Welcome to My Blog
Here is a masonry blog layout with no sidebarGovt appoints SL Tripathy as CMD of United India Insurance
FSSAI asks e-tailers to delist non-dairy products claiming as dairy items
”Since a lot of such products are sold through e-commerce Food Business Operators (FBOs), FSSAI has instructed all e-commerce platforms to delist such products, which are reported to be in contravention to the regulatory provisions related to the application of dairy ‘terms’ from their online platforms, immediately,” it said.
The FSSAI has further directed that no such defaulting products listed on the online platforms are allowed for sale in the future as well.
Govt revises NLEM: Slashes prices of 39 commonly used medicines
Govt invites bids for second time from law firms for LIC IPO
The government is also mulling allowing foreign investors to pick up stakes in the country’s largest insurer. As per Sebi rules, foreign portfolio investors (FPIs) are permitted to buy shares in a public offer.However, since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation.
Marsh launches Flood Risk Index, Indonesia,Brazil,India,Russia and Mexico most vunerable
Over 2.2 billion people are exposed to flooding globally.1 Since 1980, over 4,500 flood disasters resulted in over $1 trillion in damages, accounting for 40% of natural catastrophe losses globally.
The five G20 countries with the largest shares of population and economic assets exposed to flooding are:China,India,Argentina,Russia,Germany
In the event of flooding, the five G20 countries where people and economic assets are most vulnerable to harm are:Indonesia,Brazil,India,Russia,Mexico
OneWeb signs unveils insurance programme for its satellites
Marsh arranged a multi-launch insurance programme covering physical loss or damage to the remaining GEN 1 satellites and launch vehicles with a global panel of leading specialist insurers. The insurance programme underpins the next stage in the development of OneWeb’s global communications capabilities.
SCOR’s announces changes to its Group Executive Committee
Laurent Rousseau, Chief Executive Officer of SCOR, comments: “These internal promotions bear witness to the depth of SCOR’s talent pool and the strong competencies of our rising leaders. We are mobilised to accelerate the company’s profound transformation provided for in the “Quantum Leap” strategic plan and accelerate long-term value creation for all our stakeholders.”
India in need of 4.3 million more nurses by 2024 to meet WHO norms
Covid-19 jabs effective at reducing severe illness, hospitalisation: Lancet
They found that of more than 1.2 million adults who received at least one dose of either the Pfizer-BioNTech, Oxford-AstraZeneca, or Moderna vaccine, fewer than 0.5 per cent reported a breakthrough infection over 14 days after their first dose.
People most vulnerable to a breakthrough infection after their first vaccine dose included frail older adults, 60 years and older, and those living with underlying conditions such as obesity, heart disease, kidney disease, and lung disease, they said.
FSDC asks regulators to keep constant vigil on financial sector
It also discussed issues relating to management of stressed assets, strengthening institutional mechanism for financial stability analysis, framework for resolution of financial institutions and issues related to IBC, banks’ exposure to various sectors and government, data sharing mechanisms of government authorities, internationalisation of Indian rupee and pension sector related issues.
LIC picks up nearly 4 pc stake in Bank of India through open market transaction
Improve support for rising numbers living with dementia, urges WHO
After dropping below one, Covid R-value rises sharply to 1.17 in second half of August
When the second wave swept through the country between March to May, the R-value was 1.37 (between March 9 to April 21). From May 15-June 26, the R-value stood at 0.78. However, it slowly started increasing — it was 0.88 from June 20-July 7, 0.95 from July 3-22, 0.96 from July 24-27. It breached the value of 1.03 for the first time after the second wave during July 27-31. However, since then it has slowly started to decline.
Biological E gets nod for phase 2/3 clinical trial on children, adolescents
Indian insurance sector: Shakeout or promoter exits to happen?
According to Exide Industries, it has invested a total of Rs 1,679.59 crore in Exide Life, a wholly-owned subsidiary and in turn, gets a value of Rs 6,687 crore on the sale.
Exide Life is the second life insurance company to be sold after AMP Sanmar Life Insurance was sold to Reliance Life Insurance, now Reliance Nippon Life Insurance.
The general insurance sector saw stake sale/purchase last year. Paytm acquired Raheja QBE, HDFC Ergo acquired Apollo Munich, Sachin Bansal bought DHFL General Insurance, and Bharti Axa General was acquired by ICICI Lombard.
Maruti to recall over 180,000 vehicles to replace faulty electrical part
As a responsible corporate, keeping in mind customer safety, the company has announced to proactively undertake a recall of some petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6, MSI said in a regulatory filing.This is to inspect for a possible defect in 181,754 units of these models manufactured between May 4, 2018 to October 27, 2020. In the interest of customers, Maruti Suzuki has decided to voluntarily recall the affected vehicles for inspection/replacement of Motor Generator Unit, free of cost,” said the company.
ICICI Lombard gets final IRDAI nod for acquiring Bharti Axa, to be 2nd largest Indian general insurer
The merger of Bharti Axa General Insurance with ICICI Lombard General Insurance, had earlier got formalised in an all-stock deal, valued at €521 million(approximately Rs 4,200 crore).
The shareholders of Bharti AXA will receive two shares of ICICI Lombard for every 115 shares of Bharti AXA held by them as on the date as the scheme of arrangement is approved by the board of directors of ICICI Lombard and Bharti AXA.
he consolidated entity will have a market share of about 8.7 per cent on a pro forma basis in the non-life business,
Govt revamps incentives for autos to boost EVs, hydrogen fuel cells: Report
Auto parts makers, however, will get incentives to produce components for clean cars as well as for investing in safety-related parts and other advanced technologies like sensors and radars used in connected cars, automatic transmission, cruise control and other electronics, the sources said.
“The idea is to promote the development of technology that is currently not manufactured in India but is imported either because regulation demands it or customers want those features in their cars,” said the second source.