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In yet another tragic incident involving an electric two-wheeler, a 40-year-old man has died after a blast occurred in an e-scooter belonging to Boom Motors while being charged at home. The incident in Vijaywada, Andhra Pradesh, also left the deceased Kotakonda Siva Kumar's wife and two daughters with severe burn injuries. According to multiple reports, the police registered a complaint under Section 174 of the Criminal Procedure Code (CrPC) against the EV maker and a notice was sent to the Boom Motors dealer that sold the e-scooter to Kumar. Kumar, a DTP designer, had bought the e-scooter for nearly Rs 70,000 on April 22. The battery exploded within a day of purchase early on April 23, according to reports. Boom Motors was yet to respond to the deadly incident. Ironically, the EV maker was among those selected under the government's automotive production linked incentive (PLI) scheme. To date, three <keyword id="7583348" type="General" weightage="80" keywordseo="pure-ev" source="Orion">Pure EV</keyword>, one <keyword id="6354720" type="General" weightage="80" keywordseo="ola" source="Orion">Ola</keyword>, two Okinawa and 20 Jitendra EV scooters have caught fire in the country, raising burning questions about their safety. The unabated deadly fires in the electric two-wheelers has shaken up the entire EV industry and its stakeholders, forcing the government to direct EV makers to immediately recall faulty batches that may trigger more such incidents. Earlier, an 80-year-old man was killed and two others injured when the battery of a Pure EV electric two-wheeler exploded in their house in Telangana's Nizamabad district. Union Road Transport and Highways Minister <keyword id="26680" type="General" weightage="80" keywordseo="nitin-gadkari" source="Orion">Nitin Gadkari</keyword> has warned EV makers that if any company is found negligent in their processes, "a heavy penalty will be imposed and a recall of all defective vehicles will also be ordered". "We have constituted an Expert Committee to inquire into these incidents and make recommendations on remedial steps. Based on the reports, we will issue necessary orders on the defaulting companies," the minister said last week. "We will soon issue quality-centric guidelines for <keyword id="6354973" type="General" weightage="50" keywordseo="electric-vehicles" source="Orion">Electric Vehicles</keyword>," <keyword id="6361025" type="General" weightage="80" keywordseo="gadkari" source="Orion">Gadkari</keyword> added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/ecommerce/news/amazon-brings-metaverse-to-the-e-commerce-segment-with-augmented-rooms/articleshow/90999305.cms">Amazon brings Metaverse to the e-commerce segment with augmented rooms</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/researchers-have-discovered-a-de-ageing-technique-that-made-skin-cells-30-years-younger/articleshow/91004651.cms">Researchers have discovered a de-ageing technique that made skin cells 30 years younger</a>

Electric scooter fire accident claims another man's life, leaves his wife and two daughters with severe burns

In yet another EV fire incident, an <keyword id="6077703" type="General" weightage="80" keywordseo="okinawa-autotech" source="Orion">Okinawa autotech</keyword> dealership burnt down to ashes in Tamil Nadu owing to a reported fire in an e-scooter belonging to the company. Electric two-wheeler manufacturer <keyword id="143042" type="General" weightage="100" keywordseo="okinawa" source="Orion">Okinawa</keyword> had recalled 3,215 units of its 'Praise Pro' scooters on April 16, just before the dealership was engulfed in flames in Tamil Nadu The EV maker was yet to make a statement on the latest EV fire at its dealership. No casualties were reported and the fire was put out with the help of locals but the entire showroom was gutted. This was the sixth EV fire incident since the onset of summer this year. While recalling 'Praise Pro' e-scooters, Okinawa Autotech had said that this voluntary campaign is "in the wake of the recent thermal incident and in line with the company's long-standing commitment to customer safety". According to the company, the recall has been initiated to fix "any issue" related to batteries. "The batteries will be checked for loose connectors or any damage and be repaired free of charge at any of the Okinawa authorised dealerships pan India," the company said. On March 26, a father-daughter duo died due to a blast in the battery of their <keyword id="6080167" type="General" weightage="80" keywordseo="okinawa-scooter" source="Orion">Okinawa scooter</keyword> which was being charged at their home. Late last month, a blue-coloured Ola S1 Pro e-scooter that was parked on the side of the road in Pune caught fire. The scooter burst into flames which soon engulfed the entire vehicle. As more and more electric two-wheelers catch fire in the country, NITI Aayog CEO Amitabh Kant last week asked EV original equipment manufacturers (OEMs) to voluntarily recall batches involved in the EV fire incidents. Several electric two-wheelers belonging to Jitendra Electric Vehicles caught fire in Nashik on April 9. The government has called technical teams of <keyword id="4393078" type="General" weightage="50" keywordseo="ola-electric" source="Orion">Ola Electric</keyword> and Okinawa Scooter for an explanation on recent fires in their EVs. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/electric-scooters-are-catching-fire-in-india-should-users-be-worried/articleshow/90496840.cms">Electric scooters are catching fire in India – should users be worried?</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-surge-over-5-times-in-2021-22/articleshow/90775731.cms">Electric two-wheeler sales surge over 5 times – Hero Electric, Okinawa corner half the market, Ather’s market share declines</a> <a href="https://www.businessinsider.in/business/auto/news/a-container-truck-carrying-40-electric-scooters-reportedly-caught-on-fire/articleshow/90780012.cms">In another setback for electric vehicles, a container truck carrying 40 scooters catches fire</a>

Okinawa dealership burns down after another electric scooter catches fire, company recalls over 3,200 Praise Pro scooters

<div class="KonaFilter image-container display-table"><div><div class="image on-image">TierLawrence Leuschner Tier CEO</div></div></div><ul class="summary-list"><li>Electric scooters have proliferated rapidly over the last three years as investors and entrepreneurs look at seemingly climate-friendly options for getting around cities.</li><li>Silicon Valley firms such as Bird and Lime have raised billions to flood city streets with scooters, but are also facing questions about how long their scooters last, safety, and profitability. </li><li>European scooter startup Tier is positioning itself against these big US firms, and says its business model is more sustainable than competitors. </li><li>Tier recently raised $60 million, taking its total funding to $90 million, well below Bird and Lime who have raised more than $1 billion collectively.</li><li>"We can scale faster than anyone else," CEO and cofounder Lawrence Leuschner told Business Insider in an interview. </li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</li></ul>Walk around the streets of many major cities in Europe and the US, and you'll see sidewalks and roads strewn with scooters of different colors and brands.That's after the emergence of massively funded startups which are vying for the chance to wheel you to your destination - sustainably, they claim. Persuading people onto scooters is potentially big business, with the market for these electric vehicles estimated to be worth <a href="https://www.marketwatch.com/press-release/electric-scooter-market-by-new-business-developments-innovations-business-growth-strategies-segmentation-and-forecasts-2019---2025-2019-09-27">$15 billion by 2025</a>. Lucrative as the market may be, it's also competitive and cash-guzzling.Two of the best-known firms in the space, Lime and Bird, have raised more than $1 billion between them to fuel a rapid global expansion. Lime is expected to post a $300 million loss this year, <a href="https://www.theinformation.com/articles/limes-loss-to-top-300-million-in-2019">per The Information</a>. Bird <a href="https://www.businessinsider.com/huawei-launches-foldable-phone-in-china-2019-10">is also thought to be loss-making</a>, although the firm has never confirmed numbers.Meanwhile Europe is producing its own rivals, including Voi, Tier, and Wind.And they say they have a major advantage over their spendthrift peers in the US.Lawrence Leuschner, the cofounder and CEO of Berlin-based scooter startup Tier, thinks he can beat out the competition because the firm is more efficient."The lifetime of our vehicles is higher by multiples than our competitors' and is a driver of efficiency," Leuschner claimed in an interview with Business Insider. "We are profitable in most cities, have strong operations experience, so we can scale faster than anyone else." <div class="KonaFilter image-container display-table"><div><div class="image on-image">TierTier scooters</div></div></div>Tier's current stronghold is in Germany but its expansion across Western Europe - with the exception of its largest city, London - continues with more than 40 cities on its roster since its launch in October 2018.Much like other scooter companies, Tier works by unlocking an individual scooter through a phone app. How much you pay per ride depends on the city. In Berlin for example you can unlock a scooter for €1 ($1.1) and pay €0.15 (17 cents) per minute of use. The startup raised a $60 million Series B recently, taking its total funding to $91 million. That's onsiderably smaller than the massive sums raised by Bird ($548 million) and Lime ($765 million), per Crunchbase. Both Bird and Lime are unicorns. Tier declined to comment on valuation but reports in the <a href="https://www.deutsche-startups.de/2019/10/11/tier-mobility-300-millionen/">German press</a> put the company's valuation at $275 million. Leuschner says Tier is more capital efficient than its rivals and a smarter bet for investors in the long run.His argument is that investors are looking for long-term, sustainable growth versus the growth-at-all-costs mentality pioneered by Uber, Silicon Valley's original buzzy mobility startup.Tier is a private company, and doesn't share its financials.But Leuschner's remarks are part of an emerging narrative that investors need to look beyond endless growth as the key metric for tech startups. The tepid (or cancelled) floats for Uber, Lyft, and office-sharing firm WeWork have signalled that pure growth fuelled by huge amounts of money is a risky strategy. Union Square Ventures investor Fred Wilson wrote on his widely read <a href="https://avc.com/2019/09/the-great-public-market-reckoning/">blog</a> that the hype and valuations around private companies largely hasn't translated into public markets. Europe's startups have never had the same access to capital as their Silicon Valley rivals, something that has always been <a href="https://www.businessinsider.com/why-europe-has-never-produced-a-google-2019-5?r=US&amp;IR=T">perceived by entrepreneurs and investors as a disadvantage</a>. As fears of a bubble grow, the likes of Tier's Leuschner are turning their frugality to their advantage.Estonia's Bolt (formerly Taxify) is another mobility startup which competes both with Tier and Uber. The firm offers ride-hailing as well as scooters. CEO Markus Villig has previously said the firm is frequently profitable, <a href="https://www.businessinsider.com/uber-rival-taxify-relaunches-in-london-as-bolt-says-it-is-sometimes-profitable-2019-6?r=US&amp;IR=T">unlike its cash-burning American competitors</a>.<h2>Tier is using replaceable batteries for its scooters, which the firm says is more climate-friendly</h2>Tier recently announced it would be the first e-scooter startup to use<a href="https://www.businesswire.com/news/home/20191007005376/en/TIER-Mobility-raises-US60-million-Series-led"> replaceable batteries for its products.</a> Sustainability is key, according to Leuschner, with Tier's ambitions centering on making its transport offering better to prevent climate change. It's familiar territory for the German entrepreneur. Leuschner says he spent his early years taking excess parts from his stepfather's factory to be sold at a local flea market in Germany from the age of nine onwards. He subsequently founded WeBuy, a company that specialized in refurbishing electrical goods.He says that replaceable batteries, alongside a claimed lifetime of between 18 and 24 months for each scooter, is fundamental to Tier having lower operating costs than its competition. <div class="KonaFilter image-container display-table"><div><div class="image on-image">TierTier's replaceable batteries</div></div></div>If what Leuschner says is true, Tier does have the upper hand. Bird's latest scooter model, its most durable yet, <a href="https://www.theverge.com/2019/5/8/18535698/bird-one-electric-scooter-ride-share-own-price">is intended to last for about a year</a>. Lime's newer scooters are set to last for more than a year of continuous operation, are mostly recycled and are charged from renewable sources, generally. A spokesman for Bird in the UK disputed the benefits of replaceable batteries and suggested that the environmental impact of the move was not so different to the current process. All scooter companies employ people to go around picking up their scooters, recharge them, and then put them back on the streets. Tier says its shift to replaceable batteries means workers only need to pick up the battery for recharge, while other firms have their whole scooters picked up.Lime did not respond to a request for comment.Leuschner says his desire to act on climate change and create a more sustainable company come from his worldwide travels, including seeing forest fires in Chile and mudslides in Peru.How does this square with the fact that Tier has taken capital from oil-rich UAE's sovereign wealth fund, Mubadala?"We wanted to go the next phase," explains Leuschner. "To do that we needed investors who shared our vision of expansion and long term ambitions, both firms are used to executing fast growth plans." Other Tier backers include lead investor and growth fund Goodwater Capital as well as White Star Capital, Northzone, Evil Growth Partners, Indico Capital Partners, AXA, Speedinvest, Point9, and Market One Capital. Formula One racing driver Nico Rosberg has also invested in the company. The company also announced that it would refurbish old scooters and sell them to private customers so that people outside of major cities can use their hardware through its new myTier service. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/autopilot-how-airplane-automatic-flight-control-system-pilots-2019-10">How autopilot on an airplane works</a></h3> <div> </div> </div>

European scooter startup Tier says its big advantage over Silicon Valley rivals is a more efficient use of capital and careful scaling

<ul class="summary-list"><li>NGP Capital's managing partner Paul Asel says that the smart mobility industry has taken an especially harsh hit from the coronavirus, causing startup revenues to drop anywhere between 50% to 100%.</li><li>As venture capitalists begin to <a href="https://www.businessinsider.com/venture-capital-new-normal-money-wait-coronavirus-2020-3">pull back</a> on new funding rounds, NGP Capital has already begun increasing its reserves in preparation for funding its portfolio companies that may <a href="https://www.businessinsider.com/financial-crisis-vc-investors-perform-portfolio-triage-2020-3">struggle to survive</a> in a world where they are generating zero revenue. </li><li>Asel, an investor in the scooter startup Lime and the car-rental platform Getaround, says that he is advising all his portfolio companies to include a 'zero-budget' scenario in their plans to survive through the next 24 months in a worst-case impact from the pandemic. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>Although the coronavirus has wreaked havoc on the <a href="https://www.businessinsider.com/initial-unemployment-claims-by-state-coronavirus-2020-4">entire economy</a>, the "smart mobility" sector has also been hit with something of an existential crisis - as the country retreats indoors, scooter startups and car-rental platforms may simply have no business for the next few months, or more.Paul Asel, a partner at venture capital firm NGP Capital, has a front-row view of these effects. Not only is smart mobility one of the three investment themes of the firm's portfolio, but Asel himself is an investor in electric scooter startup Lime, and car-rental platform Getaround."We just completed a four-week review of our portfolio, and 80% of every company is being impacted by this," Ansel told Business Insider in an interview. "We've seen revenues dropped by 50 to 100 percent in the smart mobility space."Asel is telling his portfolio companies to make sure they have the money in reserve to be able to operate for the next two years, either by fundraising or by finding ways to stretch their funds to extend the runway before their cash runs out.That's a tough situation for startups that have no idea how long the coronavirus will continue to circulate around the country and place their businesses in limbo. Lime, which has shut down its scooter-rental operations in all but one market, has already called for an emergency funding round, according to a <a href="https://www.theinformation.com/articles/limes-valuation-may-fall-80-in-emergency-fundraising">report from the Information</a>. Meanwhile, Getaround has been looking around for buyers, <a href="https://www.bloomberg.com/news/articles/2020-03-20/softbank-backed-getaround-looks-for-buyer-as-demand-evaporates">Bloomberg reported</a>.As venture capitalists have <a href="https://www.businessinsider.com/venture-capital-new-normal-money-wait-coronavirus-2020-3">tightened their purse-strings</a>, it has become all the more important for startups to secure enough cash to remain solvent for the foreseeable future. In fact, NGP Capital has already begun increasing its near-term reserves to fund its current portfolio companies in the event that any had less than nine-months of existing runway and was burning through its reserves. "For companies that have overextended themselves with burn, it's just really hard to back [up], and get to reasonable levels," he said. "We are increasing our near-term reserves, thinking that internal funding is going to tend to prevail over external funding.''<h2>Planning for a 'zero-budget' future</h2>To survive in an environment that is rife with uncertainty, Asel is suggesting that startups do a series of scenario analyses to ensure they can operate more flexibly. And he's insisting that startup CEOs include a plan for a "zero-budget" situation in those analyses - that means no new funding and no new revenue to keep them afloat. "Assume that this [virus] is not a three-month thing, but assume that this is going to go through the entire year and, and so do a series of scenario analyses," Ansel said. "One of those scenarios needs to be a zero based budget... How do you get to a 24 months runway and how do you operate under that environment?" It is a way of forcing startups to think through the worst-case scenario, Asel said. A self-described "paranoid optimist," Asel is a strong believer in planning for the worst, even as he hopes that the best-case scenario will play out. Some startups are well-positioned to be lean and mean for the next few months, according to Asel. If they can, they might not just survive, but also thrive in a post-COVID world with less competition and a less capital-intensive market. "If they've got a moderate amount of burn and, and nine months or more runway, they're able to course correct, reduce costs and extend to 18 to 24 months," he said. "We believe, if they played through the current downturn, they would be better positioned in the long term."

'Zero budget': A VC who bet on smart mobility startups like Lime and Getaround says the lockdown is destroying revenue and he's telling startups to prepare for the worst.

<div class="KonaFilter image-container display-table"><div><div class="image on-image">BoltMarkus Villig, CEO of Bolt</div></div></div><ul class="summary-list"><li>Taxify, a major European Uber rival backed by Daimler and China's Didi Chuxing, has relaunched in London after being kicked out of the city two years ago over licensing issues.</li><li>The $1 billion company has rebranded to Bolt and will offer on-demand rides to passengers in London, initially at cheaper prices than Uber.</li><li>The London relaunch comes after the tepid floats for rivals Uber and Lyft. Bolt's CEO and founder Markus Villig said his firm has had profitable quarters, in part because it has focused on not burning money.</li><li>Villig said investors were interested in ride-hailing companies that demonstrated sustainable growth rather than growth at any cost.</li><li>Visit Business Insider's homepage for more stories.</li></ul>Remember Taxify?This was the Estonian ride-hailing startup that built up market share by focusing markets where Uber didn't have much of a presence, namely eastern Europe and Africa.It then <a href="https://www.businessinsider.com/taxify-just-launched-in-london-and-is-cheaper-than-uber-2017-9?r=US&amp;IR=T">expanded to London in a blaze of glory</a> in 2017, vowing to break Uber's monopoly. The startup immediately fell afoul of the UK capital's strict licensing laws and had to <a href="https://www.businessinsider.com/taxify-stops-operations-london-tfl-investigation-license-2017-9?r=US&amp;IR=T">pull its service just four days after launching</a>.Almost two years after this unceremonious exit, Taxify has cleaned up its act, won back its London operator's licence, and relaunched in London as Bolt.The deal for Londoners will be similar to Uber: open up the Bolt app, add your card details, and then summon a cab to take you from A to B. The company is promising that it's rides will be up to 15% cheaper than the competition (read: Uber), and that it will initially charge 7.5% commission on fares. Bolt also offers scooter rides elsewhere in Europe, but since electric scooters remain illegal in the UK that won't be on offer in London.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Shona Ghosh/Business InsiderThe Bolt app works similarly to Uber.</div></div></div>A spokesman for London's transport regulator Transport for London confirmed to Business Insider that Bolt had been granted a 15-month licence. The spokesman said: "Bolt has been granted a London private hire operator's licence after meeting all the necessary requirements."Bolt's 25-year-old CEO and founder Markus Villig said the company had learnt "many" lessons from falling foul of the regulator two years ago."The part that we were hoping for and were frustrated by - Uber has this huge monopoly in London, it being one of the most profitable and biggest markets in the world," he told Business Insider."On the one hand that was really harming consumers and drivers but on the other hand it means it's also massive opportunity for us to enter. It's been a nervous time for the last one or two years... it's been a bit more stressful than other launches. But we learned, we've grown quite a bit as a company."Villig said it had become considerably harder to win an operator's licence in London, and that Bolt had to demonstrate it could run a 24/7 emergency call service for passengers and that it had properly vetted its thousands of drivers in order to appease Transport for London.<h2>Bolt says it has 'profitable quarters' as loss-making rivals Uber and Lyft held tepid IPOs</h2>Bolt's London relaunch comes amid a wider reckoning for the neo-transportation sector.Uber and Lyft remain vastly unprofitable and <a href="https://www.businessinsider.com/three-reasons-why-uber-had-such-a-terrible-ipo-2019-5?r=US&amp;IR=T">held tepid IPOs earlier in 2019</a>. Scooter startups also remain unprofitable. Why is Bolt going to be different?For one thing, Villig says, the company has occasionally been profitable despite being absent from the US market and, for the last two years, London. That's because the company has pursued a fundamentally different strategy, he said."The worry about these companies is whether they can be profitable," Villig said, referring to Uber and Lyft. "We're one of the few, maybe the only one, that has demonstrated a few profitable quarters in the last years."Coming from Estonia, it was always about being as frugal as possible and focusing more on low costs and automation. When we look at how much money we're burning relative to gross bookings or amount of rides, we're burning substantially less than Lyft or Uber."Bolt is still a private company and its finances are not publicly available for us to verify this. The firm says it has 25 million customers across 30 countries. For context, local peer MyTaxi says it has <a href="https://mytaxi.com/fileadmin/Content/Press/Spain/mytaxi-spain-statistic.pdf">10 million riders</a>, while Uber says it has 91 million monthly active users across all its services.Villig said that unlike its rivals, Bolt hasn't tried to grow rapidly and maintain a monopoly in every market. Rather it has focused on the markets where rivals had little to no presence and then grow sustainably from there. Having China's dominant ride-hailing firm, Didi Chuxing, as investor and advisor doubtless helped.Villig added: "The IPOs benefited us because investors are looking at the bottom line, and not just 'How fast can we grow?' but also 'Is it a sustainable model?'"<a href="https://www.businessinsider.com/intelligence/40-big-tech-predictions-for-2019?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_leadgen&amp;itm_content=uber&amp;itm_campaign=40-big-tech-predictions-for-2019"></a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/apple-worldwide-developer-conference-2019-event-watch-2019-6">Watch Apple's 2019 WWDC event in 11 minutes</a></h3> <div> </div> </div>

Uber's biggest rival in Europe says it has profitable quarters because it doesn't set cash on fire

<ul><li><keyword id="6370736" type="General" weightage="100" keywordseo="exim-bank" source="Orion">Exim Bank</keyword> is hiring 30 officers on contract for various departments.</li><li>The online application window will close on April 28.</li><li>Candidates would be hired for a period of 3 years initially.</li></ul>Exim Bank, which is an export-import bank in India, is inviting applications for the recruitment of officers on contract (OC) for various departments. The online portal to fill out the application form is open and the last date to apply for the opportunity is April 28. The contract of engagement would initially be for a period of 3 years and will be extendable by 2 years. These are the vacancies at the Exim Bank — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Post </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OC — Compliance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OC — Legal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OC — Rajbhasha </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OC — Research and Analysis </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OC — Loan Monitoring </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OC — Internal Audit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OC — Risk Management </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OC — Special Situation Group </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Eligibility criteria for all the roles — <ol><li>For Compliance — At least 5 years of post-qualification experience in the BFSI sector with MBA/PGDBA specialisation in finance from a recognised university/ institution or Chartered Accountants (CA) from The Institute of Chartered Accountants of India (ICAI).</li><li>For Legal — At least 7 years of post-qualification experience working in public sector banks, All India Financial Institutions or private/foreign banks with a bachelor’s degree in Law recognised by the Bar Council of India for the purpose of enrolment as an Advocate with a minimum of 60% marks.</li><li>For Rajbhasha — At least 5 years of post-qualification experience working in public sector banks or All India Financial Institutions with a master's degree from a recognised university in Hindi/English.</li><li>For Research and Analysis — At least 5 years of post-qualification experience with research publications /rating agencies, public sector banks, All India Financial Institutions, private sector banks, research outfits of industry associations with post-graduation degree in economics with a specialisation in international trade/development economics /financial economics. </li><li>For Loan Monitoring — Minimum years of post-qualification experience with public sector banks/All India Financial Institutions/central government/state government/PSU with MBA/PGDBA with specialization in finance or CA from The Institute of Chartered Accountants of India (ICAI).</li><li>For Internal Audit — Work experience of 5 years in banking or bank audits with MBA/PGDBA with specialization in finance or CA.</li><li>For Risk Management — Candidate with minimum 5 years experience in risk management/treasury in commercial banks/FI/NBFC with MBA/PGDBA with specialisation in finance /CA from ICAI.</li><li>For Special Situation Group — Minimum 15 years of post-qualification experience in public sector banks/All India Financial Institutions/central government/state government/PSU with a graduation degree (50% aggregate marks).</li></ol>The selection process will consist of screening of applications by the bank’s internal committee followed by a personal interview of shortlisted candidates. Application fees and intimation charges (non-refundable) of ₹600 for general and other backward class (OBC) candidates, ₹100 (Intimation charges) for SC/ST/PWD/EWS and female candidates. Candidates can seek more information <a href="https://www.eximbankindia.in/Assets/pdf/careers/English_Advertisement_Website_08042022.pdf">here</a> and apply online <a href="https://www.eximbankindia.in/careers">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/chinas-shenzhou-13-crew-returns-to-earth-after-a-record-setting-mission-in-space/articleshow/90904202.cms">China’s Shenzhou-13 crew returns to earth after a record-setting mission in space</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/okinawa-dealership-burns-down-after-another-electric-scooter-catches-fire-company-recalls-over-3200-praise-pro-scooters/articleshow/90904129.cms">Okinawa dealership burns down after another electric scooter catches fire, company recalls over 3,200 Praise Pro scooters</a>

Exim Bank recruitment 2022: Checkout vacancies, eligibility criteria and other details

The rapid growth of the anthropogenic space object population, including satellite mega-constellations' that are placed in low <keyword id="6359982" type="General" weightage="100" keywordseo="earth" source="Orion">Earth</keyword> orbit to deliver broadband internet and other services, are increasingly threatening the orbital space, according to a team of international researchers. The shell bound by the <keyword id="13700577" type="General" weightage="20" keywordseo="Karman-Line" source="Orion">Karman Line</keyword> at a height of about 80-100 km above the Earth's surface and geosynchronous orbit at about 36,000 km is defined as the orbital space surrounding the Earth. Researchers including from universities of Edinburg (UK), Washington (US), British Columbia (Canada), and astronomers from the <keyword id="59844" type="General" weightage="50" keywordseo="european-space-agency" source="Orion">European Space Agency</keyword> (ESA) have called for immediate action to protect the orbital space around Earth by rules and regulations similar to those that safeguard the planet's oceans and the atmosphere. Writing in Nature Astronomy, the team argued that the rise in the number of satellites is polluting the night sky for astronomers and stargazers. It is also increasing the risk of objects colliding in space and potentially even striking aircraft when they fall back to Earth. "We rely on the orbital space environment by looking through it, as well as by working within it. Hence, we should consider damage to professional astronomy, public stargazing, and the cultural importance of the sky, as well as the sustainability of commercial, civic, and military activity in space," the researchers wrote. "We urge decision makers and policymakers to consider the environmental impacts of all aspects of satellite constellations, including launch, operation and de-orbit, and to work with all stakeholders to co-create a shared, ethical, sustainable approach to space," they added. In late 2018, about 2,000 active satellites circled Earth. The team warned that the number could exceed 100,000 by 2030. While companies such as <keyword id="6360701" type="General" weightage="20" keywordseo="SpaceX" source="Orion">SpaceX</keyword> and <keyword id="2686914" type="General" weightage="20" keywordseo="OneWeb" source="Orion">OneWeb</keyword> are leading the way in placing satellite mega-constellations, others are interested, including Rwanda, which recently filed an application to launch 327,000 satellites in a single project, the Guardian reported. "We really need to get our act together. This is about recognising that the problems we see in orbit are the same as those we see when we worry about the land, the oceans and the atmosphere. We need to knock heads together and say how can we solve this problem," Andy Lawrence, Professor of astronomy at the University of Edinburgh, was quoted as saying. The scientists argue that while there is robust regulation to ensure satellites are launched safely and transmit signals only within certain frequency bands, there is almost nothing to govern the impact of satellites on the night sky, astronomy, Earth's atmosphere or the orbital environment. The visible presence of so many satellites also undermines the ability to enjoy the night sky. Further, they noted that light reflecting off satellites can ruin astronomical observations by leaving streaks across images, while their broadcasts can drown out the faint, natural radio signals that astronomers study to understand some of the most exotic objects in the cosmos, the report said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/news/lg-chem-has-developed-a-flame-retardant-plastic-that-can-delay-fires-in-electric-vehicles/articleshow/91069701.cms">LG Chem has developed a flame-retardant plastic that can delay fires in electric vehicles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/electric-scooter-fire-accident-claims-another-mans-life-leaves-his-wife-and-two-daughters-with-severe-burns/articleshow/91063992.cms">Electric scooter fire accident claims another man's life, leaves his wife and two daughters with severe burns</a>

Rise in the number of satellites are threatening orbital space around Earth, say scientists

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="http://www.apimages.com/metadata/Index/APTOPIX-France-Protests/3df47f9cfb8a445baa529d81c78f7132/84/0">AP/Michel Euler</a>A protestor throws a scooter onto a pile of burning motorbikes during a yellow vest demonstration in Paris.</div></div></div>Here is what you need to know. <ol><li><a href="https://www.bloomberg.com/news/articles/2019-04-22/u-s-said-to-eliminate-iran-oil-waivers-after-may-2-expiration">Oil spikes on report the US will end Iran oil waivers</a>. West Texas Intermediate crude oil climbed 2.4% to $65.50 a barrel Monday morning after Bloomberg reported the US will end waivers that allow some countries, including China and India, to buy Iranian oil without facing sanctions. </li><li><a href="https://www.businessinsider.com/italy-perma-recession-systemic-crisis-threatens-eurozone-2019-4">Italy is trapped in a 'perma recession.'</a> Italy has a 2 trillion euro debt load that threatens the eurozone itself, analysts told Business Insider. </li><li><a href="https://www.reuters.com/article/us-nissan-ghosn-bail/ex-nissan-chairman-ghosn-applies-for-bail-over-latest-indictment-idUSKCN1RY0CA">Carlos Ghosn faces new charges</a>. The former Nissan Motors chairman on Monday applied for bail after being indicted with aggravated breach of trust, Reuters says. </li><li><a href="https://www.businessinsider.com/tesla-board-of-directors-changes-buss-rice-jurvetson-gracias-are-leaving-2019-4">Tesla shakes up its board</a>. Four board members (Brad Buss, Linda Rice, Steve Jurvetson, and Antonio Gracias) will leave their posts once their terms have ended, the electric-car maker announced on Friday. </li><li><a href="https://www.businessinsider.com/goldman-sachs-top-us-etf-trader-has-left-for-rival-jpmorgan-2019-4">Goldman Sachs' top US ETF trader jumps ship for JPMorgan</a>. Edward Rossetti, the head of ETF Trading in the US at Goldman Sachs is heading to JPMorgan, people familiar with the matter told Business Insider.</li><li><a href="https://markets.businessinsider.com/currencies/news/warren-buffett-12-predictions-bitcoin-table-tennis-death-2019-4-1028123943#1-cryptocurrencies1">Warren Buffett isn't always right</a>. Markets Insider looked at 12 predictions that Warren Buffett made over the years about things like cryptocurrency, table tennis, and even his own death, and assessed the accuracy of each.</li><li><a href="https://www.businessinsider.com/money-management-advice-top-ranked-advisor-rebecca-rothstein-details-big-strategy-shift-2019-4">A top-ranked wealth manager explains a huge strategic shift she made after 20 years of success</a>. Rebecca Rothstein, who manages $3.8 billion for the ultra-wealthy, explains why she decided to invest in stocks almost exclusively through exchange-traded funds. </li><li><a href="https://markets.businessinsider.com/indices">Most of Europe is closed for Easter Monday</a>. China's Shanghai Composite (-1.7%) led the losses in Asia while the S&amp;P 500 was set to open little changed near 2,907.</li><li><a href="https://markets.businessinsider.com/earnings-calendar#date=04/22/2019&amp;name=&amp;countries=&amp;eventtypes=99&amp;tab=ALL">Earnings reporting picks up</a>. Halliburton and Kimberly-Clark will report ahead of the opening bell while Whirlpool releases its quarterly results after markets close. </li><li><a href="https://markets.businessinsider.com/economic-calendar#date=04/22/2019&amp;name=&amp;countries=us&amp;eventtypes=&amp;tab=1,2,3">US economic data is light</a>. Existing home sales will cross the wires at 8:30 a.m. ET. The US 10-year yield was up 1 basis point at 2.57%. </li></ol> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/fall-into-black-hole-2016-11">Astronomers just captured the first image of a black hole. Here are the horrifying things that would happen if you fell into one.</a></h3> <div> </div> </div>

You Searched For "electric scooter burning" and got 8 results

Electric scooter fire accident claims another man's life, leaves his wife and two daughters with severe burns

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Exim Bank recruitment 2022: Checkout vacancies, eligibility criteria and other details

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Rise in the number of satellites are threatening orbital space around Earth, say scientists

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