The branch will be based in GIFT City, India’s operational international financial services centre.International General Insurance Holdings Ltd. (IGI) has secured registration approval from the International Financial Services Centres Authority (IFSCA) to open a reinsurance branch in India.The new operation will be based in Gujarat International Finance Tec-City, known as GIFT City, which is India’s first and only operational international financial services centre. The Nasdaq-listed company will operate the branch through its UK subsidiary, International General Insurance Company (UK) Ltd.IGI plans to open the branch office, build a local team, and begin operations later this year. The India office will expand IGI’s…
Author: Isla
Six weeks ago Japan reportedly spent a record sum dragging this pair off exactly this shelf. On Tuesday, USD/JPY ground from an early low near 160.00 to a session high just shy of 160.50, its strongest level since the late April spike that triggered intervention, before settling just beneath the high into the close. The entire operation has now been round-tripped, politely, a handful of pips at a time, and the Ministry of Finance (MoF) has so far responded with vocabulary rather than Dollars.The intervention premium is goneThe late April yen-buying operation, reportedly the largest on record, plus a suspected…
Statutory periods for filing evidence must be adhered to and ‘negligent counsel’ defences will be rejected, according to a noteworthy judgment involving the tech giant’s ‘Tivoli’ mark, say C A Brijesh and Simranjot Kaur of Remfry & Sagar. In a significant ruling reinforcing the mandatory nature of procedural timelines under the Trade Marks Act, the Delhi High Court has set aside a Trade Mark Registry’s order that condoned an inordinate delay in filing evidence. The judgment, in the matter of International Business Machines v Tivoli Gardens & Anr [CA(COMM.IPD-TM) 45/2025], underscores that statutory periods for filing evidence in opposition proceedings…
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at EchoStar (NASDAQ:SATS) and the best and worst performers in the media & entertainment industry. Simply put, traditional media like linear TV is losing eyeballs and as a result, ad dollars as well. On the other hand, digital media such as streaming and social media are taking share of audience and ad spend. AI-driven content creation and digital advertising are continuing to evolve, which benefits companies in the sector that invest behind these…
China’s Belt and Road Initiative, the world’s largest ongoing infrastructure program, has a substantial climate impact. More than half its emissions stem from steel, the majority of which was produced in China. Cutting the emissions will require stronger environmental policies and major investment in cleaner manufacturing technologies, two new studies concluded. More than 130 million tons of carbon dioxide equivalent emissions are tied to the construction of transportation, energy, building and water projects that were part of China’s Belt and Road international development initiative from 2008 to 2024, according to a study published Monday in the journal Environmental Science &…
Citing aerial monitoring, the National Task Force for the West Philippine Sea, an inter-agency body overseeing Manila’s maritime strategy in the South China Sea, said on Tuesday that a floating platform six metres (19.7 feet) wide and six metres long was located within the shoal.The structure appeared to be an antenna and individuals were seen on board, the task force said.It said government agencies would continue to monitor developments and assess the nature, purpose and implications of the installation and related activities within the shoal, which is known as Huangyan Island in China and Panatag Shoal in the Philippines.The task…
Dubai’s emergency response centre delivered another 60 tonnes of aid to support the continuing emergency response efforts to the Ebola virus outbreak in the Democratic Republic of the Congo.Dubai Humanitarian delivered critical humanitarian and medical aid from the UN Humanitarian Response Depot, the World Health Organisation and Unicef through Uganda, state news agency Wam reported on Tuesday.The aid, ordered by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, was the second load sent from Dubai in consecutive days, after the emergency response centre delivered 20 tonnes of critical medical aid on Monday.”This is the second airlift we facilitate…
In a sky-high restaurant with Victoria Harbour as the backdrop, some of the city’s most influential residents celebrated the official launch of Rolex SailGP Championship’s 2027 Season in Hong Kong Tatler Hong Kong and SailGP hosted an exclusive dinner on May 20 at Cristal Room by Anne-Sophie Pic to mark the official launch of the Rolex SailGP Championship 2027 Season, unfolding next 23 January to 24 January in Hong Kong. Thirty VIPs and partners gathered 44 floors above Central, with Victoria Harbour as the backdrop, for an evening that introduced Hong Kong’s business and creative community to one of the…
‘Token Exports’ in Shantou: Data processing creates new path for digital service exports news.cgtn.com Source link
Bank Indonesia just did something it hasn’t done in eight years: raise interest rates outside of a scheduled policy meeting. The central bank hiked its benchmark 7-day reverse repo rate by 25 basis points to 5.50% on June 9, a move that caught markets off guard and underscored just how seriously policymakers are taking the rupiah’s freefall. This isn’t a one-off panic button. It’s the second rate increase in three weeks, following a larger 50 basis point hike on May 20 that marked BI’s first tightening since April 2024. Together, the back-to-back moves have pushed the benchmark rate up 75…