Air India had renewed its mega $20 billion insurance policy with...
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With India push, global commercial aircraft fleet size to double to almost 50,000 planes over the next 20 years
The global in-service fleet will swell by 24,480 units to 49,210...
Missiles, drones and proliferating conflict zones increasing burden on airline operations and profitability
Airlines are racking up costs and losing market share from canceled...
InsuranceDekho receives Rs 300 crore of funding from Goldman Sachs Grp, valued at Rs 1100 crore
The sole source of income for Insurance Dekho is insurance brokerage and commission, which increased by 61% to Rs 47.91 crore in FY22 from Rs 29.71 crore in FY22. In the most recent fiscal year, the company’s losses increased by 55.6% to Rs 72.29 crore. At the group...
Dhami orders immediate evacuation of 600 families in Joshimath
All construction activities related to mega projects like the chardham all weather road and the NTPC’s hydel project have been stopped till further orders on the demand of residents. The Auli ropeway, which is Asia’s biggest, has been stopped after a huge crack...
Black Sea shipping rates rise as reinsurers cut cover
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said The Black Sea is crucial for the shipment of grain, oil and oil products....
Indeerjit Singh appointed as new Secy General of GI Council
Singh, who is supposed to retire in June end, will now opt for VRS to take charge of his new assignment at the GI Council at the earliest. The council will also have a new chairman shortly as Anjan Dey, CMD, Oriental Insurance Company(OIC), who is also heading the...
Total vehicle retail sales jump 15 pc to 2.11 cr units in 2022: FADA
The passenger vehicle (PV) category during this period continued to gain new grounds by clocking 34.31 lakh retails during the full year. This is by far, the highest retails which PV has done till date.'' Singhania, however, lamented that the two-wheeler segment once...
Delhi registers highest monthly electric vehicle sales in December across states
In December, Delhi registered 7,046 electric vehicles with a year-on-year growth of 86 per cent. Since the launch of the EV policy, the UT registered 93,239 electric vehicles, of which two-wheelers contribute nearly 55 per cent of the total EV sales in the year 2022....
PSU gen insurers and unions to meet on Jan 12 for sorting out differences over E&Y recommendations on restructuring
A section of employees of public sector general insurance companies had given a call to go on strike on January 4 against the proposed unilateral restructuring in the state-run insurers. The unions alleged that the proposed restructuring would weaken the public sector...
Future Generali provides health covers for LGBTQIA+ community
Future Generali India Insurance (FGII), has has expanded its definition of ‘family’ across all its retail health insurance offerings, to include LGBTQIA+ community and live-in partners. Ruchika Malhan Varma, chief marketing officer, Future Generali India Insurance...
South Korea fines Tesla $2.2 mln for exaggerating driving range of EVs
The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the "driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers" on its official local website since...
Toyota Motor’s Indian unit warns of a possible customer data breach
"Toyota Kirloskar Motor (TKM) has been notified by one of its service providers of an incident that might have exposed personal information of some of TKM's customers on the internet", TKM said in an emailed statement without disclosing the size of the data breach or...