Amrit Lal Meena, Secretary, Ministry of Coal According to the...
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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...
Cognizant files lawsuit against Infosys over trade secrets; Infy denies allegations
Cognizant in a lawsuit filed in Texas federal court has accused...
Swiss Re says helped insure Boeing, Ethiopian Airlines
“We can confirm that we are part of the insurance panel that covers Boeing’s airline manufacturer liability policy and we also are a co-insurer of Ethiopian Airlines,” Swiss Re said in an emailed statement. It said it had not played a leading role in the cover but declined comment on contractual details.
Tougher Asian markets need different approach to risk and insurance driven by data analytics
“Too often, we hear clients struggle to quantify the financial impact and likelihood of risks to their business. Today, companies need to know, with certainty, that the insurance strategy they have in place is exactly right for their business. With new and emerging risks on the accelerated rise, they need to adopt a data-driven and actuarial approach to support all aspects of their insurance procurement process to yield better business outcomes,” adds Scott.
PwC to pay $335 million over failed audits:U.S. regulator
U.S. District Judge Barbara Rothstein ruled in July that PwC failed to identify a long-running fraud between the bank and its largest customer, the mortgage lender Taylor, Bean & Whitaker. Both failed in 2009, and the FDIC alleged the bank helped Taylor conceal overdrawn accounts.
In India, most complaints by flyers are about harassment by airline staff
Last year, the civil aviation ministry had told the Parliamentary Standing Committee on Transport, Tourism and Culture that “systematic grievance redressal mechanism has been already put in place through which passenger grievances received by this office are forwarded to the concerned airline for redressal directly with the complainant as the travel by air is a contractual matter between the airline and the passenger”.
Boeing faces spate of Lawsuits after second 737 MAX 8 Crash
Boeing faces the prospect of substantial payouts to the families of passengers if it’s found responsible for both the Indonesia and Ethiopia crashes. But legal experts say the second one could prove even more damaging for the Chicago-based company. That’s because plaintiffs will argue the manufacturer was put on notice by the earlier tragedy that there was something dangerously wrong with its planes that should have been fixed.
Most Americans continue to be very afraid of Self-Driving cars: Survey
The survey also gauged public reaction to more limited uses of autonomous vehicles. Just more than half of U.S. drivers—53 percent—said they would be comfortable using fully self-driving vehicles as low-speed people-mover systems at airports or theme parks, free from the chaotic traffic of the open road. Even fewer Americans—44 percent—said they would be comfortable with autonomous delivery vehicles that haul food or packages, not passengers.
SEC Sues VW, Ex-CEO over diesel emissions scandal, alleging massive investor fraud
The SEC said in its civil complaint on Thursday that from April 2014 to May 2015, VW issued more than $13 billion in bonds and asset-backed securities in U.S. markets at a time when senior executives knew that more than 500,000 U.S. diesel vehicles grossly exceeded legal vehicle emissions limits.
40 killed in New Zealand mosque shootings
Authorities have not elaborated on who they detained. But a man who claimed responsibility for the shootings left a 74-page anti-immigrant manifesto in which he explained who he was and his reasoning for his actions. He said he was a 28-year-old white Australian.
Boeing to upgrade 737 MAX stall prevention system in 10 days: Source
The company has previously characterised the software upgrades as an effort to make a safe plane even safer. Engineers are making changes to the system designed to prevent an aerodynamic stall if sensors detect that the jet’s nose is pointed too high and its speed is too slow. Satellite-based data showed that both the Ethiopian Airlines and Lion Air planes flew with erratic altitude changes that could indicate the pilots struggled to control the aircraft. Both crews tried to return to t ..
Rs 210 crore of Army insurance funds sunk in IL&FS bonds
This means that crores worth of insurance premiums, covering all ranks from generals to JCOs and jawans, are at risk of being lost.Recently, officials of the Indian Army met the new board of the IL&FS seeking a solution of this issue.