Karen Clark, co-founder and chief executive officer of the...
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CMA CGM says its ship lost 44 containers in tough weather
“No injury to the crew has been reported, no pollution, no strong...
Flooding In Northern Bangladesh displaces 40,000 people
“Heavy rains in the Indian upstream region mean that the suffering...
Strong 7.2 magnitude earthquake jolts New Zealand, tsunami warning issued
There was no immediate report of damages.
New Zealand government’s seismic monitor Geonet pegged the quake at a magnitude of 7.2 with a depth of 94 km (58 miles).
Extreme weather events put $84 billion of Indian bank debt at risk
The banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed the effects of cyclones and floods on loan repayments in farming and related sectors. Lenders accounted for 87% of the total risk, valued at about $97 billion, across 67 top Indian companies that responded to CDP.
S&P insurers moving cautiously in the aftermath of massive Texas Ice storm Uri
According to the catastrophe modelling agency Karen Clark & Co, Winter Storm Uri will cost the industry about $18 billion. In comparison, Hurricane Harvey caused $30 billion in industry insured losses in the U.S. and about $19 billion in Texas.
Carbon-cutting pledges by countries nowhere near enough:UN
Fewer than half of the world’s countries, accounting for 30 per cent of the world’s carbon emissions, submitted targets by the deadline. Only seven of the top 15 carbon polluting nations had done so.
Climate change a big challenge, disaster resilient infra need
“We should focus on improving disaster-resilient infrastructure that can withstand natural disasters,” he said.
Study shows Covid-19 patients have higher risk of cardiac damage
Prof. Fontana said: “Injury relating to inflammation and scarring of the heart is common in Covid-19 patients with troponin elevation discharged from hospital, but is of limited extent and has little consequence for the heart’s function.
CPSE strategic sale: Govt makes security clearance mandatory for bidders
According to the performa, any interest of more than 10 per cent in the bidding entity would require disclosures of parentage and beneficial ownership to get a security clearance.
In case the acquirer is a sole bidder, then it has to share with the government details, like nationality, address, parentage, unique ID number of the country of residence and passport number, of its directors and partners.
Also a self-declaration regarding the nature and extent of presence/operation of the bidder in China and Pakistan, if any would have to be provided by them.
Plane With 200+ Passengers On Board Suffers engine failure, lands safely
A video shot from inside the aircraft — which had 231 passengers and 10 crew onboard — showed the right engine ablaze and wobbling on the wing of the Boeing 777-200, its cover entirely missing as the aircraft flew over a barren landscape.
There were no injuries on the plane or on the ground, authorities said.
Third topmost globally, India’s cumulative vaccination coverage crosses 94 lakhs
Moving ahead on the COVID-19 trajectory, India’s cumulative recoveries show a progressive increment on a daily basis. It stands at 1.06 crore (1,06,56,845) today. The recovery rate is 97.32 per cent. Rising recoveries along with contained daily deaths have ensured a sustained fall in the active caseload of the virus.
FPIs invest Rs 22,038 cr in Feb so far amid post-Budget cheer
According to depositories data, overseas investors poured in Rs 20,593 crore into equities and Rs 1,445 crore in the debt segment, taking the total net investment to Rs 22,038 crore during February 1-12.
There are other indicators that support FPI flows into the equity markets like continuous decline in the COVID-19 case count, rollout of vaccines, growth in earnings and measures taken by the government to boost the economy, Srivastava said. V K Vijayakumar, chief investment strategist at Geojit Financial Services, noted that there is sectoral rotation happening in the market now.