Recent Event Highlights: Berkshire Hathaway finally forays into India's reinsurance business - Economic Times, Insurance-Nigeria: Salvaging economic risks through insurance - Afrique en Ligue, Maruti forms new company to re-enter vehicle insurance - Livemint, Salvaging economic risks through insurance - Vanguard, SC split on arbitration issue - Business Standard, Stolen vehicle: New India forced to pay - Financial Express, and 152 more...
Created by dipity on Jul 23, 2009
Last updated: 04/05/12 at 03:57 AM
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Berkshire Hathaway finally forays into India's reinsurance businessEconomic TimesIn the current fiscal, Berkshire will be the lead reinsurer for Bajaj Allianz and National Insurance and will be a co-lead for New India Assurance with GIC. Leading the treaty indicates that it will reinsure the majority portion of the insurance ...and more »
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Insurance-Nigeria: Salvaging economic risks through insuranceAfrique en LigueTo this end, stakeholders are calling for collaboration between the government and the insurance industry in the fight against terrorism. Chairman of New India Assurance Company Limited, Mr. Annur Sekar said that terrorism is a serious cause for ...and more »
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Steel Corporation of the Philippines questions CA rulingSteelGuruSCP's panel of insurers includes Mapfre Insurance Corporation, New India Assurance Company, Philippine Chapter Insurance Corporation, Malayan Insurance Company and Asia Insurance Philippines Corporation. SCP contends the manifest partiality, ...
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGkrergifsWN-R2Pnkv-bdHDnvQIg&url=http://www.steelguru.com/international_news/Steel_Corporation_of_the_Philippines_questions_CA_ruling/257531.html
Maruti forms new company to re-enter vehicle insuranceLivemintPrior to the cancellation of the licence, Maruti was acting as an agent for at least six general insurance firms, including National Insurance Co. Ltd, New India Assurance Co. Ltd, Iffco-Tokio General Insurance Co. Ltd and Bajaj Allianz General ...and more »
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Salvaging economic risks through insuranceVanguardTo this end, stakeholders are calling for collaboration between the government and the insurance industry in the fight against terrorism. Chairman of New India Assurance Company Limited, Mr. Annur Sekar said that terrorism is a serious cause for ...and more »
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SC split on arbitration issueBusiness StandardNew India Assurance Co Ltd and Oriental Insurance Co Ltd contended interest fell due on the date of adjudication, and as such, it was not payable after 30 days of the date of accident, as was held by the commissioner. Rejecting the argument, the high ...and more »
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Stolen vehicle: New India forced to payFinancial ExpressThe Central Delhi District Consumer Disputes Redressal Forum passed its order on plea by NGO St Joseph's Service Society, which said the New India Assurance Company Ltd (NIACL) with which its vehicle was insured had rejected its claim saying that the ...
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Excerpt
...Consumer Disputes Redressal Forum passed its order on plea by NGO St Joseph''s Service Society, which said the New India Assurance Company Ltd (NIACL) with which its vehicle was insured had rejected its claim saying that the stolen vehicle was recovered from...
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Common forum for insurance claims a boonHindu Business LineThe common mechanism for settlement of motor third party claims initiated by PSU insurance companies – National Insurance, New India Assurance, Oriental Insurance and United India Insurance – has been able to settle claims of about 85 cases in Kolkata.
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When companies reject your claimHindustan Times(Shri SN Bansal Vs Oriental Insurance Company Limited, decided on March 10, 2008.) In Shri Sadhan Chakraborty Vs The New India Assurance Company Ltd (May 23, 2007), the insurance did not send a surveyor/investigator for three months after the theft of ...
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Malpractice insurance catches on in IndiaLivemintFour years ago, MV Kini and Co. ran into such a box on a form from a US client, says managing partner Ravi Kini. In response, rather than leaving the box blank, the firm signed up for insurance with New India Assurance Co.and more »
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Keerthana in the centre, amrutha in pink and varsha in red, danced for the silver jubilee of the New India assurance company, Malappuram DO on 21st January 2012
The New India Assurance Co. Ltd. च्या कल्याण DO 170500 येथे २३.१२.२०११ रोजी श्री सत्यनारायणाची पूजा झाली.
TV9 News : Rs 100 cr Cover For Sachin's "Dream House"......, Having moved into his "dream house", ace cricketer Sachin Tendulkar has now secured his five-story Bandra residence with a staggering Rs 100 crore insurance cover, one of the biggest insurance deals by an individual. The cricket icon has bought the insurance from a consortium of general insurers, according to industry sources. "A consortium of general insurance companies has given an insurance cover for the cricketer's home in Bandra for a value consideration of Rs 100 crore," an official of a public sector general insurance company, who wished not to be named, said. As per the official, all the four state-run GIs along with a private insurer have provided the cover. "Oriental Insurance Company, United India Insurance, New India Assurance and National Insurance Company are the four government-owned general insurers providing the cover along with a private insurer," the official said, adding the annual premium would be around Rs 40 lakh. According to another insurance official, the cover has been taken in two parts. While a fire insurance policy has been obtained for Rs 75 crore, an additional cover of Rs 25 crore has been bought for household items like furniture, electronic gadgets and cricket accessories among others. The fire insurance covers losses from blaze, terror attacks, natural disasters like earthquakes, and burglary among others. The insurance covers the cost of the land, compound walls, besides ...
DR. GK ARYA SIR AT THE NEW INDIA ASSURANCE CO. SPORTS AND RECREATION CLUB FUNCTION HELD ON 25/12/2011 AT HK HALL AHMEDABAD
SHASHIN PANDYA AT THE NEW INDIA ASSURANCE CO. SPORTS AND RECREATION CLUB FUNCTION HELD ON 25/12/2011 AT HK HALL
MR JATIN SHAH AT THE NEW INDIA ASSURANCE CO. SPORTS AND RECREATION CLUB FUNCTION HELD ON 25/12/2011 AT HK HALL
WWW.AMSURE.IN ( +91-9004334443 / +91-9869424443 ) Profile We are AmSure Insurance Agency Ltd. - a joint venture between Amway India Enterprises Pvt. Ltd and Hollard Life Assurance Company Ltd South Africa established in 2004 with a vision to providing Insurance solutions for the Amway Universe. About Amsure We are the Corporate Agent for Max New York Life insurance Co. Ltd. for Life Insurance Solutions and Royal Sundaram Alliance Insurance Co. Ltd., for health Insurance Solutions. AmSure Insurance Agency Ltd. with its distribution reach and Max New York Life insurance Co. Ltd. along with Royal Sundaram Alliance Insurance Co. Ltd. with their expertise in the Life Insurance and General Insurance products respectively helps in providing access to a range of life & health insurance products designed to suit your needs. At the moment, AmSure distributes exciting Life Insurance Products and Health Insurance Products. The AmSure Corporate office is currently based in Noida, with regional representation in Mumbai, Bangalore, Chennai, Kolkata, Delhi and is also available wherein Amway has a branch infrastructure. About Our Joint Venture Partner Amway India Enterprises Pvt Ltd. is a 100% subsidiary of Amway, USA and is the country's leading direct selling FMCG-company which manufactures and sells world-class consumer products. Hollard Life Assurance Company Ltd. is South Africa's largest independent insurance company, and the only company to offer both life and general insurance ...
WWW.AMSURE.IN ( +91-9004334443 / +91-9869424443 ) Profile We are AmSure Insurance Agency Ltd. - a joint venture between Amway India Enterprises Pvt. Ltd and Hollard Life Assurance Company Ltd South Africa established in 2004 with a vision to providing Insurance solutions for the Amway Universe. About Amsure We are the Corporate Agent for Max New York Life insurance Co. Ltd. for Life Insurance Solutions and Royal Sundaram Alliance Insurance Co. Ltd., for health Insurance Solutions. AmSure Insurance Agency Ltd. with its distribution reach and Max New York Life insurance Co. Ltd. along with Royal Sundaram Alliance Insurance Co. Ltd. with their expertise in the Life Insurance and General Insurance products respectively helps in providing access to a range of life & health insurance products designed to suit your needs. At the moment, AmSure distributes exciting Life Insurance Products and Health Insurance Products. The AmSure Corporate office is currently based in Noida, with regional representation in Mumbai, Bangalore, Chennai, Kolkata, Delhi and is also available wherein Amway has a branch infrastructure. About Our Joint Venture Partner Amway India Enterprises Pvt Ltd. is a 100% subsidiary of Amway, USA and is the country's leading direct selling FMCG-company which manufactures and sells world-class consumer products. Hollard Life Assurance Company Ltd. is South Africa's largest independent insurance company, and the only company to offer both life and general insurance ...
WWW.AMSURE.IN (+91-9004334443 / +91-9869424443) Profile We are AmSure Insurance Agency Ltd. - a joint venture between Amway India Enterprises Pvt. Ltd and Hollard Life Assurance Company Ltd South Africa established in 2004 with a vision to providing Insurance solutions for the Amway Universe. About Amsure We are the Corporate Agent for Max New York Life insurance Co. Ltd. for Life Insurance Solutions and Royal Sundaram Alliance Insurance Co. Ltd., for health Insurance Solutions. AmSure Insurance Agency Ltd. with its distribution reach and Max New York Life insurance Co. Ltd. along with Royal Sundaram Alliance Insurance Co. Ltd. with their expertise in the Life Insurance and General Insurance products respectively helps in providing access to a range of life & health insurance products designed to suit your needs. At the moment, AmSure distributes exciting Life Insurance Products and Health Insurance Products. The AmSure Corporate office is currently based in Noida, with regional representation in Mumbai, Bangalore, Chennai, Kolkata, Delhi and is also available wherein Amway has a branch infrastructure. About Our Joint Venture Partner Amway India Enterprises Pvt Ltd. is a 100% subsidiary of Amway, USA and is the country's leading direct selling FMCG-company which manufactures and sells world-class consumer products. Hollard Life Assurance Company Ltd. is South Africa's largest independent insurance company, and the only company to offer both life and general insurance ...
We are pleased to introduce AAKASH HOSPITAL an ISO certified 9001: 2000 one of the city's modern and leading hospital offering the widest range of medical facilities under one roof, catering to patients from all socio--economic status, with personal care and services. The hospital is registered with the Directorate of Health Services, Govt of Delhi, India. The hospital provides 24hours services that include Ultrasound, Laboratory Test, X-ray, ECG, Holter, Doppler, and TMT & Echo for all patients who require it. All medical investigations are conducted on the latest technologically advanced diagnostic equipments. Stringent assurance and quality exercise and checks ensure reliable and high quality test results. Aakash Hospital has 25-30 rooms which include Deluxe, A/C and Economy range. A unique feature is the inbuilt pipeline providing oxygen and suction facilities next to each bed. A dedicated team of highly qualified doctors is on duty round the clock to provide medical coverage. The inpatient services are complemented with a day care center, out patient facilities and exclusive center for health check for executives. In very short span of time Aakash Hospital has become one of the leading referral centers of the city for Routine Medical Checkups, Surgical Treatments, Ortho, Dental, gynaec, and various other advanced procedures. The highly qualified compassionate doctors and well trained service staff make the patient comfortable and feel at home. We are on panel of ...
www.myinsuranceclub.com For the first time in its 90 year history, New India Assurance posted losses of Rs 421 crore in 2010-11. The largest general insurance company has taken a severe blow from of about Rs 300 crore from international operations.
Jeevan Anand plan is the combination of whole life policy and endowment insurance policy the plan provides the per-decided SA and bonus at the end of the stipulated PPT, but the risk cover on the life continues till death. This policy is suitable for the people of all ages and social groups. The policyholder will be benefited by giving protection to their families from a financial setback that may occur owing to their demise The amount assured if not paid by reason of his death earlier will be payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's of this plan is moderate premiums, high liquidity, saving oriented. Premiums are usually payable for the selected term of years or until death if it occurs during the term period. Accident benefit is available during engaged in hazardous occupations attracting occupational extra.
www.myinsuranceclub.com General insurance companies ICICI Lombard, IFFCO Tokio, Royal Sundaram, Bajaj Allianz, New India Assurance and National Insurance failed to comply with the guidelines laid down by the Insurance Regulatory and Development Authority (IRDA).
The 2011 ICC Cricket World Cup will be the tenth Cricket World Cup and will be hosted by three South Asian Test cricket playing countries: India, Sri Lanka and Bangladesh. It will be Bangladesh's first time co-hosting a Cricket World Cup. The World Cup will use cricket's One Day International format, with fourteen national cricket teams scheduled[1] to compete. The World Cup will take place between February and early April 2011, with the first match to be played on 19 February 2011 with co-hosts India and Bangladesh facing off at the Sher-e-Bangla National Stadium in Mirpur, Dhaka.[2] The opening ceremony was held on 17 February 2011 at Bangabandhu National Stadium, Dhaka, two days before the start of the tournament,[3] with the final on 2 April 2011 at Wankhede Stadium, Mumbai. The World Cup was also supposed to be co-hosted by Pakistan, but in the wake of the 2009 attack on the Sri Lanka national cricket team in Lahore, the International Cricket Council (ICC) decided to strip Pakistan of its hosting rights.[4] The headquarters of the organising committee were originally situated in Lahore, but have now been shifted to Mumbai.[5] Pakistan was supposed to hold 14 matches, including one semi-final.[6] Eight of Pakistan's matches were awarded to India, four to Sri Lanka and two to Bangladesh.[7] Contents * 1 Host selection o 1.1 Bids * 2 Format * 3 Qualification * 4 Preparations o 4.1 Pakistan stripped of co-host status o 4.2 Allocation of matches * 5 Opening Ceremony * 6 ...
Innovation seems to know no boundaries these days. We've come to expect constant innovation and out-of-the-box change from technology leaders like Steve Jobs at Apple, Sergey Brin and Larry Page at Google, and Mark Zuckerberg at Facebook. But innovation in insurance? In India? You've got to be kidding. That's exactly what we found this morning here in Mumbai when we visited with Sandeep Bakhshi, chief executive of ICICI Prudential Life Insurance Company Limited. Joining him, both in the meeting and in his innovation plans, were Judgajit ("Jit") Das, Chief of Human Resources at the company, and Ashish Rao, VP of Human Resources. First, they said, you must understand the life insurance industry in India. Prior to 1955, there were 230 life companies. Then the government nationalized the industry and there was only one. Today that company, Life Insurance Company of India ("LIC"), has 300 million policyholders, easily dwarfing every other insurance company in the world when measured this way. In the early 90s, the government decided it made sense to open the industry to competition again. Prudential was one of the first new companies into the market. Today there are more than 20 major private sector companies plus LIC, still state-owned and still the biggest with 70 percent market share. Prudential today has 6 percent market share but ranks third in the market with 6 million policyholders. The company, as a foreign-owned entity, is required to have an Indian partner with ...
Insurers' cashless norms have no impact on TPAsmydigitalfc.comThe four general insurers which have joined hands for the new PPN network system include New India Assurance, Oriental Insurance, United India Assurance and ...
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PNB sells life insurance in 324 branches nationwidePhilippine StarPNB Life is a product of the acquisition of New York Life Assurance Co., and a divestment from the former PNB Beneficial Life now known as Beneficial PNB.and more »
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The HinduIndia to provide aircraft, choppers to SeychellesDaily News & AnalysisHe also reiterated India's assurance, as conveyed by prime minister Manmohan Singh during Michel's visit to New Delhi earlier this year, for continued ...India to give three aircraft to SeychellesSifyIndia to assist Seychelles in anti-piracy operationsThe Hinduall 48 news articles »
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AP power commission set to rework tariff for green firmsBusiness StandardThe Supreme Court has dismissed the appeal of New India Assurance Co Ltd against the order of the National Consumer Commission which had asked it to pay ...and more »
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Private insurers too may axe cashless mediclaimHindu Business LineA senior official from New India Assurance Company said private insurers have shown interest in joining the preferred provider network. ...Group plans not under PPN because of pricing flexibility: PSU insurersmydigitalfc.comPatients to get limited choiceDeccan ChronicleInsurers may meet Irda on Tue over IPO normsTimes of IndiaFinancial Expressall 14 news articles »
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'Doctors, not insurance cos, will judge urgency of cases'Economic Times... after incurring a total expenditure of Rs 41158, Khan lodged a claim for insurance with the New India Assurance Company Limited from whom she had taken ...and more »
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Moneylife Personal Finance MagazineInsurers may charge 50% more for high-end hospitalsBusiness StandardThe four insurers – New India Assurance, United India Insurance, National India Insurance and Oriental Insurance – are designing a product where a person ...'Package rates to stabilize treatment cost'Times of Indiaall 12 news articles »
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OneindiaInsurance firms,Providers met today over the cashless insurance serviceBusiness StandardMr. M Ramadoss, Chairman cum Managing Director, The New India Assurance Co. Ltd. felt that in order to keep Health insurance premiums affordable and viable ...Public insurers to allow cashless settlement for accidents, emergency treatmentMoneylife Personal Finance MagazinePSU insurers to restore cashless facility graduallyNDTV.comState-run health insurance providers stick to pruned list of preferred ...domain-BEconomic Times -mydigitalfc.com -News Localeall 149 news articles »
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Insurance cos slash list of hospitals in Mumbai for making fraudulent claimsTimes of IndiaAlarmed at the trend, New India Assurance Company decided to undertake an exercise to cut down the mounting losses incurred on account of fake claims. ...and more »
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Companies buying kidnap cover due to increased kidnappingsSiliconindia.comThe companies include New India Assurance, United India, Tata AIG, ICICI Lombard and HDFC Ergo. When the client informs about an incident, insurers are ...Insurance: Kidnap cover sales doubleRediffall 8 news articles »
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Kidnap cover sales doubleBusiness StandardThe group negotiates with the kidnappers and announces a reward money,” said IS Phukela, general manager at New India Assurance. ...and more »
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Auditors sight new gravy trainInvestors ChronicleUser views on External Assurance and Management Commentary", the research drew responses from 290 investors and others including 150 financial professionals ...and more »
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CRWE, EXXI, GS, - PennyOmega.com Watch List! for Wednesday 23, 2010TMCnetNo assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statements. ...and more »
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Steering resurgence at United IndiaEconomic TimesHe came from market leader New India Assurance, wherein he rose to the rank of general manager after joining in 1979. In New India, he also had an ...and more »
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Reuters IndiaHow The Hindu covered the 1984 Bhopal calamityThe HinduWith a former Chairman of Union Carbide India Limited, Keshub Mahindra, and seven others convicted and sentenced to two years imprisonment by a trial court, ...Bhopal gas tragedy: Centre arranged Anderson's release, says ex-US diplomatNDTV.com'Cong govt facilitated Anderson escape'indiabloomsBhopal: Focus on real issuesAsian AgeSify -Gulf Timesall 2,258 news articles »
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Rapid Growth of Markets Outside North America and Europe Drive Globalization ...MarketWatch (press release)Led by India and China, the Asia-Pacific market is projected to grow more than 70 percent, making it the largest market in the world for new aircraft. ...and more »
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Irda to issue new norms on UlipsDaily News & AnalysisFixed assurance products on the Ulip platform, too, are being mulled. New Ulips can be launched only after the guidelines are announced, the Irda official ...and more »
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Laural Resources Changes Name to AbTech Holdings and Enters Water Cleanup ...MarketWatch (press release)As previously announced, and as part of a new business direction, the Company has entered into a Letter of Intent ("LOI") to acquire all of the issued and ...and more »
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Autoliv Invests in India - Opens New Engineering and Production FacilityMarketWatch (press release)Last year, Autoliv became the first company to produce airbags in India. "We are very proud of our new technical center, the first in India. ...and more »
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BFX secures insurance cover from New IndiaGulf Daily NewsMANAMA: The Bahrain Financial Exchange (BFX) has procured financial cover from the New India Assurance for enhancing the settlement services of the BFX ...and more »
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A man calls in asking for advice. He says he was working on a building site and the immigration raided it and caught 4 of us and took our fingerprints and did a search. They got a bank and other cards. I gave my correct address and name and they called me to sign. Shall I go or not? Harjap says they call you to sign so they can keep an eye on you and the reason is to send you back. An enquiry will go to your village, they will want to find out who you are and will try to get documents from the Indian embassy and they will try to send you back. The man says if they dont get an enquiry from the India, they cant send you back? Harjap says yes, it is difficult, until they get an enquiry, the Indian government wont make the documents. The man says what do I do now? Harjap says it is all on you to decide, you are old enough to know if you should sign or not. Otherwise, they have called you in and it is up to you to decide if you should go or if it is worth it. The man says if I dont go, they have got my correct address and will raid my house. Harjap says they will do that, 100%. Harjap says ok, there is one more way, you can do a case. As long as your case is still going, they cant send you back. During this you can still sign with no problem. He says I need assurances for 2 years. Harjap says you cant get that, you dont get any guarantees. It is not like furniture you are going to get, if it breaks in 10 years, give me a new one. It is your destiny; the case can run for 1 week ...
And they did the unimaginable. NETRA is a completely autonomous hovering Unmanned Aerial Vehicle ideal for short range missions and requires very short training time. Its intuitive point and click graphical user interface requires minimal user assistance allowing the user to concentrate on the mission objective rather than the flying of the vehicle. Its quick deployment time and vertical take-off and landing (VTOL) ability expand its usage to confined areas of operation. It finds application in Anti-terrorist operations, Counter-insurgency in forested areas, Hostage situations, Border infiltration monitoring, Local law enforcement operations, Search and Rescue operations, Disaster management, Aerial Photography and more. As a 50-member consortium, instead of small isolated units, they built an unmanned aerial vehicle (UAV) called Vihang Netra for the Armed Forces. They pooled their resources in domains, going all the way from aerospace, avionics, navigation, sensors, radars, fuses, smart weapons, radio networks, thermal imaging, image processing, safety equipment, ground support equipment for missiles and quality assurance equipment. The UAV has been accepted by the Indian Army since units have flown at an altitude of 1000 feet above mean sea level (MSL), requiring smaller crew and ground support operations against imported variety. So, to explore the potential of this indigenous development, DEMA has formed a strategic partnership through an MoU with Larsen & Toubro. A ...
From constructing the chassis from one solid piece of aluminum to re-engineering often overlooked components, Lead Mechanical Engineer Shingo Harada reviews the unique steps his team took to make the new Z Series ever more durable, thinner and lighter than its predecessor. Learn more at sony.com/VAIOcommunity
Excerpt
CHENNAI:
Mumbai-based Rs.5,516-crore premium New India Assurance Company Ltd - one of the
four government-owned general insurance companies - has remained headless for
the past two and a half months.
"At a time when the non-life
insurance sector is
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