Insurers selling other financial products is ultra vires the 2 laws, will lead to problems: Legal experts

02 Dec, 2022

Chennai, Dec 2 (IANS) Even as some call the Indian government's proposal to allow insurance companies to sell other financial products as radical, legal eagles say it is ultra vires of the two insurance laws governing the sector and not beneficial for the policyholders.

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UP's 1st structural audit policy implemented in Noida (02 Dec, 2022)

Noida, Dec 2 (IANS) Uttar Pradesh's first structural audit policy has been implemented in Noida, under which builders would have to submit a structural audit report to obtain a partial or full Completion Certificate (CC).

Homegrown smart TV brands capture record 22% market share in India (02 Dec, 2022)

New Delhi, Dec 2 (IANS) Indias smart TV shipments grew 38 per cent (on-year) in the third quarter (Q3) and the share of homegrown brands showed the fastest growth to register a record 22 per cent share of the overall shipments, a new report showed on Friday.

Amazon CEO Andy Jassy again defends massive layoffs at company (02 Dec, 2022)

San Francisco, Dec 2 (IANS) Amazon CEO Andy Jassy has again defended massive layoffs at the company, saying, "we just felt like we needed to streamline our costs".

Xiaomi celebrates 8 years of Note series with over 7 cr happy customers (02 Dec, 2022)

New Delhi, Dec 2 (IANS) Xiaomi's Redmi Note series has clocked over 7 crore customers since its arrival 8 years ago, setting new benchmarks in the smartphone industry, especially in India, said the company. Over the last 8 years, it has transformed the Indian smartphone landscape by bringing in the latest innovations that have set outstanding industry standards, benchmarks and expectations among consumers.

Mumbai airport chaos: Computers systems restored after nearly 2 hrs (2nd Ld) (01 Dec, 2022)

Mumbai, Dec 1 (IANS) Chaos prevailed for nearly two hours at the Chhatrapati Shivaji Maharaj International Airport (CSMIA) after a computer systems failure hit check-ins and other operations for all airlines, here on Thursday, sources said.

GST collections in line with expectations, say economists (01 Dec, 2022)

New Delhi, Dec 1 (IANS) GST collections for November 2022 showed a dip as they stood at Rs 1.46 lakh crore, down by 3.9 per cent compared to Rs 1.52 lakh crore collected in October 2022. However, compared to the collections of Rs 1.32 lakh crore in November 2021, they were higher by 11 per cent, government data revealed on Thursday.

Independent valuers give liquidation value of Rs 13,000 cr for Reliance Capital (01 Dec, 2022)

Mumbai, Dec 1 (IANS) The Reliance Capital Administrator, in the COC meeting held on Wednesday presented the valuation reports of the Independent valuers - Duff & Phelps and RBSA, to the lenders.

Haryana approves Rs 1,500 crore textile policy (01 Dec, 2022)

Chandigarh, Dec 1 (IANS) To give further impetus to the growth of the state's textile sector and provide a comprehensive support framework for the industry to grow, the Haryana government on Thursday approved the Haryana Aatmanirbhar Textile Policy 2022-25 with an estimated budget of Rs 1,500 crore with capping for capital incentive cases.

Processing of air passengers based on facial recognition tech begins (01 Dec, 2022)

New Delhi, Dec 1 (IANS) Air passengers can get paperless entry at three selected airports including Delhi, Bengaluru and Varanasi to make air travel hassle-free through Digi Yatra launched on Thursday.

Six airbags, BS VI stage 2 may affect demand in lower end of car segment: Maruti Suzuki (01 Dec, 2022)

Chennai, Dec 1 (IANS) The regulatory changes in car safety norms and its impact on the production cost and sales price may impact the demand in the lower end of the segment next year, but the overall market size is also expected to grow, said a senior official of Maruti Suzuki India Ltd.