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WHO’s Tedros concerned about ‘tsunami of cases’ from COVID-19 variants
Tedros Adhanom Ghebreyesus,director-general,WHO "Delta and Omicrom are now twin threats driving up cases to record numbers, leading to spikes in hospitalisation and deaths," said World Health Organization (WHO) director-general Tedros Adhanom Ghebreyesus GENEVA: The...
Economic momentum picking up, Omicron may derail growth: RBI
Admitting that inflation remains a concern as it is by the build-up of cost-push pressures, Das has called for stronger supply-side measures to contain food and energy prices Mumbai: Though the economy has steadily gained momentum and remained resilient since the...
LIC inaugurates `Digi Zone’ to sell policies online
Mumbai: Life Insurance Corporation (LIC) of India has set up a 'Digi Zone' as part of its effort to enhance its digital footprint. It was inaugurated by LIC chairperson M.R. Kumar on Wednesday. "LIC plans to undertake the next wave of digital transformation to unlock...
Ebb and flow: FPIs’ net investments cross Rs 51,000 cr in 2021; more likely in New Year
As the equities sizzled during most of 2021, that also saw economy slowly coming back into the recovery path, Foreign Portfolio Investors (FPIs) turned net buyers but their investment is much less compared to net inflows of Rs 1.03 lakh crore in 2020. And last year's...
Rain damage: TN urges Centre to release over Rs 6,000 crore assistance
''We have submitted so far, three memoranda seeking relief assistance from Government of India to the tune of Rs 1,510.83 crore for temporary restoration and Rs 4,719.62 crore for permanent restoration of damaged infrastructure like roads, bridges and public buildings...
Need of a policy on using the drone technology in the farm sector:Gadkari
New Delhi: Earlier, government had released a set of standard operating procedures (SOPs) for the use of drones in the farm sector, including for spraying pesticides as well as other soil and crop nutrients. New Delhi: Union minister Nitin Gadkari on Monday asserted...
Asia keeps Omicron variant at bay, but a surge may be inevitable
Omicron cases are mounting, and experts say the next few months will be critical. Those fears have been amplified by doubts about the effectiveness of the Chinese-made vaccines used in China and much of the developing world Once the pace picks up, its upsurge would be...
South Africa study suggests Omicron could displace Delta
While the authors found that neutralisation of Omicron increased 14-fold over 14 days after the enrolment, they also found that there was a 4.4-fold increase in neutralisation of the Delta variant Research by South African scientists suggests that Omicron could...
Government notifies new rules for direct selling industry, seeks to safeguard interests of consumers
Every direct selling entity shall establish a mechanism for filing of complaints by consumers through its offices or branches or direct sellers, either in person or through post, telephone, e-mail or website They should have a grievance redress officer to acknowledge...
LIC seeks bids for consultancy services for its digital transformation
The strategy drawn should be in line with LIC's business strategy with the aim of organizational growth, sustainable competitive advantage, increased productivity of intermediaries, creating a unique as well as best value for customers, according to the EoI document...
Tata AIA Life premium income rises 23 pc to Rs 5,255 cr in H1 FY22
The company's total assets under management (AUM) increased 38 per cent in H1 FY22 to Rs 51,704 crore from Rs 37,409 crore in H1 FY21 Mumbai: Tata AIA Life Insurance has reported a 23 per cent rise in its total premium income of Rs 5,255 crore for the first half of...
General insurers settle only third of claim amount due to natural calamities during FY21
Against a claim amount of Rs 2,559.10 crore due to these catastrophic events, the general insurers settled claims worth Rs 760.68 crore (27,576 claims), nearly 30 per cent the claims amount Claims worth Rs 1,705.52 crore are outstanding against a total of 3,428...
Govt inducts three insurers as part time members into BBB
The new members are Usha Sangwan, former MD, Life Insurance Corporation representing the life segment, A.V. Girija Kumar, former CMD, Oriental Insurance Company(OIC), for non-life, Sujay Banarji, former member,(Distribution), for re-insurance or actuarial science New...
ICICI Pru Life’s new term insurance plan to return 105% of premiums paid on maturity
Term plans with auto-adjusting life cover, basis changing life-stages, to suit customer’s requirements Option to take cover against 64 critical illnesses Mumbai: ICICI Prudential Life Insurance has launched an innovative term insurance product ‘ICICI Pru iProtect...
Govt says only Covaxin COVID-19 shot to be given to those aged 15 to 18
"This (Covaxin) is the only vaccine with emergency use listing for the age-group 15-18," the federal health ministry said on Monday An expert committee of India's drug regulator recommended emergency use authorisation for Merck's COVID-19 pill molnupiravir, and Serum...
Lloyd’s Asia launches new renewable energy consortium
The new consortium has been developed by Chaucer, Markel, and Munich Re Syndicate Ltd (MRSL) and has a maximum working capacity of USD100m per project It is expected that Asia Pacific will continue to outperform other regions as a market for the investment and...
Malaysia seeks U.N. climate adaptation funds amid deadly floods
Malaysia's National Adaptation Plan will focus on areas such as water, agricultural, and food security, public health, forestry, and infrastructure KUALA LUMPUR: Malaysia is seeking $3 million from the U.N. Green Climate Fund (GCF) to develop a national plan to adapt...
Gadkari asks automakers to start producing flex-fuel vehicles in 6 months
Nitin Gadkari, Union Minister for Road Transport & Highways "In order to substitute India's import of petroleum as a fuel…we have now advised the automobile manufacturers in India to start manufacturing flex fuel vehicles (FFV) and flex fuel strong hybrid electric...