74% FDI allowed in insurance sector: amendment to Insurance Act

Andreas Milano

Introduction

For several years, stakeholders in the Indian insurance sector have wanted the foreign direct investment (FDI) limit for Indian insurers to be increased to 74% in parity with the FDI limit applicable to the private banking sector. On 1 February 2021, pursuant to the central budget speech for the financial year 2021-2022, the finance minister announced that the FDI cap for Indian insurers will be increased from 49% to 74%. In addition, it was announced that under the new framework:

  • foreign ownership and control would be allowed with safeguards;
  • the majority of directors on an insurer’s board of directors
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Bitcoin Nears Record Before Largest U.S. Crypto Exchange Listing

Andreas Milano

(Bloomberg) —

Bitcoin neared an all-time high on Monday as bullish sentiment gathered steam ahead of a listing by the largest U.S. cryptocurrency exchange.

The token rose as much as 2.6% to $61,229, the highest in nearly a month, before falling back to trade little changed. On March 13, Bitcoin reached a record of $61,742. The cryptocurrency is up almost ninefold in the past year, a return that towers above that of more familiar assets like equities or bullion.

Against the backdrop of Wall Street’s growing embrace of crypto, the direct listing of digital-token exchange Coinbase Global Inc. is fanning

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Gov. Wolf Highlights Support of Small Businesses During COVID-19 at PA Small Business Development Centers Conference

Andreas Milano


Governor Tom Wolf today highlighted the achievements of the Wolf Administration to support small businesses during the COVID-19 pandemic during the opening session of the Pennsylvania Small Business Development Centers’ (PASBDC) Growth Conference.

“Small businesses are a crucial part of our economy. They are our entrepreneurs, our community-focused employers, and our friends and neighbors. The Pennsylvania Small Business Development Centers are an essential resource for small businesses and I’m grateful for all of their hard work to help entrepreneurs develop new business ideas, make business plans, and navigate the myriad challenges of starting, running, or expanding a business,”

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Realme 5 Offers Very Efficient Processor Performance

Andreas Milano

Realme 5 is equipped with a Snapdragon Chipset 665, which is the successor of the Snapdragon 660. The Snapdragon 665 chipset has eight processors, aka Octa-Core, with details of Kryo 260 Gold quad-core 2.0 GHz for performance and Kryo 260 Silver quad-core 1.8 GHz for power efficiency. As for the graphics processor, the Adreno 610 GPU is embedded.

So, what about the performance of this Snapdragon 665? The following Antutu values ​​and 3D Mark Sling Shot benchmarks can be used as benchmarks.

Judging by the Antutu results, it can be seen that the performance of this cellphone is in the … Read More

Global Building and Construction Industry Report 2021: Technology Advances Enabling Sustainability in the Market – ResearchAndMarkets.com

Andreas Milano

DUBLIN–(BUSINESS WIRE)–The “Technology Advances Enabling Sustainability in Building and Construction Industry” report has been added to ResearchAndMarkets.com’s offering.

This research service titled ‘Technology Advances Enabling Sustainability in Building & Construction Industry’ focuses on identifying and analysing technologies that can improve sustainability of the building and construction industry. The research also evaluates the impact of these technologies on the SDGs.

The increasing industrialization and urbanization activities will further increase the global energy consumption and the subsequent carbon emissions thereby increasing the negative impacts of the building & construction industry on the environment. The improper disposal of hazardous and demolition

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Fintech Unsecured Lending: Challenges And Myths

Andreas Milano


6 min read

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Fintech, short form for financial technology, is the term used where intersection of technology and financial services happens. In India, fintech is disrupting all the sectors in financial services space such as payments, savings, lending, insurance, asset management, etc. As per EY Global FinTech Adoption Index 2019, fintech adoption has grown to 87 per cent in 2019 compared with 52 per cent in 2017. Private sector financial institutions (FI) are leading innovation in various fintech

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