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Slumping EV prices force carmakers to repay leasing firms
Leasing companies are demanding concessions from EV makers,...
Number of stocks with over $1 bn M-cap nearly doubled to 500 since 2019
"The Indian equity markets are the only ones across the major...
India air safety watchdog to check airports hit by heavy rain after crash
“We will conduct additional checks at major, busy airports across India that are affected by the monsoon rains,” Arun Kumar, head of the Directorate General of Civil Aviation (DGCA) said in an interview late on Monday.
Four-fifths of CEOs expect COVID-19 to entrench remote working: PwC
“A blend of office and home working is most likely to be the future norm,” PwC UK’s chairman Kevin Ellis said.
Two-thirds of chief executives expected a global economic downturn as a result of COVID, and more than three-quarters expected a further shift towards automation.
Indian motor insurance business to contract in 2020 due to COVID-19:GlobalData
The recent regulatory changes following the pandemic also impacted motor insurance premium growth. In March 2020, the IRDAI put on-hold the proposed hike ranging between 2-10% on third-party liability insurance premium. Furthermore, the move to discontinue long-term own-damage motor policies, effective 1 August 2020, will also result in lower spending on motor insurance this year.
Russia registers first Covid-19 vaccine,Putin’s daughter administered dose
Russia is the first country to register a coronavirus vaccine. Many scientists in the country and abroad have been skeptical, however, questioning the decision to register the vaccine before Phase 3 trials that normally last for months and involve thousands of people.
U.S. Health Secretary Alex Azar, asked about Russia’s announcement, said safety was paramount and late-stage trials were key. He said the United States was on track for an effective vaccine by the end of the year, with six candidates under development.
“The point is not to be first with a vaccine. The point is to have a vaccine that is safe and effective,” Azar said on ABC News’ “Good Morning America” programme.
Bayer takes on Astellas in purchase of experimental menopause relief
Bayer is seeking to revive its women’s healthcare business as cheaper copied versions have lowered its sales of birth control pills.
It is close to settling injury claims over inserted birth control device Essure for more than 1 billion euros.
“We are one of the leaders in the area of women’s health… resulting in synergies on many levels, starting with product development, but also commercialisation,” Oelrich said.
Global insurance losses from natural catastrophes and man-made disasters at $ 31 billion in H1 2020:Swiss Re
Global insured losses from natural catastrophes rose to USD 28 billion in the first half of 2020 from USD 19 billion the year before, while insured losses from man-made disasters decreased to USD 3 billion from USD 4 billion.
Secondary perils primary loss drivers once again In the North America, severe convective storms (thunderstorms with tornadoes, floods and hail) caused insured losses of over USD 21 billion in the
first half.
Prudential Thailand and The 1 to launch country’s first lifestyle-health collaboration
Through this collaboration, The 1’s members will gain access to highly customised digital lifestyle and health solutions based on their lifestyle preferences, health stages and savings intentions. The partners in the collaboration will use Artificial Intelligence (AI) to curate and offer services that are highly relevant to members, helping them to achieve a higher quality of life and wellbeing
Sprout.ai aids Covid-19 insurance claim settlements with AI solution
Tony Emms, former CCO at Zurich UK and Sprout.ai advisory board member, says: “This solution is potentially transformational for the health insurance industry. Claim handling based on illness and medication coding frameworks create a huge amount of complexity. Medical claims are often the most difficult to handle because of these issues and their high volume, low value nature. By circumventing the coding system, with an entirely justified reasoning behind the triage, Sprout.ai has simplified the process for claims handlers. This solution will succeed because it impacts both leakage detection and efficiency gains simultaneously.”
Daughters have equal coparcenary rights in joint Hindu family property: SC
A three-judge bench of Justices Arun Mishra, S Nazeer and M R Shah said the provisions contained in substituted Section 6 of the Hindu Succession Act, 1956 confer the status of coparcener on the daughter born before or after amendment in the same manner as a son with the same rights and liabilities
Indian Railways suspends all regular passenger train services indefinitely
It may be noted that 230 Special Trains, which are running at present, will continue to operate. Local trains in Mumbai, which are presently being run on limited basis only on the requisition of state government, will also continue to run, it said.