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IFC invests Rs285 crore in long-term debts of Axis Max Life Insurance
Allen Forlemu, Interim Regional Vice President, Asia Pacific, International Finance Corporation, said: “ Our partnership with Axis Max Life for our first investment in the life insurance space in India allows us to contribute to a more resilient future for all....
Willis launches Data Centre Practice in Asia
The Data Centre sector in Asia is experiencing unprecedented growth, with the region likely to be the fastest growing one for data centre colocation over the next five years.According to Global Data, the pipeline of data centre construction projects is estimated to be...
Super Typhoon Fung-wong slams into Philippines, two dead
The typhoon could cover two-thirds of the Southeast Asian archipelago with its 1,800-kilometre-wide rain and wind band, forecasters said. It approached from the Pacific while the Philippines was still dealing with the devastation wrought by Typhoon Kalmaegi, which...
Data Centers: AI and cloud computing drive global construction boom
According to market research, up to $7 trillion will be spent on data centers by 2030 – a huge sum driven largely by technology companies in the US and China, while Europe lags a few paces behind. The tech industry’s big three, Amazon, Microsoft and Google Cloud,...
Willis appoints Vijay Nair as Head of Tax Insurance, Asia Pacific
Willis, a WTW business, appointed Vijay Nair as Head of Tax Insurance for Asia Pacific (APAC), based in Singapore. In this newly created role, Vijay will lead the growth of Willis’ tax insurance business across APAC, drive the execution of its M&A tax strategy and...
SCOR Investment Partners reaches USD 5 billion in AUM for its ILS strategy
Sidney Rostan, Head of Insurance-Linked Securities at SCOR Investment Partners, commented: "Reaching USD 5 billion in assets under management for our ILS investment platform is above all a collective achievement. This milestone validates our approach of building...
Changing Asian Risks: Increasing Competition,Economic Slowdown and Cyber Threats reshape business landscape
“Cyber Attacks/Data Breach” remains the number one risk across Asia. However, in 2025 “Increasing Competition” and “Exchange Rate Fluctuation” have risen sharply, reflecting the region’s dynamic markets and heightened exposure to global financial volatility, finds out...
Chronic kidney disease: India had 138 milion cases in 2023, 2nd globally
Chronic kidney disease is a major contributor to heart disease and accounted for almost 12 per cent of cardiovascular deaths around the world in 2023. It ranked as the seventh leading cause for heart-related mortality, ahead of diabetes and obesity, the team said...
AIC bags Asian Insurance Award as a tech pioneer
Mini George, executive director, AIC, is receiving 29th Asia Insurance Awards 2025 in Singapore AIC has developed SEWANxt, a flagship next -generation Core Insurance Solution built entirely in-house by its Software Development Group New Delhi: State owned Agriculture...
Commercial vehicle segment sees broad-based recovery in October, aided by infra push and festive logistics: Report
The growth was primarily led by strong demand in the light commercial vehicle (LCV) 2T-3.5T segment, which rose 13.8 per cent, aided by improved rural activity and festive season logistics New Delhi: The commercial vehicle (CV) segment witnessed a broad-based recovery...
India’s EV retail sales rise across segments in October amid passenger and commercial drove growth
According to the latest data from the Federation of Automobile Dealers Associations (FADA), the electric passenger vehicle (PV) segment experienced a strong 57.5 per cent year-over-year increase in retail sales, with 18,055 units sold, up from 11,464 units in October...
Govt plans AI-based eKYC, global credential verification in DigiLocker
“DigiLocker serves as the trust layer connecting citizens, ministries, and departments—enabling secure, interoperable, and accountable digital governance. Our vision is a future where every digital interaction is trusted, every citizen empowered, and every institution...
Flight operations at Delhi airport back to normal: DIAL
Delhi’s Indira Gandhi International Airport (IGIA), which has four runways, handles more than 1,500 flight movements daily Delhi: Delhi airport operator DIAL said on Saturday that flight operations at the country’s busiest airport are back to normal since afternoon,...
Rural consumption outshines urban demand as income growth, credit expansion and better rainfall boost consumption: Report
Urban consumption remained subdued in 2QFY26, ahead of the festive season, though indicators such as personal credit growth, petrol demand, and non-farm imports reflected continued resilience in discretionary spending. Passenger traffic, however, stayed largely flat....
Winter session of Parliament from Dec 1 to 19,may see tabling of Insurance Amendment Bill
Nirmala Sitharaman,Union Finance Minister Earlier, Finance Minister Nirmala Sitharaman had said Insurance Amendment Bill, is likely to be introduced in Parliament in the upcoming Winter session NEW DELHI: The Winter session of Parliament, which may see Insurance...
CCI clears merger of InsuranceDekho and RenewBuy entities
CCI said it has approved the proposed combination involving the merger of Girnar Finserv Private Limited, Girnar Insurance Brokers Private Limited, D2C Consulting Services Private Limited, and RB Info Services Private Limited into Artivatic Data Labs Private Limited...
Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval
Tesla CEO Elon Musk made a string of promises on stage - from, in April, beginning production of the Cybercab, its 2-seater steering-less robotaxi, to unveiling its next-generation Roadster electric sports car SAN FRANCISCO: Tesla CEO Elon Musk won shareholder...
Gold ETFs attract record net inflows in India, add $850 million in Oct
Overall, global gold ETF inflows reached $8.2 billion in October, placing the bullion market set to achieve one of its strongest years on record Mumbai: India’s gold exchange-traded funds (ETFs) saw $850 million in net inflows in October, taking the total to a record...