The settlement was made on the eve of the trial over the...
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Brazil judge opens inquiry into Musk for obstruction involving social media company X
Elon Musk Musk is challenging a decision by Moraes ordering his...
Social commerce set to scale, but concern of authenticity looms large: Industry
''Social commerce is expected to grow 10x by 2030 to a USD 55...
Binny Bansal and others invest $ 65 mn in Acko general insurance
The company is backed by Amazon, Accel, SAIF, Intact Ventures, RPS Ventures, Binny Bansal -co-founder of Flipkart,Narayan Murthy’s Catamaran Ventures, Swiss Re, Transamerica Ventures, Kris Gopalakrishnan – Co-founder of Infosys,AtulNishar – Founder & Chairman of Hexaware Technologies,Ashish Dhawan of ChrysCapital, Hemendra Kothari of DSP Blackrock, Rajeev Gupta, veteran investment banker and Founder of Arpwood Capital, Subba Rao of NuVentures and Venk Krishnan.
China Re launches renewable energy consortium for offshore windfarm risks
The consortium covers construction all risks (CAR), erection all risks (EAR) and third-party liability (TPL) and can provide capacity of up to USD 225M per risk.
Hannover Re announces the launch of insurtech initiative
The online platform provides access to a diverse range of solutions spanning the entire value chain, propelling the insurance industry forward by making it easier to find and implement new technology.
India’s data usage to grow at 73% CAGR by 2022: Assocham-PwC study
While internet penetration is increasing in India, with mobile internet penetration set to reach 56.7 per cent in 2022 from a mere 30.2 per cent in 2017, connectivity and consistency in speed issues need to be addressed, said the study titled ‘Video on Demand: Entertainment reimagined’.It further said that in a country where approximately 65-70 per cent of the population resides in rural areas, no service meant for the masses can afford to ignore this market.
Hybrid car-plane, van with gemstones: Luxury takes centre stage at Geneva Motor Show
The Battista is the first so-called hypercar – which are ultra-light, ultra-fast aerodynamic cars – that is fully electric, according to a Pininfarina sales rep on the floor.Only 150 Battistas will be made, each with a 1,900 horsepower engine can go from 0 to 100 kilometres (0-62 miles) per hour in less than two seconds. The vehicle, which carries a price tag of around two million euros ($2.2 million), was conceived for enthusiasts who have “money … and a really great passion for cars,” the sales rep said.
Business organisations need to pay up to Rs 20 for using Aadhaar services: UIDAI
“The entities have been incurring a cost of Rs. 150-200 per KYC sans Aadhaar. They have been demanding to use Aadhaar-based authentication and KYC services on account of these being convenient to them and their customers and also the fact that they will save huge amount which they currently incur in doing KYC through traditional means such as paper, physical verification, etc,” an official source told PTI.
Aon partners with insurtech firm on tracking marine risk accumulations
In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation during a catastrophe, said Aon in a statement. As a result, the need to monitor vessel movement and estimate cargo accumulation has become a critical part of exposure management and risk selection.
U.S. bans Lithium Battery Cargo on passenger planes
U.S. regulators identified 39 incidents in air cargo transportation between 2010 and 2016, with 13 involving lithium batteries and smoke, fire, extreme heat, or explosion that would have been affected by the new rules. In one instance, packages of lithium ion cells were found smoldering in an aircraft unit load device during unloading, suggesting the initial thermal runaway likely occurred while the shipment was on the aircraft.
BlackBerry files patent infringement claims against Twitter
The lawsuit said Twitter wrongly sought to compensate for being a “relative latecomer” to mobile messaging by co-opting Blackberry’s inventions for such services as the main Twitter application and Twitter Ads, infringing six of the company’s patents.
General insurers tie-up with Policybazaar for cashless options on motor policies
J K Garg, General Manager,NIA, said, “As market leaders it is our constant endeavor to provide fast and hassle free claim experience to our customers. We as New India are extremely happy to partner with Policybazaar in this endeavor for providing Cashless settlement option to our customers.”