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Tata Motors aims to build 80,000 EVs in Fy 2022-23: Report

by AIP Online Bureau | Apr 28, 2022 | Indian News, Non-Life, Technology

By 2030, India wants electric models to make up 30% of total car sales. Tata accounts for 90% of India’s EV sales – a segment that still only represents 1% of the country’s annual sales of about 3 million vehicles Mumbai: Tata Motors expects to...

IndiGo becomes 1st airline to land aircraft using navigation system GAGAN

by AIP Online Bureau | Apr 28, 2022 | Indian News, Technology

“In India’s civil aviation sector, GAGAN will modernise the airspace, reduce flight delays, save fuel and improve flight safety,” the statement said The Directorate General of Civil Aviation (DGCA) has issued a mandate for all aircraft registered in...

Heat wave disrupts industrial activity as power demand soars in India

by AIP Online Bureau | Apr 28, 2022 | Eco/Invest/Demography, Indian News, Non-Life

Industrial disruption and widespread power cuts are also bad news for corporate India, as economic activity has just started to pick up after months of stagnation amid coronavirus lockdowns New Delhi: India’s northwestern Rajasthan state scheduled four hours of...

Price increases continue to moderate in Asian markets

by AIP Online Bureau | Apr 28, 2022 | Intermediaries, International News, Non-Life, Reinsurance

Globally, cyber insurance pricing continues to show significant rate increases — 110% in the US and 102% in the UK for the quarter London: Insurance pricing in the first quarter of 2022 in Asia increased 3%, down from 4% in the prior quarter, as price increases...

Britain proposes post-Brexit changes to insurer capital rules

by AIP Online Bureau | Apr 28, 2022 | International News, Life, Non-Life, Regulation, Reinsurance

Britain inherited the so-called Solvency II rules from the European Union, and reforming them is seen by industry and government as a key reform after Brexit to keep the financial sector globally competitive London: Britain launched on Thursday a public consultation...
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