Country Financial News

health insurance claims in Mumbai are due to seasonal infectious diseases, according to insurers. These ailments include vector-borne diseases like dengue and malaria, which see a spike in claims during July and August, and water-borne infections such as gastroenteritis, reported TOI. In winter, common claims arise from conditions like bronchitis and influenza. Many of these claims are linked to local hygiene conditions and could be largely avoidable. Health insurance claims data analyzed by Policybazaar reveals that mosquito-borne diseases such as dengue and malaria constitute 15% of all seasonal illness claims. The typical treatment costs for these diseases range from Rs 50,000 to Rs 1,50,000. The claims for these ailments notably increase in July and August due to the humid conditions conducive to mosquito breeding. Monsoon season also sees a rise in gastroenteritis, accounting for 18% of seasonal claims. The treatment costs for gastroenteritis are similar to those for malaria. Additionally, allergic reactions, which vary by region, contribute to another 10% of seasonal illness claims.

Shiv Sena (UBT) MP Sanjay Raut on Saturday reacted to the Supreme Court's bail to Manish Sisodia in the money laundering case linked to Delhi's excise policy scam. Speaking to ANI, Raut said Manish Sisodia has got bail after 17 months. He further added that this showed how a person was put in jail by deceit and that his rights were violated. «He was granted bail after 17 months. How a person is put in jail by deceit, and is not even allowed any bail, his rights are violated. I have also felt the same pain. The government in this country has no proper law and order. Be it Sanjay Singh or Anil Deshmukh, there are a lot of people I have seen,» he said.

Indian Ocean Region (IOR), connecting the Pacific and Atlantic Oceans, is emerging as a critical axis of global trade, skilled young population and geo-economic prosperity. However, this region has witnessed significant transformations in recent years. For instance, China's expanding influence from Bab-el-Mandeb to Strait of Malacca is posing new and unique challenges each passing day. This continues to pose challenges to the Quadrilateral Security Dialogue (Quad) group, whose sole aim is to create a cooperative bulwark against Chinese expansionism and aggressiveness. China’s economic and military might have increased, so has its interest in securing its maritime trade routes and expanding its influence across the Indian Ocean Region (IOR). Here, we are reminded of the quote by Admiral Alfred T Mahan, «whoever controls the seas controls the world». Furthermore, China’s Belt and Road Initiative (BRI) has seen significant investments in port infrastructure and maritime logistics, exemplified by projects like the Djibouti Port in the Horn of Africa, Gwadar Port in Pakistan, and the Hambantota Port in Sri Lanka among others.

Moon River in denim pedal pushers and a terry cloth turban in the 1962 classic Breakfast at Tiffany’s, she sparked not only a fashion revolution—she helped ignite an economic phenomenon. By the 1980s, denim had become a symbol of youth and minimalist style. Read this | When street fighter Manu Chhabria laid siege to Shaw Wallace Lalbhai recognized the potential for India, a country with a rich textile history but hampered by outdated machinery and processes, to make a mark in the global denim market.

India is the country among major global economies that experienced the fastest growth in intangible investment from 2011 to 2020, according to a recent report. The World Intellectual Property Organisation (WIPO) said in its report that India recorded the fastest growth in intangible investments, exceeding countries like Sweden and the US — the two most intensive economies in terms of intangible investment as a share of GDP.

Here is the list of award money athletes get for finishing on the podium in Olympics. Hong Kong and Singapore top the list for the highest cash payouts for Olympic victories.

Maldives have signed an agreement to introduce the Unified Payments Interface in the archipelago nation, which will have a «very positive» impact on its tourism sector, External Affairs Minister S Jaishankar has said. The Memorandum of Understanding was signed on Friday during Jaishankar's three-day official visit to the Maldives. «Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Ministry of Economic Development and Trade of Maldives on (the) introduction of (a) digital payment system in the Maldives,» he said in a post on X. Developed by the National Payments Corporation of India (NPCI), Unified Payment Interface (UPI) is an instant real-time payment system to facilitate inter-bank transactions through mobile phones.

HDFC faced a hostile banking landscape following the merger in 2022, HDFC Bank MD & CEO Sashidhar Jagdishan was quoted as saying by a ToI report on August 10. Jagdishan acknowledged that the banking landscape changed dramatically after the lender decided to merge with parent HDFC in April 2022, but he defended the decision. Speaking at the bank’s annual general meeting, Jagdishan highlighted that the global economic situation had shifted, altering their initial growth projections due to tighter liquidity conditions and shifts in consumer preferences. Jagdishan noted that the bank's decision to merge had initially factored in growth rates based on a benign liquidity environment. However, this changed after the Reserve Bank of India (RBI) announced a series of repo rate hikes from May 2022, starting with a 40 basis point increase, in response to rising commodity prices following the Ukraine invasion. These rate hikes, totaling 250 basis points, alongside RBI's measures to drain surplus liquidity, increased deposit costs for banks, impacting HDFC Bank significantly as it needed to raise deposits not only for incremental growth but also to cover HDFC's erstwhile assets.

Parliament by a Congress-led UPA government minister to emphasise that no concept of «national disaster» exists under the rules of the central government. The clarification came amid a demand, including from Leader of Opposition in the Lok Sabha Rahul Gandhi, that the landslide tragedy in Kerala's Wayanad be declared a national disaster. The then minister of state for home and Congress MP from Kerala Mullappally Ramachandran had told the Lok Sabha in 2013 in a reply to a question that «there is no provision to declare a natural disaster as a national disaster», the sources noted. The reply stated that the government of India adjudges a calamity of severe nature on case-to-case basis, taking into account its intensity and magnitude, level of relief assistance, capacity of the state government to tackle the problem, and alternatives and flexibility available within the plan to provide succour and relief etc.

Donald Trump, former US President and GOP presidential nominee delivered his speech at the Bitcoin 2024 conference, it soon made headlines all across the world. Trump reiterated his plan to establish his country as the “Crypto Capital” and “Bitcoin Superpower” of the world — providing much hope to American crypto enthusiasts. Since Bitcoin was released, it has grown rapidly to become the top new asset class in the world. While world governments did not perceive it as a financial changemaker asset at first, the significant adoption rates globally have forced them to think otherwise. For instance, the US government did not have a high opinion of BTC and other cryptocurrencies in the past decade, but the scenario has changed drastically since then as Trump pledged to create a “strategic reserve” of Bitcoin for the US government. Additionally, Trump raised a significant amount of Bitcoin campaign funding which helped to bolster his claims as BTC price soared thereafter.

Mass Deportation Now!" declared the signs at the Republican National Convention, giving a full embrace to Donald Trump's pledge to expel millions of migrants in the largest deportation program in American history. Some Republicans aren't quite ready for that. Lauren B. Pena, a Republican activist from Texas, said that hearing Trump's calls for mass deportations, as well as terms like «illegals» and «invasion» thrown around at the convention, made her feel uncomfortable. Like some Republicans in Congress who have advanced balanced approaches to immigration, she hopes Trump is just blustering.

Bangladesh was hailed as an economic miracle. Its singular focus on exporting textiles and apparel delivered rapid growth, lifting millions out of poverty and winning the country's prime minister, Sheikh Hasina, fame and admiration. But Hasina's abrupt exit from power this week has exposed the limitations of that strategy, as Bangladesh struggles to combat steep inflation and joblessness that economists say are largely the result of poor policy decisions. Her increasingly authoritarian rule and Bangladesh's widespread corruption only added to the frustration that boiled over and forced her ouster. Now, Bangladesh must decide its future.

Ukrainian incursion into Russia's Kursk region was the largest such cross-border raid by Kyiv's forces in the nearly 2½-year war, exposing Russia's vulnerabilities and dealing a painful blow to the Kremlin. The surprise foray has prompted thousands of civilians to flee the region as the Russian military struggles to repel the attack. For Ukraine, the cross-border raid offers a much-needed boost to public morale at a time when the country's undermanned and under-gunned forces have faced relentless Russian attacks along the more than 1,000 kilometre front line. A glance at the Ukrainian raid and its implications.

Japan is to live with the risk of a devastating earthquake at any time. Usually, however, people tend to view that threat in the abstract. It’s kind of like thinking about death — I know I’ll die someday, but I hope it won’t be today. And so far, at least, I keep getting lucky. Until we don’t. Thursday’s announcement from Japanese authorities, warning of an increased risk of a long-feared megaquake, forced citizens to consider the very real and immediate danger of an event that would devastate the country and upend life as we know it.

Bangladesh Prime Minister Sheikh Hasina Sajeeb Wazed Joy has expressed gratitude to Prime Minister Narendra Modi for his government's quick action following the developments in the neighbouring country which led to her departure. Sheikh Hasina's son also dismissed media reports of a revocation of her visa stating that no one has revoked the visa of the Awami League leader and neither has she applied for political asylum anywhere. In an exclusive interview with ANI, Wazed said «No one has revoked her visa. She has not applied for political asylum anywhere. Those are all rumors.»

Olympic uniforms as an official sport, and give away medals for the same, looking at the amount of craze and love viewers have for these attires of different nations, typically worn during Olympics opening and closing ceremonies.

NaBFID), which funds India's infrastructure sector, is raising at least '1,000 crore by issuing a rare 20-year bond, the first of its kind from a development finance institution (DFI) from the country in many years. «The bond will be priced on Monday with a base issue size of '1,000 crore with the option of increasing the size by another '4,000 crore. Insurance companies and pension funds which are the only buyers of this security have already been sounded off,» said a person aware of the issue. The company's debt is rated AAA.

green bonds and also help expand the broader debt market. To enable companies to issue Environmental, Social, and Governance (ESG) bonds locally, the Reserve Bank of India's (RBI) chief general manager Dimple Bhandia talked about the need for an enabling framework for such green bonds within the country, at an Assocham event Friday.

As per market trackers Counterpoint Research and IDC, four Chinese brands-Xiaomi, Vivo, Realme and Oppo-are ranked in the top five for smartphones. The only one not from that country is South Korea's Samsung. Industry executives estimate this will translate into combined sales of almost Rs 90,000-95,000 crore. China's Xiaomi was examined by Indian government agencies over alleged foreign exchange violations in 2022, which coincided with a large proportion of its top leadership changing. The company ceded its No. 1 spot in the December quarter of 2022 to Samsung, eventually sliding to fourth. But by the June quarter this year, Xiaomi was back at the top on the back of an aggressive expansion in offline retail. Vivo is another Chinese company that has faced investigations over allegations of tax violations and money laundering.

Blake Lively’s new film, “It Ends With Us,” has been banned in Qatar due to scenes involving kissing. The decision highlights the country's strict censorship laws that often affect Hollywood films.