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Here is a masonry blog layout with no sidebarPunjab announces to restore old pension scheme for state govt employees
"We have taken an in-principle decision to this effect in a cabinet meeting. This will benefit lakhs of employees," he said while adding that modalities will be worked out. Chandigarh: The Punjab government on Friday decided to restore the old pension scheme for its...
Ukraine insurance costs surpass Iraq war levels, industry sources say
The rates in Ukraine are currently higher than previously experienced in Iraq and Afghanistan…Principally, it's a more active war zone rather than an insurgency situation," said Alexis Fehler, accident and health underwriter at Lloyd's of London-backed insurer...
Cyclone likely to reach WB-Bangladesh coasts by Oct 25, skirt Odisha: IMD
IMD Director General Mrutunjay Mohapatra said the IMD has not so far made any forecast on the possible landfall, intensity and wind speed of the cyclone. The system will pass through Odisha coast at a distance and there was no possibility of making landfall in the...
Competition Comm slaps Rs 1,337.76 crore on Google
Besides, the fair trade regulator has directed the internet major to cease and desist from unfair business practices New Delhi: The Competition Commission on Thursday imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple...
Govt seeks $7.7 billion value for IDBI Bank in stake sale
After years of trying, the government has only been able to privatise national carrier Air India Ltd. and introduce outside backers to LIC, while its plans to sell refiner Bharat Petroleum Corp Ltd. hit a wall as bidders struggled to find partners. New Delhi: India is...
XBB subvariant of Omicron can cause another wave of infections in some countries: Swaminathan
"Many people just think that it is just like the flu or any other respiratory infection, but more and more data is coming out on how COVID is affecting all organ systems and not just the respiratory route. It also affects the cardiovascular system and the inflammatory...
Axis Bank says followed all rules in Max Life Insurance deal
The statement comes against the backdrop of two orders by the insurance sector watchdog Irdai in the last few days, wherein Max has been fined Rs 3 crore while a penalty of Rs 2 crore has been imposed on the bank regarding the deal on concerns over valuations Mumbai:...
Amazon faces $1B class action lawsuit in the UK over Buy Box
The litigation is being spearheaded by the law firm Hausfeld & Co LLP, which said in a news release that anyone who lives in the U.K. and made purchases on Amazon since October 2016 is eligible to be a claimant. Amazon is facing a USD 1 billion class action...
IDBI Bank privatisation: LIC to recover its investment by time of sale
LIC had bought a 51 per cent stake in IDBI Bank in 2019 for Rs 21,624 crore at an average price of Rs 61 per share. Following a QIP issue in December 2020, the stake of LIC came down to 49 per cent New Delhi: State-owned insurance behemoth LIC is expected to recover...
Maha govt eyes to make use of satellites for crop damage assessment and payout to farmers
Maharashtra Deputy Chief Minister Devendra Fadnavis said, “Satellite-based crop damage assessment and compensation will be a game changer in this sector. The satellite images will decide the intensity of crop damage and go on to make compensatory payment to farmers.”...
India suffered income loss of $159 bn in key sectors due to extreme heat in 2021: Report
Suruchi Bhadwal, director for earth science and climate change at The Energy and Resources Institute, said,'' Extreme weather events in our regions have shown that the effects of climate change are increasing, and more and more people are being affected.'' ''The need...
Tata AIA Life ties up with Medix to offer health services to its policyholders
Tata AIA life has tied-up with Medix to offer healthcare advice to Tata AIA policy holders. Medix has a team of 300 in-house physicians, and a global quality accredited network of over 4,500 world-leading and independent medical specialists. A study by Harvard...
Blunck to succeed Jeworrek as chair of Munich Re’s Reinsurance Committee
Thomas Blunck Munich Re has also appointed Clarisse Kopff (49), with effect from 1 December 2022, and Mari-Lizette Malherbe (38), with effect from 1 January 2023, as new members of the Board of Management Munich: The Supervisory Board of Munich Re on Thursday has...
Omicron Covid variant may have originated in animals, finds study
"Animal to human transmission of coronaviruses will likely continue to threaten global health. It has been suggested that all coronaviruses circulating in humans came from animals," said Li. Washington: The Omicron variant of the SARS-CoV-2 virus may have been...
Unseasonal rain, crop losses could keep India’s food inflation high
The crop losses for farmers across the country mean that food prices, already at their highest in over two years, could stay elevated, instead of tapering after the harvest as they usually do India's millions of rural poor will be particularly affected, hit by both...
BMW chief warns against setting gas-powered phase-out date
Oliver Zipse, chairman,BMW "We don't want cars to be taken away out of the base segment, politically that's super dangerous," Zipse said. "If you all of a sudden make car ownership only for rich people, it's a dangerous thing." US President Joe Biden has called for...
Combined wealth of India’s 100 richest on Forbes list rises to USD 800 billion: Report
Mukesh Ambani, who controls Reliance Industries, the energy to telecom giant, is at number two with USD88 billion, down 5per cent from last year. Between them, Adani and Ambani now account for 30per cent of the total wealth of India's 100 richest Mumbai: The...
Covid-19 still public health emergency of international level: WHO
The committee recommended that there should be three key priorities in the future: strengthening surveillance and achieving vaccination targets for at risk-groups; continuing to increase access to affordable therapeutics; and strengthening pandemic preparedness...