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Here is a masonry blog layout with no sidebarCovid-19 Pandemic:PM Modi raises stimulus size to Rs 20lakh cr,modified lockdown from May 18
Covid-19 Pandemic:Insurers to see erase profits until 2021 second half, says Fitch
Gilead ties up with Indian phrma cos for COVID-19 drug supply
The countries consist of nearly all low-income and lower-middle income ones, as well as several that are upper-middle- and high-income, the drugmaker said. Afghanistan, India, North Korea, Pakistan and South Africa are among the countries.
The licensees will also set their own prices for the generic product they produce, Gilead said.
The licenses are royalty-free until the World Health Organization declares the end of the public health emergency regarding COVID-19, or until a product other than remdesivir or a vaccine is approved to treat or prevent COVID-19, the company said.
Covid-19 Pandemic:IRDA further extends grace period for paying life premium till May 30
Covid-19 Pandemic:Life insurers’ lose 33% of their new prm income, 63% of policy sales in Apr FY 2020-21
According to an analysis by Kotak Institutional Equities, “Private life insurance players reported 40 per cent yoy decline in individual APE in April 2020 despite the lockdown during the entire month, which is better than our expectations of about 90-95 per cent decline. Demand for protection policies and spillover from year-end pipeline were the likely drivers.’’
India’s automakers warn of up to 45% sales drop as economy slumps amid pandemic
Aon sets up MGA with world’s largest capacity for Intellectual Property Liability Risks
It is the latest offering from Aon to meet the changing needs of clients’ intellectual property (IP) exposures, especially in this distressed economic environment.Target markets include businesses of all sizes from SMEs to multi-national corporations in North America, Europe, Australia, New Zealand and parts of Asia
-Primary limit of indemnity of up to $100 million (€100 million)
Warehousing demand in 8 major cities drops 29% in Jan-Mar, new supply down 14%: Report
Property consultant JLL India expects limited leasing activities during the second quarter of 2020 calendar year. New supply will also get deferred because of the lockdown to control the spread of COVID-19.
However, it said that “there can be gradual revival in the demand post lockdown as leases and active requests for proposals (RFPs) that were in various stages of closure may be executed.”
India to restart some passenger trains even though coronavirus infections jump
Britain to quarantine travellers for 14 days, UK airlines body says
Tesla sues California county in virus factory closure fight, threatens to leave
Iran-linked hackers recently targeted coronavirus drugmaker Gilead
South Korea reports 34 new coronavirus cases,highest in a month
NDMA issues guidelines for restarting industrial activities to avoid Vizag-type tragedy
In a communication to all states and union territories, the NDMA said due to several weeks of lockdown and the closure of industrial units, it is possible that some of the operators might not have followed the established standard operating procedures.To minimise the risk, it is important that employees who work on specific equipment are sensitised and made aware of the need to identify abnormalities like strange sounds or smell, exposed wires, vibrations, leaks, smoke, abnormal wobbling, irregular grinding or other potentially hazardous signs which indicate the need for immediate maintenance or if required shutdown, it said.
Death toll due to COVID-19 rises to 2,109; cases climb to 62,939
The recovery rate stands at about 30.75 per cent while the fatality rate is 3.3 per cent.A total 128 deaths were reported in the country since Saturday morning — 48 in Maharashtra, 23 in Gujarat, 15 in Madhya Pradesh, 11 in West Bengal, eight in Uttar Pradesh, five each in Rajasthan and Delhi, four in Tamil Nadu, three in Andhra Pradesh, two in Punjab and one each in Telangana, Haryana, Chandigarh and Assam.The testing capacity for COVID-19 has been scaled up to around 95,000 tests per day and a total of 15,25,631 tests have been conducted so far across 332 government and 121 private laboratories, Union Health Minister Harsh Vardhan said on Saturday.
300 emerging Covid-19 hotspots were detected by Aarogya Setu App : Niti Aayog CEO
PM Modi to interact with CMs tom at 3 pm to review phased exit from lockdown
This meeting is expected to discuss post-May 17 scenarios, especially when the number of Covid-19 positive cases has touched 63000. Active cases are now growing at 5.2 per cent and doubling every 13 days. However, one crucial positive development is that the average rate of recovery has reached 30 per cent.
SBI Gen net profit rises by 23 % to Rs 412 cr in FY2019-20,combined ratio at 98 %
Pushan Mahapatra, MD and CEO said, “SBI General has maintained a steady growth in FY19- 20, we’ve managed a growth of 45 per cent as compared to an industry growth of around 12% for FY19-20. Despite being one of the younger players in the sector, we have seen impressive progress since commencing operations. Growth has been evident across all lines of businesses. New tie-ups and improved business from existing tie-ups in motor, higher branch activations/better penetrations across banca network, robust growth in Corporate, SME and Crop business has also contributed to the growth.”