Indian

Govt likely to invite bids from merchant bankers this month

Jul 4, 2021

“We will invite bids for appointment of merchant bankers in the next couple of weeks, the official said, adding discussions are going on with institutional investors.”We are hoping to get regulatory approvals by November-end,” the official said.

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders.

NGT directs Jindal Saw Ltd to pay Rs 4 cr compensation for damaging houses by illegal blasting

Jul 4, 2021

The National Green Tribunal (NGT) said the company must take precautions in the future and blasting must be scientific so that it does not cause damage to the properties of people. These will be treated as conditions for mining and blasting, apart from the laid down safeguards, it said.

Govt readies amendments to GIBNA for insurance PSU privatisation

Jul 4, 2021

The NITI Aayog was entrusted with the task of recommending a suitable candidate for privatisation of two public sector banks and one general insurance company. The government think-tank is believed to have suggested the name of United India Insurance to the Core Group of Secretaries on Disinvestment headed by the Cabinet Secretary.

HC shocked over govt raising false claims with impunity, seeks rules to hold officers accountable

Jul 4, 2021

The high court, which termed it as a matter of grave concern, said it was of the prima facie view that whenever a false claim is raised by the government, it causes immense injustice to the litigant seeking justice and also puts unnecessary burden on the court.

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International

SCOR raises $ 250 mn of Cat Bond

Jun 3, 2019

The capital shield policy is a strategic axis for SCOR. The Group has regularly used capital market solutions for this purpose, having completed 16 transactions since 1999, including cat bonds, sidecars, mortality bonds and innovative contingent capital protections.

APAC remains top shipping loss region despite lowest loss figures globally this century:Allianz

Jun 3, 2019

With cyber losses set to become more prominent, companies are focusing more on cyber security assessments while some insurers are looking to clarify “silent” exposures. However, more contingency planning and stress testing of systems needs to be done to combat the growing number of loss scenarios, while new services could also help.

India, China to account for half of air passenger growth in 2 decades: IATA

Jun 2, 2019

With more number of people making air travel, India was one of the fastest growing domestic aviation markets in the world for nearly five years continuously. However, the growth turned negative in April mainly due to flight cancellations and subsequent grounding of full service carrier Jet Airways.

IATA cuts forecast for airline profits as US-China trade war intensifies

Jun 2, 2019

“Trust in the certification system has been damaged — among regulators, between regulators and the industry and with the flying public,” IATA Director General and Chief Executive Officer Alexandre de Juniac said in a speech on Sunday in Seoul. “While Boeing and the US Federal Aviation Administration are at center stage, the close collaboration of counterpart manufacturers and civil aviation authorities around the world is essential. Any rift between regulators is not in anybody’s interest.”

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