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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.

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.

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.

India records 47,092 new COVID-19 cases, biggest daily rise in 2 months

“With cases rising in Kerala, adequate steps should be taken to contain the inter-state spread of COVID-19,” Health Minister Mansukh Mandaviya said in a statement after speaking with his state counterparts in Tamil Nadu and Karnataka, which border Kerala.

He asked them to increase vaccination in the districts close to Kerala. India has so far administered 662 million doses, with at least one dose in 54% of its 944 million adults and the required two doses in 16%.

What can employers do if workers avoid COVID-19 vaccines?

At Delta Air Lines, unvaccinated employees on the company health plan will be charged $200 a month to help cover costs for possible COVID-19 hospital stays.

Symons said other employers will more likely add smaller charges of $20 or $25 per paycheck that might be refunded once the employee is vaccinated.

Surging collision risks Satellite and Space Debris force insurers to exit satellite coverage market

Space coverage has been a lucrative niche for insurers, which took in $475 million in gross premiums to cover satellites, rockets and unmanned space flights last year and paid just $425 million in losses, according to Seradata.

Space premiums are 10-20 times aviation premiums, said Peter Elson, CEO of insurance broker Gallagher Aerospace.

Only 11 spacecraft have suffered a partial or total failure due to suspected debris strikes over the past decade, according to Seradata, making insurer worries largely theoretical for now.

Yet because insurers predict risks over the life of current and future policies, space underwriters fret over doomsday scenarios years ahead.

German companies not allowed to check on employees’ vaccine status

But Germany has strict data privacy laws because of its history of Nazi and Communist state surveillance of citizens, meaning that companies have no right to find out about health issues relating to their staff.

German businesses have been pushing to be able to ask staff about vaccination and the government is trying to get more people to get the shots as infections rise again. Almost 61% of the population has had both shots and 65% at least one.

Health Ministry partners with Google to enhance people’s access to COVID-19 vaccine

Starting this week, for over 13,000 locations across the country, people will be able to get more helpful information about vaccine availability and appointments — powered by real-time data from the CoWIN APIs (application programming interfaces). This includes information such as availability of appointment slots at each center, vaccines and doses offered (dose 1 or dose 2), expectations for pricing (paid or free) and the link to the CoWIN website for booking.

The above information will automatically show up when users search for vaccine centres near them, or in any specific area – across Google Search, Maps and Google Assistant.

Number of people with dementia set to jump 40% to 78 mln by 2030 -WHO

Only one in four countries has a national policy in place to support dementia patients and their families, it said, urging governments to step up to the public health challenge.

“Dementia robs millions of people of their memories, independence and dignity, but it also robs the rest of us of the people we know and love,” said Tedros Adhanom Ghebreyesus, WHO director-general.