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Non-scheduled, general aviation players’ 176 planes do not have cockpit, flight data recorders: Govt
Minister of State for Civil Aviation Murlidhar Mohol said that a...
Seth to take stock of Bima Sugam with insurers on Tuesday, to discuss launch of standard Health & Motor covers on e-platform
Ajay Seth,chairman, IRDAI ``We are having a virtual conference with...
Air India pilot reports a possible defect in fuel control switch of Boeing 787-8, aircraft grounded
"After receiving this initial information, we have grounded the said aircraft and are involving the OEM to get the pilot's concerns checked on a priority basis. The matter has been communicated to the aviation regulator, DGCA. Air India had checked the fuel control...
Budget 2026 proposes penalties to tighten crypto transaction reporting
The proposal is aimed at ensuring compliance with Section 509 of the Income-tax Act, 2025 and creating a deterrent against non-reporting and incorrect disclosures related to crypto assets.Under the proposed rules, platforms and entities dealing in crypto assets will...
Budget 26-27:Builds assets, de‑risks infra, broadens growth and removes operational bottlenecks
Girija Subramanian, CMD, New India Assurnace The government is strengthening the demand side of general insurance business by ensuring that the “Make in India” and biomanufacturing push translates into valuable physical and digital assets that simply cannot afford to...
AI171 crash probe: AAIB assessing various aspects; nothing has been ruled out, says source
All aspects related to technical, operational, organisational and human factors are being looked into, and it is a very complex process. Certain components of the aircraft are also being examined by AAIB, the source said New Delhi: The Aircraft Accident Investigation...
SCOR strengthens cyber capabilities by partnering with Baobab Insurance
SCOR has partnered with German digital risks MGA Baobab Insurance to expand the capacity on Baobab’s “CyberSafe” offering, which provides companies with preventive and ongoing protection against cyber risks Paris:The SCOR Syndicate at Lloyd’s has extended the...
India’s vast internet, social media apps market
Alphabet and Meta do not officially disclose country-specific figures, but DataReportal pegs YouTube users in India at 500 million, Facebook 403 million, Instagram at 481 million, and Snapchat at 213 million. Bengaluru:India is one of the most critical growth markets...
Economic Survey 2025-26:Towards a healthy India
Obesity is rising at an alarming rate and is today a major public health challenge in India. Driven by unhealthy diets, lifestyle changes, including sedentary lifestyles, increased consumption of ultra-processed foods (UPFs), it is affecting people across all age...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...
Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for providing the cover to the business aircraft by ceding manadatory four per cent to state owned GIC Re along with a treaty policy wth Munich Re The Learjet 45 (LJ45), a mid-size business jet aircraft produced...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for Nvidia and a professor of earth system sciences at the University of California, Irvine, said that one of the practical business applications of the new weather models will be in the insurance industry....