The plane caught fire after skidding off the runway at Kathmandu...
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CrowdStrike Chaos: (Re)Insurers could withstand preliminary loss estimates, says Fitch
``We expect claims will be mostly within the retentions of primary...
US, European regulators sign joint statement on effective AI competition
Generative AI has rapidly evolved in recent years and the...
Indonesia earthquake and tsunami: How warning system failed the victims
Palu – a city in Sulawesi located in a narrow bay – was hit by waves as high as six metres. The surging water brought buildings down and caused widespread destruction. Hundreds of people had gathered for a beachfront festival and it was was a scene of horror as waves powered over the beach – sweeping up everything in their path.
Govt plans to bring in stricter disclosure norms for independent directors
Independent directors have significant responsibilities under the Companies Act and are part of various committees, including those related to CSR and remuneration. The role of independent directors has come under the scanner in certain instances of corporate misdoings.
WhatsApp Message Destroys 71% of Indian E-Commerce Firm’s Value
The message was sent a few months ago by an Equirus analyst to some clients and resurfaced on the messaging platform Thursday .The record slump on Friday prompted the company to make a voluntary clarification to exchanges saying there was no pending information or announcement that may impact its share price.
Maruti’s Breeza & Tata’s Nexon clear crash tests with Stars
David Ward, Global NCAP Secretary-General, said,“The four star result for Maruti Suzuki’s Vitara Brezza is really impressive. It demonstrates clearly the safety engineering capabilities of India’s leading vehicle manufacturer. It also shows the beneficial effects of the Indian Government’s new crash test standards helping to raise levels of vehicle safety. We are getting very close now to seeing India’s first five star car. In contrast the zero star Renault Lodgy is extremely disappointing. Global NCAP had hoped that Renault had learned from the difficult experience they had with the Kwid. It’s time now for Renault to make front air bags standard across their entire Indian product range. “
Porsche first German carmaker to abandon diesel engines
Diesel car sales have dropped sharply as several German cities have banned them to bring down air pollution — a trend that Chancellor Angela Merkel was due to discuss with car company chiefs in Berlin later Sunday.
India has 19 judges per 10 lakh people: Data
The debate on the judge-population ratio was re-ignited by then Chief Justice of India T S Thakur in April, 2016 when in the presence of the Prime Minister, he had lamented the governments “inaction” in increasing the number of judges from the present 21,000 to 40,000 to handle the “avalanche” of litigations, saying, “You cannot shift the entire burden on the judiciary“.
Government mulls ordinance to fast track settlement of commercial disputes
The bill seeks to help India become a hub for domestic and global arbitration for settling commercial disputes.The draft law provides for a time-bound settlement of disputes as well as accountability of the arbitrator.The government feels that there is a need for robust mechanism to deal with institutional disputes.
Suresh Prabhu orders safety audit of all airlines, airports
Prabhu has directed officials concerned to prepare a comprehensive safety audit plan, which involves assessment of safety parameters of all scheduled airlines, aerodromes, flying training schools and MROs immediately, an official statement said.
Risky Business-Insurers Face Shifting Landscape
While providing cover for risks is the core to the business of insurance, insurers themselves are not immune to risks. In fact, insurers are exposed to a number of financial and non-financial risks. The very nature of their business exposes general insurers to multiple types of risks like insurance risk, asset (market and credit) risk, cyber security and operational risks; which they must deal with an ongoing basis
CBI scrutinises India’s largest law firm Cyril Amarchand in PNB fraud probe
In mid-February, Modi’s aides packed cartons of documents at one of his diamond firm’s offices in Mumbai and sent them to CAM’s office nearby, from where police seized them within a week on Feb. 21, a review of the Central Bureau of Investigation’s (CBI) court filings and witness testimonies showed.