Jitendra Singh, Union minister of State (Independent Charge) for...
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Mention Of heatwaves at all-time high in India’s earnings calls
While heat wave was a recurring theme in many earnings transcripts,...
Govt taken steps to start trial, assessment of caller name display: MoS Telecom
"The necessary steps have been taken by the government to start the...
Boeing 737 Max grounding: Aviation ministry calls meeting at 4pm with airlines for contingency plan
A DGCA spokesperson, on Wednesday morning, said,” The B737Max operations will stop from/to all Indian airport’s. Additionally, no B737 Max aircraft will be allowed to enter or transit the Indian airspace effective 1600hrs Indian time or 1030 UTC.”
Chinese carriers, Ethiopian Airlines suspend use of Boeing 737 MAX 8 aircraft after crash
Indian aviation regulator DGCA will also seek information from Boeing as well as Jet Airways and SpiceJet operating Boeing 737 MAX aircraft in the wake of plane crash in Ethiopia, according to senior official.
Pool Re’s new initiative to make businesses more resilient to terrorism in UK
Commenting on the collaboration, Minister of State for Security, Ben Wallace MP, said: “This project is one of the first of its kind – a collaboration between the police, the insurance sector, and the Government that will help to keep the country safe and secure. If we are to properly respond to the terrorist threat, we need to ensure everyone plays their part. That is why partnerships like this one are so vital and I thank Pool Re for their leadership.”
IRDA prepares stringent norms to check conflict of interest among officials of insurance cos
Where the insurer becomes aware of the conflict of interest situation, immediate steps shall be taken by the insurer to ensure that the powers / authority delegated to such a Director or Officer is ceased and he / she is not allowed to participate in the day-to-day activities of the company
NGT fines Volkswagen Rs 500 cr for use of cheat device
The green panel on November 16, 2018 had said that use of ‘cheat device’ by Volkswagen in diesel cars in India leads to inference of environmental damage and had directed it to deposit an interim amount of Rs 100 crore with the Central Pollution Control Board (CPCB).
Business organisations need to pay up to Rs 20 for using Aadhaar services: UIDAI
“The entities have been incurring a cost of Rs. 150-200 per KYC sans Aadhaar. They have been demanding to use Aadhaar-based authentication and KYC services on account of these being convenient to them and their customers and also the fact that they will save huge amount which they currently incur in doing KYC through traditional means such as paper, physical verification, etc,” an official source told PTI.
Aon partners with insurtech firm on tracking marine risk accumulations
In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation during a catastrophe, said Aon in a statement. As a result, the need to monitor vessel movement and estimate cargo accumulation has become a critical part of exposure management and risk selection.
Aon eyes Willis Towers Watson acquisition, may be made via an all-share business combination
Aon has officially announced its intentions as per Irish regulatory requirements, stating that any deal was “in the early stages” and would be made via an all-share business combination.
IL&FS board charges former directors of money laundering, criminal intent
They have also been accused of extending loans for “criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.The notices, dated February 27, have asked former directors to reply within seven days upon receipt as to why departmental and legal actions should not be taken against them for their “misconduct, dereliction of duties, gross negligence and acts of conspiracy and getting unlawful gains for oneself and others.”
What happened to MH370? Malaysia open to proposals to revive flight hunt
There is no new search planned, but Transport Minister Anthony Loke said at the event that the government was open to hearing proposals to resume the hunt. “If there are any credible leads and any specific proposals, especially from Ocean Infinity, we are more than willing to look at it,” he said.