"While variations in climate can cause variations in Clear Air...
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MS Amlin forecasts “substantially above average” hurricane activity
“The insurance industry can help people and businesses to absorb...
Online payment frauds jump over 400% in India:RBI data
"Fraudsters are getting sophisticated by the day, while financial...
Government launches ‘Mausam’ app for weather forecasts
It will provide current weather information, including temperature, humidity, wind speed and direction, for 200 cities. The information will be updated eight times a day.
The app will provide weather forecast for the next seven days for around 450 cities in India. Weather information of the past 24 hours will also be available on the app.
Increase in AI intensity by 1 unit can lead to 2.5% increase in GDP: ICRIER
“The results find a positive and significant relation between AI using firms and TFP (total factor productivity) growth. The estimates suggest that a unit increase in AI intensity, measured as the ratio of AI investments to total sales, can result in a 2.5 percent increase in India’s GDP in the immediate term,” it said.
AIR Worldwide releases updated Earthquake Model for Australia
“This model has been developed to meet the wide spectrum of earthquake risk management needs of the insurance industry and we took a careful and thoughtful approach in order to deliver this update,” said Dr. Jayanta Guin, executive vice president and chief research officer, AIR Worldwide.
Soon,these 10 intel agencies will have access to your PAN,bank details
The “furnishing and receiving of information to and from” these central agencies will be done through the National Intelligence Grid (NATGRID), a robust mechanism envisaged to track suspects and prevent terrorist attacks with real-time data and access to classified information like immigration, banking, individual taxpayers, air and train travels.
New e-commerce rules provide clarity on responsibilities of marketplaces, sellers: Industry execs
“Recognition of online marketplaces as ”intermediaries” thus helps absolve them of certain product liabilities, which now rightly lie with sellers conducting their business on such platforms.
Govt notifies new rules for e-commerce entities
According to the new rules, the e-commerce players will have to display the total price of goods and services offered for sale along with a break-up of other charges.
Under the rules, e-commerce players have to display details about return, refund, exchange, warranty and guarantee, delivery and shipment, and any other information that may be required by consumers to make informed decisions.
After US directive,DGCA tells airlines to inspect Boeing B737s in fleet
The US aviation regulator Federal Aviation Administration asked the airlines to inspect their B737 aircraft that had not flown for seven days or more and the ones that had operated not more than 10 flights after return to service.
A senior DGCA official said the Indian regulator had asked Indian carriers SpiceJet, Vistara and Air India Express to inspect their B737 aircraft as directed by the FAA.
The emergency directive was “prompted by four single-engine shutdowns” that happened due to compromised air check valves in the engines of the certain B737 aircraft, said the FAA in its emergency directive.
Amazon to offer auto insurance in India
Amazon Pay, the India unit’s payments arm, has partnered with private firm Acko General Insurance to offer car and motor-bike insurance, the company said in its blog.
RBI panel pitches for incentives to promote usage of QR code transactions
Earlier, a committee on deepening digital payments, constituted by RBI under the chairmanship of Nandan Nilekani, non-executive chairman, Infosys, had said “Market forces must result in transaction pricing that creates a viable ecosystem. Regulator should adjust the interchange rate and let the market compete on MDR (Merchant Discount Rate) ultimately growing acceptance ecosystem rather than inhibiting it.”
Siemens to roll out flexible working app for 100,000 staff
Staff worried about COVID-19 infections among fellow workers can also use a contact tracing feature on the app created under a partnership with U.S. software developer Salesforce.
It can also block desks in an area if information is received about a person suspected of having the virus, said Siemens, which already sells the app to external customers.