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TCS faces US jury over why it fires so many Americans

by AIP Online Bureau | Nov 5, 2018 | International News, Risk Management

  India’s IT outsourcing giant Tata Consultancy Services Ltd. needs to offer a good explanation for why engineers hired at its American outposts are 13 times as likely to be fired if they’re not South Asian.    The company is set to go on...

PNB MetLife gets Sebi’s go-ahead for IPO

by AIP Online Bureau | Nov 5, 2018 | Indian News

Mumbai: PNB MetLife India Insurance Company has received market regulator Sebi's go-ahead to float an initial public offer (IPO).   The insurer, which had approached the regulator in July seeking its clearance to launch IPO, obtained Sebi's...

Insurers can’t reject health claims after eight years of continuous renewals: IRDA Panel

by AIP Online Bureau | Nov 5, 2018 | Health, Indian News

   Hyderabad: In a bid to reform the fast growing domestic health insurnace sector, a panel constituted by the insurance regulator IRDAI has recommended a moratorium period of eight years of continuous renewals after which any health insurance...

India’s digital journey to accelerate with stronger safeguards: UIDAI CEO 

by AIP Online Bureau | Nov 4, 2018 | Indian News, Risk Management, Technology

  New Delhi: The recent Supreme Court verdict on Aadhaar has ensured stronger safeguards which will accelerate India's digital journey, UIDAI CEO Ajay Bhushan Pandey has said.  Pandey confirmed that the Aadhaar-issuing body Unique Identification...

1,198 corporates admitted under IBC: Official

by AIP Online Bureau | Nov 4, 2018 | Indian News, Risk Management

  Kolkata: As many as 1,198 corporates were admitted into the resolution process under the Insolvency and Bankruptcy Code (IBC) by September end, of which 52 yielded resolution while 212 resulted in liquidation, an official said here on Saturday.   "As...

Clinical trials on Ayurvedic medicine against dengue underway: Health minister Shripad Naik

by AIP Online Bureau | Nov 4, 2018 | Health, Indian News

  NEW DELHI: Clinical trials on Ayurvedic medicine against dengue are in progress and it will be launched at the earliest possible time, Union Minister of State for AYUSH Shripad Naik said Sunday.   Rajesh Kotecha, secretary of AYUSH ministry, said the...

Elon Musk says new tech will make Tesla car ‘follow you like a pet’

by AIP Online Bureau | Nov 4, 2018 | Facts, Technology

  SAN FRANCISCO:  Announcing major improvements for Tesla's Autopark (Summon) feature, CEO Elon Musk has said the company's electric vehicles would be able to find a parking spot and even read signs for parking instruction to avoid tickets by next...

Over Rs 83 lakh penalty imposed for violating pollution norms: CPCB

by AIP Online Bureau | Nov 4, 2018 | Indian News, Risk Management

  New Delhi: A penalty of over Rs 83 lakh was imposed on violators on a single day on Sunday by the teams deployed to monitor implementation of measures to combat pollution in the Delhi NCR under the Clean Air Campaign, the CPCB said.   The highest number of...

As #MeToo gains pace, experts call for wider background check of employees

by AIP Online Bureau | Nov 4, 2018 | Indian News, Risk Management

  Mumbai: With the #MeToo movement gaining momentum across the country, experts feel companies need to widen background screening, including social media checks, while hiring employees at higher levels.   Posts on social media platforms can indicate the...

In a first for India, HSBC makes overseas payment for RIL via blockchain

by AIP Online Bureau | Nov 4, 2018 | Indian News, Risk Management, Technology

  Mumbai: In a first for India, British banking major HSBC has executed a trade finance transaction involving an export by Reliance Industries to an American client using the blockchain, which massively reduced the time taken for processing the documents.  ...
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