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Ebix files for Chapter 11 Bankruptcy, company’s nearly 200 non-US affiliates not included
Ebix has a tie-up with India's BSE for an insurance broking...
2,500 fraudulent loan apps weeded out from Google Play Store: Sitharman
Finance Minister Nirmala Sitharman said that in accordance with the...
49-day lockdown necessary to stop coronavirus resurgence in India: Study
The paper by Ronojoy Adhikari in collaboration with Rajesh Singh from the Department of Applied Mathematics and Theoretical Physics at the University of Cambridge in the UK shows that the 21-day lockdown that the India government has imposed is unlikely to be effective and ‘there will be a resurgence of Covid-19 at the end of it’.
India breathes easy in lockdown: 90 cities record dip in air pollution
As many as 39 cities have recorded “good” air quality and 51 cities have recorded “satisfactory” air quality in the last few days, the CPCB data showed.
From quills to qwerty: Lloyd’s underwriters adapt to home working
Underwriters and brokers are already able to process part or all of a trade electronically through platforms such as PPL. But many have preferred not to do so.
Pressure mounts on U.S. insurers to pay pandemic business loss claims
This week Ohio and Massachusetts lawmakers introduced bills similar to one in New Jersey which would require insurers to pay the claims, mainly to small businesses, despite exclusions.
Insurers could then seek reimbursement from states, which would recoup the funds by assessing industry fees.
India’s chaotic cities turn eerily silent as coronavirus fears grow
But millions more are still stuck as all railway movement across the country has been halted. The government announced an US$22 billion (S$31 billion) relief package on Thursday, but the terror is palpable as families sit huddled under flyovers and near bus stops unsure of what happens next. Local media have reported thousands of people are simply walking hundreds of kilometres toward their villages, clutching their children and meagre belongings.
As U.S. virus cases exceed 100,000, doctors decry scarcity of drugs and equipment
US President Donald Trump on Friday invoked wartime Defense Production Act to force auto giant General Motors to manufacture ventilators, amid a supply shortage of the life-saving medical equipment in view of the mounting coronavirus cases. Price negotiations with the car company was taking time, Trump said. Trump signed a Presidential Memorandum directing the Secretary of Health and Human Services to use any and all authority available under the Defense Production Act to require General Motors (GM) to accept, perform, and prioritize federal contracts for ventilators.
Bruised Indian economy to be battered further by coronavirus: Reuters Poll
“Just as everywhere else in the world, the Indian economy is bracing for the fallout (from) this unprecedented event. We expect the lockdown to dramatically reduce GDP in … subsequent quarters, while there will be prolonged economic gloom throughout the rest of the year,” said Prakash Sakpal, Asia economist at ING.
India needs at least 38 mn masks to fight Coronavirus
Invest India estimated the country needed 38 million masks – 14 million needed by state governments and the rest by the federal government – and 6.2 million pieces of protective gear
PM announces new fund for people to donate towards govt fight against coronavirus
People can visit www.pmindia.gov.in to make contributions using credit and debit cards, UPI, net banking and RTGS or NEFT, it said.
Test that can detect coronavirus in 5 minutes; courtesy Abbott Labs
The test starts with taking a swab from the nose or the back of the throat, then mixing it with a chemical solution that breaks open the virus and releases its RNA. The mixture is inserted into an ID Now system, a small box weighing just under 7 pounds that has the technology to identify and amplify select sequences of the coronavirus genome and ignore contamination from other viruses.