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About 30 still trapped after Chinese coronavirus quarantine hotel collapses

by AIP Online Bureau | Mar 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

SHANGHAI: About 30 people remained trapped early on Sunday after a five-storey hotel being used for coronavirus quarantine collapsed in the southeast Chinese port city of Quanzhou, state media said.About four hours after the collapse, the Quanzhou municipality said 38...

State Bank of India says a 49% stake in Yes Bank will cost $331 million

by AIP Online Bureau | Mar 7, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

MUMBAI: State Bank of India said it will need to invest 24.5 billion rupees ($331 million) if it were to buy a 49% stake in Yes Bank as part of a rescue deal of the troubled lender.SBI Chairman Rajnish Kumar told reporters on Saturday the bank’s capital infusion...

Yes Bank’s digital partners hit by moratorium

by AIP Online Bureau | Mar 7, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  Mumbai: After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate.   It can be noted that the bank's own net banking facilities have not been...

As coronavirus cases rise, 52 labs set-up across India for testing samples

by AIP Online Bureau | Mar 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: In the wake of 31 confirmed cases of coronavirus in India so far, the Union health ministry has made functional 52 laboratories for testing samples while 57 labs have been designated for helping in sample collection for COVID-19 to enhance capacity...

Coronavirus: PM asks officials to ensure adequate quarantine, critical care

by AIP Online Bureau | Mar 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Prime Minister Narendra Modi reviewed the coronavirus situation in the country at a meeting with officials on Saturday and directed them to identify locations for sufficient quarantine facilities and make provisions for critical care in case the...
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