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Second Covid wave has taken ‘grievous toll’ on India: RBI Governor

by AIP Online Bureau | Jul 1, 2021 | Eco/Invest/Demography, Indian News, Technology

  Mumbai: The second wave of the pandemic took a "grievous toll" on India, but the dented economic activity has started recovering from late-May, Reserve Bank Governor Shaktikanta Das said on Thursday. In a first, Das flagged the rising data breaches...

Jeff Bezos picks female aerospace pioneer to launch with him

by AIP Online Bureau | Jul 1, 2021 | Facts, Technology

  CAPE CANAVERAL, Fla. Blue Origin’s Jeff Bezos has chosen an early female aerospace pioneer — an 82-year-old pilot denied astronaut wings decades ago because of her gender — to rocket into space with him later this month. The company announced...

Cyber reinsurance jump 40 % in July renewals -Willis Re

by AIP Online Bureau | Jul 1, 2021 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

  LONDON: Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware attack on Colonial Pipeline in May shut the largest...

Digit Insurance profit falls 30% to 123 crore in 2020-21, combined ratio at 109.4%

by AIP Online Bureau | Jul 1, 2021 | Health, Indian News, Non-Life

  Bengaluru: Digit Insurance, one of the youngest players in the Indian general insurance industry,saw its profit plunging by 30 per cent to Rs 123 crore in 2020-21 from Rs 175 crore in 2019-20, primarily due to claims from the COVID-19 policies.  The...

Dr Reddy’s denied approval for Phase 3 trials of Sputnik Light vaccine

by AIP Online Bureau | Jul 1, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi: The central government's Subject Expert Committee (SEC) has denied permission to Dr Reddy's Laboratories for conducting Phase 3 trials of Russia's COVID-19 vaccine Sputnik Light in India. "The SEC has denied permission to Dr Reddy's to...
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