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PM declares Modhera in Gujarat as India’s first 24×7 solar-powered village
Prime Minister Narendra Modi Making Modhera the country's first round-the-clock solar-powered village involved developing a ground-mounted solar power plant and more than 1,300 rooftop solar systems on residential and government buildings, a government release said...
Reliance’s brand new floating production system collides, no one injured
FPSO is a giant ship that not just has machinery to help produce oil and gas lying below the sea surface but also living quarters and work stations. Gangway is a raised platform or walkway providing a passage "Due to rough weather, the gangway from the accommodation...
Finance ministry mulls steps to curb cheque bounce cases: Report
Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said The other suggestions were treating cheque bounce as default of loan and...
New cancer treatments in ‘dark matter’ of human genome discovered by researchers
Hallmarks are cellular behaviours that contribute to disease progression: Proliferation, metastasis formation and therapy resistance New cancer treatments in 'dark matter' of human genome discovered by researchersAscreening method to discover new drug targets for...
Over 16,000 cancer deaths linked to COVID complications in US: Study
Compared to cancer deaths unrelated to COVID-19, cancer-COVID-19 complicated deaths were more likely to occur in large metropolitan areas, among males, those who were 85 years or older, and racial/ethnic minorities, the team said The researchers found that a higher...
IDBI Bank bidders need to seek MHA security clearance in the first stage of bidding process
The DIPAM last week invited EoIs from prospective bidders of IDBI Bank offering to sell 60.72 per cent stake together with LIC. The last date for putting in bids is December 16 New Delhi: In a first, the government has made it mandatory for interested buyers of IDBI...
Car prices to rise as auto cos gear to comply with stricter emission norms
ICRA Vice President & Sector Head, (Corporate Ratings) Rohan Kanwar Gupta cautioned that as OEMs have been forced to take price hikes to counter inflation over the past 15-18 months, any further increase in the price of the vehicle could have a moderating impact...
Govt will make Assam flood-free in five years, Amit Shah assures people
Amit Shah, Union Home Minister According to the July data of Assam State Disaster Management Authority (ASDMA), nearly 8.9 million people in the state were affected by the flood and landslides as it claimed 192 lives in the state till then and around 2.40 lakh...
AM Best affirms GIC Re’s Financial Strength Rating(FSR) as stable
The Credit Ratings (ratings) reflect GIC Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management (ERM). In addition, the ratings factor in a...
Wage Revision: FM wants “Performance Linked Future Wage Revision’ for PSU GI industry before clearing its pending new salaries
Nirmala Sithraman,Union finance minister The unions had asked the DFS and GIPSA to clear the pending Wage Revision at par with Life Insurance Corporation (LIC) without any condition or linking it with future ``Performance Linked Wage Revision’’ before Diwali and...
IDBI Bank privatisation: Govt,LIC together to sell 60.72% stake in bank, invite bids
``Expression of Interest is invited for Strategic Disinvestment of specified GoI and LIC stakes in IDBI Bank along with transfer of management control. Details are at https://dipam.gov.in,'' tweeted Secretary Dipam New Delhi: The government on Friday invited bids from...
RBI announces digital rupee. E-Rupee to launch soon on pilot basis
The concept note also discusses key considerations such as technology and design choices, possible uses of the digital rupee, and issuance mechanisms, among others Mumbai: The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific...
Munich Re not to invest in or insure new oil and gas fields from April 2023
Furthermore, in its own listed equities and corporates portfolio, as of 1 April 2023, Munich Re will cease to conduct new direct investments in pure-play Oil & Gas companies As of 1 January 2025, Munich Re will require a credible commitment to net-zero greenhouse...
Govt notifies credit guarantee scheme for startups
”Maximum guarantee cover per borrower shall not exceed Rs 10 crore. The credit facility being covered here should not have been covered under any other guarantee scheme,” the Department said New Delhi: The government has notified the credit guarantee scheme for...
SEBI cancels registration of Brickwork Ratings, directs it to wind down operations in six months
“Noticee (Brickwork) failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, which has defeated the very purpose of regulations i.e. investor protection and orderly development of the securities markets,” the...
Market turmoil may hinder UK’s plans to reform EU insurance solvency rules
“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...
IMF warns of higher recession risk and darker global outlook in 2023
"We are experiencing a fundamental shift in the global economy, from a world of relative predictability … to a world with more fragility - greater uncertainty, higher economic volatility, geopolitical confrontations, and more frequent and devastating natural...
AI-powered WHO Digital Health Worker ‘Florence 2.0’ launched in Qatar
Florence can share advice on mental health, give tips to destress, provide guidance on how to eat right, be more active, and quit tobacco and e-cigarettes. She can also offer information on COVID-19 vaccines and more. Florence 2.0 is now available in English with...