The All India Transporters’ Welfare Association (AITWA) has issued a statement that urges transporters to tread carefully; adopt measures to safeguard the transport and trade business amid uncertain times made worse by Covid-19. Insisting that they securing their employees working in the sector amid over 90 lakh trucks being unutilised for the last two months, AITWA has indicated in its[Read More…]
With the road freight (transport) fraternity receiving no response for its demands to extend the renewal of third-party insurance and toll tax holiday, the likelihood of uninsured trucks on the road is expected to rise. With transporters finding it tough to sustain in the absence of any financial relief coming its way, the challenge of uninsured trucks hitting the road[Read More…]
Announcing in late April that it has partially resumed operations at its Perambra plant in Kerala, Apollo Tyres closed FY 2019-20 with Rs.16096 crores worth of sales. It reported a net profit of Rs.476 crores. Recording Rs.3551 crores worth of net sales for the fourth quarter, and Rs.78 crore worth of net profit for the same period, the India tyre[Read More…]
Edelweiss General Insurance (EGI) has launched a usage-based motor OD floater policy called Edelweiss SWITCH. It is app-based and driver-centric. Under IRDAI’s regulatory sandbox, the policy offers a special feature of switching it on and off as per the usage. Capable of covering multiple vehicles, it calculates insurance based on the age and experience of the driver. Using a pay-as-you-use[Read More…]
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