empowering superior decisioning and outcomes "Advancements in language, voice and vision technologies, and multi-modal...
LIC’s Post IPO business plan a threat to private firms: Credit Suisse Report
The report notes that LIC's margin has already gone by up 700 bps to 9.9 percent after government amended LIC's surplus/profit distribution rules which allows it to make a 10 per cent shift in the business mix from participating policies to non-participating policies,...
Singaporeans fall prey to Chinese-origin ‘pig-butchering’ crypto scam
Losses average USD 134,940 per person, based on over 400 victims surveyed by the organisation from North America, Europe, Taiwan and South-east Asia, according to the report "They were asked to pay administrative fees, security fees or taxes in order to reap profits....
FPIs pull out Rs 18,856 cr from Indian markets in Feb so far
''Geopolitical tension and chances of a rate hike by US Fed have triggered outflows from FPIs in the recent times from the Indian equity markets. They sharply increased the pace of selling after the US Fed indicated an end of the ultra-loose monetary policy regime,''...