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Here is a masonry blog layout with no sidebarIndia’s logs new 58,097 Covid cases,the highest since June
A total of 2,135 cases of Omicron variant of coronavirus have been detected across 24 states and UTs . Maharashtra recorded the maximum number of 653 cases followed by Delhi at 464, Kerala 185, Rajasthan 174, Gujarat 154 and Tamil Nadu 121 cases New Delhi: A total of...
Asian factories take Omicron risks in stride, for now
The rising rate of global infections have raised eyebrows among policymakers, with outbreaks in China forcing some firms to suspend production and threatening to disrupt output for memory chip giants like Samsung Electronics a TOKYO: Asia's factory activity grew in...
Explainer:How Tesla weathered global supply chain issues that knocked rivals
"We're designing and building so much more of the car than other OEMs (original equipment manufacturers) who will largely go to the traditional supply base and like I call it, catalog engineering. So it is not very adventurous," Musk said Tesla Inc's ability to design...
France detects a new Covid-19 variant called ‘IHU’, 12 infected
The new variant from the lineage named B.1.640.2 is believed to have infected 12 people in the country, according to a yet-to-be peer-reviewed study supported by the French Government French researchers have detected a new Covid variant, probably of Cameroonian...
SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support for these banks in times of distress. Due to this perception, these lenders enjoy certain advantages in the funding markets. Mumbai: The...
Assets under management of NPS, APY cross Rs 6.99 lakh cr: PFRDA
NPS, which mainly caters to organised sector employees, is segmented into central government, state government, corporate sector employees, all citizens model and NPS Lite New Delhi: Total assets managed under NPS and APY, the two flagship pension schemes of the...
COVID-19 insured loss of $44 bln is third largest catastrophe loss -Howden
"There's only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that's pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden London: Insured...
Jan 1 Renewals: Late placements and nat cat losses see mixed outcomes, Gallagher Re
The market appears to have moved on from the Covid-19 claims of 2020 as primary companies’ claims reserves stabilise and reinsurance recoveries start to move through the market with an increasing number being settled Reinsurers have managed to achieve further...
Devas case: AAI taking legal recourse against Canadian court’s order to seize USD 30 million
In a statement on Monday, a spokesperson of Devas Multimedia said an amount of over USD 30 million, which was held by global airlines body IATA on behalf of the AAI, has been seized by Devas Multimedia's shareholders following a Canadian court order New Delhi: The...
Surge in cases indicative of third Covid wave in India: Expert
Noting that in the major metro centres and the surrounding regions, the new variant of the virus is accounting for over 50 per cent of the fresh cases. The galloping increase in the number of Covid cases over the last one week is indicative of the third wave, as is...
Equity investors’ wealth jumps by Rs 4.76 trillion in first 2 trading days of 2022
"If the FII buying yesterday is an indication of their renewed interest in India, financials particularly the leading banks, are likely to continue the momentum witnessed yesterday," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services In...
Omicron cases are hitting record highs, but now may have a silver lining
The data, some scientists say, signal a new, less worrying chapter of the pandemic Several factors appear to have made the omicron variant less virulent, or severe, than previous waves of Covid-19. One factor is the virus’ ability to infect the lungs A string of new...
Jan 1 renewals: majority of placements were orderly,Guy Carpenter
Capacity was ample for many lines but more constrained for retrocession and some components of property, including loss-impacted lower catastrophe layers and aggregates.Capacity for cyber aggregates was also limited Emerging risk factors, including climate change,...
Investors want $2.5 bln in class action over Bayer’s Monsanto deal
The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, both institutional and retail, that had been filed with the district court in Cologne. This represents a significant jump from the 250-plus investors demanding damages of more...
Apple becomes first company to hit $3 trillion market value
The world's most valuable company is the first to reach the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music. Apple's march from $2 trillion to $3 trillion in market...
RBI releases framework for offline digital payments
The acquirer should incur all liabilities arising out of technical or transaction security issues at the merchant's end. The RBI emphasised that offline payments will be covered under the provisions of its limited customer liability circulars Mumbai: To push digital...
Census unlikely anytime soon as fear of 3rd wave of Covid looms large
The total number of districts in the country in 2011, when the last census was conducted, was around 640. India now has about 100 more districts The number of statutory towns stands at 4,657 -- up from 4,041 in 2011 and the number of census towns is 5,050 -- up from...
Covid-19: Centre allows WFH for 50% of its staff below under secretary-level
Central government officers/staff will have to follow staggered timing to avoid overcrowding in the offices, the order said New Delhi: The Centre has allowed 50 per cent of its employees below the level of Under Secretary to work from home amid rising coronavirus...