About 78 per cent of the claims from AP are due to medical expenses, followed by trip cancellation and interruption. Travel insurance industry, which is at a nascent stage, is set for positive growth with increase in insurance penetration. Only 15 per cent of the 1.25 crore people who travel abroad are taking travel insurance. [...]
New York: India-born fallen Wall Street titan Rajat Gupta should be ordered to reimburse to Goldman Sachs $6.90 million of legal fees incurred in his insider trading case, the investment bank has said, telling a court here that it is “entitled” to the amount. The US government has also written to the District Court in [...]
Satya Vishnubhotla Any bank or financial institution should take necessary steps to update the inaccurate or erroneous data in credit reporting, upon request from a borrower. Teja is a senior bank employee working with a reputed multi-national bank in India. She rose through the corporate ladder of one of the biggest financial institutions with her [...]
New Delhi: Indian mobile devices company Lava International hopes to file 100 patents for mobile applications in the field of education, entertainment and productivity over next 2 to 3 years. “We have realised that just by selling handsets it is not possible to maintain growth momentum. Innovation in product is key to survival. Our wishlist [...]
Making a mark on the biryani scene is no mean task. Offering people in the City what it is most famous for, three friends got together to offer quality, yet affordable, biryani that you can relish in the comfort of your own home.
Nupur Pavan Bang and Purvee Hetamsaria After complaints piled up over the hassles of Know Your Customer norms, the Reserve Bank of India has issued clarifications — a much-needed relief. “The KYC (Know Your Customer) Guidelines were formulated to protect the financial system against threat of money laundering/terror financing and frauds”, said Prof Nicky, when she [...]
Solar electric fencing is increasingly gaining popularity for its crime disruption and asset protection capabilities.
There are also new buying models evolving in the City, wherein buyers come together to buy flats or houses in a certain locality. Residential flat sales in the City has shown persistent growth in the last festive season. However, the flat booking tendency generally goes down from mid-December to mid-January as it is considered inauspicious [...]
Washington: The UN has reported a “sharp slowdown” of world trade, attributing the decelerating global trade growth to “a declining import demand” in Europe and “anaemic aggregate demand” in the US and Japan. “Growth of world trade decelerated sharply during 2012, mainly owing to declining import demand in Europe, as the region entered into its [...]
A young man, armed with knowledge of sharing technology available on the Web, helps Tollywood in fighting piracy losses.
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Andhra Pradesh tops in revenge murders over illicit affairs according to the National Crime Records Bureau statistics. The motive for 445 murders, reported in the State last year, was revenge on cheating partners or their paramours. This amounts to 16 per cent of the murder cases registered here. While the motive for 317 murder cases [...]
Don’t blame the weather for your gloominess. Good rainfall last week and the forecast of further rains due to an active South-West monsoon prompts farmers to sow crops in 50,000 hectares more than last year in Andhra Pradesh. The acreage is expected to increase 25-30 per cent over the normal area of 81.12 lakh hectares, [...]
The man who took a ‘stand’ at Taksim Square
A man stood still in Istanbul’s Taksim Square: silent, staring straight ahead, he had not moved for hours. His peaceful action, on the square that police cleared of protesters on Saturday and where the Turkish authorities have banned gatherings, was a new form of protest. He arrived Monday evening as night was falling and took [...]
As a conscious citizen watching the unfolding of the soap from Bihar, I am constrained to do some hard talk because all these worthies are playing with my life and my children’s. You may well ask how. Because what is happening is not an internal matter of a party or a Front but dividing the nation on communal lines more acutely than they did in the past. And communal venom has no anti-venom. It is deadly.
Corporal punishment in AP schools
The Public Interest Litigation filed in the Andhra Pradesh (AP) High Court on Saturday challenging the inaction of the State government in preventing ‘corporal punishment’ to children in schools calls for attention. Mohammed Shahbaz Ahmed Khan, a City resident, moved the PIL contending that as per the United Nations’ convention, the State was required to [...]
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