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Sebi allows govt stake in IDBI Bank to be reclassified as public post sale
The government had requested Sebi to treat its residual stake in IDBI Bank as a financial investment since it would not exercise any control over the bank or have any special rights The government would also not have any representation on the bank's board The...
Omicron subvariants BA.5.2, BF.7 responsible for latest COVID outbreak in China: WHO
“The China CDC analysis showed a predominance of Omicron lineages BA.5.2 and BF.7 among locally acquired infections. BA.5.2 and BF.7 together accounted for 97.5 per cent of all local infections per genomic sequencing.” Geneva: The World Health Organization on...
Total vehicle retail sales jump 15 pc to 2.11 cr units in 2022: FADA
The passenger vehicle (PV) category during this period continued to gain new grounds by clocking 34.31 lakh retails during the full year. This is by far, the highest retails which PV has done till date.'' Singhania, however, lamented that the two-wheeler segment once...
Delhi registers highest monthly electric vehicle sales in December across states
In December, Delhi registered 7,046 electric vehicles with a year-on-year growth of 86 per cent. Since the launch of the EV policy, the UT registered 93,239 electric vehicles, of which two-wheelers contribute nearly 55 per cent of the total EV sales in the year 2022....
Samsung shares vision for connected homes as future way of life
The South Korean tech giant shared its vision to create a future where all home gadgets are connected and seamlessly communicate with each other to make people's lives easier and more convenient, reports Yonhap News Agency. It will help save energy and reduce climate...
India’s GDP nearing to $20 trillion, per capita income at $10k by 2047, says Bibek Debroy
New Delhi: India's GDP will be close to USD 20 trillion by 2047 and per capita income may reach USD 10,000 (at current value of USD), Bibek Debroy, chairman, Economic Advisory Council to the Prime Minister, said on Wednesday. Virtually addressing the inaugural session...
JPMorgan sued by Ray-Ban maker unit over cyber theft
Essilor Manufacturing (Thailand) Co., which operates a plant in Thailand for EssilorLuxottica SA, sued the bank in April in federal court in New York, claiming JPMorgan was aware of a pattern of fraudulent transactions that led to the theft and failed to notify the...
China COVID data shows no new variant but under-reports deaths, WHO says
Global unease has grown about the accuracy of China's reporting of an outbreak that has filled hospitals and overwhelmed some funeral homes since Beijing abruptly reversed its "zero COVID" policy Data from China shows no new coronavirus variant has been found there,...
PSU gen insurers and unions to meet on Jan 12 for sorting out differences over E&Y recommendations on restructuring
A section of employees of public sector general insurance companies had given a call to go on strike on January 4 against the proposed unilateral restructuring in the state-run insurers. The unions alleged that the proposed restructuring would weaken the public sector...
Cabinet approves Rs 19,744-crore National Green Hydrogen Mission
It will also result in cumulative reduction in fossil fuel imports of over Rs 1 lakh crore and abatement of nearly 50 MMT of annual greenhouse gas emissions by 2030 New Delhi: The Union Cabinet on Wednesday approved the National Green Hydrogen Mission with an outlay...
Future Generali provides health covers for LGBTQIA+ community
Future Generali India Insurance (FGII), has has expanded its definition of ‘family’ across all its retail health insurance offerings, to include LGBTQIA+ community and live-in partners. Ruchika Malhan Varma, chief marketing officer, Future Generali India Insurance...
South Korea fines Tesla $2.2 mln for exaggerating driving range of EVs
The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the "driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers" on its official local website since...
Japanese families offered huge cash to move out of Tokyo
According to the Statistics Bureau of Japan, in 2021, 28.9% of Japan’s total population was at least 65 years old, marking a record high for the country. There were 14.78 million 0-14-year-olds in the same year, accounting for 11.8% of the total population, the lowest...
Autopsies show covid virus lingers in brain for months: Study
"We demonstrated virus replication in multiple non-respiratory sites during the first two weeks following symptom onset," the authors of the study noted.Prior to this study, "the thinking in the field was that SARS-CoV-2 was predominantly a respiratory virus," senior...
Toyota Motor’s Indian unit warns of a possible customer data breach
"Toyota Kirloskar Motor (TKM) has been notified by one of its service providers of an incident that might have exposed personal information of some of TKM's customers on the internet", TKM said in an emailed statement without disclosing the size of the data breach or...
Jan1Renewals: Reinsurers hike rates on key business lines by as much as 200%, exclude Russia and Ukraine
Aviation reinsurance rates, heavily impacted by hundreds of stranded aircraft in Russia, rose by as much as 200%, Gallagher Re said. “The sector is experiencing its most acute, cyclical price increases since the 2001-2006 period, if not before,” said David Flandro,...
NCLT puts Hinduja’s RCap higher offer on hold, next hearing on Jan 12
The interim stay was provided after Torrent Group filed an interlocutory application with NCLT on Monday seeking its direction to RCap’s administrator not to accept Hinduja’s revised bids that were submitted a day after the e-auctions ended Earlier, Ahmedabad-based...
Climate data can help model spread of Covid-19: Research
A rising number of studies indicate that the climate may have an effect on how Covid-19 spreads, however, it is unclear how much it alters risk and transmission According to a new study by a group of researchers from the Qatar Environment & Energy Research...