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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.
B C Patnaik takes charge as MD of LIC, new top team to oversee its IPO
The government in a major change, recently, had extended the retirement age of chairman of LIC to 62 and had given the current chairman MR Kumar, who was supposed to retire in June 2021, nine months of extension till March 2022.
Mohanty,59, is likely to succeed Kumar as the chairman of the corporation.
Flood-prone Mumbai digs in to tackle warming-worsened ‘monsoon mayhem’
Mumbai is part of the C40 Cities network, a group of nearly 100 major cities globally working to drive faster action on climate change. Each has committed to delivering a climate action plan designed to spur uptake of clean energy, boost adaptation to climate shifts and turn the 2015 Paris Agreement on climate change into an on-the-ground reality.
Mumbai launched its first Climate Action Plan (known as MCAP) this month. Amid dire predictions that large parts of the city could face inundation by 2050, it brings together different arms of the administration to try to fast-track solutions.
SC notice to Centre on PIL against Aadhar as mandatory ID proof for vaccination
The plea urged that authorities should not insist on the production of the Aadhar card as the only proof of identification for the purpose of administering COVID-19 vaccination.
The plea said that contrary to the practical actions of MoHFW, recently another Standard operating procedure (SOP) guideline has been issued by it wherein it directs the provision of vaccination for even those persons who do not possess any of the seven prescribed photo ID cards as mentioned in the CoWIN portal.
PM launches second phase of Swachh Bharat Mission-Urban, AMRUT
India is processing about one lakh tonne of waste every day, he said, adding that garbage mountains in cities will be processed and removed completely under the new phases of the two missions.
In line with the vision of the prime minister, SBM-U 2.0 and AMRUT 2.0 have been designed to realize the aspiration to make all cities garbage-free and water-secure, according to the Prime Minister’s Office (PMO).
Tatas and Max Life Insurance foray into pension sector, apply for licenses to become pension fund mangers
Axis bank also wants to set up a company as Pension Fund Manager and is waiting for approvals from Reserve Bank of india (RBI) which may be completed in next 15 days.
So far, NPS has seen a 60% jump in NPS onboarding in the first six months of this financial year and our returns (in CAGR) is more than 10% over a period of 12 years. The total corpus has grown to Rs. 6.67 trillion and the total number of subscribers is 4.60 crores as on 25th September, 2021.