Senior Northeast Frontier Railway (NFR) official said, “Kavach has...
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CBIC urges public to discern modus operandi of fraudsters
The Ministry of Finance has referred to various news portals and...
13 people killed and 30 injured as Sealdah-bound Kanchanjungha Express collides with a goods train
"Unfortunate accident in NFR zone. Rescue operations going on at...
IMF sees evidence of normalisation of India’s economic activity, projects 12.5 pc growth in 2021
“The evidence we were getting in the last couple of months in terms of the normalisation of economic activity,” said IMF Chief Economist Gita Gopinath
Passenger vehicle sales jump 28 pc in March, Covid concerns remain: FADA
Commercial vehicles witnessed a downswing of 42.20 per cent to 67,372 registrations versus 1.16 lakh in March 2020. Two-wheeler registrations totalled 11.95 lakh last month compared to 18.46 lakh in March 2020, marking an downturn of 35.26 per cent.
However, passenger vehicle registrations edged higher by 28.39 per cent to 2.79 lakh from 2.17 lakh in the year-ago period.
CEO Mary Barra bets GM can grow beyond cars and trucks
The veteran GM engineer’s Global Innovation team is looking for new enterprises to expand the automaker’s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated $1.3 trillion. That doesn’t include flying cars, a market sector that alone could be worth $1.3 trillion, Fletcher told Reuters.
The goal is to become a diversified purveyor of mobility services – the automotive equivalent of Apple, with revenue that rolls in monthly or quarterly from software and services long after the initial product is sold.
India InsurTech Association and Xceedance join hands to promote insurtech sector in India
IIA has joined forces with Xceedance – as the principal sponsor – to forge global partnerships, develop talent, provide insurtech start-up resources, and build its core team. Co-founded by Shwetank Verma, Subhajit Mandal, and Prerak Sethi, IIA bring togethers various India-based insurtech start-ups, re/insurance companies, service providers, and insurance professionals to increase the velocity of digital transformation across the Indian insurance industry.
The association already includes 32 insurtech members, and facilitates networking and focused thought leadership sessions for its diverse constituents.
Indian PM rejects calls to widen vaccine access as infections hit record
“It’s not that you can set up these big vaccine factories overnight,” Modi said addressing chief ministers of states via video conference. “Whatever production we have got, we will have to prioritise.”
Many states including Maharashtra, Gujarat, Chhattisgarh, Punjab have crossed the first wave of peak in terms of COVID-19 cases. This is a serious concern. People have become complacent. In most states administration has also become relaxed,” he said.
WHO rejects SII’s proposal seeking extension of Covishield’s shelf life from 6 to 9 months
The move comes even as India’s drug regulator has extended Covishield’s shelf life from six to nine months from its manufacturing date.
India to review COVID-19 vaccines after blood clot warning – report
The review comes after Europe’s drug regulator said on Wednesday it found a possible link between AstraZeneca’s vaccine and rare blood clotting issues in adults who had received the shot, although it added the vaccine’s advantages still outweighed the risks.
India reports 1,15,736 new COVID-19 cases, highest ever daily record
Registering a steady increase for the 28th day in row, the active cases have increased to 8,43,473 comprising 6.59 per cent of the total infections, while the recovery rate has further dropped to 92.11 per cent, the data stated.
Wearing of mask mandatory even while driving alone: Delhi High Court
Justice Prathiba M Singh also refused to interfere with the Delhi government’s decision to impose challans for not wearing a mask while driving a private vehicle alone and dismissed the pleas challenging the same.
RBI holds rates at record lows amid concerns over rising COVID-19 cases
India’s central bank has slashed the repo rate by a total of 115 basis points (bps) since March 2020 to soften the blow from the pandemic. This follows 135 bps worth of rate cuts since the beginning of 2019.
“The MPC judged that monetary policy should remain accommodative till prospects of sustained recovery are well secured,” Governor Shaktikanta Das said.