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Here is a masonry blog layout with no sidebarCognizant inks $95 mn deal with US shareholders over India bribery charges
‘Everyone is scared’: Govt’s criticism of Infosys, Tata worries India Inc
In India, safeguarding domestic businesses has been Modi’s priority. While government or RSS criticism of foreign businesses like Amazon and Monsanto is common, local businesses are rarely caught in the crossfire.
But the latest events have raised concerns among business leaders about whether Modi is now taking a hardline approach towards domestic giants as well, five industry sources said.
One venture-capital executive said the criticism was akin to “harassment” of businesses and risks souring investor sentiment.
Reinsurance outlook changes to stable as sector raises prices amid economic recovery:Moody’s
Price increases will drive stronger earnings for reinsurers through 2022 amid the post-pandemic economic recovery
Capitalization remains solid with solvency ratios well above regulatory thresholds
Uncertainty over Covid liabilities has diminished although pandemic-related claims continue to affect earnings for some large multiline reinsurers in 2021, driven by higher than expected mortality claims. The pandemic has caused reinsurers to take a more prudent stance towards systemic risk management, including communicable disease, cyber events and climate change.
First Policy Insurance Brokers acquires Amicus Insurance Brokers
Internet and smartphones are damaging wellbeing of people: Study
Abdullah Al-Rashid, Director of Ithra’s Digital wellbeing program says: “As an organisation dedicated to individual enrichment, we at Ithra want to understand the cultural impacts of mankind’s growing reliance on the internet and social media. Unfortunately, our research shows that half of all people believe over-reliance on these platforms is damaging their wellbeing. This is why we are launching Sync – a new initiative designed to raise awareness about digital wellbeing, support novel research in partnership with global entities, and unite thought leaders globally to find new ways to protect the public.”
UK PM Johnson to hike taxes to pay for social care
Johnson wants to raise the National Insurance (NI) tax paid by around 25 million working people to subsidize care for pensioners, including wealthy retirees, according to British media.
In 2019, Johnson said he had a plan for social care and promised to prevent the elderly from having to sell their houses to pay for care.
Global bodies join hands to launch 500 actions to reduce environmental health burden
Environmental pollution and other environmental risks cause 24 per cent of deaths through, for example, heart disease, stroke, poisonings, traffic accidents, and others, all of which could at least be substantially reduced, if not eliminated, through bold preventive action at national, regional, local and sector-specific levels.
Air pollution alone leads to 7 million deaths each year, while climate change is expected to contribute increasingly to a broad range of health impacts, both directly and indirectly through effects on biodiversity.
Hyundai to go electric for its new commercial vehicle by 2028
Further underscoring its pioneering commitment to clean sustainable energy for all types of mobility, the Group unveiled unprecedented plans that will see the electrification of all new commercial vehicle models – featuring fuel cell electric or battery electric powertrains, as well as the application of fuel cell systems – to all models by 2028. The daring strategy will put the Group at the vanguard of the commercial vehicle sector, in the process helping to reshape the industry and realize a sustainable clean future.
Organisations in India project 9.4 pc salary increase in 2022: Aon survey
”This is a strong indication of financial health and buoyancy in the economy. There is a clear uptick, from 6.1 salary increase in 2020, we have gone up to 8.8 per cent actual in 2021 and the projected salary increase for 2022 is 9.4 per cent, which is at par with the pandemic number that we had seen in 2018 and 2019,” said Roopank Chaudhary, a partner in Aon’s human capital business.
The survey further noted that the pandemic has accelerated the digital journey for organisations and this has led to an unprecedented war for digital talent in the short term and is driving up salary increase budgets and attrition numbers across sectors.
Cairn accepts $1bn refund offer, to drop cases against India within days: CEO
G20 health ministers agree vaccine confidence measures
The member nations India, the United Kingdom, the United States, Argentina, Australia, Brazil, Canada, China, France, Germany, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey and the European Union agreed to work together to enhance timely global access to safe, affordable and effective COVID-19 vaccines, therapeutics and diagnostics.
Merkel says vaccinated aren’t ‘guinea pigs’
Vice Chancellor Olaf Scholz, whose center-left Social Democrats Party currently leads polls ahead of Germany’s September 26 elections, recently said that fully vaccinated people have been the guinea pigs for those who so far have held off. He added that he was vaccinated and others should follow.
Merkel, however, did not appear to agree with her deputy’s messaging in her Tuesday speech.
ICMR should act actions against private pathology laboratories for violating norm: Delhi HC
FADA warns of lacklustre festive season for passenger vehicles due to semiconductor shortage
”Auto dealers are facing the most challenging phase of their business career as COVID-19 after-effect continues to play spoil-sport. Until last year, when demand was a challenge, supply is becoming a bigger problem currently due to shortage of semiconductors, even though there is high demand for passenger vehicles,” FADA President Vinkesh Gulati said in a statement.
India ‘prepares for the worst’ ahead of possible COVID-19 third wave
Almost all states are readying special paediatric wards as some experts warn unvaccinated children could be vulnerable to any new virus mutations. States including Madhya Pradesh are also stocking up on anti-viral drugs such as Remdesivir.
But with a government survey estimating as many as two-thirds of Indians already have COVID-fighting antibodies through natural infection, and 57% of its adults with at least an initial vaccine dose, many health experts believe any new outbreak of infections could be much less devastating than the second wave.
Reopen schools or disaster looms, experts tell Indian authorities
Global re/insurance market to grow by 3% by 2023, Cyber, data analytics & AI key growth areas: Munich Re
“The digitalisation megatrend will radically change traditional insurance. It will give rise to new fields of risk in need of insurance solutions. With its numerous digital and innovation projects, Munich Re has laid the foundations for profitable growth going forward”, says Munich Re’s Board member Torsten Jeworrek.
Munich Re has kept the rising ransomware losses in its book of business readily manageable. In addition, price increases in a hardening market environment are producing a stabilising effect. Munich Re is adhering to its plan to grow profitably based on a current market share of roughly 10%.
Northwest, central and south-central India new hotspots of intense heatwave
Heatwaves have emerged as a deadly health hazard, claiming thousands of lives across the globe in recent decades, with episodes strengthening in frequency, intensity and duration in the past half-century in India as well.
This has caused severe impact on health, agriculture, economy and infrastructure. In such a scenario, it is extremely important to identify the most heatwave vulnerable regions of the country to prioritise immediate policy intervention and stringent mitigation and adaptation strategies, the Department of Science and Technology said.