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Two killed 20 injured as 18 coaches of Howrah-Mumbai Mail derail in Jharkhand
"Two persons were killed and 20 injured as 18 coaches of...
ICICI Lombard General to partner with Karnataka Bank
ICICI Lombard has announced its collaboration with Karnataka...
Moody’s cuts India growth forecast for 2021 to 9.6 pc
“Mobility and economic activity will likely accelerate in the second half of the year as the pace of vaccinations pick up. The government recently announced a strategy to centralise vaccine procurement in order to boost vaccinations, which if successful, will support the economic recovery,” it added.
Men took bigger jobs hit in pandemic across euro zone: ECB study
Men accounted for more than 60% of the jobs losses last year, while in terms of hours worked they suffered more than two-thirds of the overall drop, the ECB said in an Economic Bulletin article.
With women heavily represented in the leisure and hospitality sector, some economists and even ECB officials warned that women were at risk of losing more, but the study suggests that women found new work more easily then men.
Howden Australia appoints Matt Bacon as CEO
Matt, Stuart and Nick join a strong cohort of industry leaders at the firm, driving forward the ambitious growth objectives of Howden Australia, which only launched on 1st March 2021. It is focused on specialist industry and product segments such as Financial Lines, Corporate Risks, Commercial and Affinity, Workers Compensation, Group Risk and Alternative Risk Transfer Solutions.
4 major Korean insurers cut exposure to coal power
Top Korean non-life insurers DB Insurance, Hyundai Marine & Fire Insurance, Hanwha General Insurance, and Hana Insurance, which have provided nearly half of the total US$52 bn coal underwritings by Korean insurance companies — say no more insurance for both construction and operations of coal plants
Pfizer in final stages of agreement to supply vaccine doses to India: CEO
Pfizer, he said, has made a specific plan that the mid and low-income countries, which includes India, will receive at least two billion of those doses. There would be at least one billion doses this year, said Pfizer’s CEO Dr Albert Bourla
Gujarat govt announces policy to promote electric vehicles
The state government will provide a subsidy up to Rs 20,000 on the purchase of an electric two-wheeler, Rs 50,000 for three-wheeler and Rs 1,50,000 on the purchase of a four-wheeler, he said.
As per a rough estimate, the new policy will help in saving fuel worth Rs 5 crore every year, Rupani said, adding that carbon dioxide emission will be reduced by six lakh tonnes annually.
‘If we are disciplined, then we can stay safe,’ says Health Ministry on COVID third wave
Speaking about rural vaccination, Paul said, “More than half of the doses administered over the last few weeks were inoculated in rural areas, which makes it clear that rural outreach is possible. We are fully hopeful and confident that it is completely possible for us to cover rural areas.” Dr Paul emphasised that gender balance in inoculation needs to be focused and said, “46 per cent of the people who received the vaccine yesterday were women and 53 per cent were men. We have to work on this imbalance, create awareness among women and bring them forward.”
India’s electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions
In the overall Asia region, EV market will continue to grow at a fast pace as more countries look to support EV uptake, reduce emissions and attract EV related manufacturing investment.
New compensation offer made over Suez canal blockage
The Suez Canal Authority (SCA) demanded $916 million in compensation to cover salvage efforts, reputational damage and lost revenue, before publicly lowering the request to $550 million.The Ever Given’s Japanese owners Shoei Kisen and its insurers have disputed the claim and the ship’s detention under an Egyptian court order.
Karnataka to set up system at dams to get real-time water data, to prevent floods
This system, once set up in Karnataka’s Almatti and Narayanpur dams, will help the officials of both the states overcome the possibility of floods. In case Maharashtra has to release water from its dams as a precautionary measure, it will inform the Karnataka officials who would accordingly lower their water level in Almatti and Narayanpur dams. This alleged lack of communication in 2019 had resulted into Maharashtra releasing lakhs of cusecs water into river beds that flooded the villages on the banks.