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95 crore people now benefiting from social security schemes: PM Modi
“Today, around 95 crore people of the country are getting the...
Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may...
UK self-driving car dreams could break down at the starting line
Despite the government’s vision to be a world leader in AV technology, truly driverless cars are not currently permitted on Britain’s roads, making it difficult for start-ups to commercialize their vehicles and insurers to assess their risks. Britain could lose out on...
IRDAI appoints Zuno General Insurance as Goa’s lead insurer
Motor insurance dominates the market, accounting for approximately 77% of the state's Gross Written Premium (GWP), followed by fire and property insurance at 14%, and marine cargo and hull insurance at 3.5% Mumbai: Zuno General Insurance (Formerly Edelweiss General...
Amit Shah announces disaster management schemes worth Rs 8,000 crore
Amit Shah,Union Home Minister "A total of Rs 5,000 crore project to expand and modernize fire services in states, Rs 2,500 crore project for the seven most populous metros - Mumbai, Chennai, Kolkata Bengaluru, Hyderabad, Ahmedabad and Pune - to reduce the risk of...
Passenger vehicle wholesales rise 13.54 pc in May at 3,34,247 units: SIAM
New Delhi: As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,94,392 units in May 2022 Two-wheeler domestic wholesales were at 14,71,550 units, as...
Cyclone ‘Biparjoy’ may cause extensive damage, Reliance suspends Sikka diesel exports
Cyclone 'Biparjoy' may cause extensive damage and it is likely to impact Kutch, Devbhoomi Dwarka, and Jamnagar districts of Gujarat the most, the India Meteorological Department (IMD) said on Tuesday Reliance said in a letter sent to traders that it had declared a...
Gujarat braces for Cyclone Biparjoy; landfall likely on June 15, 7,500 moved to safety
Two of India biggest ports - Mundra and Kandla - are in the Gulf of Kutch, while the Jamnagar refinery, the world's biggest oil refinery complex owned by Reliance Industries, is based in Saurashtra Ahmedabad: A storm off India's west coast has strengthened to become a...
Climate change making air travel more bumpier, study finds
”Turbulence makes flights bumpy and can occasionally be dangerous. Airlines will need to start thinking about how they will manage the increased turbulence, as it costs the industry USD 150–500 million annually in the US alone,” said Mark Prosser, a PhD researcher at...
UN says London market insurance coverage secured to salvage rusting oil tanker off Yemen
The insurance is supported by significant engineering expertise, which has been mobilised to undertake the movement of the oil, and includes naval architects, chemists, surveyors and oil spill response organisations, as well as government entities and the UN London:...
Mutual funds invest more than Rs 2,400 crore in equities in May
According to the data available from the Securities and Exchange Board of India (Sebi), mutual funds infused a net sum of Rs 2,446 crore in equities as compared to a net withdrawal of Rs 4,533 crore in April New Delhi: After withdrawing capital from equities in April,...
Guj prepares for impact as cyclone Biparjoy likely to make landfall between Kutch and Pakistan’s Karachi
The India Meteorological Department (IMD) said the ''extremely severe cyclonic storm 'Biparjoy''' is very likely to cross Saurashtra-Kutch and adjoining Pakistan coasts between Mandvi in Gujarat and Karachi in Pakistan around the noon of June 15 with a maximum...