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Business

Insurance Penetration Below 1% in Nigeria, AXA Mansard CEO Says

Kunle Ahmed, CEO of AXA Mansard Insurance, revealed that insurance penetration in Nigeria remains below 1% of GDP despite a population over 220 million. Speaking at the launch of the "Culture of Care" campaign, he emphasized changing perceptions of insurance from an expense to a protection tool for families, businesses, and communities. The campaign highlights insurance's role in financial security, healthcare, and economic resilience amid industry reforms.

Brand Icon Image - Latest Brand, Tech And Business·

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Business

Soybean Prices Drop on Harvest Pressure and Fund Liquidation

Soybean futures on the Chicago Board of Trade fell due to fund liquidation and expectations of a decline in the August soybean crush. A record-large US crop harvest is pressuring prices, despite a slow harvest pace caused by wet late summer and early autumn weather. Wheat prices rose supported by a small US crop and a large Saudi Arabia import tender.

Mint Markets··Chicago

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World

Ancestor Remembrance Rituals Observed Worldwide

Pitru Paksha in India is a sacred fortnight dedicated to honoring ancestors through rituals like tarpana and pinda offerings. Similar traditions exist globally: Qingming in China involves grave cleaning and incense burning; Japan's Obon welcomes ancestral spirits with lanterns; Cambodia's Pchum Ben includes temple offerings; Mexico's Día de los Muertos celebrates with photos and food. Many countries share this universal practice of ancestor remembrance.

Deccan Herald·

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Technology

India's AI Growth Drives Rising Data Centre Energy Demand

India's rapid expansion in artificial intelligence and data centres is causing a significant rise in electricity demand, with data centre consumption projected to reach 50 TWh by 2030. Cooling systems may use 30–40% of this energy. Experts stress the need for water and cooling infrastructure development alongside digital growth. Generative AI's energy use, including image generation averaging 2.9 watt-hours per prompt, highlights environmental impacts.

Deccan Herald·

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Politics

Government Revises FASTag Rules for Divyangjan Vehicles

The government revised FASTag guidelines for vehicles registered under the Divyangjan category. Beneficiaries will receive exempted FASTags based on disability percentage shown on their disability certificate, UDID card, or other records. The Ministry of Road Transport and Highways simplified toll procedures by changing the renewal from annual to a new system to ease living for persons with disabilities.

The Hindu··New Delhi

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World

FlyDubai Flight 1073's 4-Hour Ordeal Ends in Emergency Landing

FlyDubai flight 1073 experienced a four-hour emergency after a cockpit fight between the wounded Indian captain and Omani copilot. The Boeing 737 Max 8 made steep descents and climbs, zigzagging for 200 seconds before safely landing at a Saudi airport. The captain is hospitalized, the copilot is under questioning, and investigations involve Israel, UAE, and Saudi Arabia. The flight carried 182 passengers, mostly Israelis, from Dubai to Tel Aviv.

HT World·

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