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Indian
IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges...
AM Best affirms credit ratings of ICICI Lombard General Insurance
Despite its lack of underwriting profitability, ICICI Lombard has...
Govt appoints Fin Secy Tuhin K Pandey as new Sebi chief for 3 yrs
Tuhin Kanta Pandey, Chairman, Sebi IRDAI chief Debasish Panda will...
LIC receives GST demand notice of Rs 479.88 crore
The company has received a communication/demand order for interest...
International
Climate change makes forecasting harder, says Australia’s agriculture minister
“Climate change is having an impact. The models that we’ve...
ECB cyber stress test not to affect capital requirements
The exercise will assess how banks respond to and recover from a...
Japan earthquake casts cloud over push to restart nuclear plants
Nuclear power plants dot the coast of mountainous Japan, which is...
Driverless truck companies in US plan to ditch human copilots in 2024
After years of testing, Aurora Innovation Inc., Kodiak Robotics...
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Facts
UK households,locked down in April,cut debts by most on record
LONDON: British consumers cut their debts by the most on record and mortgage approvals slumped to a new low in April as the country spent the month in coronavirus lockdowns. Bank of England data published on Tuesday showed a net repayment of consumer credit of...
India”s COVID-19 recovery rate improving, fatality rate declining: Health Ministry
New Delhi: There has been a steady decline in India''s COVID-19 fatality rate which now stands at 2.83 per cent, much lower than in countries like the US, the UK, France and Italy, the Union Health Ministry said on Monday, even as India recorded...
Covid-19 has not changed in terms of transmissibility, severity: WHO expert
Geneva: There is no evidence that the novel coronavirus has changed both in terms of the transmissibility and the severity of the disease, said Maria Van Kerkhove, Covid-19 technical lead at the World Health Organization. The statement came in the wake...
India’s May jobless rate at 23.48% – private think-tank CMIE
NEW DELHI: India’s unemployment rate in May rose to 23.48%, marginally lower from 23.52% in April, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, reflecting the impact of coronavirus pandemic. ...
India asks internet service providers to block WeTransfer
NEW DELHI: India has ordered its internet service providers (ISPs) to block file-sharing website WeTransfer at a time when hundreds of millions of people are working from home because of a nationwide lockdown to stop the novel coronavirus. The order, dated May...
