BUSINESS
Pakistan witnessing a petrol crisis
There is a short supply of petrol in the country with Punjab province bearing the brunt of the crisis. Major and smaller cities, towns and villages in the province do not have the major fuel, The News reported. The crisis has worsened in the last few days despite the government's warning to the people from hoarding petrol in anticipation of an increase in its price.
IRDAI forms consultative committee on insurance investments
The Committee with a tenure of two years will be headed by Supratim Bandopadhyay, former Chairman of the Pension Fund Regulatory and Development Authority (PFRDA). "With a view to monitor the dynamic financial markets on a continuing basis, and to review the regulatory framework on managing the investments in the insurance sector, and to advise IRDAI on developments.
DGCA imposes Rs 20 lakh fine on Air Asia for failing to discharge duties
The DGCA has also imposed a penalty of Rs 3 lakh each on eight designated examiners of the airline for failing to discharge their duties.It has also asked for removal of the airline's Head of Training from his position for three months. Earlier, a surveillance inspection of Air Asia (India) Ltd was carried out by the DGCA during November 23 to November 25, 2022.
PM to inaugurate 246 km section of Delhi-Mumbai Expressway
The 246 km Delhi-Dausa-Lalsot section of the Delhi-Mumbai Expressway has been developed at a cost of more than Rs 12,150 crore. The operationalisation of this section will reduce the travel time from Delhi to Jaipur from 5 hours to around 3.5 hours and provide a major boost to economic development of the entire region. Prime Minister Narendra Modi will visit Rajasthan on February 12 and Karnataka on February 13.
All legacy Blue badges will be removed soon: Elon Musk
Musk has time and again said that the company will remove all Blue checks, as it gets busy monetising its platform by charging users. "Legacy blue checks will be removed soon. Those are the ones that are truly corrupt," he reiterated in a tweet. Earlier this month, the Twitter CEO had said that all legacy verified accounts will soon lose their Blue badges as those are 'deeply corrupted'.
Civil Aviation Ministry clarifies on Digi Yatra app after Ashneer Gorver's tweet
Explaining further, the ministry said on Twitter, "Android users are requested to update to version 2.0.1 which takes care of the app's cache issues. Apple iOS App users are also requested update to version 2.0.2 which is now available on the App Store. Once you scan/upload the boarding pass, a pop-up window allows you to directly share the boarding pass to the airport."
Adani Group hires US legal firm Wachtell to take on Hidenberg Research: Report
The fact that the Adani Group has chosen to retain the services of Wachtell, which is considered to be one of the most expensive law firms in the United States, highlights the intense international pressure the group is facing following Hindenburg's allegations. For many years, Wachtell has been one of the most sought-after advisers by corporate boards at some of the largest US companies that are trying to protect themselves from hostile takeovers and activist investors.
Top industrial houses including Reliance, Birla, Tata to invest in UP
Mukesh Ambani, Chairman of Reliance Industries Limited, announced an investment of Rs 75,000 crore in UP in the coming four years. About one lakh new jobs are expected to be created by this investment. Speaking at the event, Ambani said that the state would become a trillion dollar economy within the next five years.
IIP growth falls to 4.3% in Dec 2022
The industrial growth in December 2021 was 1 per cent. According to the data, the manufacturing sector's output rose 2.6 per cent in December 2022. Among all the key sectors, the electricity sector showed maximum growth of 10.4 per cent, followed by mining at 9.8 per cent and manufacturing at 2.6 per cent.
Air Safety Oversight: India's updated overall effective implementation moves up
"DGCA is very happy to inform that the final report of the ICAO Coordinated Validation Mission in India has been received," said the regulator. The DGCA has received the final report of the ICAO Coordinated Validation Mission (ICVM) in India which is based on an audit conducted from November 9 to 16, 2022.
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