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Centre’s Motor Vehicle Act wont be applicable for old petrol, diesel cars in Delhi, says transport minister Kailash Gahlot

by AIP Online Bureau | Jun 16, 2021 | Indian News, Non-Life, Regulation

  New Delhi: Diesel vehicles over 10 years old and Petrol vehicles over 15 years old will not be allowed to run on the roads of Delhi, state Transport Minister Kailash Gehlot said on Wednesday, adding that the Delhi Transport Department will fine Rs 10,000 owners...

IT cos to slash 3 million jobs; 30% of low-skill force by 2022: BoA

by AIP Online Bureau | Jun 16, 2021 | Eco/Invest/Demography, Facts, Technology

With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employ over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping USD 100 billion...

GM boosts spending on electric vehicles, to add two new U.S. battery plants

by AIP Online Bureau | Jun 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Technology

  DETROIT: General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits. The No. 1 U.S. automaker said it will now spend $35...

Singapore’s population growth slows down to 1.1% in 2010-20 decade

by AIP Online Bureau | Jun 16, 2021 | Eco/Invest/Demography, Facts, Life, Non-Life

   Singapore: Singapore's population grew at its lowest pace in the 2010-2020 decade at 1.1 per cent every year, a slowdown from 2.5 per cent annually in the preceding decade, according to a media report on Wednesday. The population data was released by...

US Justice Department sues to block Aon’s acquisition of Willis Towers Watson

by AIP Online Bureau | Jun 16, 2021 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Regulation, Reinsurance

  Washington: The U.S. Department of Justice filed a civil antitrust lawsuit today to block Aon’s $30 billion proposed acquisition of Willis Towers Watson, a transaction that would bring together two of the “Big Three” global insurance brokers....
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