EPFO, PMO data breach: Centre says aware of reports, Cert-In looking into details
A social media user has claimed that data from EPFO and PMO were leaked on the global software and code repository GitHub. Senior officials told ET that the government is aware of the claims but need to verify them first . Key Points
Economic TimesCan health insurer pay claims? Latest incurred claim ratio of general, health insurance companies in India
If you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember to check the latest claim settlement ratio of all insurers before finalising one. Irdai has released the claims payment details of general and health insurance companies for the financial year 2022-23. Key Points
Economic TimesGovernment settled Rs 2,302 crore under Vivaad Se Vishwas scheme so far
The Finance Ministry announced that the government has settled Rs 2,302 crore under the Vivaad Se Vishwas scheme, designed to address contractual disputes and claims from MSMEs that failed to meet government contract obligations during the COVID-19 period. The government has received over 900 claims amounting to Rs 20,000 crore, settling claims worth Rs 1,652 crore, with the remainder under examination by respective ministries/departments/organizations. Key Points
Economic TimesUK to probe Unilever's environmental claims as part of greenwashing crackdown
Britain's competition watchdog said on Tuesday it would scrutinise environmental claims made by UK consumer goods giant Unilever (ULVR.L) about certain household essential items, amid a wider crackdown on greenwashing. Key Points
ReutersDeadline extended: Vivad se Vishwas II scheme allows claim submission till December 31
The Ministry of Finance has extended the deadline for submitting claims under the Vivad se Vishwas II scheme, aimed at settling disputes in government contracts, to December 31, 2023. The scheme, applicable to domestic contractual disputes involving the government of India or government undertakings, offers settlement amounts based on court or arbitral awards. Key Points
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AstraZeneca refused to pay full bonus to US remote worker, lawsuit claims
AstraZeneca Pharmaceuticals LP (AZN.L) has been sued in the U.S. by a former senior director who claims the drugmaker refused to pay her nearly $130,000 in promised bonuses and stock options because she worked from home full-time. Key Points
ReutersGovt says crop insurance claims worth Rs 2,761.10 cr pending under PMFBY till 2021-22
Crop insurance claims worth Rs 2,761.10 crore under PMFBY were pending till 2021-22, with Rajasthan, Maharashtra and Gujarat being the states with the most pending claims. Admissible claims are usually paid within three months but some claims were delayed due to reasons like late release of premium subsidy and disputes. Key Points
Economic TimesGo First gets claims worth $2.9 bln from creditors - sources
Go Airlines (India) Ltd has received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors so far as part of the carrier's ongoing insolvency, two banking sources told Reuters. Key Points
ReutersGo First gets claims worth $2.9 billion from creditors: Sources
The process is in line with procedural requirements under Indian law which allow every creditor a right to payment and remedy by submitting claims if a company is under bankruptcy. Once the claims are filed, the resolution professional has to check its authenticity. Key Points
Economic Times3M reaches tentative $10 billion pollution settlement with US cities, Bloomberg reports
3M Co has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals," Bloomberg News reported on Friday, citing people familiar with the matter. Key Points
Reuters
US weekly jobless claims jump to 1-1/2-year high
The largest increase in applications in nearly two years reported by the Labor Department on Thursday, was driven by outsized rises in Ohio and California. The data also included last week's Memorial Day holiday. claims tend to be volatile around public holidays. Key Points
Economic TimesEvening brief: Monetary reward announced for proving 'The Kerala Story' claims
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times. | Latest News India Key Points
Hindustan TimesLife insurance: Disclose true health status when buying a term plan
Among the death claims, more than 85% are non-early in nature, i.e., the claims that arise three years after buying the policies. Key Points
FinancialexpressDespite high medical inflation only 15% of Indians made health insurance reimbursement claims above Rs 1 l
A survey has revealed that only about 0.2% Indians had made and received a health insurance reimbursement claim above Rs 10 lakh during April 2022-March 2023. Key Points
Economic TimesVivad se Vishwas: Govt accepts over 10k MSME claims worth Rs 256 cr for refunds
The Indian government has accepted over 10,000 claims from Micro, Small, and Medium Enterprises (MSMEs) under the dispute resolution scheme Vivad se Vishwas-I. The claims, totaling Rs 256 crore ($34 million), involve refunds for performance or bid security and liquidated damages forfeited by government departments and public sector entities during the COVID-19 period. Key Points
Economic TimesStocks gain as European shares hit new highs, dollar slips
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) - World stocks edged higher on Thursday, helped by surging European stocks and a larger-than-expected rise in U.S. weekly jobless claims that Key Points
ThePrintNew US jobless claims rise again as labor market cools
The rolls of those receiving benefits after one week of aid rose 14,000 from the week prior, reaching 1.875 million. Continued unemployment claims, a measure for hiring, have increased since mid-September, indicating those already out of work may be having difficulties getting a job. In November's economy, 199,000 new jobs emerged, up from 150,000 in October according to the Labor Department's non-farm payrolls report. The unemployment rate also fell moderately from the month prior, to 3.7% from 3.9%. Key Points
Economic TimesRBI invites firms to participate in Greenwashing TechSprint
The Reserve Bank of India plans to combat greenwashing in financial services, where exaggerated or unproven Environmental, Social and Governance (ESG) claims can damage market confidence in such products. Greenwashing involves making misleading statements about a product's positive environmental impact or ESG credentials. To address the issue, the regulator plans to participate in a virtual TechSprint event, which will bring together international regulators and firms to develop new tools to tackle greenwashing in financial services. Key Points
Economic TimesHope Modi govt comes out with strongest rebuttal to Chinese on their Arunachal claims: Mallikarjun Kharge
The Congress party in India reaffirmed Arunachal Pradesh as an integral part of the country and urged the Modi government to strongly counter Chinese claims on the state. China persists in asserting its territorial rights, despite India's dismissals. Congress condemns China's actions and calls for protecting India's sovereignty. Key Points
Economic TimesMEA calls China's claims over Arunachal Pradesh 'absurd', again
The Ministry of External Affairs denounced China's assertions regarding the Indian state of Arunachal Pradesh, affirming it as an integral part of India. Despite China's claims, India maintains that Arunachal Pradesh is inseparable from its territory and will continue to develop the region for its people. Key Points
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AutoStore and Ocado reach deal to settle patent litigation claims
Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday. Key Points
ReutersSubsidised tomato now priced Rs 80/kg
New Delhi: The Centre on Sunday announced that it will sell tomatoes at Rs 80 per kg in major cities of north India. At first, the Centre had started selling tomatoes at Rs 90 per kg to control the soaring prices, which saw a rise of Rs 80-Rs 100 in just one month. It was after the retail prices of Key Points
The Tribune IndiaU.S. GDP expanded 1.1% in first quarter
U.S. economic growth slowed more than expected in the first quarter as an acceleration in consumer spending was offset by businesses cutting back on inventory investment in anticipation of weaker demand this year amid higher borrowing costs. Key Points
The HinduU.S. weekly jobless claims fall more than expected
Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 192,000 for the week ended March 11, the Labor Department said on Thursday. Economists polled by Reuters had forecast 205,000 claims for the latest week. Key Points
Economic TimesTesla owners must arbitrate false advertising claims over autopilot feature- ruling
A California federal judge has ruled that a group of people who own cars made by Tesla Inc (TSLA.O) must pursue claims that the company misled the public about its autopilot features in individual arbitration rather than court. Key Points
Reuters
How sugar turned bitter for Bournvita
Mondelez India has received a notice from the child rights body NCPCR which has asked it to review or withdraw all misleading advertisements, packaging and labels. The NCPCR has also demanded a detailed explanation within seven days. Key Points
Economic TimesData breaches at PMO and EPFO, In-Cert officials brought in to probe allegations
On Tuesday, a social media user on platform X alleged the leakage of documents from Chinese cyber agencies on GitHub. The user claimed that these documents contained data from the EPFO, the Indian PMO, and various public and private organisations. Key Points
mintGold firms after US jobless claims, focus on NFP data
By Anushree Ashish Mukherjee (Reuters) - Gold prices gained on Thursday after data showed U.S. weekly jobless claims rose last week, while market focus shifted to the U.S. non-farm payrolls data for Key Points
ThePrintGold climbs nearer one-month peak, focus on NFP data
By Anushree Ashish Mukherjee (Reuters) - Gold climbed nearer a one-month high on Thursday after data showed U.S. weekly jobless claims rose last week, while market focus shifted to the U.S. non-farm Key Points
ThePrintCongressman Krishnamoorthi condemns Trump for alleged ‘birther’ claims against Nikki Haley
‘Any Republican who claims to support the South Asian community should condemn this rhetoric’. Indian-American Congressman Raja Krishnamoorthi has condemned... Key Points
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US announces charges in $2.5 billion healthcare fraud takedown
The U.S. Justice Department on Wednesday announced federal and local criminal charges targeting 78 defendants across 16 states as part of a law enforcement action involving $2.5 billion in alleged healthcare fraud schemes targeting elderly and disabled people, HIV patients and even pregnant women. Key Points
ReutersCAG audit flags PMJAY ‘gaps’: claims for treatment of the ‘dead’, several registrations on same Aadhaar
The CAG conducted a performance audit of PMJAY from September 2018 to March 2021. The report on its findings was tabled in the Rajya Sabha Tuesday. Key Points
ThePrintLatest health and general insurance claim settlement ratio released in 2024
Do you know how good is your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of your insurer. IRDAI has recently released the claim payment details of general and health insurance companies. Check here Key Points
Economic TimesCancer plaintiffs drill down on J&J's support for $8.9 bln talc deal
The lead negotiators for Johnson & Johnson's proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support the company has for the deal. Key Points
ReutersBournvita controversy rages on; many join issue on social media
The video was deleted by influencer Revant Himatsingka after he was served a legal notice by the company. The video had racked up around 12 million views and was also shared across social media platforms and by many prominent people. Key Points
Economic Times
Fact check: Are dietary supplements a rip-off?
Dietary supplements are a booming market. But promises of health benefits are often false. | Health Key Points
Hindustan TimesRupee to fall on dollar recovery on signs US job market remains robust
The Indian rupee is expected to decline on Friday after the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, lifting the U.S. dollar and U.S. yields. Key Points
Reuters