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Consumer inflation at 8-year high of 7.79%, to ‘trigger’ quicker rate hikes by RBI
Given the tone of urgency in RBI's statement to support the altered inflation-growth dynamics, "we now revise our call and expect the RBI to hike repo rate by an additional 60 bps in the rest of FY23". New Delhi: Sounding a red alert on India's CPI inflation at an...
Delhi fire tragedy: Mundka building did not have fire NOC, says Police
"The building did not have a fire NOC. The owner of the building has been identified as Manish Lakra who lived on the top floor. Lakra is currently absconding, teams are on the job and he will be nabbed soon," DCP Sameer Sharma (Outer District) told reporters. As many...
EU toughens cybersecurity rules for key sectors
The new rules cover all medium and large companies in essential sectors – energy, transport, banking, financial market infrastructure, health, vaccines and medical devices, drinking water, wastewater, digital infrastructure, public administration and space All medium...
Atleast 20 people dead in fire at building near Delhi’s Mundka metro station
"A total of 20 bodies were recovered from the 3-storey commercial building which had caught fire this evening near Delhi's Mundka metro station. The third floor is yet to be searched," Atul Garg, Delhi Fire Director said New Delhi: As many as 20 died while 50 to 60...
Free sex reassignment surgeries for transgenders in Maha
NCP MP Supriya Sule shared a video clip of Tope’s speech “I would like to tell you on this occasion that we will carry out surgeries for transgenders 100 per cent free,” the minister can be heard saying Mumbai: Gender affirming or sex reassignment surgeries would be...
Musk puts $44 bln Twitter deal on hold over fake account data
Spam or fake accounts are designed to manipulate or artificially boost activity on services like Twitter. Some are tied to improve commercial results, while others are designed to create an impression that something or someone is more popular Elon Musk tweeted on...
NHA organises convention to discuss ways to further strengthen digital health ecosystem
NHA CEO R S Sharma said the core objective of Ayushman Bharat Digital Mission is to leverage technology to deliver health services to the remotest areas of the country New Delhi: Ways to further strengthen the country's digital health ecosystem were discussed at a...
Over 1.4 lakh Bengal farmers to get crop insurance due to unseasonal rain: Minister
''There has been crop loss in both West and East Midnapore, Hooghly, South and North 24 Parganas districts. Nearly 1.44 lakh farmers will be getting insurance worth Rs 112.8 crore,'' Chattopadhyay told PTI Kolkata: West Bengal Agriculture Minister Shobhandeb...
Non-life insurers’ gross premium income rises 24% to Rs 21,327 cr in April
The five standalone private sector health insurance companies posted a 29.14 per cent growth in their collective gross premium income during the month at Rs 1,550.14 crore, as against Rs 1,200.34 crore in the year-ago period Mumbai: The gross premium income of...
IRDAI grants compliance relief to general insurers and FRBs
Further IRDAI has decided that the FRBs and Lloyd’s India need not publish the half yearly and annual Revenue Account, Profit & Loss Account, Balance Sheet and Analytical Ratios etc. in the newspapers Hyderabad: Providing compliance relief, the insurance regulator...
Crypto collapse intensifies,Over $200 billion wiped off in a day
Cryptocurrencies have been swept up in a sell-off in risk assets, which has picked up steam this week as data showed U.S. inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening. The sell-off has taken the...
LIC IPO: Share price fixed at Rs 949, Govt raises Rs 20,560 crore
LIC share trading on the stock exchange is due to begin May 17 LIC’s debut comes at a time when capital-market activities have significantly slowed globally as the war in Ukraine stokes market volatility and saps investor appetite Mumbai: India raised Rs 20,560 crore...
Assisted driving systems struggle with collision tests: US consumer body
A fast-growing number of new vehicles are equipped with Automated Driver Assistance Systems, or ADAS, that partially automate functions such as steering, staying in a lane and braking. Tesla’s Autopilot is one of the best-known such systems, but most major automakers...
Study of diverse populations sheds light on Type 2 Diabetes
According to the study, the global prevalence of Type 2 Diabetes, a familial disease with severe morbidity has increased four-fold over the last three decades. South Asia, especially India and China are major hubs of this spurt. It is thought that Indians are...
South-west monsoon knocks at Andaman & Nicobar islands, early onset over Kerala likely
''Normally, monsoon advances over Nicobar Islands on May 15 and covers Mayabunder, the extreme north point in the Andaman islands by May 22,'' said India Meteorological Department Director General Mrutyunjay Mohapatra Most parts of north India experienced scorching...
World ‘at a crossroads’ as droughts increase nearly a third in a generation
From 1970 to 2019, weather, climate and water hazards, accounted for 50 per cent of disasters and 45 per cent of disaster-related deaths, mostly in developing countries. By 2030, an estimated 700 million people will be at risk of being displaced by drought.By 2040, an...
AXA launches mental health covers for Indian gr clients, partners with Manas for Mental Health Helpline
Ankur Nijhawan, CEO, AXA France Vie India Reinsurance Branch Ankur Nijhawan, CEO, AXA France Vie India Reinsurance Branch said, “Mental health is still ignored as a disease in India and we don’t provide primary care to the individuals who are dealing with it. At AXA...
Covers for Home, Micro and Small Businesses can be tailor-made: IRDAI
The new move will enable insurance companies to broaden the coverage already provided in the standard products by offering innovative add-ons or varying the existing provisions to meet the needs of the policyholders in terms of suitability and affordability Hyderabad:...