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ICICI Gen’s Q1 net drops 61 % to Rs 152 crore on higher Covid-19 claims

by AIP Online Bureau | Jul 22, 2021 | Indian News, Non-Life

  Mumbai, July 22: With Rs 602 crore of Covid -19 claim outgo, the net profit of ICICI Lombard General Insurance has plunged by 61 per cent  year on year to Rs 152 crore  in Q1 FY2022 as compared to Rs 398 crore in Q1 FY2021. The largest private sector...

India cabinet eases foreign investment rules to aid BPCL sale – sources

by AIP Online Bureau | Jul 22, 2021 | Eco/Invest/Demography, Indian News, Policy

NEW DELHI: India's federal cabinet approved plans on Thursday to allow 100% foreign direct investment in state-run oil companies in which a strategic stake sale is announced, a move to help privatisation of Bharat Petroleum Corp two government sources said....

Shell to appeal landmark climate case in the Netherlands

by AIP Online Bureau | Jul 22, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life

  Royal Dutch Shell Plc said it will appeal a ruling by a Dutch court which ordered it to cut its carbon emissions by 45% over the next decade. Shell has said it will speed up its energy transition plans in response to the order, but is looking to overturn it so...

India reports 3,998 COVID deaths after state corrects its data

by AIP Online Bureau | Jul 21, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi; India reported its highest death toll in a month on Wednesday – at nearly 4,000 – after its richest state reconciled its death count with 3,509 previously unreported fatalities, the health ministry said. Maharashtra, home to the financial...

US life expectancy in 2020 drops by 1.5 years due to Covid-19 pandemic

by AIP Online Bureau | Jul 21, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic

  Life expectancy in the United States dropped the most in more than seven decades last year as Covid-19 sent hundreds of thousands of Americans to early deaths. The pandemic's disproportionate toll on communities of color also widened existing gaps in life...
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