In the last three years, while individual savings and investments...
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Hybrid MFs see net inflow of Rs 1.45 lakh crore
Hybrid funds are mutual fund schemes that typically invest in a...
WHO launches Patient Safety Rights Charter at Global Summit
“Everyone, everywhere, has the right to safety as a patient. The...
Centre to provide 300 ICU beds to Delhi hospitals to tackle rising Covid-19 cases: Amit Shah
While India’s daily increase in cases has been under the 50,000 mark for eight straight days, around half its record peak, the city state of Delhi has recorded over 7,000 cases a day over the last five days – a record level.
“Delhi has witnessed a huge surge in daily active cases which is likely to worsen over next few weeks,” Harsh Vardhan said in a tweet on Sunday.
First batch of Sputnik V vaccine to reach Kanpur medical college for Phase 2, 3 trials
“As many as 180 volunteers have registered for the trials. Head of the research Saurabh Agarwal will determine the dosage of the vaccine to be administered. One dose will be administered and the condition of volunteers will be monitored to determine whether they need further doses or not,” R B Kamal,principal of Kanpur’s Ganesh Shankar Vidyarthi Medical College said
FPIs put in Rs 35,109 cr in Nov so far, global trends to be a major market driver in week ahead
he BSE and NSE will remain closed on Monday on the occasion of ”Diwali Balipratipada”.
“This week is a holiday-shortened one and we believe global cues will be in focus as there are no major domestic triggers and corporate earnings season is almost over,” said Ajit Mishra, VP – Research, Religare Broking Ltd.
Trend in coronavirus, with rising cases of infections in the US and Europe will also be influencing market sentiment, he added.
Global COVID-19 cases top 54 million
According to the JHU, more than 34.7 million people have recovered from the disease, while the COVID-19 global death toll is nearing 1,313,000.
The World Health Organisation declared the COVID-19 outbreak a pandemic on March 11.
In first for Fed, U.S. central bank says climate poses stability risks
“Acute hazards, such as storms, floods, or wildfires, may cause investors to update their perceptions of the value of real or financial assets suddenly,” Fed Governor Lael Brainard said in comments attached to the report, released Monday.
“Chronic hazards, such as slow increases in mean temperatures or sea levels, or a gradual change in investor sentiment about those risks, introduce the possibility of abrupt tipping points or significant swings in sentiment,” Brainard said.
G20 agrees debt framework to help poor countries hit by COVID
The COVID-19 pandemic is straining the finances of some developing countries and the G20 ministers said on Friday that they recognised that more would need to be done to help them than a current temporary debt freeze, which will be extended until June 30, 2021.
Bank of England warns insurers risk unexpected COVID losses
“Our work has highlighted that a number of firms have not been able to accurately identify and track COVID exposed policies, leading to unexpected COVID losses,” the BoE said in a letter to insurers.
“Firms should ensure that this uncertainty is reflected in the reserve estimates and that, where possible, appropriate procedures are put in place to identify and track exposed policies.”
Should Millennials and Gen Z Get the Vaccine First?
But what if vaccinating the elderly first isn’t the best way to minimize fatalities? A recently published (but not yet peer-reviewed) model from three academics at Khalifa University suggests priority should be accorded to groups with the highest number of daily in-person interactions, since that amplifies the vaccine’s effectiveness by reducing infections (and mortality) both among the vaccinated group and those they come into contact with.
According to their model, proper prioritization can reduce total fatalities by up to 70%.
Vietnam braces for Typhoon Vamco, 53 dead in Philippines
Vietnam is prone to destructive storms and flooding due to its long coastline. Vamco will be the 13th storm that affects the Southeast Asian country this year, where more than 160 people have been killed in natural disasters triggered by a series of storms since early October.
“There has been no respite for more than eight million people living in central Vietnam,” said Nguyen Thi Xuan Thu, Vietnam Red Cross Society President. “Each time they start rebuilding their lives and livelihoods, they are pummelled by yet another storm.”
Goldman hires Barclays banker to ride insurance deal boom
Goldman Sachs is currently advising British insurer RSA on a 7.2 billion pound takeover approach from a consortium of Canadian insurer Intact Financial and Danish insurer Tryg.