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Manoj Dharmani | Photo Credit: Special Arrangement DUDigital Global, a provider of digital solutions in the visa services sector, has announced the appointment of Manoj Dharmani as its Chief Executive Officer (CEO). Effective April, he will be responsible for managing all aspects of the company’s operations, including business development, product innovation, and client relations, the…
State-owned Life Insurance Corporation of India, General Insurance Corporation of India and New India Assurance Company remain Domestic Systemically Important Insurers (D-Slls) and hence subjected to enhanced regulatory supervision, according to insurance regulator IRDAI. D-Slls refer to insurers of such size, market importance and domestic and global inter connectedness, whose distress or failure would cause…
Read More “Insurance regulator IRDAI retains LIC, GIC Re, New India Assurance as D-Slls ” »
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers | Photo Credit: Special Arrangement Kalyan Jewellers India Ltd. is gearing up to foray into the United States market in the coming financial year. The company plans to set up one store each in New Jersey and Chicago. This is part of the company’s plans to open six jewellery…
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall. U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting…
Read More “Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud” »
Maitreesh Ghatak, London School of Economics speaking at the pre-event session of 64th conference of Indian Society of Labour Economics on ’Growing apart? Growth, poverty and inequality in post-liberalisation India’, held at University of Hyderabad on March 28, 2024. | Photo Credit: Serish Nanisetti The train engine is moving fast, the coaches nearest to it…
Read More “Economist underlines snail-paced growth of India’s per capita GDP” »
Only 4% of organisations in India have a ‘mature’ level of readiness needed to be resilient against modern cybersecurity risks, said Cisco in its ‘2023 Cybersecurity Readiness Index’. Enterprises today continue to be targeted with a variety of techniques that range from phishing and ransomware to supply chain and social engineering attacks, as per the…
Read More “Only 4% of organisations in India ready to tackle cybersecurity risks: Cisco” »
Net claims of non-residents on India declined by $12.2 billion during October-December 2023 to $370.4 billion as at end-December 2023, data released by the Reserve Bank of India (RBI) showed. “The decline in net claims was due to the higher rise in Indian residents’ overseas financial assets ($40.7 billion) as compared to the increase in…
Read More “Net claims of NRIs on India declined by $12.2 bn. during Oct.-Dec. 2023” »
A woman walks past an election campaign poster of the Bharatiya Janata Party (BJP) featuring their leader and India’s Prime Minister Narendra Modi (R), along a street in Varanasi on March 24, 2024, ahead of the country’s upcoming general elections. (Photo by Niharika KULKARNI / AFP) | Photo Credit: NIHARIKA KULKARNI Signalling a sharp rise…
Read More “Pre-poll spending spike lifts fiscal deficit to 86.5% by Feb.” »
Photo used for representation purpose only. Core sectors’ output growth was led by double-digit upticks in cement also. | Photo Credit: The Hindu India’s eight core sectors’ output growth spurted to a three-month high of 6.7% in February, led by double-digit upticks in coal, natural gas and cement even as fertilisers’ production fell 9.5% to…
Read More “Eight core sectors’ output growth spurts to three-month high of 6.7% in February” »
Photo used for representation purpose only. Core sectors’ output growth was led by double-digit upticks in cement also. | Photo Credit: The Hindu India’s eight core sectors’ output growth spurted to a three-month high of 6.7% in February, led by double-digit upticks in coal, natural gas and cement even as fertilisers’ production fell 9.5% to…
Read More “Core sector output growth spurts to 6.7% in February 2024” »
