Welcome to My Blog
Here is a masonry blog layout with no sidebarOnline car sales may gain traction post COVID-19, auto retail needs to become virtual: EY
The Indian customer’s views and behaviour towards an online car purchase platform is only going to evolve. Indian OEMs and car aggregators can take a cue from global players and gradually develop their capabilities to support this transformation. Globally, OEMs like BMW, Peugeot, Hyundai and Volvo have successfully deployed almost contactless online sales, it added.
FPIs in selloff mode for 2nd straight month, pull out Rs 15,403 cr in April
“Of the inflows that are coming into India, nearly all are in the NBFC and pharma sectors,” said Harsh Jain, co-founder and COO at Groww.
He further said outflows have continued due to uncertainty surrounding economic conditions and investors are being cautious, keeping their reserves in the US dollar.
Covid-19 Pandemic:Confirmed cases cross 40,000,1,323 dead,record 2,644 new cases detected in last 24 hours
In a significant milestone in its fight against the novel Coronavirus,India has completed over 1 million Covid-19 RT-PCR tests (Reverse Transcription-Polymerase Chain Reaction).According to ICMR, a total of 1046450 samples have been tested as on 03 May 2020, 9 AM IST.RT-PCR is the only diagnostic test for Covid-19 approved by the World Health Organization.India is current carrying out an average of 75,000 tests per day at 419 approved laboratories across the country.
Biz activities significantly hit; recovery may take over a year: CII survey
New Delhi: The lockdown has brought economic activity to a grinding halt, CII said on Sunday, citing findings from its CEOs survey, which indicated that 65 per cent of the firms expect revenues to fall more than 40 per cent in April-June quarter. The...
Covid-19 will make life tough for non-life insurers: experts
“The Covid-19 will surely have its negative impact on the Indian non-life insurance industry as the lockdown is expected to continue in one way or other. There will be a drop in the business for the first quarter while improvement is expected in the second quarter of FY 21,” G. Srinivasan,Director, National Insurance Academy and former chairman-cum-managing director, New India Assurance
Asia prepares for everyday life with Covid
COVID-19 death toll rises to 1,218, cases to 37,336
Maharashtra to provide free & cashless health insurance cover to its people
Speaking to reporters after a Maharashtra Day event in Jalna on Friday, Tope said 85 per cent of the state’s population was covered under the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY) at present and the cover will be extended to the remining 15 per cent.A memorandum was signed to include government, semi-government employees and white ration card holders in the scheme in a bid to prevent private hospitals from overcharging patients, he said.
ICICI Lombard Gen net profit at Rs282 cr, up 24 %,in Q4Fy2020
“We have managed to book profit as we had taken a conscious call to not write crop business and also due to pricing improvements in segments like fire insurance.All business segments except retail health and motor insurance posted an underwriting profit for Q4.”
Combined ratio of the company stood at 100.4 per cent in FY2020 compared to 98.8 per cent in FY2019 primarily on account of long-term motor policies, change in product-mix and losses from catastrophic events. Combined ratio stood at 100.1 per cent in Q4 FY2020 compared to 99.0 per cent in Q4 FY2019.
Any combined ratio below 100 per cent means a general insurance company is making an underwriting profit.
Any combined ratio below 100 per cent means a general insurnace company is making an underwriting profit.
Warren Buffett says the coronavirus cannot stop America, or Berkshire Hathaway
Trump says evidence ties Covid-19 to Wuhan lab
Washington: As the US recorded more than 2,000 deaths on three consecutive days, President Donald Trump launched a scathing attack on China on Thursday. He said that the World Health Organization should be ashamed of itself, and likened it to a public relations...
Covid-19 Pandemic:US life insurance claims may touch $7.2 bn
The estimate includes costs for policyholders between the ages of 56 and 74, which are projected to reach as much as a combined $4.1 billion for individual and group plans, the researcher said in a study released Thursday. Life insurers are in good shape and should be able to manage surging costs, according to the report’s author, Samantha Chow.
Individual policies would account for 81% of claims, while group plans such as those offered by employers would make up the rest, the Aite study found. Insurers’ main challenge will be how to handle claims as economic hardship spreads, Chow said.
“The biggest issue is going to be that these beneficiaries that are calling after losing a loved one who might have passed as a result of Covid-19 — they’ve incurred a lot of health-care costs,” she said. “They might need the money really quickly in order to survive.”
UK watchdog goes to court to clarify coronavirus business insurance
India extends nationwide lockdown,to allow relaxations in lower-risk zones
Maker of coronavirus trial drug aims for wide distribution – Gilead CEO
Gilead Sciences, which manufactures remdesivir, is focused on making the experimental coronavirus drug accessible and affordable to as many people as possible once it is approved, Chief Executive Officer Daniel O’Day said on Friday. Interest in...
U.S. emergency approval broadens use of Gilead’s COVID-19 drug remdesivir
Fauci says leak concerns fueled his White House revelation of Gilead drug results
Bodies found in unrefrigerated trucks in New York during COVID-19 pandemic
NEW YORK : The city of New York delivered a freezer truck to a funeral home on Wednesday after it was found to be storing dead bodies in unrefrigerated U-Haul vehicles, a Reuters eyewitness said. The eyewitness saw bodies in a U-Haul van and said two...