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Ola Electric recalling 1,441 units of two-wheelers due to fire cases
Recently, there have been widespread incidents of electric two-wheelers catching fire in various parts of the country forcing manufacturers to recall their vehicles. Okinawa Autotech had recalled over 3,000 units, while PureEV did a similar exercise for around 2,000...
India-UPI likely to dominate digital payments, BNPL to drive growth: Report
“We expect the payments industry to focus heavily on enhancing customer experience and providing customer options for payment, enhancing security, undertaking innovations in technology like distributed ledger technology (DLT) and emerging tech like IoT (Internet of...
Govt to release framework on non-personal data use in 10 days: Vaishnaw
''Government is now planning to create public digital platforms on the lines of UPI, Cowin. Such digital platforms will then be opened up to the start up community and industry. Please come, create your consumer-facing applications. Grow with us '' Ashwini Vaishnaw...
Centre to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore
The issue size is expected to be worth Rs 21,000 crore, valuing the country's largest insurer at Rs 6 lakh crore LIC board had met on Saturday to approve the modified IPO LIC is likely to file the red herring prospectus with market regulator Sebi by Wednesday New...
Biodiversity and ecosystem protection highlighted on Mother Earth Day
Climate change, man-made changes to nature as well as crimes that disrupt biodiversity, such as deforestation, land-use change, intensified agriculture and livestock production or the growing illegal wildlife trade, can accelerate the speed of destruction of the...
EU reaches landmark deal on hate speech, disinformation
The EU's new rules, which are designed to protect internet users and their "fundamental rights online," should make tech companies more accountable for content created by users and amplified by their platforms' algorithms The European Union reached a landmark deal...
Sustainable development hinges on fate of world’s cities
“Sustainable development will hinge on how we manage urbanization,” he said, adding that current discussions should be framed in the context of responding to COVID-19 response and the climate crisis Noting that 1.2 billion people in the global South currently live in...
Mansukh Mandaviya calls India as World’s largest pharmacy, vaccine manufacturing country
Union Minister Mansukh Mandaviya "Indian pharma industry is known globally for its affordable and quality drugs. We shall soon get the competitive edge in medical devices too with research and innovation," he added New Delhi: Union Minister of Health & Family...
RBI needs to tailor its actions in tune with dynamic global situation: Governor Das
''With 60 per cent of developed countries facing inflation above 5 per cent -- unheard of since the 1980s -- and more than half of the developing countries experiencing inflation above 7 per cent, the climb in prices is testing societal tolerance levels,'' he had said...
DFS Secretary asks banks to soar up balancesheet; raise capital from market
Manthan 2022 was held to brainstorm with the top leadership of public sector banks and unlock next-generation reforms while continuing with the EASE journey, the ministry said. The last such exercise was held in 2019. Financial Services Secretary Malhotra urged banks...
LIC’s IPO size may be cut by 40% on Ukraine war woes
Officials want to complete the listing -- which will still be India’s biggest -- in the next two weeks, the people said, asking not to be identified as the deliberations aren’t public. LIC will probably be valued at some Rs 6 lakh crore, the people said New Delhi:...
Niti Aayog issues draft battery swapping policy; moots incentives, rigorous testing protocol
The draft policy also comes at a time when there are rising concerns over safety issues around electric vehicles in the wake of multiple instances of such vehicles catching fire ''For safety during operation of the charging infrastructure, the operator must follow the...
Largest public pension fund CalPERS wants Buffet’s replacement as Chairman of Berkshire Hathaway
Warren Buffett, chairman, Berkshire Hathaway Inc. CalPERS said it invests more than $450 billion, including more than $2.3 billion in Berkshire shares. Berkshire plans for Buffett’s son Howard Buffett to become non-executive chairman after his father’s departure,...
SBI General’s records a gross premium of Rs 9260 crore in FY2021-22, to post underwriting losses
PC Kandpal, MD & CEO, SBI General Insurance, said, “Despite the challenging environment continued with pandemic, we have registered significant growth in GWP especially in the health insurance segment. The strong performance underpins our health insurance...
Discord between value, valuation expectation in fintech, digitech space: Kamath
“It is a challenge between the value which has been created in each of these enterprises and then there is a valuation expectation. I think there is a discord between the value and the valuation,” Kamath, who is the chairman of National Bank for Financing...
Damaged black boxes in China jet crash leave few clues into cause
"There are many difficulties in investigating this accident, and at the moment the available evidence is limited," Li Yong, deputy director of CAAC's aviation safety office, said in an interview with state news agency Xinhua China said on Wednesday the black boxes of...
Omicron sub-variant BA.2.12 found in majority of Delhi samples, could be behind surge: Sources
However, an Indian SARS-CoV-2 Genomics Consortium (INSACOG) source has claimed that Omicron variant derivative BA.2.12.1 has also been found in a few samples in Delhi which is said to be contributing to the recent rise in cases in the US Omicron sublineage BA.2.12 has...
ICICI General Q4 profit falls 10% to Rs 313 cr due to Covid claims and higher expenses
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance The insurer has combined ratio, one of the key measures of profitability for general insurers, of 103.20 per cent in q4 FY 2021-22,as against 101.80 per cent in year-ago period The insurer's underwriting...