Prudential Singapore seeks collaboration with technology companies to chart the future of insurance

In a world that is seeing game-changing disruptions across geographies and sectors, Singapore has positioned itself as a centre of innovation. Much like India, the financial services industry in Singapore is also undergoing transformation. Today, the digital wave is changing the way we work. Several organisations in Singapore like Visa, PayPal, KPMG, DBS and more are working with technology companies to deal with the digital disruption. Prudential: Bridging scale-ups globally to enter the Singapore market Prudential, one of Singapore’s leading and longest-standing life insurers, is riding this transformation wave –…

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Parliamentary panel on finance seeks inquiry commission into IL&FS crisis

The government had re-constituted the IL&FS board after the crisis surfaced. The parliamentary standing committee on finance has asked the government to set up a high-level inquiry commission to identify the reasons behind the Infrastructure Leasing & Financial Services Ltd (IL&FS) default crisis. ET has reliably gathered that the panel, which will table its report in the matter on Wednesday, has specifically sought an investigation into the role of credit rating agencies (CRAs) and Life Insurance Corporation, IL&FS’ largest institutional stakeholder. The committee members met on Monday, and are said to have unanimously…

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Xiaomi Seeks to Reignite Global Push With Spain Launch

HIGHLIGHTS Xiaomi will sell a range of products in its first Western Europe market It will offer the Xiaomi Mi A1 smartphone in Spain Scooters, air purifiers, and coffee makers will also be sold Chinese smartphone maker Xiaomi launched sales in Spain on Tuesday, its first foray into Western Europe as it revs up a stalled global push into other developed markets around Europe and the United States. Xiaomi will initially sell its flagship Mi A1 smartphones, priced at EUR 229 (roughly Rs. 17,200) in Spain from Wednesday as well as internet-connected products including…

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North Korea nuclear crisis: US seeks tough UN approach

The US envoy to the UN has urged the Security Council to take the “strongest possible measures” against North Korea after its latest nuclear test. “The time has come to exhaust all diplomatic means before it is too late,” Nikki Haley told an emergency meeting of the council in New York. The US will circulate a new draft Security Council resolution, hoping for a vote next Monday. South Korea is set to scrap a warhead weight limit on its own missiles. President Moon Jae-in agreed in a phone call with…

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Body of varsities seeks revisit of higher education policy

Association of Indian Universities (AIU) on Friday sought urgent revisit of the three-decade old higher education policy in view the changes happening in the sector. When the policy was formulated in 1986, there was no Information Technology, internet, computers and smart class and now with all the facilities at the finger tip, there was the immediate need to revisit and revamp the policy, AIU Secretary General Prof Furqan Qamar told reporters in Coimbatore. It should not be a change for the sake of change, but a thorough reconstruction of present…

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Thousands of jobs at risk as India’s Tata Steel seeks British exit

India’s Tata Steel is seeking to sell Britain’s biggest steelmaking business, putting thousands of jobs at risk in an industry that once dominated Britain but has been brought low by falling prices, high costs and Chinese competition. After a marathon board meeting in Mumbai, Tata said it would draw a line under its almost decade-long foray into Britain’s steel industry, exiting the country entirely. The move could have an impact on Britain’s closely fought vote in three months over whether to stay in the European Union. Britain’s traditionally anti-EU media…

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