Category:

Non-Life

ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report

HDFC owns 50 per cent in HDFC Life and bringing it down to 20 per cent would mean offloading equity worth Rs 44,100 crore at today”s market value, while in case of ICICI Prudential Life which is 51 per cent owned by the bank, it will be Rs 22,100 crore worth of shares flowing into the market, and Rs 21,700 crore worth of shares from ICICI Lombard in which the bank owns 52 per cent. SBI which owns 55 per cent in SBI Life will have to sell shares worth Rs 32,200 crore.

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Allianz to acquire Aviva Italia

Giacomo Campora, CEO Allianz S.p.A., commented: “The acquisition of Aviva Italia S.p.A. perfectly fits with our strategy of growth in the insurance market, based on a solid technological platform and on continuous investments to offer our customers and agents products and services of an outstanding quality.” 

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Surge in daily COVID-19 cases, India records over 17,000 new infections

The increase in the numbers continued to be driven by Maharashtra, which recorded the highest daily cases in 137 days with 9,855 patients testing positive for the virus.

The last time Maharashtra exceeded this number was on October 17 when the state had recorded 10,259 cases. Punjab, too, recorded a spurt in cases with 778 patients testing positive — the highest since December 6.

At 2,765, Kerala recorded the highest number of cases after Maharashtra.

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Why world’s power grids are increasingly vulnerable to cyber attacks

“Essential state infrastructures like power grids and nuclear reactors have been and will continue to be a target of cyber attacks because modernization allows internet connectivity, which makes them vulnerable,” said Kim Seungjoo, a professor at Korea University’s School of Cybersecurity.

“It’s almost a natural instinct of hackers, especially the state-sponsored ones, to attack energy infrastructure because they can easily disrupt national security.”

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Ease of Living Index:Bengaluru, Shimla best cities to live

This index was first launched in 2018 and is based on indicators across 15 evaluation criteria. These criteria include governance, identity and culture, education, health, safety and security, economy, affordable housing, land use planning, public open spaces, transportation and mobility, assured water supply, waste-water management, solid waste management, power, and quality of environment.

It provides a comprehensive understanding of participating cities across India based on quality of life, economic-ability of a city, and its sustainability and resilience.

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