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Eco/Invest/Demography

India’s national recovery rate among highest in the world: Health ministry

“India’s Covid-19 recovery rate of 97.31 per cent is amongst the highest in the world. The difference between the recovered and active cases has grown to 1,04,74,164 as on date,” the ministry highlighted.

Till date, the cumulative number of healthcare and frontline workers vaccinated against Covid-19 in the country has surpassed 82 lakhs.

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Tesla to set up electric car manufacturing unit in Karnataka

Last month, the electric carmaker incorporated Tesla Motors India and Energy Private Limited with its registered office in the city of Bengaluru in Karnataka, a hub for global technology companies.

State Chief Minister B.S. Yediyurappa had then said in a tweet, which was subsequently deleted, that Tesla would start its operations in India with an R&D unit in Bengaluru.

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Investors vie for windfall from rejected covid insurance claims

Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for choice after a landmark U.K. court ruling last month rejected pleas from insurers looking to dodge pandemic payouts. They’re looking to finance or buy denied Covid-19 insurance claims for policyholders without the means or stomach for taking their insurers to court.

“This is going to be huge,” said Steve Cooklin, chief executive officer of London-based litigation funder Manolete Partners Plc, whose biggest shareholder is veteran distressed investor Jon Moulton.

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EU expert group at odds over how to resolve tech, carmakers’ patent dispute

Tech firm Nokia and automaker Daimler are locked in battle in German courts over the level of royalties for key navigation and communications technologies and who should pay them.

The issues are relevant for the wider digital and electronics sectors and internet-connected devices in energy, health and smart manufacturing, prompting EU regulators to look into the matter.

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