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High temperature disrupts flights to high altitude Leh airport
The maximum temperature at which an A320 Neo aircraft can operate...
Wayanad landslides: Death toll rises to 120
Kerala Chief Secretary V. Venu told local media, "Around 2 a.m.,...
Half of India’s ATMs may close down by March 2019, warns Industry body
The industry body said that recent regulatory changes, including those on hardware and software upgrades, coupled with mandates on cash management standards and the cassette swap method of loading cash, will make ATM operations unviable, resulting in the closure
Important to address concerns quickly in cyber era, Nestle CEO on Maggi crisis learning
Maggi was banned by the Food Safety and Standards Authority of India (FSSAI) in June 2015 for five months for allegedly containing lead beyond permissible limits, forcing Nestle India to withdraw the product from the market. Following legal battles, the popular noodles brand was back in the market in November 2015.
India won’t achieve 2-degree cut in global warming by 2030, says report
“This emission pathway is not compatible with a 2C scenario. India’s sectoral policies are still falling short of being consistent with the Paris Agreement, but the country’s ambitious policy on renewable electricity is a promising sign.”Particular highlights from India include its extremely ambitious 175 GW target for renewables capacity by 2022, its very high level of energy efficiency of the overall Indian economy, and new sector-specific policies such as the national cooling action plan,” it added.
Boeing defends 737 safety as first U.S. lawsuit filed over Lion Air crash
Investigators believe an erroneous sensor prompted a computerized safety system to aggressively push the jet into a dive as pilots were trying to deal with multiple malfunctions. Boeing and U.S. aviation regulators are considering whether to add a software fix to the 737 Max. Three U.S. pilots’ unions have raised concern about what they say is a lack of information provided by Boeing on the safety system
El Nino may hit Indian Rabi Crop in Fy 2018-19:JBA Flood Model
Dr Iain Willis, JBA Risk Management Singapore Managing Director, explained “There’s currently a 70 per cent chance that the global climate will experience an El Nino warming phase from October this year into early 2019. We know that El Nino can have substantial effects on the rainfall patterns of the Indian summer monsoon. Crop simulations ran using historic climate data suggest that some major Indian rainfed crops, including Soybean and Groundnut, are particularly vulnerable to these changes during El Nino years and can be adversely affected.”
SBI Life bags RIMS first India ERM award
SBI Life’s ERM initiatives have improved processes that identify patterns and indicators to recognize fraudulent claims. Additionally, the risk management team’s efforts support cross-departmental collaboration that allows for a more accurate assessment of customer insurability
Draft Brexit deal ends Britain’s easy access to EU financial markets
Britain’s decision to leave the EU has undermined London’s position as the leading international finance hub. Britain’s financial services sector, the biggest source of its exports and tax revenue, has been struggling to find a way to preserve the existing flow of trading after it leaves the EU.Many top bankers fear Brexit will slowly undermine London’s position. Global banks have already reorganized some operations ahead of Britain’s departure from the European Union, due on March 29.
Cyber-attacks, volatile weather top risks for India Inc:Marsh-RIMS study
In fact, some 88 per cent of the survey respondents – representatives of C-suites, executives, and risk professionals across 19 industries – identified cyber-attacks as the top-most risk. This was followed by data fraud or theft (85%), volatile weather (84%), severe energy price shock (81%) and major financial failure (81%) among the other top risks for India Inc.
After Google, Facebook scraps forced arbitration in sexual harassment cases
The technology industry, known for its groundbreaking products as well as its trendsetting office culture, has gone to considerable lengths in recent years to keep work-force disputes out of the court system. Forcing employee complaints into arbitration has become as common as free lunches and shuttle buses to the office.
IndiGo upgrades 125 orders of A320neo jets for a bigger sister model
Indigo, one of the few Indian carriers with enough cash to aggressively expand, has been mapping out a way to build a long-haul, low-cost business taking passengers from places like New Delhi to London, with a stop in, say, Istanbul. It’s been weighing whether to place an order for Airbus’s A330neo or Boeing Co.’s 787 wide-bodies, but the bigger narrowbodies it just converted to could help satisfy that requirement — especially if the carrier opts to take the longer-range A321 variant.