On Monday, SBI Life Insurance said that it had signed a bancassurance agreement with Yes Bank to offer life insurance solutions to Yes bank's customers in India. As a part of the partnership, SBI Life Insurance would diversify into a range of individuals and groups' insurance solutions, and it would be offered to Yes Bank's customers through its branches spreading across 28 states and 8 Union Territories in India. SBI Life's extensive product portfolio coupled with Yes Bank's digital capabilities and widespread presence will ensure easy accessibility of insurance solutions to the bank's customers. The agreement was signed by the Senior Group President & Global Head - Retail Banking at Yes Bank, Rajan Pental and AVS Sivaramakrishna, Regional Director-Mumbai region, SBI Life Insurance, in the presence of MD

Sub Lieutenant Kumudini Tyagi and Sub Lieutenant Riti Singh will be the first women officers posted on Navy warships among the crew, redefining gender equality in the Indian Navy. Several women officers are posted in ranks of the Indian Navy, but none so far have been assigned to warships for long periods because of reasons such as lack of privacy in crew quarters and the inclusion of gender-specific bathroom accommodations. Changes are underway with the two young officers training for operation on a host of sensors overseas navy multi-role helicopters, with sonar consoles and Intelligence, Surveillance and Reconnaissance (ISR) payloads. Likely, the two officers will gradually begin flight on the latest MH-60 R helicopters, with 24 currently in order. Regarded as the most significant advancement in multi-role hel

US electric-truck maker Nikola Corporation on Sunday said that its founder Trevor Milton has stepped down as Executive Chairman, as it battles in allegations with a short-seller about misleading investors and automakers. "The focus should be on the company and its world-changing mission, not me. So I made the difficult decision to approach the Board and volunteer to step aside as Executive Chairman," said Milton. Stephen Girsky, Former Vice-Chairman of General Motors Co and a board member of Nikola, have been named as the Chairman.  Earlier this month in a report, short-seller Hindenburg Research alleged that Nikola Crop. Misled investors over its technology, sending shares of the company spinning lower. Hindenburg said that it had gathered enough evidence for showing false statements made by Milton about

Last week, Paytm has briefly removed from Google Play Store for violating the content of rules. While the financial services app was restored within a few hours, Paytm published a blog post saying that Google delisted the app as it didn't comply with its gambling policy. Now, Google has released a statement refuting the claims saying, "offering cashback and vouchers alone do not constitute a violation." Paytm accuses Google on its policies. In its blog post published on Sunday, Paytm offered a brief background of why the app was removed from Play Store. It said that on September 11, it launched a UPI cashback campaign called Paytm Cricket League. Here, "users could collect cricket stickers & scratch cards to earn UPI cashback." On September 18, Paytm received an email from Google Play Support that said the ap

In a race to incorporate a zero-emission passenger plane in operation by 2035, Airbus SE of Europe revealed three designs undergoing study for constructing a hydrogen-powered aircraft. Techniques comprise of a turbofan jet accommodating 200 passengers, similar to A321neo narrow-body – flying over 2,000 nautical miles, based on a Monday statement. It would be powered by a modified gas-turbine engine running on hydrogen. The manufacturer further displayed the propeller plane design seating nearly 100 passengers for smaller distances and a flying-wing concept with 200 seats. Earlier information by Airbus revealed the mid-2030s intended for launching the first emission-free commercial jet. It's under pressure from the French and German governments, its most significant shareholders, in finding environmental solu

On Monday, State Bank of India (SBI) issued the highest number of credit cards in India. It announced a collaboration with Google to enable customers to use their cards on Google Pay platform. Now all the users can make card payment by using Google Pay app on their Android smartphones in three modes such as via tap-and-pay at near field communication (NFC) enabled point-of-sale terminals, by scanning Bharat QR code at the merchant as well as online payments without using the physical credit card. The launch is in line with SBI Card's endeavour to promote zero contact, digital forms of payments for safe and enhanced customer experience. The brand has a customer base of over one crore. "As smartphone penetration in India soars, credit cards have also changed form to reside securely on the mobile phone. Our partn

The new online gaming platform startup Mobile Premier League (MPL) has raised a series C funding of $ 90 millions from SIG, RTP Global, and MDI Ventures. This takes overall investments into MPL to $130.5 million. Also, existing investors are participating in this round. Earlier MPL had raised $35.5 million in series A investment from Sequoia India, Times Internet, and GoVentures in April 2019. It is the second-largest investment into an online gaming startup this by MPL amounted $ 90 million, after $ 225 million funding has been raised by Dream Sports, known for a fantasy gaming platform, early this month from Tiger Global Management, TPG Tech Adjacencies, ChrysCapital and Footpath Ventures. Online gaming in India is catching up fast due to a growing smartphone ado and easy access to 4G speeds. Post COVID-19, man

Agra's Taj Mahal reopened today under mandatory guidelines to be adhered to, following the rampant and ongoing spread of the novel coronavirus pandemic. The Taj Mahal was shut for the public and tourists for more than six months since March 17 following imposed lockdowns. Today, the Agra Fort also reopened. The safety guidelines must be exercised with caution during the visit to the mausoleum and fort. Social distancing and hand sanitization are topmost priorities. This information was provided by Vasant Kumar Swarnkar, superintending archaeologist of the Archaeological Survey of India (Agra circle).  The daily tourist limit at the Taj Mahal will be up to 5,000, with 2,500 before 2 PM and the rest after. At Agra Fort, 2,500 tourists will be allowed on a daily basis. "Masks are mandatory to enter the monuments, a