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Red Sea insurance nearly doubles after attacked oil tanker appears to leak oil
Insurance industry sources said on Wednesday additional war risk...
Deepfake technology to be serious menace, govt should look into it: Delhi HC
“You ( Central government) will have to start working on this. You...
Citigroup’s retreat highlights global banks’ struggle in China, India
“The ability to scale rapidly is a very important factor, and that’s one of the reasons why local banks move so fast, and are in a better competitive position in retail and consumer banking,” said Joydeep Sengupta, senior partner at McKinsey in Singapore. “For foreign banks, it’s likely to get harder to scale profitability.”
Investors line for new banking licenses
Applicants under guidelines for ‘on tap’ Licensing of Universal Banks are:UAE Exchange and Financial Services Limited,The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank),Chaitanya India Fin Credit Private Limited,Pankaj Vaish and others
PM Modi reviews status of oxygen availability to ensure adequate supply
The Prime Minister was conveyed that states and transporters have been asked to ensure tankers move round the clock with drivers working in shifts to ensure faster turnaround and adequate capacity to meet the surge in demand. Cylinder filling plants will also be permitted 24 hour working with necessary safeguards. The government is allowing industrial cylinders to be used for medical oxygen after due purging. Similarly, nitrogen and argon tankers will be automatically allowed to be converted to oxygen tankers to overcome the potential shortage of tankers, as per the statement.
US, India to launch hydrogen task force under Strategic Energy Partnership
US Deputy Secretary of Energy, David M Turk.said that only through joint efforts and concrete, measurable actions, on hydrogen and other emerging technologies, “we will be able to achieve deep decarbonization and meet critical climate and clean energy goals”.
EU throws weight behind Pfizer-BioNTech and new technology
“We need to focus on technologies that have proven their worth,” said EU Commission President Ursula von der Leyen.
Has China’s $16 trillion economy fully recovered?
A report by British think tank, the Centre for Economics and Business Research, forecast China will overtake the United States to become the world’s biggest economy by 2028 – five years earlier than previously estimated.
Latest Covid-19 wave deadlier in Brazil than India: No one knows why
It’s too early to say if India can continue to avoid the more lethal fate of Brazil. While some parts of the country have imposed targeted lockdowns, elections are being held in five states — seeing thousands of voters pack campaign rallies — along with a month long Hindu pilgrimage that brings throngs to the banks of Ganges river.
COVID-19 predominantly transmitted through air: Lancet study cites ‘strong evidence’
“The evidence supporting airborne transmission is overwhelming, and evidence supporting large droplet transmission is almost non-existent,” Jose-Luis Jimenez, a chemist at the Cooperative Institute for Research in Environmental Sciences (CIRES) and the University of Colorado Boulder said.
“It is urgent that the World Health Organization and other public health agencies adapt their description of transmission to the scientific evidence so that the focus of mitigation is put on reducing airborne transmission.”
Govt notifies draft rules for hiking FDI to 74 % in insurance sector
According to the draft rules, in an Indian insurance company having foreign investment exceeding 49 per cent not less than fifty per cent. of the net profit for the financial year have to be retained in general reserve, if the insurer’s solvency margin is less than 1.2 times the control level of solvency for a financial year for which dividend is paid on equity shares.
Not less than fifty per cent. of directors of such insurers will be independent directors, unless the chairperson of its board is an independent director, in which case at least one-third of its board shall comprise of independent directors.
3rd vax dose likely needed within 12 months: Pfizer CEO
“A likely scenario is that there will be likely a need for a third dose, somewhere between six and 12 months and then from there, there will be an annual re-vaccination, but all of that needs to be confirmed. And again, the variants will play a key role,” Pfizer Chief Executive Officer Albert Bourla said.