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Air India retains its insurance premium at $30 million, renews a larger fleet for FY 24-25
AI, which was renewed successfully on Apr 1 in the London market, has kept its old pack of insurers and reinsurers but has allocated higher shares to its own group company Tata AIG General insurance, which is now the leader for the policy and another...
Swiss women win landmark climate victory at human rights court
The Swiss government had violated the human right to a private and family life, by failing to put in place sufficient domestic policies to tackle climate change.This included a failure to quantify, through a carbon budget or otherwise, national greenhouse gas...
Global accounting rule ends leeway over operating profit
Banks and insurers will have to include interest, a key part of their business model, in their operating profit, which some already do London: Companies will have to publish standardized operating profit figures from 2027 under new requirements from a global...
EV sales almost double to 90,000 in fy 23-24
Tata Motors led the segment with registrations of 64,217 units, up 66 per cent over 38,728 units in the 2022-23 financial year. New Delhi: Electric vehicle retail sales in India increased last fiscal with all the segments, including passenger vehicles and...
Tata AIA Life Insurance chooses SAS for IFRS 17
Tata AIA Life Insurance Company has chosen SAS, a leader in AI and analytics, to help the insurance company in its adoption of the Indian equivalent of IFRS 17 reporting standards. SAS will collaborate with Tata AIA Life Insurance to address the reporting requirements...
ICICI Lombard partners Policybazaar to sell its products
ICICI Lombard General Insurance has partnered with Policybazaar to distribute its product the insurance platform . The collaboration encompasses access to nearly 10 million customers with a wide range of insurance products, including motor insurance, health insurance,...
Bajaj Allianz Life provides prm payment options on WhatsApp
To leverage this popularity and offer ultimate convenience, Bajaj Allianz Life has upgraded its premium payment services via WhatsApp, enabling customers to seamlessly manage their policies and payments all in one place. Customers can effortlessly pay their premiums...
March marks yet another record in global heat
"It's the long-term trend with exceptional records that has us very concerned," C3S Deputy Director Samantha Burgess told Reuters. "Seeing records like this - month in, month out - really shows us that our climate is changing, is changing rapidly," she added The world...
AI will be smarter than smartest human next year, says Elon Musk
Elon Musk,CEO,Tesla "If you define AGI (artificial general intelligence) as smarter than the smartest human, I think it's probably next year, within two years," Musk said when asked about the timeline for development of AGI Tesla CEO Elon Musk on Monday predicted...
India likely to get normal monsoon this year, Skymet says
The weather forecaster expects "sufficiently good rains" in southern, western and north-western parts of the country. Punjab, Haryana, Rajasthan and Uttar Pradesh in the north together make the farm bowl of north India New Delhi: India is expected to see a normal...
Tesla settles case over fatal Autopilot crash of Apple engineer
The settlement was made on the eve of the trial over the high-profile accident involving Tesla's driver-assistant technology. Tesla faces a series of lawsuits over crashes related to the alleged use of Autopilot, putting the automaker at risk of large monetary...
Mcap of BSE-listed firms hit Rs 400 trn milestone after rally in equities
"Indian markets are benefiting from domestic flows, a strong macro and expectation of policy continuity with a focus on infrastructure buildout, import substitution and export promotion. Foreign flows are expected to turn positive and accelerate in the second half of...
Experts hail SC ruling on climate change but warn against impacts of renewable energy projects
Manshi Asher, a researcher and an activist working on environment justice issues, said the judgment needs to be examined closely because it is being invoked to justify large-scale centralised solar production and transmission, which has a high material footprint...
Attacks on Zaporizhzhia nuclear plant significantly increase accident risk, IAEA head says
In a statement on the social media platform X, Rafael Mariano Grossi confirmed at least three direct hits against the ZNPP main reactor containment structures took place. “This cannot happen,” he said KYIV, Ukraine: The head of the U.N.’s atomic watchdog agency on...
Zurich Insurance to halt coverage of new fossil-fuel exposures
Zurich says its policy update is limited to new fossil-fuel projects, and that it will continue to underwrite existing ones. The company also says the measures are unlikely to have a significant impact on its bottom line Zurich Insurance Group AG will no longer...
WHO running campaign to ensure universal access to quality health services
Dr Tedros Adhanom Ghebreyesus, Director-General,WHO In 2021, 4.5 billion people, more than half of the world’s population, were not covered by essential health services, leaving them vulnerable to diseases and disasters. Even those who do access care often suffer...
Climate change poses challenges for monetary policy, says RBI report
Climate change directly impacts inflation through adverse weather events affecting agricultural production and global supply chains, climate change could impact the natural rate of interest, and the after-effects of climate change might weaken the transmission of...
Loss of engine cover on Southwest Boeing 737-800 prompts FAA investigation
Boeing has come under intense criticism since a door plug panel tore off a new Alaska Airlines 737 MAX 9 jet at 16,000 feet on Jan. 5. In the aftermath of that incident, the FAA grounded the MAX 9 for several weeks, barred Boeing from increasing the MAX production...