Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish...
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Malawian govt receives $11.2 million insurance pay out for Niño-linked drought
Malawi had a drought insurance policy through the bank and the...
Disruptive moves: Indian Insurers must modernize core platforms to meet competition and evolving customer expectations
Swayamjit Mishra, Managing Director & Partner, Leads Technology...
Oz, Israel were Covid success stories till Delta strain struck
In Australia, around a million people in four eastern and central Sydney neighbourhoods, which include Bondi Beach, were ordered to stay home for at least a week as total infections in an outbreak connected to the Delta variant topped 60. The lockdown is a shock for a population that had returned to relative normality after months of recording few cases.
Israel, which has prided itself on having one of the world’s most successful vaccination campaigns, has seen infections surge since dropping a requirement to wear masks in enclosed public places 10 days ago.
Policybazaar.com opens 15 retail stores for broking business
To drive the business, the company has roped in former executive director of SBI Life Insurance Rajiv Gupta to lead its expansion plans in the offline space.
The brick-and-mortar stores will serve as experience centres for customers and provide them with the comfort of a local physical presence to help resolve any queries or service requests, it said.
Fake vaccine scam unearthed in Mumbai and Kolkata, police probe on
Ten people have been arrested including two doctors at a private hospital in the financial hub, police told a news conference, with the scammers targeting residents of an upscale housing complex in one case.
Intel CEO says chip shortage to hit bottom in second half of 2021
“I don’t expect the chip industry is back to a healthy supply-demand situation until ’23,” he said in an interview. “For a variety of industries, I think it’s still getting worse before it gets better.”
Longer-term, the chip industry is positioned for a period of growth, Gelsinger predicted. Over the next decade, the increasing uses for chips – including 5G phone systems, electric vehicles and expanded artificial intelligence – will drive strong demand, he said.
Merchant ship crews still stuck at sea amid Pandemic
Some have been stranded for as long as 20 months, which contravenes the International Labor Organization’s Maritime Labour Convention, which allows a maximum of 11 monthsMore than 80% of world trade is transported by sea, meaning seafarers play a critical role in global commerce. The International Chamber of Shipping estimates that 200,000 are affected by travel restrictions, either stuck at sea or unable to leave home to get to their ships.
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EVs to dominate sales 5 years sooner than expected in US, Europe: EY
In terms of EV sales volumes, Europe is expected to lead the way until 2031, with China taking the lead from 2032 to 2050.
According to Randall Miller, EY Global Advanced Manufacturing and Mobility Leader: “A mix of changing consumer attitudes, ambitious climate-focused regulations and technology evolution is about to change the landscape of vehicle buying forever. While the automotive industry has begun to more fully embrace the move toward electrification, the impact of this seismic shift is arriving sooner than many expected.”
Pharmeasy to acquire diagnostics chain Thyrocare in a deal worth over Rs 6,300 crore
Pharmeasy is primarily into medicine deliveries.
At present, Thyrocare has a network of 4,000 partner labs while Pharmeasy serves 17 million customers monthly through its network of 6,000 digital consultation clinics and 90,000 partner retailers.
”We feel diagnostics is very important, Thyrocare has an outstanding backend, a very low cost structure and we have an unbelievable front end,” API Holdings’ Chief Executive Siddharth Shah told after signing the agreement.
Ixigo clocks 10 lakh searches for travel bookings, 3 lakh for vaccine slots
The travel app has witnessed a surge in both flights as well train bookings fuelled by people returning to metro cities from tier two and three cities like Patna, Darbhanga, Ranchi, Varanasi and Gorakhpur.
Even leisure travel queries are also picking up for popular summer getaway destinations like Leh, Ladakh, Shimla and Mussoorie. Industry data shows there is a sharp reversal from recent weeks with the number of domestic air passengers hovering around 1.1 lakh per day. Daily train bookings stand at over 9 lakh.
Novel method to accurately, quickly detect COVID-19 from phone swabs
The new method, described in the journal eLife on Tuesday, detected the COVID-19 virus on the phones of 81 to 100 per cent of contagious people with a high viral load, suggesting it is as accurate as antigen tests.
The researchers noted that globally active screening for COVID-19 is still a priority as new variants keep emerging and the vaccination rollout is not guaranteed in many countries.
However, testing is expensive and can be physically unpleasant, both of which are significant hurdles on the road to an effective test and trace system, they said.
Antibodies triggered by Chinese COVID-19 shots less effective on Delta variant: researcher
Five out of the seven domestically developed vaccines in China’s mass inoculation scheme are inactivated vaccines. These include shots from Sinovac Biotech and Sinopharm used in countries such as Brazil, Bahrain and Chile.