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Micro insurance premium in life segment rises 24% to Rs 10,000 crore in FY24
The number of persons covered under the scheme stood at 178.39...
Indian healthcare sector poised to reach $320 bn by 2028: Report
To tackle the challenges, organisations in these sectors are...
Shell will pay $111 million to end Nigerian oil-spill case
The Anglo-Dutch energy giant will pay the Ejama-Ebubu people 45.7 billion naira ($111 million) in compensation to end a legal case that began in 1991, the community’s lawyer, Lucius Nwosu, said by phone.
The origin of the Ejama-Ebubu community’s grievance against Shell dates back to a rupture in one of the company’s oil pipelines in 1970. Shell said it maintains that the environmental damage was caused by “third parties” during a civil war that was raging at the time.
India’s vehicle scrappage policy provides opportunities for new biz models: Experts
Deloitte India Partner & Leader, Government & Public Services Arindam Guha said in addition to reducing vehicular pollution and improving road safety, the vehicle scrapping policy is also likely to attract additional investments and generate employment through registered vehicle scrapping facilities (RVSFs), with around 50-60 such centers likely to be set up across the country.
Covid-19: Economic slowdown, job insecurity and fear of debt drive low confidence among people, says HDFC Life Report
41% respondents have availed a life insurance policy post the first wave that enabled them to plan better for the second wave and the impact of COVID-19 is more severe across metros in comparison to Tier 1 and Tier 2 cities, said the report.
Ola drives in e-scooter tagged at Rs 99,999 onwards; deliveries to commence in Oct
”Charging station roll out will follow sales rollout, so it will be sales, then charging stations but every city will have at least relevant scale as we begin,” Aggarwal said. Ola had earlier stated that it would like to have 5,000 charging stations across 300 cities and towns across India.
The executive pointed out that the company has received strong demand from about 1,000 towns and cities. ”The EV revolution is here to stay whether incumbents like it or not. Consumers have shifted in their mindsets and before we know it, people will be buying only electric,” he noted.
Extreme weather makes everything harder, except climate-risk analysis
The findings were hardly surprising to those who follow climate science closely, but the gravitas of the report, which summarizes work by thousands of academics, will shift the broader conversation on global warming for years to come.That we now acknowledge, without doubt, that rising global temperatures are causing more extreme weather underlines the importance of all the work being done to assess the financial costs of climate change. It is also a reminder that financial analysts, policymakers and economists can’t begin to capture the full scale and effect of a warming planet.
Official: China’s growth likely to slow due to virus, floods
China’s economy still is in a “recovery trend” from last year’s pandemic-induced slowdown but is likely to weaken after a relatively strong first half, said Fu Linghui, a spokesman for the National Bureau of Statistics.
“This year’s main economic growth trend will be low after high,” Fu said at a news conference.
Biz activity last week higher than pre-COVID level for first time: Report
This is the first time that the activity has breached the pre-pandemic base. The index level had declined sharply in the immediate aftermath of the national lockdown in April last year and rose steadily to be very close to the pre-pandemic levels of March 2020. However, the second wave and the ensuing localised lockdowns dented it again, till it rose after the waning of the infections.
PE/VC investments touch all-time high of $ 9.5 bn in July: Report
The activity was higher by 77 percent when compared to June’s USD 5.4 billion, the report on monthly PE/VC investment activity by industry lobby IVCA and consultancy firm EY said.
New airports being constructed in India at unprecedented speed: PM
The Centre has accorded in-principle approval for setting up of 21 greenfield airports across the country: Mopa in Goa; Navi Mumbai, Sindhudurg and Shirdi in Maharashtra; Bijapur, Hassan, Kalaburagi and Shimoga in Karnataka; Dabra (Gwalior) in Madhya Pradesh; Kushinagar and Jewar (Noida) in Uttar Pradesh; Dholera and Hirasar in Gujarat; Karaikal in Puducherry; Dagadarthi, Bhogapuram and Orvakal (Kurnool) in Andhra Pradesh; Durgapur in West Bengal; Pakyong in Sikkim; Kannur in Kerala; Hollongi (Itanagar) in Arunachal Pradesh.
Herd immunity hopes against Covid-19 Pandemic fade
The thinking was that the pandemic would ebb and then mostly fade once a chunk of the population, possibly 60% to 70%, was vaccinated or had resistance through a previous infection. But new variants like delta, which are more transmissible and been shown to evade these protections in some cases, are moving the bar for herd immunity near impossibly high levels.