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ELEMENT and Parametrix launch innovative cloud outage insurance in Europe

Parametrix developed this unique insurance solution based on its proprietary monitoring technology that analyses the global performance and availability of cloud service providers’ down to the millisecond level. The highly advanced parametric system ensures an accurate and precise overview of risk accumulation and concentration across different IT-services and regions. Also, the monitoring system detects insured events in real time and triggers compensation with waiting periods as short as only one hour. This new insurance solution in the field of cyber and tech-related insurance is an innovative answer for companies to financial losses due to cloud outages.

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New Zealand’s Auckland stays in lockdown, officials report Pfizer-linked death

The health ministry on Monday announced a woman had died due to myocarditis, which is known to be a rare side effect of the Pfizer-BioNTech COVID-19 vaccine. Myocarditis is an inflammation of the heart muscle that can limit the organ’s ability to pump blood and can cause changes in heartbeat rhythms. The health ministry did not provide the woman’s age. Pfizer in New Zealand did not immediately reply to an emailed request for comment.
Moderna Inc’s COVID-19 vaccine contamination woes in Japan have widened with another million doses being suspended after foreign substances were found in more batches and two people died following shots from affected lots.

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Covid destroyed lives, heart-wrenching to see survival of kids at stake: SC

“We are glad that the UoI (Union of India) and the state governments/Union Territories have announced schemes to provide succour to the children in need. We have no doubt that the authorities concerned would leave no stone unturned to attend to the immediate basic needs of the crestfallen children, said a bench of justices L Nageswara Rao and Aniruddha Bose.

The top court, which was hearing a suo motu matter on ‘Contagion of COVID-19 on children protection homes’, noted in its order that over one lakh children have lost either or both parents during the pandemic.

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Pent-up demand to push auto dealer volumes up by 10-15% in FY22: CRISIL

Dealers of two-wheelers, passenger vehicles and commercial vehicles expect sales to increase 10-15 per cent this fiscal on a low base of last fiscal, driven by new model launches, pent-up demand, and festive season sales, the survey revealed.
However, a possible third wave of COVID-19, spurt in fuel prices and supply constraints of original equipment manufacturers (OEMs) are seen among factors that could slow the sector down, CRISIL said on Monday.

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Ez4EV to soon launch on-demand mobile charging stations for EVs

The transition from IC (internal combustion) engines to e-mobility requires efficient charging infrastructure. The Ez4EV plans to solve the problem of inadequate infrastructure by deploying a network of autonomous EzUrja charging stations. With this, the company aims to become a key player in the innovative charging infrastructure market by providing ‘Infra-as-a-Service’ for the Indian EV sector.

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Resting on climate action a $11 trillion opportunity for India: Deloitte Report

Over the next 50 years, the top five most impacted industries in terms of economic activity are expected to incur a significant share of climate-related loss.

These industries — services (government and private), manufacturing, retail and tourism, construction, and transport — currently account for more than 80 per cent of India’s GDP. Together, they form the basis of the country’s contemporary economic engine, it added.

Deloitte estimates that by 2070, these five industries alone would experience an annual loss in the value added to GDP of more than USD 1.5 trillion per year.

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Govt brings new ‘BH’ registration series for personal vehicles to ensure seamless transfer across states

”This vehicle registration facility under ‘Bharat series (BH-series)’ will be available on voluntary basis to defense personnel, employees of central government/ state government/ central/ state public sector undertakings and private sector companies/organisations, which have their offices in four or more states/union territories,” the Ministry of Road Transport and Highways (MoRTH) said in a statement. This scheme, it said, will facilitate free movement of personal vehicles across states/union territories of India upon relocation.

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