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COVID-19: India’s drug regulator approves study on mixing of Covaxin and Covishield doses

by AIP Online Bureau | Aug 11, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

NEW DELHI: India's drug regulator has given approval for a study to be conducted by the Christian Medical College (CMC), Vellore on mixing of COVID-19 vaccines Covaxin and Covishield, official sources said on Wednesday. An expert panel of the Central Drugs...

Munich Re remains bullish on India despite hit hard with Covid-19 mortality claims

by AIP Online Bureau | Aug 11, 2021 | Health, International News, Life, Non-Life, Reinsurance

MUNICH: Munich Re, the world’s largest reinsurer, is bullish on the Indian market despite being hit hard by larger than expected Covid- 19 claims from the country. “We are keen on India and China among Asian markets. We have increased our exposure for...

Delta tears across US, cases and hospitalisations at six-month high

by AIP Online Bureau | Aug 11, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Coronavirus cases and hospitalisations in the United States are at a six-month high, fuelled by the rapid spread of the Delta variant across swathes of the country grappling with low vaccination rates. Nationwide, Covid-19 cases have averaged 100,000 for three days in...

Global banks unwind India currency trades worth billions after RBI warning

by AIP Online Bureau | Aug 11, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management

Mumbai: Foreign banks have been forced to unwind billions of dollars worth of profitable currency trades at the behest of India’s central bank, according to people with knowledge of the matter. The issue in focus is a flurry of currency swap trades that involved...

Nearly 72 pc of financial transactions of PSBs done through digital channels: MoS finance

by AIP Online Bureau | Aug 11, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

  New Delhi: The government on Tuesday said nearly 72 per cent of financial transactions of public sector banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crore in 2019-20 to 7.6 crore in...
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