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Passenger vehicle sales jump 28 pc in March, Covid concerns remain: FADA
Commercial vehicles witnessed a downswing of 42.20 per cent to 67,372 registrations versus 1.16 lakh in March 2020. Two-wheeler registrations totalled 11.95 lakh last month compared to 18.46 lakh in March 2020, marking an downturn of 35.26 per cent.
However, passenger vehicle registrations edged higher by 28.39 per cent to 2.79 lakh from 2.17 lakh in the year-ago period.
One in ten suffer long-term effects 8 months following mild Covid-19: Study
“Fatigue and respiratory problems are also more common among participants who have had COVID-19 but do not occur to the same extent,” Thalin said.
Egypt seeks settlement out of court for Suez Canal blockage
The canal chief said last week the Suez Canal Authority was expecting more than $1 billion in compensation, warning the ship would not be allowed to leave the canal if the issue of damages turns into a legal dispute.
“We are discussing with them a peaceful resolution to the matter without resorting to the judiciary,” he said. He maintained that bringing the case before a court would be more harmful to the firm than settling with the canal”s management.
CEO Mary Barra bets GM can grow beyond cars and trucks
The veteran GM engineer’s Global Innovation team is looking for new enterprises to expand the automaker’s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated $1.3 trillion. That doesn’t include flying cars, a market sector that alone could be worth $1.3 trillion, Fletcher told Reuters.
The goal is to become a diversified purveyor of mobility services – the automotive equivalent of Apple, with revenue that rolls in monthly or quarterly from software and services long after the initial product is sold.
India InsurTech Association and Xceedance join hands to promote insurtech sector in India
IIA has joined forces with Xceedance – as the principal sponsor – to forge global partnerships, develop talent, provide insurtech start-up resources, and build its core team. Co-founded by Shwetank Verma, Subhajit Mandal, and Prerak Sethi, IIA bring togethers various India-based insurtech start-ups, re/insurance companies, service providers, and insurance professionals to increase the velocity of digital transformation across the Indian insurance industry.
The association already includes 32 insurtech members, and facilitates networking and focused thought leadership sessions for its diverse constituents.
Reinsurers set to bear brunt of costs for Suez Canal grounding
The UK Club will cover the first $10 million of P&I losses.
Beyond that, the wider pool of P&I insurers will cover up to $100 million, at which point reinsurers such as Lloyd’s of London step in for up to $2.1 billion of claims. P&I insurers would contribute for part of a further $1 billion of cover.
India to review COVID-19 vaccines after blood clot warning – report
The review comes after Europe’s drug regulator said on Wednesday it found a possible link between AstraZeneca’s vaccine and rare blood clotting issues in adults who had received the shot, although it added the vaccine’s advantages still outweighed the risks.
Gadkari flags off 90 ambulances for road accident victims
The 90 basic care ambulances are for Andaman-Nicobar Islands, Arunachal Pradesh, Jammu & Kashmir, Ladakh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura and Uttarakhand, Ministry of Road Transport and Highways said in a statement.
As per road accident statistics, of the 415 deaths per day in India, about 40 per cent lives can be saved if basic medical treatment is made available in time, the statement said.
IRDAI issues draft guidelines on trade credit insurance
The government is keen on trade credit insurance that will to enable general insurance companies to offer trade credit insurance with customised covers to improve businesses for the SMEs and MSMEs, considering the evolving insurance risk needs of these sectors.
WHO does not back vaccination passports for now – spokeswoman
Meanwhile, the United States won’t issue “vaccine passports”, White House press secretary Jen Psaki said on Tuesday.
“The government is not now, nor will we be supporting a system that requires Americans to carry a credential. There will be no federal vaccinations database and no federal mandate requiring everyone to obtain a single vaccination credential,” Psaki told reporters at house briefing.