The helicopter belongs to Global Vectra company. The cause of the...
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Ministry of Coal launches national safety portal, targets zero accidents in coal mines
Amrit Lal Meena, Secretary, Ministry of Coal According to the...
ICMR-led study estimates 10-year risk of developing heart disease in adults in India
Among the participants having high blood sugar levels, women had an...
Pan-India doctors go on day-long protest in solidarity with Kolkata medicos
After entire healthcare system in West Bengal was crippled over the past four days, now doctors’ in Delhi, Mumbai and other cities in India especially AIIMS hospitals in the national capital, Raipur, Patna and Punjab are observing protest shutdown. Resident doctors in several government hospitals in Kerala and Hyderabad also staged protests as they started their ‘cease work’ demonstrations in respective cities. Around 4,500 Maharashtra Association of Resident Doctors (MARD) stopped attending to patients in all the 26 government hospitals in the state simultaneously on Friday.
Uber, Lyft appeal for deal on driver status as independent contractors
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. “We can make independent work better if we update...
RBI asks banks to grout ATMs to wall, pill or floor to enhance security
Based on the recommendations of the panel, the central bank has now issued instructions aimed at mitigating risks in ATM operations and enhancing security
“Tech and cyber dominate insurers’ horizon scanning of business risks”
Urgent need for business and technology modernisation poses the greatest threat to the global insurance industry according to the survey. At the heart of responses was the view that many sector players are weighed down by legacy business models and IT infrastructure that are poorly equipped to handle the changing demands of the industry.
Suspected attack on 2 oil tankers near Strait of Hormuz stokes fears of War
The prospects of a conflict have spiked since the Trump administration tightened in early May its sanctions on Iranian oil exports. Trump abandoned a year ago the 2015 deal that was meant to prevent Iran from developing a nuclear bomb and reimposed sanctions in a bid to force the Islamic Republic to rein in its military program and proxy militias. Facing economic catastrophe, Iran has threatened to retreat from the accord itself unless European parties throw it an economic lifeline.
EU says it’s ready for ‘Undesirable’ No-Deal Brexit, but some insurers are unprepared
The EU considers the Brexit deal, negotiated over 18 months, to be complete and not open to renegotiation. Departing Prime Minister Theresa May tried and failed three times to convince Parliament to approve it. The EU no-deal preparations are mainly unilateral measures. The bloc refuses to enter into “mini-deals” with the U.K. to help make no-deal Brexit easier.
Exams for company directors: Modi govt finds a way to stop corporate frauds
Independent directors on company boards will soon have to clear an exam before they can be appointed, said Injeti Srinivas, the top bureaucrat in charge of corporate affairs. The government is also seeking a ban on Deloitte Haskins & Sells saying it failed to warn of mounting risks at a major shadow lender, and the banking regulator suspended an EY affiliate this month after finding problems in one of its audits.
US cyber insurance premiums see 10% increase to $2.03bn, Aon study
The report highlights that the direct incurred industry loss ratio across all cyber policies was 35.4 percent during the period, with standalone and package business reporting 34.4 percent and 36.8 percent respectively – suggesting that on the whole cyber insurance was quite profitable for US insurers in 2018. The segment had 14 additional players during the year
Over Rs 2.05 lakh crore frauds in 11 years: ICICI Bank, SBI and HDFC among top victims
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 were reported by the ICICI Bank involving Rs 5,033.81 crore.The state-run State Bank of India (SBI) reported 6,793 fraud cases involving Rs 23,734.74 crore followed by HDFC Banks which recorded 2,497 such cases involving Rs 1,200.79 crore, according to the data given by the central bank in response to an RTI query filed by this correspondent.
India slips 5 places to 141 on Global Peace Index 2019; Iceland again tops
According to the report, South Asia’s score for every indicator in ongoing conflict is less peaceful than the global average, with four out of six deteriorating last year. Only deaths from internal conflict improved, with fewer fatalities in Pakistan, Afghanistan and India than the year prior.