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U.S. Post Office testing Driverless Trucks between 2 cities

by AIP Online Bureau | May 21, 2019 | International News, Risk Management, Technology

  The United States Postal Service is going to put mail on self-driving trucks.   Starting on Tuesday morning, letters and packages moving between Phoenix and Dallas will travel on customized Peterbilt trucks run by TuSimple, an autonomous startup based in...

Computerised Eyewear looking for success in Factories and Field

by AIP Online Bureau | May 21, 2019 | Facts, Technology

  Remember Google Glass?   The vaunted debut of the company’s computerized eyewear six years ago was one of Silicon Valley’s more spectacular flops. Deemed too awkward and pretentious, early users were disparaged as “glassholes” by a...

PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports

by AIP Online Bureau | May 21, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries

New Delhi: Punjab National Bank (PNB) could take control of two or three small state-run banks, that could include Oriental Bank of Commerce, Andhra Bank and Allahabad Bank, two sources familiar with the situation told Reuters. New Delhi has been trying to merge...

IndiaFirst Life net rises 20% to Rs 62 crore in FY19; total premium crosses Rs 3,200 crore

by AIP Online Bureau | May 20, 2019 | Indian News, Life

Mumbai: IndiaFirst Life Insurance on May 20 said its net profit in 2018-19 grew 20 per cent to Rs 61.60 crore as against Rs 51.20 crore a year ago.   IndiaFirst said it has crossed Rs 3,200 crore of total premium during the financial year ended March 2019.  ...

Facebook reported agreeing to 20-yr Pact on Privacy Oversight by US Govt

by AIP Online Bureau | May 20, 2019 | International News, Regulation, Risk Management, Technology

The social media giant Facebook Inc. is headed toward an agreement with the U.S. government over its privacy policies and practices that would put it under 20 years of oversight, according to a source knowledgeable about the discussions.   The agreement would...

Airlines urge Nations’ Regulators to avoid competing Safety Rules

by AIP Online Bureau | May 20, 2019 | Eco/Invest/Demography, International News, Non-Life, Regulation, Risk Management, Technology

  Paris:  Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority.   The...

Ashok Leyland ready to ride on Elon Musk’s India dream 

by AIP Online Bureau | May 20, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

Mumbai: Tesla CEO Elon Musk who has been moving back and forth on his India dream for couple of years and unable to take the next big step now has an invitation from commercial vehicles major Ashok Leyland.   Musk wants to make India his next big market but the...

India’s drug regulator warns patients against faulty Medtronic pacemakers

by AIP Online Bureau | May 20, 2019 | Health, Indian News, Risk Management

New Delhi: The Indian drug regulator has alerted patients with implants of three Medtronic pacemaker models to seek immediate medical care if they feel light-headed, dizzy or experience chest pain and loss of consciousness, saying these could be signs of the...

Young and unsettled: Millennials and Gen Z pessimistic on life, says survey

by AIP Online Bureau | May 20, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts, Health

  Deloitte has released its Global Millennial Survey of 13,416 Millennials (born between 1983 and 1994) spread across 42 countries and 3,009 Gen Z respondents (born between 1995 and 2002) from 10 countries. The firm has conducted the survey for the past eight...

Irdai proposes to increase third-party insurance premium for cars, two-wheelers

by AIP Online Bureau | May 20, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with the regulator Irdai proposing substantial increase in premium rates for the current financial year.   The Insurance Regulatory and Development Authority...
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