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Here is a masonry blog layout with no sidebarBoeing drops 2019 outlook after 737 MAX crisis, sees $1 bn in extra costs
Driving in Georgia while sitting in California; remote control beats autonomy
Phantom Auto’s new line of business shows just how deep the current moment of disillusionment has become for the self-driving car industry. After years of development and more than $10 billion in investment, autonomous vehicles still aren’t ready for widespread public use. Phantom Auto’s original strategy was to fill gaps in robotaxi capabilities. But autonomous ride-hailing fleets have made little progress beyond testing and rarely operate without human safety drivers—sometimes working in pairs—sitting in the front seat.
Fight against Floods enlists supercomputers, drones, sonar
Canopius and AmTrust Lloyd’s merger agreement signed
ICICI Prudential Life Q4 profit slips 23% to Rs 261 crore
SBI offers 20 bps discount on electric vehicle loans
Aadhaar never collected individual data, it’s just an ID: Nandan Nilekani
“It (Aadhaar) is a much simpler system because the privacy problem becomes more acute when there is an organisation collecting data on you. Aadhaar was never collecting data on you.All that Aadhaar was doing was giving an ID and doing the verification. So, it is not really a great candidate for this (surveillance),” Nilekani said.
Working faster to issue localised weather forecasting in India by 2020: IMD
Global reinsurance industry capital at USD 462 billion in 2018
French insurer Covea seeks acquisitions targets on reinsurance
Acko and Rapido tie-up to insure customers and captains
The comprehensive cover offered by Acko kicks in the moment a ride begins and secures the captain and customer against a multitude of risks. Besides death and disability where the sum insured is up to Rs 5 lakh, this cover also includes loan protection, medical expenses reimbursement and OPD treatment. Additionally, for captains, the insurance also covers child education, helmet and mobile damage
Life insurance industry’s new prm grows 11 % to Rs2,14,672 cr in 2018-19, Private sector gains market share
23 private players have mobilised a total premium of Rs72,461 crore, registering a growth of 22 per cent . However, in terms of policies, at 72,54,556,these players have just recorded a growth of 5.74per cent.With a markert share of almost 7 percent , the listed HDFC Life has emerged as the largest private sector players and second largest life insurance player in the country.
SBI Gen Insurance launches Cyber Defence insurance
SBIG’s Cyber Defense Insurance offers both first & third-party coverage benefits including coverage options for Contingent Business Interruption, System Failure, Reputational Loss, Multimedia Liability and Computer Crime. The crisis response service that comes with this product enables swift and efficient management of cyber events and provides IT forensic investigations, legal advice, reputational and PR management.
Boeing Dreamliner plant ‘plagued by shoddy production,’ says NYT
John Barnett, a former quality manager who retired in 2017 after almost three decades at Boeing, said he found clusters of metal slivers hanging over the wiring that commands flight controls. A U.S. Federal Aviation Administration spokesman, Lynn Lunsford, said the agency inspected several planes that Boeing had certified as free of such debris and found the same metal slivers.
FPIs pour in Rs 11,012 cr in April so far amid easing liquidity conditions
Himanshu Srivastava, senior research analyst, manager research at Morningstar, said, “The recent flows are largely a global trend than India specific. India is not the only country receiving net flows, the trend is similar in other emerging markets as well. Despite the tumultuous 2018, India was a better performing market compared to other emerging markets which witnessed a recovery rally at the beginning of the year.”
Over 150 killed, 450 injured in decade’s worst terror attack in Sri Lanka
Christian groups say they have faced increasing intimidation from some extremist Buddhist monks in recent years. And last year, there were clashes between the majority Sinhalese Buddhist community and minority Muslims, with some hardline Buddhist groups accusing Muslims of forcing people to convert to Islam.
Deposits in Jan Dhan accounts fast inching towards Rs 1 lakh crore mark
The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014 with an aim to provide universal access to banking facilities to all households.Enthused by the success of the scheme, the government enhanced the accident insurance cover to Rs 2 lakh from Rs 1 lakh for new accounts opened after August 28, 2018.The overdraft limit was also doubled to Rs 10,000.
Govt & benefactors, not insurers, to bear cost of Notre Dame rebuilding
“It is really going to be up to the French state and benefactors to help to restore and rebuild this,” Robert Read, head of art and private client at Lloyd’s of London insurer Hiscox told Reuters, adding it could take up to 20 years to restore the cathedral.“The scaffolding costs are going to be enormous, actually securing the building is going to be enormous. The cost of renovating the (British) Parliament is a similar sort of number,” Read said.