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Niti Aayog CEO asks EV makers to recall vehicle batches involved in fires
NITI Aayog CEO Amitabh Kant said that the time is ripe for the EV industry to instill a sense of confidence in consumers the way global automakers do by voluntarily recalling their vehicles over fire risks New Delhi; As more and more electric two-wheelers catch fires...
DGCA bars 90 SpiceJet pilots from operating Boeing 737 Max planes
"For the moment, we have barred these pilots from flying the Max and they have to retrain successfully for flying the aircraft," DGCA chief Arun Kumar said in a statement New Delhi: Indian aviation regulator DGCA has barred 90 SpiceJet pilots from operating the Boeing...
LIC emerges as the 9th most valuable and 4th strongest global insurance brand in 2022
In terms of most valuable insurance brand, at $ 11. 1 billion(up 30% from $8.65 billion in 2021), LIC in 2022 has moved one place up in its global ranking to the ninth position from 10th in 2021, However in the global top 10 list which is dominated by Chinese insures(...
Venkatesh Naidu appointed as CEO of Bajaj Capital Insurance Broking
Bajaj Capital Insurance Broking has announced the appointment of Venkatesh Naidu as its chief executive officer. Venkatesh has over 20 years of experience in working and building renowned insurance organisations in India like Exide Life Insurance, Bharti AXA Life...
SecureNow launches ‘Property & Equipment’ cover for clinics, laboratories & hospitals
Insurance broke SecureNow has launched the ‘Property & Equipment Insurance for Clinics, Laboratories & Hospitals’. Approximately, it would cost Rs 840 plus taxes annually to insure a building of Rs 100,000 and electronic equipment of Rs 100,000. Through this...
Munich Re Life US to acquire a health information exchange
In line with Munich Re’s digital strategy and commitment to helping our life insurer clients grow their business intelligently, Munich Re’s acquisition of Clareto will enable Munich Re to structure EHRs for optimal use in life insurance underwriting. NEW YORK: Munich...
Tom Bolt appointed as executive vice president and chief risk officer of AIG
“Over his more than 35 years in insurance and reinsurance, Tom has developed deep underwriting expertise and, since joining AIG in 2018, he has played a critical role in the turnaround of our general insurance business by setting standards for underwriting excellence...
Fire incidents in electric vehicles unlikely to impact EV sales in long-term: Crisil
''It may have a near-term impact which is a little negative but over the long-term, I don't think this is going to be an impediment (in EV sales). This is a new age industry and any such industry will find teething issues,'' said Hemal Thakkar, Director at Crisil, at...
India’s crypto exchanges block deposits via state-backed system, stir alarm
No official data is available on the size of the Indian crypto market, but industry estimates suggest investors number from 15 million to 20 million, with total holdings of about 400 billion Indian rupees ($5.25 billion) Mumbai: Big Indian crypto exchanges CoinSwitch...
Haryana launches portal to redress grievances related to crop insurance
Haryana Agriculture Minister J P Dalal said,the Pradhan Mantri Fasal Bima Yojana has been implemented in the state since 2016.Under this scheme, barley, maize, cotton, paddy and bajra are insured in Kharif season and wheat, gram, mustard and sunflower crops in Rabi...
UNDP and Generali partner to develop insurance and risk finance solutions
"On average, the world's poorest countries lose $29 billion every year from disasters yet a meagre 3% of these losses are covered by insurance," says UNDP Administrator, Achim Steiner "This new partnership with Generali will allow UNDP to extend much-needed insurance...
Andhra CM inspects information kiosk model to be set up in Aarogyasri hospitals
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy The Chief Minister stated that the government embarked on bringing revolutionary reforms in the health sector for providing better services to the people right from filling up all the vacant posts, to revamping all...
Structural safety certificate from project engineer must be made mandatory for buildings, says advisory panel
During the third meeting of the Central Advisory Council (CAC), constituted under the Real Estate (Regulation and Development) Act, 2016, called as RERA , measures to ensure structural safety in high-rise buildings and prevent loss of life as well as property, besides...
Carry out safety audit of all ropeway projects: MHA to states and UTs
Three people were killed while being rescued from cable cars in Jharkhand's Deoghar district after the ropeway connecting a hill malfunctioned on Sunday afternoon. In a communication to all states and Union territories, Home Secretary Ajay Bhalla also said that for...
Uganda fights crop-devouring armyworm, blaming climate change
Uganda said climate change had probably caused the infestation as the armyworm migrated to Uganda from countries that were hotter because of global warming Uganda's government said on Tuesday it was deploying pesticides to fight an outbreak of African armyworm, which...
J&J must pay $302M in pelvic mesh case: US Court
Superior Court Judge Eddie found after a non-jury trial that the company made misleading and potentially harmful statements in hundreds of thousands of advertisements and instructional brochures for nearly two decades SAN DIEGO: A California appeals court has upheld a...
Global initiative to combat noncommunicable diseases, responsible for 7 in 10 deaths worldwide
NCDs are largely preventable and treatable, nearly seven million lives could be saved for just US$ 0.84 per person per year from now until 2030, says the UN health agency This investment would realize more than $230 billion in economic and societal benefits and head...
UN: COVID plunged 77 million into poverty before Ukraine war
According to the U.N., 812 million people lived in extreme poverty — on USD 1.90 a day or less -- in 2019, and by 2021 amid the pandemic the number had risen to 889 million A UN analysis indicates ''1.7 billion people are faced with exposure to spiking food, energy...