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TATA AIG General launches new brand campaign
TATA AIG General Insurance has launched a new brand campaign,...
Japan Airlines expects losses of more than $100 million from wrecked Tokyo plane
All 379 people on board the JAL 9201.T Airbus AIR.PA A350 widebody...
India”s COVID-19 caseload races past 30 lakh
According to health ministry data, of the 945 fresh deaths, 339 are from Maharashtra, 101 from Tamil Nadu, 93 from Karnataka, 91 from Andhra Pradesh, 64 from Uttar Pradesh, 55 from West Bengal, 34 from Punjab, 15 from Jammu and Kashmir, 14 each from Gujarat and Madhya Pradesh, 13 from Delhi, 12 each from Kerala, Chhattisgarh and Rajasthan and 11 from Jharkhand.
Covid-19 also an epidemic of depression and anxiety among young adults
It’s long been clear that Covid-19, like any major disaster, is causing an increase in mental-health disorders and their accompanying evils. Those range from alcoholism and drug addiction to wife beating and child abuse.
In the Americas, the world’s most afflicted region with hotspots from the the US to Brazil, this psycho-social crisis has become its own epidemic, the World Health Organisation’s regional branch said this week.
Chinese insurance tech firm Waterdrop raises $230 million, plans U.S. IPO
Two sources with knowledge of the fundraising told Reuters that Waterdrop was valued at nearly $2 billion in the funding round. One of them said that Swiss Re itself had invested $100 million.
Swiss Re declined to comment on its investment size, but said the company’s participation in the round was part of its long-term commitment to China.
Twitter privacy ruling delayed after dispute among EU regulators
Twitter had looked set to become the first big technology company to face a fine by Ireland’s Data Protection Commission (DPC) under tougher EU data protection rules after it submitted the decision to other member states in May.
Under the EU’s General Data Protection Regulation’s (GDPR) “One Stop Shop” regime introduced in 2018, regulators can impose fines for violations of up to 4% of a company’s global revenue or 20 million euros ($22 million), whichever is higher
US court upholds $140 million compensation in TCS-Epic Systems case
According to reports, Epic had filed the lawsuit in 2014 against TCS alleging that the IT services company had stolen its intellectual property. In 2016, Epic won a jury award of $940 million.
Insurers will seek to benefit from open banking through partnerships post-COVID-19:GlobalData
Jazmin Chong, Insurance Analyst at GlobalData, comments: “The increased implementation of open banking and greater understanding of customers’ information will lead to an uptake of purchases through apps and mobile devices. This is due to the information exchange that insurers will have access to, allowing them to require less information from customers. It will also enable customers to use apps in a fast and more confident manner, as current app purchases still largely require extensive information that is more comfortable to fill out on a computer.”
Nine killed in major fire in Telangana’s Srisailam hydel power plant
“The accident happened when a sudden fire broke out in the electric panels. Employees, who sensed danger made all efforts to extinguish the fire. The entrapped employees tried to save the plant from catching fire without even caring for their lives”
Japan ship deviated from shipping lane before Mauritius impact, data shows
It was not immediately clear why the ship appeared to deviate from its course. Tracking data for other cargo vessels passing close to Mauritius recently show them all sticking to the shipping lane.
The Mauritius coast guard had repeatedly tried to reach the ship to warn it that its course was dangerous but received no reply, Reuters reported this week.
ICICI Gen acquiers Bharti AXA Gen in an all- stock deal valued at Rs 4,200 crore
AXA and Bharti to combine their non-life operations in India into ICICI Lombard, in exchange of shares, said Axa.
Under the terms of the agreement, AXA and Bharti will receive a total of 35.8 million shares of ICICI Lombard on closing, which would represent Euro 521 million at current market value, and an implied HY 2020 P/BV4 multiple of more than five times. The transactionis expected to result in a one-time positive net income of approximately Euro 0.2 billion in AXA Group’s FY 2021 consolidated financial statements,said AXA..
India coronavirus cases surge to 2.9 million
India for the first time conducted a record number of more than 9 lakh Covid tests in a span of 24-hours on Wednesday and it is poised to see an exponential increase towards its resolve of testing 10 lakh samples daily.