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Indian Ocean coastline off Somalia declassified as a “high-risk area”
The change was approved by marine groups including the International Chamber of Shipping and will be operational from January next year, they said in an emailed statement on Monday “No piracy attacks against merchant ships have occurred off Somalia since 2018,”...
Flexible work places can encourage more women to join labour force, Modi says
Prime Minister Narendra Modi Reiterating that the future needs flexible workplaces, a work-from-home ecosystem, and flexible work hours, the Prime Minister said,`` we can use systems like flexible workplaces as opportunities for women's labour force participation.''...
5G services in India by October 12, says IT Minister Vaishnaw
Ashwini Vaishnaw, Union IT minister The 5G services would be rolled out in a phased manner and during the first phase, 13 cities will get the 5G internet services The cities are Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad,...
HDFC Bank picks up 9.94 % in Go Digit Life for Rs 120 crore
HDFC Bank's investment has valued GO Digit Life , which is yet to be a licensed, at around Rs 1200 crore The partnership between Kamesh Goyal and Indian born Canadian billionaire Prem Watsa's Fairfax, which already has a general insurance company, is now planning to...
Indian insurance industry providing a higher return on equity than developed markets: IRDAI Chairman
Debasish Panda,chairman,IRDAI ``Indian insurance companies on an average have provided a return of 23 per cent while US insurance industry’s return has been at 13 per cent, a point to note for our American counterparts,’’ said Panda, while addressing a webinar...
People facing acute food insecurity reach 345 million worldwide – WFP
Before the coronavirus crisis, 135 million suffered from acute hunger worldwide, said Corinne Fleischer, the WFP's regional director, told Reuters. The numbers have climbed since and are expected to soar further because of climate change and conflict The number of...
Pandemic sets back Asia-Pacific’s poverty fight by 2 years – ADB
At least 20% of developing Asia's population were either extremely or moderately poor in 2021. This proportion could be halved by 2030 if governments focus on resilience, innovation, and inclusiveness to provide more balanced economic opportunities and greater social...
Park outside: Fire risk prompts Hyundai, Kia hitch recalls
The Korean automakers are recalling more than 281,000 vehicles in the US because of the problem, but they haven't figured out how to fix it yet. The automakers reported 25 fires or melting incidents in the US and Canada caused by the problem, but no crashes or...
Govt making investments on six fronts to strengthen healthcare services: PM Modi
Prime Minister Narendra Modi The first front is encouraging prevention healthcare. The second one is opening small and modern hospitals. The third front is opening big institutes of medical colleges and research. The fourth front is increasing the number of...
General insurers can pay commissions to intermediaries upto 20% of their gross premium: IRDAI
After setting stiff premium targets for the insurers, the IRDAI in its ``Exposure draft- Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022'' has...
Universal Sompo Gen Insurance partners with Repco Home Finance to insure home loans
Universal Sompo General Insurance has partnered with Chennai based Repco Home Finance Ltd to insure their home loans This partnership will, additionally, disburse affordable insurance solutions from Universal Sompo General Insurance like Group Credit Protection,...
NTPC to foray into Nuclear power projects, plans 2 nuclear plants
The country currently generates about 70% of its electricity using coal and around 3% from nuclear, and has opened its atomic industry to state-controlled firms beyond Nuclear Power Corp. of India Ltd. in a bid to speed adoption of nuclear energy New Delhi: India’s...
Govt to unveil revamping strategies for 4 PSU general insurers on Aug 27, allows each company to decide its own salary structures in next wage revision
CMDs and general managers of GIPSA member companies in the presence of Saurabh Mishra, joint secretary, DFS, will meet the union officials of the industry in Faridabad on 27th August to discuss the revamping plans of the companies on the basis of the diagnosis of...
Accusing doctors as if they were killers’: SC slams Ramdev’s ads
The counsel appearing for the Indian Medical Association (IMA) pointed at the advertisements, where Ramdev had made disparaging statements against allopathy New Delhi: The Supreme Court on Tuesday pulled up Baba Ramdev in connection with advertisements attempting to...
4 earthquakes jolt J&K in less than eight hours
The epicenter of the quake, which occurred at 2.20 am, was 61 km east of Katra area in Jammu region, they said However, there were no reports of any loss of life or damage to property Jammu; Four earthquakes jolted Jammu and Kashmir in less than eight hours on...
Jury asks Ford Motor to pay $1.7 billion over an accident killing a Georgia couple
In Georgia, 75% of proceeds from punitive damage verdicts go to the state. The rest is split between the plaintiffs and the lawyers. Ford Motor Co. was told by a jury to pay more than $1.7 billion over a 2014 rollover accident that killed a Georgia couple, a lawyer...
Japan’s Hino Motors confirms a widespread data falsification scandal, suspends shipments of small trucks
Truck and bus maker Hino’s President Satoshi Ogiso told a news conference that during a transport ministry investigation additional misconduct regarding emissions was found that affects more than 76,000 vehicles Japan’s Hino Motors will suspend shipments of small...
Japanese chemical tanker ship crashes into a cargo ship off the coast of southwestern Japan
No one was injured among the six Japanese crew members aboard the tanker Ryoshinmaru and 14 Chinese crew members aboard the Belize-registered cargo ship Xin Hai 99 A Japanese chemical tanker ship crashed into a cargo ship off the coast of southwestern Japan, the coast...