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Global IT outage: A ‘huge wake-up call’ for cyber insurance industry
Insurers are expecting a "wave of notifications" in the coming...
Insured losses from CrowdStrike’s outage likely total $540 million to $1.08 billion, says insurer Parametrix
Fortune 500 firms excluding Microsoft to see $5.4 bln in...
20% rise in intake of anti-depressants among people since Covid outbreak
The sale and consumption of antidepressants, also called neuro-cognitive enhancers, has increased by 20 per cent, observes Dr Rajiv Mehta, vice-chairperson, Institute of Psychiatry and Behavioural Sciences, Sir Gangaram Hospital.
Automakers initiate production ramp-up with easing of Covid restrictions
“With the easing of the lockdown in various states, production is gradually ramping up and likely to stabilise to normal levels by the end of the month,” Tata Motors Passenger Vehicle Business Unit President Shailesh Chandra told PTI.
Counting Covid-19 enters new era as threats shift away from cases
Scientists say comparing the prevalence of Covid to the flu, which kills about 650,000 people globally each year, will become an important yardstick come next fall and winter. Covid has killed more than 3.8 million people since the start of 2020, but vaccinated countries should eventually be able to treat its periodic resurgences in the same way as they do the flu — and make policy decisions accordingly.
Traces of coronavirus found in Sabarmati river, two lakes: IIT Study
While the study, funded by the UNICEF, did not reveal if the genes of coronavirus found in the water samples were dead or alive, Professor Manish Kumar, who led the research, has emphasised the need for further probe on the subject to avert any future tragedy. Following the revelation, the Ahmedabad Municipal Corporation (AMC) has decided to send samples from these water bodies to the Gujarat Biotechnology Research Centre (GBRC).
Britain turns into test case for Covid-19 endgame
After inoculating a larger proportion of people than any other major economy, Britain is emerging as a test case in Europe as it attempts to draw a line under Covid-19. Levels of infections are now back to their highest since February and the pound is taking a hit on concern a recovery may be slipping further into the future.
United Kingdom has recorded 11,007 new Covid-19 cases in 24 hours, with the emergence of the Delta variant pushing the figure above 10,000 for the first time since late February.
EU adds another rare blood condition as side effect of AstraZeneca shot
People who had previously sustained the condition, where fluids leak from the smallest blood vessels causing swelling and a drop in blood pressure, should not receive the shot, the EMA added.
India records 60,753 new COVID-19 cases,1,647 deaths in last 24 hrs
With the new cases, the country’s tally has climbed to 2,98,23,546 including 7,60,019 active cases. As many as 3,85,137 people have succumbed to the COVID infection so far, while the cumulative recoveries reached 2,86,78,390.
Go for “carefully calibrated” reopening, Centre tells states & UTs
“With a decline in the number of active cases, many states and UTs have started relaxing restrictions. I would like to highlight that the decision to impose or ease restrictions has to be taken, based on the assessment of the situation at the ground level,” he said.
IDFC FIRST Bank offers four times annual CTC, salary continuation for two years to corona affected employees’ families: MD
“The bank’s employees are usually young people. Their families will be taken by shock. So we put together a composite programme covering all angles. We are giving four times the annual CTC as compensation plus continuing the salary for two more years so that the family can get the time to economically recover,” V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank, told PTI.
CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities
Acting through SPV, the combination-India Advantage Fund S4 I & Dynamic India Fund S4 US I, and NHPEA Trisul Holding B.V.- contemplates an acquisition of an effective combined interest of less than 25 per cent, on a fully diluted basis, of the share capital of Magma HDI .
Besides, NTH would buy an effective combined interest of less than 10 per cent, on a fully diluted basis, of the company’s share capital, as per a notice filed with CCI.