The CBI has found that these mule accounts -- established using...
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Himachal flash floods: Search operation to find missing people intensified
In Kangra district, around 15-20 workers stationed at a labour...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be...
Tesla’s public robotaxi rides set for tentative June 22 start, CEO Musk says
Commercialising autonomous vehicles (AV) has been challenging with safety concerns, tight regulations and soaring investments, and many have been skeptical of Musk's plans SAN FRANCISCO: Tesla tentatively plans to begin offering rides on its self-driving robotaxis to...
Ships warned to avoid Red Sea, log Hormuz voyages after Israel hits Iran
“We have reports that more ship owners are now exercising extra caution and are opting to stay away from the Red Sea and the Persian Gulf,” said Jakob Larsen, chief safety & security officer with shipping association BIMCO. Merchant shipping is continuing to pass...
Govt forms high-level committee to investigate Air India AI-171 crash
It will also review the current safety rules and suggest new ways to prevent such accidents in the future. New Delhi: The Indian government has set up a high-level committee to investigate the tragic crash of Air India Flight AI-171. The group has been asked to submit...
India crash a wake-up call for aviation industry, alerts Airbus
“Safety is in everything that we do, so the tragedy in India, we don’t see that in any way, shape or form as a competitive input,” Christian Scherer, who oversees Airbus’s commercial aircraft operation, said at a press meeting in Paris. “It is, if anything, a reminder...
DGCA orders detailed probe of AI’s Boeing Dreamliners, Black Box of ill fated air craft recovered
The Aircraft Accident Investigation Bureau (AAIB) has confirmed the recovery of the Digital Flight Data Recorder (DFDR), commonly referred to as the black box, from the rooftop of a building at the site of the Air India Flight AI-171 crash in Ahmedabad New Delhi:...
Over 1 100 787s Dreamliners criss-crossing skies a flight path of connectivity, now a crash
A few years back, the US watchdog Federal Aviation Administration (FAA) had stopped deliveries of the Dreamliners due to certain issues but the plane was never involved in any fatal crash till Thursday New Delhi: The Boeing 787-8 Dreamliner, known for its advanced...
Re/insurers get ready to shell out over Rs1600 crore($186 million) of claims for Air India’s devastating Ahmedabad crash
London market sources said there can be a claim of Rs 700 crore( $81 million)for Hull Loss (Aircraft Damage) as the Boeing 787-8 aircraft has been declared a total loss. There will be a Passenger Liability claims of around Rs 320 crore as under the Montreal...
Extreme heat kills half a million people globally each year, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist "Extreme heat used to be considered the 'invisible peril' because the impacts are not as obvious as of other natural perils," says Jérôme Haegeli, Swiss Re's Group Chief Economist. "With a clear trend to longer, hotter...
Missiles, drones nad proliferating conflict zones increasing burden on airline operations and profitability
Airlines are racking up costs and losing market share from canceled flights and expensive re-routings, often at short notice. The aviation industry, which prides itself on its safety performance, is investing more in data and security planning Proliferating conflict...
Rise of autonomous vehicles to impact $400 billion US auto-insurance industry, says Goldman Sachs
“Autonomy has the potential to significantly reduce accident frequency longer-term and reshape the underlying claim cost distribution and legal liability for accidents,” Goldman Sachs analysts including Mark Delaney wrote in a June 9 note to clients The rise of...