The global yacht insurance market has faced significant challenges...
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IRDAI forms task force to address challenges and drive growth in surety bond market
Debasish Panda, chairman, IRDAI "Surety bonds play a crucial role...
Words in emails social media posts lowering dignity of woman an offence says HC
"Advent of modern technology has opened up a wide spectrum of means...
Boeing faces crisis with worldwide grounding of 737 MAX jetliners
The US Federal Aviation Administration (FAA) cited new satellite data and evidence from the scene of the recent crash near Addis Ababa for its decision to join Europe, China and other nations in suspending 737 MAX flights
India must address digital payments security issues: Nandan Nilekani
“I think increasing number of transactions, at the same time less security issues, less fraud issues, less disputes… could be what we need to see,” Nilekani said
Boeing’s $600-bn orders at risk as clients rethink 737 Max purchases
Boeing, whose shares have lost 11 percent of their value this week, faces escalating financial risk after two disasters involving its newest narrow-body jet in the past five months.
Tata Motors’ JLR recalls 44,000 cars over CO2 emission levels
The European Commission’s rapid alert system warned that JLR’s cars “may emit excessive levels of CO2 and may not conform with the certified condition”.
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.