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India pips Hong Kong to become 4th-largest stock market
The combined value of shares listed on Indian exchanges reached...
India logs 1,640 cases of Covid sub-variant JN.1: INSACOG
Andhra Pradesh recorded 219 JN.1 cases while Kerala registered 156...
Beazley launches Contingency Policy covering virtual event organizers,offers limits of up to $10 million
London: Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event. The cover is available on a global basis and offers limits of up to $10 million....
Companies hit with $1.8 billion cyber losses,six-fold increase in 2020 :Hiscox study
The highest recorded cyber loss was $87.9 million from a financial services firm in the UK.More than 6% of total respondents paid a ransom. Their combined losses came to $381 million.However the positive signs are that twice as many firms responded to a breach by adding new security and spending more on employee training.
There has been a shift in the hackers’ behaviour in the last six to 12 months as they focus more on industries such as energy and manufacturing.
Cipla to price remdesivir version for COVID-19 under 5,000 rupees
Remdesivir, intravenously administered in hospitals, is the first treatment to show improvement in COVID-19 trials. It has been approved for emergency use in severely-ill patients in the United States, India and South Korea, and has received full approval in Japan.
Major quake shakes southern Mexico, at least six killed
Houses were scarred by wide cracks across walls and residents sought to clear debris from the streets. About 200 houses in the area were damaged, including 30 that were badly impacted, a local official said.
Patanjali to launch ayurvedic drug for Covid-19, claims cure within 14 days
“We appointed a team of scientists after Covid-19 outbreak. Firstly, the simulation was done and compounds were identified which can fight the virus and stop its spread in the body. Then, we conducted a clinical case study on hundreds of positive patients and we have got 100 per cent favourable results,” Balkrishna said.
Coronavirus cases in India climb to 4,40,215, nearly 11,000 recoveries in single day
During the last 24 hours, a total of 10,994 COVID-19 patients have recovered, taking the recovery rate to around 56.38 per cent amongst coronavirus infected patients, an official said.
Of the 312 fresh fatalities reported till Tuesday morning, 113 were from Maharashtra, 58 from Delhi, 37 from Tamil Nadu, 21 from Gujarat, 19 from Uttar Pradesh, 14 from West Bengal, 9 from Haryana, seven each from Rajasthan and Telangana, six from Madhya Pradesh, five each from Andhra Pradesh and Karnataka, three from Jammu and Kashmir, two each from Bihar and Punjab and one each from Chhattisgarh, Goa, Odisha and Uttarakhand.
Global coronavirus cases top 9 million as outbreak surges in Brazil, India
In the United States, which has about 120,000 deaths, cases are rising again after declining for more than a month and wearing a mask is not mandatory in most states.
Nikhil Rathi appointed as Chief Executive of UK’s FCA
On 1 April 2013, the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).The FCA is the conduct regulator for the UK’s financial markets, over 59,000 financial services firms, and the prudential supervisor for 49,000 firms, setting specific standards for 19,000 firms.
Insurers can now offer short-term Covid-19 policies:IRDAI
Short term policies may be issued for a minimum term of three months to a maximum term of eleven months.In between three months and eleven months, the policy term should be in multiples of completed months, said IRDAI.
IFC mobilises $2B in credit capacity from insurers to expand lending to FIs
AXA XL, Aspen Insurance, Everest Insurance®, Liberty Specialty Markets, Munich Re and Tokio Marine HCC are giving IFC the ability to significantly scale up its lending operations to emerging market financial institutions over the next four years.The initiative will allow IFC to increase its medium- and long-term lending to commercial banks and non-bank financial institutions in emerging markets by up to $5 billion.