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Shell to appeal landmark climate case in the Netherlands

by AIP Online Bureau | Jul 22, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life

  Royal Dutch Shell Plc said it will appeal a ruling by a Dutch court which ordered it to cut its carbon emissions by 45% over the next decade. Shell has said it will speed up its energy transition plans in response to the order, but is looking to overturn it so...

India cabinet eases foreign investment rules to aid BPCL sale – sources

by AIP Online Bureau | Jul 22, 2021 | Eco/Invest/Demography, Indian News, Policy

NEW DELHI: India's federal cabinet approved plans on Thursday to allow 100% foreign direct investment in state-run oil companies in which a strategic stake sale is announced, a move to help privatisation of Bharat Petroleum Corp two government sources said....

ICICI Gen’s Q1 net drops 61 % to Rs 152 crore on higher Covid-19 claims

by AIP Online Bureau | Jul 22, 2021 | Indian News, Non-Life

  Mumbai, July 22: With Rs 602 crore of Covid -19 claim outgo, the net profit of ICICI Lombard General Insurance has plunged by 61 per cent  year on year to Rs 152 crore  in Q1 FY2022 as compared to Rs 398 crore in Q1 FY2021. The largest private sector...

RBI eyeing ‘phased introduction’ of digital currency: Deputy Governor

by AIP Online Bureau | Jul 22, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

  Mumbai: The Reserve Bank is working on a phased implementation strategy for its own digital currency and is in the process of launching it in wholesale and retail segments in the near future, RBI Deputy Governor T Rabi Sankar said on Thursday. He said the idea...

Death rates soar in Southeast Asia as virus wave spreads

by AIP Online Bureau | Jul 22, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic

Indonesia has converted nearly its entire oxygen production to medical use just to meet the demand from COVID-19 patients struggling to breathe. Overflowing hospitals in Malaysia had to resort to treating patients on the floor. And in Myanmar's largest city,...
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