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No offence made out HC quashes FIR against ex-MD of Go First for ‘data theft’
Wolfgang Prock-Schauer, former managing director, Go First From March 2016 to December 2017, Prock-Schauer downloaded confidential information and shared it to his personal email and also to a third party. Since this information was confidential in nature, it has...
Tokio Marine Kiln appoints Alexandros Ampatzis as Head of Marine in APAC
Alexandros Ampatzis, Head of Marine, APAC, said,“TMK’s market-leading offering, combined with its reputation for strong growth and innovation, makes it an exciting time to be joining the business. There are impressive ambitions to grow the proposition even further and...
Consumers exploring both luxury sustainable mobility alternatives Survey
This growing alignment with hybrids suggests that consumers are exploring sustainable options, while waiting for more robust EV infrastructure and incentives, the survey found New Delhi: Consumers are exploring both luxury and sustainable alternatives, setting the...
Lockton acquires Arihant Insurance Broker, receives IRDAI approval
Lockton, the world's largest independent insurance brokerage, had announced its entry into the Indian market in January this year and had acquired Arihant Insurance Brokers in June from Arihant Capital Market Ltd. Hyderabad: US based Lockton is now a licensed...
At least 50 Indian flights receive bomb threats; 2 diverted on Sunday
In 14 days, more than 350 flights operated by the Indian carriers have received hoax bomb threats. Most of the threats were issued through social media At least two IndiGo flights were diverted following threats. Its flight 6E 133 (Pune to Jodhpur) was diverted to...
Cryptocurrencies huge risks to financial stability, RBI Governor
Shantikanta Das,Governor, Reserve Bank of India ``I am actually of the opinion that this is something which should not be allowed to dominate the financial system. Because it has huge financial stability risks, it has huge monetary stability risks, it also poses risks...
Regulatory changes to provide necessary push to surety bonds business say experts
"The expectation that surety bonds should be cheaper than bank guarantees is unsustainable for insurers. Issues related to pricing, reinsurance options, and lack of clarity on indemnity documents further hinder progress. The Indian Contract Act and Insolvency and...
Cyclone Dana impacted 35.95 lakh people in Odisha no human casualty so far Minister
The worst-hit districts include Kendrapara, Balasore and Bhadrak, while the human casualty “still stands at zero”. Whenever there is a disaster, people lose their houses and get compensation. This time, we want to bring a permanent solution to the problem and provide...
Govt floats draft bill to amend arbitration law, adds proviso for emergency arbitration
The Department of Legal Affairs in the law ministry has invited comments on the draft Arbitration and Conciliation (Amendment) Bill, 2024, saying "the aim and purpose is to provide further boost to institutional arbitration, reduce court intervention in arbitrations...
PM Modi warns about ‘digital arrest’
Narendra Modi, Prime Minister "There is no legal system called digital arrest; it's purely fraud, deceit, a criminal enterprise by those who are enemies of society. Various investigative agencies, in collaboration with state governments, are actively working to...
PM-ABHIM: Rs 64,000 crore healthcare infra project planned
VK Paul,member,Niti Aayog "Under PM-ABHIM, in every block in the country, Blocks Public Health units and labs will be made. In 600 districts, Integrated Public Health Units are being planned. The National Centre for Disease Control will have 30 branches across the...
Lahore: World’s most polluted city as smog crisis deepens
“Yesterday, Lahore was declared the most polluted city in the world. We have taken several initiatives to address the matter and now we are planning for artificial rain in the city,” Punjab Information Minister Azma Bokhari said during a press briefing on Tuesday...
Act against unsafe helmet makers to boost road safety: Centre to district officials
"Helmets save lives, but only if they are of good quality. This initiative is crucial in removing unsafe helmets from the market and educating consumers about the importance of BIS-certified products. We urge all stakeholders to actively participate in this campaign...
FPIs withdraw Rs 85,790 cr from equities due to Chinese mkt valuation
Looking ahead, the trajectory of global events like geopolitical developments and interest rate movements will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director, Manager Research, Morningstar...
Allianz weighs options for AllianzGI unit, sources say
Amundi and Germany’s DWS would be logical candidates for any deal Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that...
US strikes $100M settlement with owner, operator of ship Dali for Baltimore bridge mishap
Settlement will cover federal costs incurred to restore access to the port of Baltimore The US Justice Department announced on Thursday that Grace Ocean Private Limited and Synergy Marine Private Limited, the Singaporean corporations that owned and operated the Motor...
Cat bonds remain unscathed after Hurricane Milton
After two weeks of number-crunching, it now seems clear that investors in catastrophe bonds emerged from Hurricane Milton relatively unscathed. In fact, holders of the bonds may be looking at returns of as much as 12%, according to Zurich-based asset manager and...
Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal
The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...