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Overhauling fleet: Air India gets ready to place the largest orders in aviation history
The carrier may order Airbus SE’s A320neo family jets or Boeing Co.’s 737 Max models, or a mix of both, the people said, asking not to be identified because the discussions are confidential. A deal for 300 737 Max-10 jets could be worth $40.5 billion at sticker...
Poor monsoon could spell disaster for India’s agriculture-based economy, say experts
However, the weather department says it is expected to pick up the pace and compensate for any deficiency. The prediction is good and the rainfall is picking up. The countrywide rainfall deficit decreased from 43 percent on June 11 to 18 percent on June 17, said...
Delhi bound SpiceJet plane catches fire mid air; all safe
Patna Airport Director also said, "SpiceJet flight from Patna to Delhi was reported to have fire in one engine. The flight landed safely, and all 183 passengers and two infants have deboarded safely." Patna: A Delhi-bound Spice Jet aircraft made an emergency landing...
Bitcoin slides below $20,000 to lowest since December 2020
"Breaking $20,000 shows you that confidence has collapsed for the crypto industry and that you're seeing the latest stresses," said Edward Moya, Senior Market Analyst, The Americas OANDA, on Saturday. Moya said that "even the loudest crypto cheerleaders from the big...
World has ‘gambled on fossil fuels and lost’, warns Guterres
António Guterres, Secretary General, UN “For decades, many in the fossil fuel industry has invested heavily in pseudo-science and public relations – with a false narrative to minimize their responsibility for climate change and undermine ambitious climate policies.”...
Russia-Ukraine War: Indian general insurers form Rs 500 crore `Pool’ to cover Fertiliser shipment, may include Oil later
The `Pool’, which only covers the Cargo and not the Hull, was initiated at the instance of ministry of finance, is already in place this week after receiving due approvals from the insurance regulator IRDAI Effectively, any claim within Rs 500 crore per shipment of...
Warren Buffett charity lunch fetches winning bid of $19 mln
The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner's identity could not immediately be determined Alucky, and likely...
Odisha CM directs state admin to be prepared for natural disasters
Naveen Patnaik chief minister,,Odisha Citing the huge number of natural calamities between June and October, the chief minister said that the period is important and there is a need to strengthen preparations as many natural calamities such as floods, storms and...
‘Surprise’ early heatwave in Europe, harbinger of things to come
Drought warnings are an added concern in much of western Europe, as no significant rainfall is forecast in Europe in the coming days, apart from isolated thunderstorms UN: Sweltering conditions in Europe have come earlier than expected this year but the bad news is,...
Japan: Achieving one of the world’s lowest Covid-19 death rates
A core pillar supporting the low death rate was the underlying good health of Japan’s population. The country has the longest life expectancy in the world, and was one of only six OECD members not to see a reduction in 2020. Just 5% of Japanese people are obese, one...
Assam floods: 54 deaths reported so far, over 18 lakh people affected
The flood waters have submerged 43338.39 hectares of cropland in the flood-hit districts As many as nine more persons died in Assam due to the flood, taking the overall death toll to 54, according to Assam State Disaster Management Authority (ASDMA) on Friday. As many...
Co-WIN platform will be used for transparent organ, blood donation says Dr RS Sharma
"Nobody knows if there is any person nearby who can donate the blood. We will put everybody on this blood donation platform which can become an extremely dynamic blood donation platform. Through Co-WIN you can see which vaccines are available, likewise for blood, you...
Japan’s ‘Famtech’ technology focussing on female employees health
Tokyo: Companies in Japan are introducing "Famtech" or "Female technology under which, attention is being paid to the health of female employees and not just to the superficial beauty. This initiative is undertaken by the Ministry of Economy, Trade and Industry in...
China’s digital yuan extends usage into finance scenarios
Transactions using e-CNY totaled 87.6 billion yuan at the end of 2021, with 261 million individual e-wallets opened, according to the central bank The People's Bank of China is a front-runner in developing and issuing a central bank digital currency (CBDC), which in...
HDFC Life to raise up to Rs 350 cr debt capital via bonds
The Capital Raising Committee of the company's board approved a proposal for raising up to Rs 350 crore through the issuance of 3,500 non-convertible debentures, HDFC Life said in a regulatory filing The company said the bonds will carry a coupon rate of 8.20 percent...
Rating Action: Moody’s places Peak Re’s ratings on review for downgrade
The review for downgrade on Peak Re's A3 IFSR follows Moody's rating action on June 14, 2022 to place on review for downgrade the Ba3 corporate family rating of Peak Re's majority shareholder, Fosun International Limited (Fosun, Ba3 review for downgrade). The rating...
Beazley launches a D&O solution for crypto companies
Luisa Celentano, Underwriter, D&O Specialty Risks said: “The crypto market is growing rapidly, and becoming increasingly mainstream. Crypto firms face a myriad of risks from extreme volatility to a lack of regulation, and they also have to contend with different...
Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman
Bruce Carnegie-Brown, chairman, Lloyd's ``It has been a privilege to serve as Lloyd’s Chairman over the last five years, and I am honoured to be re-appointed. There remains a great deal that we still need to do across the market and Corporation to build on the...