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Billionaire Gautam Adani indicted in US for bribery and fraud
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HDFC Life net profit declines 33 pc to Rs 302 cr in Q1 FY22
”In the quarter gone by, we witnessed a steep rise in death claims with peak claims in wave two at around 3-4 times of the peak claim volumes in the first wave. We paid over 70,000 claims in Q1.The gross and net claims provided for amounted to Rs 1,598 crore and Rs 956 crore, respectively. It appears that claims on individual business have peaked in June and expect them to normalise in the coming months with more people getting vaccinated and a fall in the absolute number of infections,” HDFC Life said on the impact of the pandemic on the business during the quarter.
Govt plans to complete LIC IPO this fiscal: Karad
”The Initial Public Offer (IPO) of the Life Insurance Corporation of India (LIC) is planned to be completed during the year,” Karad said in a written reply to the Lok Sabha.
31.13 lakh domestic air passengers in June, 47% higher than in May: DGCA
The drop in domestic air traffic in May was due to the second wave of the COVID-19 pandemic that had badly hit the country and its aviation sector.
India reports 38,164 new COVID-19 cases, recovery rate reaches 97.32 pc
The Union Health Ministry has informed that the cumulative number of COVID-19 vaccine doses administered under the nationwide vaccination drive has reached 40,64,81,493.
Delta variant accounts for 80% of new Covid cases: Govt expert panel chief
“Besides, on invading a human cell, it replicates faster. It leads to a strong inflammatory response in organs like the lungs. However it is difficult to say that disease due to delta variant is more severe. The age profile and the deaths during the second wave in India were quite similar to that seen during first wave,” he stated.
LIC launches health insurance plan, cover upto 80 years
An individual can insure himself/herself(as principal insured(PI), his/her spouse, all children and parents under one policy.The plan is available for principal insured/spouse/parents aged 18 years to 65 years and children of age 91 days to 20 years.
The cover period available for PI/spouse/parents up to age 80 years and for children up to 25 years.
This plan provides benefits like flexible benefit limit to choose from,flexible premium payment options,valuable financial protection in case of hospitalisation, surgery etc,lump sum benefit irrespective of actual medical costs, Increasing Health cover by way of Auto Step Up Benefit and No Claim Benefit.
Cyber security key to achieve PM’s dream of USD 5 tr economy: Shah
“To make the country’s economy boom, flourish, prosper, cyber security is very important. And to achieve PM Narendra Modi’s dream of India becoming a five trillion dollars economy, cyber security is very important,” Shah said.
Covid can make one more susceptible to active tuberculosis: Health Ministry
The ministry said notification of tuberculosis cases had decreased by about 25 per cent in 2020 due to Covid-related restrictions and special efforts are being made to mitigate this impact through intensified case findings.
15 dead in house collapses as heavy rains pummel Mumbai; local train services suspended
The rain fury reminded some Mumbaikars of the the 24-hour rainfall figure of 944 mm on July 26, 2005.The India Meteorological Department (IMD) has issued a red alert for Mumbai in the backdrop of heavy rains, a BMC official said.
Witnessing V-shaped recovery, looking at record sales in India in 2021: Lamborghini
The company, which sells a range of super luxury cars priced between Rs 3.15 crore and Rs 6.33 crore, is looking to beat its best-ever performance in the country recorded in 2019 when it sold a total of 52 units. It is already witnessing over 20 per cent growth in its business in 2021 as compared to 2019.