Under vehicle-to-vehicle(V2V) communication technology, the driver...
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Govt may approve PSU gen insurers’ wage revision proposals by Feb 15
Parshant Kumar Goyal, joint secretary, DFS In a meeting of all...
Bajaj Group completes acquisition of 23% stake in insurance companies from Allianz for Rs 21,390 crore
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv. The...
US court levies $194 mn penal charges on TCS for misappropriation of trade secrets
The order has been passed against the company in a case filed by Computer Sciences Corporation (CSC) — now merged with DXC Technology Company (DXC) — alleging misappropriation of its trade secrets before United States District Court, Northern District of Texas, Dallas...
Rajasthan finds some MDH and Everest spices unsafe for consumption
Rajasthan checked samples of many spices and found a batch of Everest spice mix and two of MDH's "unsafe", according to a private letter from Shubhra Singh, additional chief secretary, Rajasthan to the Food Safety and Standards Authority of India (FSSAI). India's...
Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance
“There is a temporary blip in the market momentum, due to a lack of fresh triggers after the hawkish commentary from the US Fed, lowering the plausibility of a rate cut in the short-term. A near-term consolidation seems probable as domestic investors await cues from...
Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC
A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla was hearing a petition filed by one Jaiprakash Kulkarni and Pharma Search Ayurveda Private Limited challenging an order passed by the Banking Ombudsman refusing to direct the Bank of Baroda to refund...
RCap resolution: NCLT to hear IIHL plea for deadline extension on June 20
IIHL has moved NCLT seeking a 90-day extension beyond the deadline to implement the resolution plan for acquiring Reliance Capital for a consideration of Rs 9,850 crore Mumbai: National Company Law Tribunal (NCLT) will hear the plea of Hinduja Group firm IndusInd...
IRDAI wants life insurers to pay Surrender Value from 1st yr, allows customers more facilities against their life insurance policies
We note that the final guidelines are somewhat more favorable than the earlier draft. Based on our preliminary calculations, surrender income could decrease by approximately 55-70%. It's too early to quantify the impact on the Value of New Business (VNB) margin, as...
Fizzling monsoon could prolong heatwave in north, says IMD
"The monsoon has slowed down after reaching Maharashtra and may take a week to regain momentum," an official of the India Meteorological Department (IMD) told Reuters New Delhi: India's monsoon rains have lost momentum after covering western regions ahead of schedule,...
Govt to ensure ease of living for all citizens: FM Sitharaman
Nirmala Sitharaman, Union Finance Minister She also stated that the reforms undertaken since 2014 will continue, which will further provide macroeconomic stability and growth for India. She also highlighted India's commendable growth story in recent years amidst...
Parametric Play: Insurance helps 46,000 Indian women avoid deadly work during heat waves
As soon as temperatures breached 43.6C in Ahmedabad, Makwana and thousands of other women were told that ICICI Lombard, an insurance company, would pay them a portion of their daily wages. The Self-Employed Women’s Association labour union runs the insurance...
WHO confirms human case of bird flu in India, 2nd case since 2019
While the H9N2 virus typically tends to cause mild illness, the United Nations agency said that further sporadic human cases could occur as this virus is one of the most prevalent avian influenza viruses circulating in poultry in different regions New Delhi: The World...