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More than 75 planes of Indian carriers grounded due to maintenance, engine issues: Report
Significantly none of the domestic airlines, including two listed companies -- IndiGo and SpiceJet -- have so far made any public announcement on the grounding of the planes. "These will have a significant impact on financials in the second half," CAPA said in its...
Global investments in InsurTechs fall 2.5% to $2.35 billion in Q2 2022
In this most recent quarter, 53.5% of all disclosed APAC funding went into India-based InsurTechs, which raised an impressive $210.76 million. In terms of all deals ever completed, InsurTechs from 18 APAC countries have raised $7.77 billion through 447 deals , which...
AIADMK targets DMK regime over crop insurance, says every farmer should get relief
Days ago, the government launched the initiative to provide compensation to farmers, publicising the Rs 480 crore disbursal plan under the crop insurance scheme for 2021-22 to them, he said in a statement Chennai: The Tamil Nadu's main opposition AIADMK on Monday...
Banking penetration increased significantly during 1972-2022 period: RBI Deputy Governor
Michael Debabrata Patra,Deputy Governor, Reserve Bank of India There is one commercial bank branch for every 9,000 citizens now from one branch for 40,000 citizens in 1972. Banks today operate around 2.25 lakh customer service points, including over 1.75 lakh ATMs. In...
India’s gold demand dips as inflation hits rural buyers
The drop could bring down India's total gold consumption in 2022 to around 750 tonnes, down 6% from last year's 797.3 tonnes, he said India's demand for gold rose 14% from a year ago to 191.7 tonnes in the quarter through September as festivals drove jewellery sales,...
Cricket-Kohli appalled by invasion of privacy after hotel room filmed
"But this video here is appalling and it's made me feel very paranoid about my privacy. If I cannot have privacy in my own hotel room, then where can I really expect any personal space at all? "I'm not okay with this kind of fanaticism and absolute invasion of...
Car or robot? Unlocking the future of autonomous vehicles
The successful adoption of autonomous vehicles in and by cities also requires innovative policies. Regulatory bodies need to emphasize how these vehicles interact with pedestrians and other vulnerable road users not only algorithmically but also through...
Insurer Ascot pauses writing new cover for Ukrainian shipments
“From today we are pausing on quoting new shipments until we better understand the situation,” Ascot head of cargo Chris McGill told Reuters. "Insurance that has already been issued still stands.” London: Lloyd’s of London insurer Ascot is pausing writing cover for...
Cyber officials from 37 countries, 13 companies to meet on ransomware in Washington
One key topic for discussion will be how to disrupt such attacks, counter the illicit movement of cryptocurrencies and build resilience against such attacks, the official said The White House hopes the meeting will allow participating countries to "institute a set of...
RBI to launch first pilot of Digital Rupee on Tuesday
Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk Nine banks -- State Bank of India (SBI), Bank of Baroda, Union Bank of India, HDFC Bank, ICICI...
Turning City of London into the ‘Wild West’ would be self-defeating, says BoE’s Woods
Sam Woods,Deputy Governor Bank of England London: Turning the City – London’s financial district – into a “Wild West“ to attract more business after Brexit would be self-defeating as maintaining financial stability is key to competitiveness, Bank of England Deputy...
Unseasonal rains affecting Kharif crops, to impact food inflation: SBI Research
"In states like UP, the unseasonal rain was more than 400 per cent above the normal. Overall, India has received a staggering 54 per cent above normal rains in October so far," it said New Delhi: Unseasonal rains in parts of India in October may have a large negative...
The world’s food security is at stake as Russia exits Ukraine grain deal
“Grain prices could potentially rise between 5% and 10% in coming days as markets “absorb the bad news,” said David Laborde of the International Food Policy Research Institute in Washington Along with a reduction of exports, the early termination of the Black Sea deal...
Workers leave biggest iPhone plant in China to escape Covid curbs
China’s zero-tolerance approach to the pandemic has idled factories and up-ended supply chains. Closed loops enable companies to stay operational during lockdowns but take a toll on workers, whose movements are severely limited, with some even required to sleep on...
Suspension bridge collapses in Gujarat’s Morbi killing at least 60
Eyewitnesses said that there were several women, children and others on the hanging bridge when it snapped, plunging them into the water below Due to the Diwali vacation and being a Sunday, there was a rush of tourists on the bridge, a major tourist attraction Morbi:...
The Union Home Ministry has sought urgent strict action by law enforcement agencies against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of suicides. In a communication...
AIIMS Delhi to create database, mechanism for cross-referrals with other govt hospitals
AIIMS Director M Srinivas launched the 'AIIMS Main Hospital Casualty Dashboard' and also held a meeting with medical superintendents of government hospitals where he emphasized on the need for real-time emergency bed availability of all the hospitals, integrated...
Govt clears 10 GMDs for 4 PSU general insurers
After a gap of almost one year, the government on Saturday has cleared the appointments of 10 general manager and directors(GMDs) in the four PSU general insurance companies. Earlier, the government head hunting agency FSIB had selected lnderjeet Singh, Madhulika...