The Insurance Regulatory and Development Authority (IRDA) has stated that the Insurance Repository System was launched on September 16, 2013 with the objective to provide policy holders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy in order to bring about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies.
Category: Technology
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Enhanced surveillance
American Dynamics, part of the Security Products business unit of Tyco, introduced the latest version of its VideoEdge VMS which includes critical new features to help prevent crime and more effectively monitor active, high-traffic environment's.
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Management man
Raj Kalady has been the Managing Director of PMI (India) since January 2008. In his current role, he is responsible for the advancement and advocacy of project management and PMI in India. His key responsibilities include designing, developing and implementing the strategic and business plan in addition to outlining the corporate culture for PMI in India.
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Atlas Copco to launch mobile equipment
Atlas Copco is to launch a new mobile rig for boring so-called opening holes in mines. The new rig, called Easer, can perform both box hole boring and down-reaming with a hole diameter of 750 mm, as well as conventional raiseboring with a hole diameter of up to 1,200 mm. The increased demand for a highly mobile and versatile rig specifically designed to create these opening holes safely and efficiently, has led to the development of the Easer.
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Honeywell innovations
Honeywell introduced several innovative technology solutions at he Honeywell India Users Summit in Mumbai. These new solutions address critical plant operations and can be customised to a plant's individual needs. Themed "Safe. Reliable. Profitable.",
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Honeywell innovations
Honeywell introduced several innovative technology solutions at he Honeywell India Users Summit in Mumbai. These new solutions address critical plant operations and can be customised to a plant's individual needs. Themed "Safe. Reliable. Profitable.",
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Wipro Recognised by ITSMA
Wipro announced that it has been recognised by Information Technology Services Marketing Association (ITSMA) with a Gold Award in the category 'Marketing with Social and Digital Media'. Wipro received the award during the 20th ITSMA Annual Marketing Conference 2013 at The Charles Hotel in Cambridge, Mass. Wipro's new digital strategy has successfully integrated fragmented digital assets, content and audiences to build a strong social presence in excess of 1.5 million followers.
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SEZ project development
About 30 Special Economic Zone (SEZ) developers have been given six months to one year more time by the Union government to execute their projects. The decision was taken by an inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary SR Rao in its meeting. Requesting for more time to implement their projects, Posco-India, Unitech Infracon and Lodha Dwellers have also made their requisition to the government.
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New technology
Using a new technology, called ´white topping,´the Aurangabad Municipal Corporation (AMC) would construct the road from Lemon Tree hotel to Jalgaon T Point, that is 2.5 km long, in the city. AMC is introducing the technology for the first time in the city and Rs 3 crore has already been approved for construction of the road.
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EGoM clears M and A rules for telecom
An empowered group of ministers (EGoM) cleared the final merger & acquisition (M&A) guidelines for the sector. The EGoM has also decided to increase the quantum of 1,800-MHz spectrum to be put up for auctions in January to 403 MHz, an addition of 118 MHz, or 41.4 per cent, to what it had proposed earlier. The addition also means that an average 18 MHz of spectrum will be up for sale in each circle enough for three to four operators.