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Tata Nexon EV catches fire in Mumbai
"This is a first incident after more than 30,000 EVs have cumulatively covered over 1 million km across the country in nearly four years. A detailed investigation is currently being conducted to ascertain the facts of this isolated incident.We will share a detailed...
Electric vehicles could take 33% of global sales by 2028-AlixPartners
EVs accounted for less than 8% of global sales last year, and just under 10% in the first quarter of 2022 To support that demand, automakers and suppliers now expect to invest at least $526 billion on EVs and batteries from 2022-2026, the firm said at its annual...
Irdai mulling to extend testing period under Regulatory Sandbox mechanism to 3 yrs
"Here we now realise that this has to be a continuous process, the period for which they are allowed to test such products in the market is only limited to six months. We are now proposing to expand that period to even up to three years, particularly for life...
Irdai working towards risk-based capital, supervision frameworks: Chairman Panda
Debasish Panda,chairman,Irdai ''Currently, we have traditional method of supervision and we have very recently started embarking on a project of moving towards a risk based supervision which will be enabled by technology. In another word, you can call it 'Suptech'...
Wage Revision: PSU general insurance unions reject GIPSA’s“much lower than LIC’s pay hike” offers
PSU general insurance companies have offered a very low wage hikes of seven per cent with immediate effect without any past arrears since August 2017 or wage hike of five per cent along with two per cent arrears Rejecting all the offers of the GIPSA, the unions have...
Corporate Health Cover: 10 necessary add-ons
Now, even Indian insurers are open to the idea of covering LBGTQ and live in partners under a corporate cover. Companies are increasingly opting for these covers in line with growing expectations for inclusivity in the workplace. New age companies are increasingly...
Strong earthquake kills at least 280 in Afghanistan
Most of the confirmed deaths were in the eastern Afghan province of Paktika, where 255 people had been killed and more than 200 injured, said interior ministry official Salahuddin Ayubi. In Khost province, 25 people had been killed and 90 taken to hospital, said a...
HDFC Life declares bonus of Rs2465 crore
15.87 lakh policyholders are eligible for this bonus Vibha Padalkar, MD & CEO, HDFC Life, said, "We are pleased to announce market competitive bonus payouts year after year. It is our way of exceeding the expectations of our policyholders who strongly believe in...
UN launches new app to help beat skin cancer
“The SunSmart Global UV App provides five-day UV and weather forecasts at searchable locations”, said Carla Drysdale, spokesperson for WHO. While speaking today at a briefing at the United Nations in Geneva, Ms. Drysdale added that “it highlights time slots when sun...
18th SIRC opens for registration, 4-day hybrid event to begin on 31Oct
“With the theme ‘RE-CONNECTING ..RE-SHAPING THE FUTURE!’, the upcoming 18th Singapore International Reinsurance Conference (SIRC) will be held from 31 Oct to 3 Nov 2022.It will be organised as a hybrid event – principally in-person, with a virtual segment for those...
RBI postpones implementation of certain norms related to cards by 3 months
As per the Master Direction, card issuers must seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance Mumbai: The Reserve Bank on...
Sebi bans bundling of MF products with insurance
`It has been observed that some of the Asset Management Companies (AMCs) are proposing to introduce bundled products and some existing MF schemes have such bundled products with insurance features in their investments schemes like SIP INSUR(Systematic Insurance...
Crypto Scam: Fake exchanges duped Indian investors of Rs 1,000 cr: Report
Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phishing domains and Android-based fake crypto applications Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the...
Volkswagen faces mounting scrutiny on human rights violations in China, risk insurance declined by Berlin
Berlin recently declined a Volkswagen request to renew risk insurance for the company’s Chinese operations over the human rights concerns, according to a person familiar with the matter Volkswagen AG faces mounting pressure to address allegations of human rights...
Sovcomflot fleet fully covered by Russian insurers, CEO says
Technically, we meet all international trade requirements,” CEO Igor Tonkovidov told reporters. “Currently, the company’s fleet is almost fully busy in shipping hydrocarbons, cargoes are delivered to different parts of the world.” Moscow: Russia’s state-run Sovcomflot...
ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22
N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance The annual bonus of Rs 968.8 crore for FY2022 is the highest ever declared by the company since inception, N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said....
Floods in Indian NE states and Bangladesh, 11more dead, 47 lakh affected in Assam
Dhaka/Guwahati: Army troops were called in to rescue thousands of people stranded by massive floods that have ravaged northeastern India and Bangladesh, leaving millions of homes underwater and severing transport links, authorities said Saturday. In India’s Assam...
Cyber attacks in India see quantum jump, says Amit Shah
Amit Shah,Union Home Minister ''In 2012, a total of 3,377 cyber crimes were reported and it has gone up to 50,000 in 2020. The number of cyber crimes which were not reported could be in lakhs. We are resolved to create the most secured cyber atmosphere in the world,''...