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2 Min Read A recent paper published in the peer-reviewed journal The Lancet, based on a global study, pointed out that there are 800 million adults living with diabetes across the globe, half of whom are not receiving any treatment. Shockingly, around a quarter i.e., 212 million live in India.
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According to a report by World Health Organisation and US Centres for Diabetes Control and Prevention (CDC), India was among the 57 countries that witnessed large disruptive outbreaks of measles in 2023. With 65,150 cases India was second to the Democratic of Congo whereas the infection has gone up by 20% with 10.3 million cases recorded in 2023.
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2 Min Read The Indian government is gearing up to permit 100% FDI in insurance sector, aiming to attract global players and boost insurance coverage. The move is a part of the Insurance Amendment Bill, this will also enable agents to sell policies from multiple companies, enhancing efficiency and consumer choice.
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Kerala government to set up an electric vehicle (EV) research and industrial park at Vilappilsala in Thiruvananthapuram district. The park, slated to become the state's first dedicated facility focused on the research and manufacturing of electric car components and designs, will be located on a 23-acre site owned by Trivandrum Engineering Science and Technology Research Park (TrEST), a state government institution.
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With festivals like Navaratri and Diwali falling in October, it was festive cheer for the Indian car market. The retail sales sky-rocketed over 32% year-on-year (y-o-y) and more than 75% month-on-month (m-o-m) in October. However, high inventory level at dealerships continues to be a major concern. According to data from the industry body Federation of Automobile Dealers Associations (FADA), the passenger vehicle (PV) retails grew 32.38% y-o-y at 483,159 units in October from 364,991 units in the same month last year.
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Amid the worsening of the air quality index (AQI) in Delhi, the New Delhi Municipal Council (NDMC) decided to hike the car parking fees in order to discourage any unnecessary use of vehicles on the roads in the capital city. The New Delhi Municipal Council (NDMC), which provides a range of civic services including road and footpath maintenance, on Wednesday announced parking charges as high as Rs 40, instead of Rs 20, in several areas of the city.
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As per the data released by the Society of Indian Automobile Manufactures (SIAM), the total domestic two-wheeler sales in India in October 2024 were 21,64,276 units. This accounts for a 14.2% year-on-year (YoY) increase compared to October 2023, when 18,95,799 two-wheelers were sold in India. In October 2024, domestic sales of scooters, motorcycles, and mopeds stood at 7,21,200, 13,90,696, and 52,380, respectively.
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Two wheeler manufacturers in India witnessed a double-digit increase in domestic sales in October due to the festive season. Industry giants like TVS Motor Company, Hero MotoCorp and Royal Enfield recorded an increase in domestic sales, ranging between 13 per cent and 26 per cent. However, Bajaj Auto saw a decline in domestic numbers despite the festive boom.
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2 Min Read Royal Enfield will reveal its first electric motorcycle on November 4 at the 2024 EICMA, signalling the brand’s entry into the electric vehicle space. Although official details are limited, hints from earlier patent sketches suggest the bike could feature a neo-retro design, combining classic elements with modern touches. Royal Enfield’s first electric bike is expected to feature advanced tech, including a full-color TFT display, multiple riding modes, and traction control, similar to the Himalayan 450.
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According to a recent real estate report, the office leasing activity in India’s top cities is likely to reach over 45 million square feet in 2024 and the demand for the mid-to-luxury segment, is expected to sustain in 2024 as the demand shifts towards integrated townships.
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2 Min Read A survey conducted by real estate consultancy Knight Frank India on 1,629 Indian urban homebuyers revealed that more than 36% of Gen Zers (12-28 years of age) are seeking to buy a home, relying heavily on easy availability of home loans, says experts.
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2 Min Read The Maharashtra Real Estate Regulatory Authority (Maha RERA) has ordered Godrej Properties to refund the entire booking amount for a Rs 4.3-crore luxury project in Mumbai's Kurla, after the homebuyer who is also a senior citizen cancelled the booking within 10 days of the booking.
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Apple’s latest AirTag update introduces the “Share Item Location” feature, enabling seamless communication between travelers and airlines for lost baggage recovery. Partnering with 15 major airlines, including Delta and United, the feature lets users securely share live AirTag data, ensuring quicker resolutions for mishandled luggage while addressing privacy concerns through time-limited sharing.
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Thailand has indefinitely extended its visa-free policy for Indian passport holders, allowing stays of up to 60 days without a visa. Initially introduced in November 2023 and set to expire in 2024, the policy boosts tourism and simplifies travel. Indian tourists can extend stays by 30 days via local immigration offices.
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Indian travelers to the U.S. have surged, surpassing 2023 figures and nearing pre-pandemic highs. The U.S. now ranks India as its second-largest overseas visitor market after the UK, with over 1.4 million arrivals expected in 2024. Popular destinations include California, New York, and Texas, despite visa delays hindering faster growth.
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India’s Finance Ministry has directed public sector banks to enhance their cybersecurity frameworks to combat rising digital fraud. Emphasizing customer protection, it also urged increased lending to agriculture and MSMEs. Banks were advised to adopt industry best practices in digital resilience and deepen financial inclusion efforts to support underserved communities.
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2 Min Read SaaS platforms are emerging as pivotal tools in fortifying cybersecurity. Solutions like CyberArk and AppOmni focus on identity security, privilege controls, and continuous threat detection to safeguard sensitive data. By integrating Zero Trust principles and automating lifecycle management, organizations can address risks from increasing SaaS adoption and protect hybrid and cloud environments.
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2 Min Read KPMG India has partnered with SecurityBridge to bolster SAP system security for enterprises. This collaboration integrates SecurityBridge’s advanced SAP-native platform with KPMG’s cyber assurance expertise, offering real-time threat monitoring, compliance management, and vulnerability detection. The alliance aims to deliver a proactive security framework tailored to the needs of Indian and APAC businesses.
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