Some pricing and competitive pressures will arise, alongside weak...
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Airbus Fleet Recall: Space weather in focus
The recall by Airbus could well "set a major precedent" by...
Swiss Re open to inorganic opportunities,says CEO Berger
“We are open to inorganic opportunities,” Swiss Re CEO Andreas...
Container rates soar on concerns of prolonged Red Sea disruption, inflation
"Tanker rates will increase and futures are up this morning," said John Kartsonas, managing partner at Breakwave Advisors, who added that dry bulk remains the least affected sector. Major importers like Tesla , Geely-owned Volvo Car and Ikea already have reported...
IRDAI imposes a fine of Rs 2 cr on Reliance General for violating norms
Reliance General Insurance Company (RGIC) is yet to decide whether to appeal against the IRDAI order in the Securities Appellate Tribunal, said the company sources Hyderabad: Insurance regulator IRDAI, in an order last week, has imposed a fine of Rs 2 crore against...
Tesla, Volvo Car pause output as Red Sea shipping crisis deepens
Late on Thursday, Tesla told Reuters it will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11, citing a lack of components after many ships were re-routed around the southern tip of Africa BERLIN/STOCKHOLM: Automakers Tesla and...
US regulator grounds Boeing 737 MAX 9 airplanes indefinitely, cancelling flights until Tuesday
Under more stringent supervision, the regulator will audit the Boeing 737 MAX 9 production line and suppliers and consider having an independent entity take over from Boeing certain aspects of certifying the safety of new aircraft that the FAA previously assigned to...
Red Sea Crisis: Commerce Min calls inter-ministerial meet On Jan 17 to discuss way forward on trade
The commerce ministry has also set up an internal strategic group, comprising additional secretaries of the ministry, to discuss global issues impacting the country's trade on a daily basis and prepare a strategy so that India's response can be quick and decisive The...
Ukraine in talks with Marsh on war risk insurance for air transport
Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February 2022. But Kyiv wants to reopen Boryspil International Airport just outside the capital as soon as possible once conditions permit, which it sees as a victory for Ukraine’s...
SC asks Centre to consider enhancing compensation in hit-and-run accidents
The bench noted that in the last five years, there were 660 deaths in hit and run cases and 113 injury cases, while only 205 claims were received under the Scheme during the financial year 2022-23 New Delhi: The Supreme Court has directed the Centre to consider...
Ahead of IPO, Medi Assist mobilises Rs 351 crore from anchor investors
Those who participated in the anchor bidding include Goldman Sachs, Nomura, Jupiter India Fund, Pinebridge Global Funds, SBI Life Insurance Company, Bajaj Allianz Life Insurance Company, and Aditya Birla Sun Life Insurance Company New Delhi: Medi Assist Healthcare...
How Houthi attacks on ships in the Red Sea are affecting global trade
In fact, 40% of Asia-Europe trade normally goes through the area, including a huge amount of energy supplies like oil and diesel fuel for import-dependent Europe, said John Stawpert, senior manager of environment and trade for the International Chamber of Shipping,...
Crude oil prices rise after US, UK attack Houthis
The Houthis attack is forcing ships to take a far longer route around Africa and can cause insurance costs to rocket. Companies can pass on the increased cost of moving their goods to consumers, raising prices again at a time when governments around the world have...