Indian

India’s Royal Enfield recalls about 237,000 motorcycles on ignition coil defect

May 20, 2021

The recall will apply to Meteor, Classic and Bullet model motorcycles sold in India, Thailand, Indonesia, Philippines, Australia, New Zealand and Malaysia, Royal Enfield said in a statement.

Miscalculations may have ended ONGC vessels in cyclone whirlwind: Report

May 20, 2021

A drillship of Oil and Natural Gas Corporation (ONGC) and three barges of private contractor Afcons working on the state-owned firm’s oilfield went adrift after their anchors gave away in the storm on Monday night.

A massive day-night operation by the Indian Navy, Coast Guards and ONGC vessels helped save those on the drillship and two barges, but only 186 out of 261 onboard accommodation barge Pappa 305 could be rescued. 37 persons are confirmed dead so far, while the remaining 38 are still missing.

COVID-19: HC directs hospitals to update beds data on portal or face action for willful defiance

May 20, 2021

“However, we make it clear that if we find any willful or deliberate defiance of our orders, we will not shy away from taking precipitate actions to ensure compliance of orders,” the bench, which heard the matter for over five hours, said.

ITR filing deadline: Government extends FY21 filing for individuals till September 30

May 20, 2021

In a circular, the CBDT said an extension of time limits is being given for certain tax compliances “to provide relief to taxpayers in view of the severe pandemic”.Also, the deadline for issuing Form 16 by employers to employees has been extended by a month till July 15, 2021, the CBDT said.

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International

UK car insurance premiums see biggest annual fall since 2014

Jul 16, 2018

Prices were pushed down because of expected changes in the rate used to calculate compensation for personal injuries, reforms likely to reduce claims for whiplash injuries, as well as a reduction in the volume of claims, the survey said.

Scientists peer into heart of hurricanes to improve intensity forecast

Jul 16, 2018

While the science of tracking a storm relies heavily on data about conditions on its periphery, predicting intensity relies on finding where its energy is coming from by measuring what is happening in the middle of it.

Europe’s Banks move to greener finance in response to Climate Change Risks

Jul 15, 2018

The strategy is to invest in cross-asset portfolios that include World Bank bonds, green bonds and environmental, social and governance-focused equity funds. The wealth manager expects the approach to generate returns comparable with its conventional strategies.

EU dismisses UK concerns about Post-Brexit continuity of Insurance Contracts

Jul 15, 2018

At issue is the ability of firms to continue servicing contracts if the U.K. leaves the EU with no agreement in place to ensure firms still have the authorizations they need to do business in both markets. Without those permissions, firms could be unable to carry out so-called life cycle events in derivatives contracts, such as trade compression; insurers could lose the authorizations they need to collect premiums and pay claims

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