The engine fire is the latest in a series of high-profile aviation...
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Baba Ramdev’s Patanjali Ayurved forays into general insurance, buys majority stake in Magma General Insurance
Patanjali Ayurved, along with other investors, have bought...
Lockton India appoints Anand Kaul as its MD of Transactional Lines
Lockton, the world’s largest independent insurance broker, has...
Around 30 flight incidents occur per day in India, majority have no safety implications: DGCA chief
Arun Kumar, chief of aviation regulator DGCA In a statement on Wednesday, Arun Kumar, chief of aviation regulator DGCA said: ''On an average, about 30 incidents do take place, which includes go around, missed approaches, diversion, medical emergencies, weather issues,...
Vistara aircraft engine fails after landing at Delhi, passengers safe
In a statement, a Vistara spokesperson said: “After landing in Delhi, while taxing to the parking bay, IDG on our flight UK122 (BKK-DEL) had a minor electrical malfunction on 05 July, 2022. Keeping passenger safety and comfort in mind the crew elected to tow the...
IRDAI allows `Floater’, `Pay as You Drive’ and `Pay How You Drive’ in motor OD policies
The concept of Motor Insurance is constantly evolving. The advent of technology has created a relentless pace for the insurance fraternity to rise up to interesting yet challenging demands of the millennials. The general insurance sector needs to keep pace with and...
Many non-Russian shipowners still transport Russian crude, reap big rewards
Shippers can earn around $1.6 million hauling Russian ESPO oil on a small tanker from the eastern port of Kozmino to China, said shipbrokers. That’s around triple the amount prior to the invasion of Ukraine, based on data compiled by Bloomberg. The lucrative trade has...
Govt rejects demands by industry bodies seeking zero-rating GST on healthcare services
Tarun Bajaj,Revenue secretary Responding to the representations of the industry, revenue secretary Tarun Bajaj also rejected the demand for zero-rating for healthcare industry saying such ''carve-outs'' may generate similar demands from other sectors, like education,...
Mumbai-bound SpiceJet Q400’s windshield outerpane cracks mid-air
Officials said the Kandla-Mumbai flight of SpiceJet was at 23,000 feet altitude when the windshield's outer pane cracked This is at least the seventh incident of technical malfunction happening on SpiceJet aircraft in the last 17 days Earlier in the day, SpiceJet's...
SBI General Insurance launches comprehensive cyber insurance cover for individuals
Anand Pejawar, Deputy managing director, SBI General Insurance SBI General Cyber VaultEdge covers unauthorised e-transactions, loss of wages resulting from identity theft and instances impacting online reputation including social media trolling, bullying, and...
Inflationary recession, a key concern for global re/insurance industry: economists and strategist at Geneva Association meeting
Given the instability and distortions that come with protracted high inflation, it could have a negative impact on the growth of insurance markets and insurance penetration. Insurers have a big tool kit at their disposal to respond to inflation, for example through...
SpiceJet’s Delhi-Dubai flight diverted to Karachi due to fuel indicator malfunction
This is the sixth such incident on SpiceJet aircraft in the last 17 days.The Directorate General of Civil Aviation (DGCA) is investigating all six incidents New Delhi: SpiceJet's Delhi-Dubai flight was diverted to Karachi on Tuesday as the fuel indicator started...
IAEA Initiative sets to facilitate safe and secure deployment of small modular reactors
"In nuclear, we must have the highest standards of nuclear safety and security – they are indispensable for the public, governments and investors. Nuclear safety, security, and safeguards will be the litmus test for deployable reactors at the scale needed. The NHSI is...