Oil prices have climbed above $100 a barrel for the first time in more than three and a half years as the escalating war involving Iran disrupts energy production and shipping routes across the Middle East. US President Donald Trump called it a “very small price to pay for world peace”.“Short term oil prices, which…
NEW DELHI: There was a time when some of India’s leading banking and financial services firms had women at the helm, making these sectors a visible symbol of gender diversity. Today, that centre of gravity has shifted.Consumer-facing industries and pharmaceuticals have emerged as the new strongholds for women CEOs, reflecting where long-standing leadership pipelines are…
MUMBAI: Axis Bank has entered into an agreement with Max Financial Services to pursue a listing of their life insurance joint venture, Axis Max Life Insurance, by April 2027, potentially through a merger of Max Financial into the insurer. The agreement outlines a sequence of options to unlock value from the insurance business, with the…
Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day…
MUMBAI: Star Health Insurance, the largest health insurance company in the country, expects most cashless hospitalisation claims to be settled straight through using artificial intelligence within two years. Currently, a fifth of the claims are settled using AI helping the company meet the timelines for pre-admission and post-discharge hospitalisation.A directive from the regulator requires completion…
US financial services company Charles Schwab has leased about 340,000 sft of office space in Hyderabad, with capacity to accommodate around 2,000 employees, according to documents sourced from real estate analytics platform Propstack.The brokerage firm had earlier incorporated a new legal entity, Charles Schwab Services India (Schwab India), and established an employment centre in Hyderabad.“The…
Stranded UAE Workers: What Happens to Your Job and Salary Amidst Regional Instability? Thousands of residents across the United Arab Emirates have recently found themselves unexpectedly stranded outside the country due to flight disruptions, airspace closures and regional instability amid Iran vs US-Israel war. For many employees working in the UAE, the sudden inability to…
Foreign portfolio investors (FPIs) turned heavy sellers in Indian equities during the first week of March, pulling out nearly Rs 21,000 crore (about $2.3 billion) over four trading sessions as global risk appetite weakened amid escalating tensions in the Middle East The withdrawals came between March 2 and March 6 in the cash market. Trading…
After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven…
NEW DELHI: Air India announced on Sunday that it will operate 78 additional flights on nine international routes between March 10 and 18. The move aims to offer more travel options amid disruptions caused by the ongoing conflict in the Middle East.According to the airline, these flights will link Delhi with New York, London, Frankfurt,…