Category:

Risk Management

CCI clamps down on cartelisation in beer sales; slaps over Rs 873 cr fine on UBL, Carlsberg, others

The final order has been passed against United Breweries Ltd (UBL), SABMiller India Ltd, now renamed as Anheuser Busch InBev India Ltd (AB InBev), and Carlsberg India Private Ltd (CIPL), among other entities.
An official release said the companies and other entities have been found to be ”indulging in cartelisation in the sale and supply of beer in various States and Union Territories in India, including through the platform of All India Brewers’ Association (AIBA)”.

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Study probes how ejections from Sun’s corona influence space weather predictions

Space weather refers to the conditions in the solar wind and near-Earth space, which can adversely affect the performance of space-borne and ground-based technological systems.
An example of space weather events is the geomagnetic storm, a perturbation in the Earth’s magnetic field, which can last for a few hours to a few days. Understanding of how events in the solar atmosphere influence space weather is necessary for monitoring and maintaining our satellites.

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Brit launches machine learning algorithm to enable faster claims response to catastrophe events

In this latest innovation, Brit’s Data Science team developed and overlaid a machine learning algorithm to access the ultra-high-resolution ariel images and data such that it pinpoints, color-codes, and displays properties by damage classification within days after a catastrophe event.  This enables the Brit Claims team to proactively identify, triage and assign response activity even before claims are reported.

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NGT directs Maharashtra to deposit Rs 1 crore as interim compensation for restoration of water quality near Trimbakeshwar

The bench was hearing an application filed by Kiran Ramdas Kamble and others seeking to take action for failure of the Trimbakeshwar Municipal Council and other concerned authorities of Maharashtra in preventing discharge of Municipal waste into the river which joins Godavari in violation of the judgement of the Supreme Court, in spite of at least four orders of NGT in the last two years and also general orders in other cases.

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UN climate talks: Faint progress on money, none on pollution

World leaders made “faint signs of progress” on the financial end of fighting climate change in a special United Nations feet-to-the-fire meeting Monday, but they didn’t commit to more crucial cuts in emissions of the heat-trapping gases that cause global warming.In the meeting, vulnerable countries such as the Marshall Islands and the Maldives that are “staring down the barrel” of climate change were “pleading with the developed world to step up to the plate” to provide needed money for them to cope with warming’s impacts, said British Prime Minister Boris Johnson, who hosted the meeting with Guterres.

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