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SII making first batch of Covovax: Poonawalla

by AIP Online Bureau | Jun 26, 2021 | Eco/Invest/Demography, Facts, Health, Life

Pune: The first batch of Covovax, a Covid-19 vaccine developed by Novavax Inc, is being manufactured at the Serum Institute of India's Pune facility, SII CEO Adar Poonawalla said on Friday. “Excited to witness the first batch of Covovax (developed by...

LIC, SBI Life, Canara Bank pick up stakes in Indian Bank

by AIP Online Bureau | Jun 26, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

NEW DELHI: Life Insurance Corporation (LIC), SBI Life and Canara Bank were among the top investors picking up stakes in Indian Bank under a QIP, according to a regulatory filing. The country's largest and the only state-owned life insurer, LIC, picked up 17.80 per...

Policybazaar.com opens 15 retail stores for broking business

by AIP Online Bureau | Jun 26, 2021 | Indian News, Non-Life

New Delhi: Leading web aggregator Policybazaar on Friday said it has embarked its insurance broking journey with 15 outlets and aims to expand it to 100 locations. Recently, insurance regulator IRDAI approved insurance broking licence proposal of the company and will...

Fake vaccine scam unearthed in Mumbai and Kolkata, police probe on

by AIP Online Bureau | Jun 26, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Risk Management

  Mumbai/Kolkata Indian police said Friday that around 2,000 people were injected with fake Covid-19 vaccines in Mumbai, and another 500 — some of them disabled — may have suffered the same fate in a second major city. Vaccination rates rose sharply...

Intel CEO says chip shortage to hit bottom in second half of 2021

by AIP Online Bureau | Jun 26, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

  Intel Corp. Chief Executive Officer Pat Gelsinger predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year before starting to improve. “I don’t...
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