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Maserati eyes Tier-II, III cities to strengthen presence in India

While the affluence and wide reach of India’s metros cannot be ignored for growing top lines, Maserati APAC head Bojan Jankulovsk said “…we are seeing a new wave of demand coming from non-metro and Tier II cities as well – Lucknow, Kanpur, Indore, Bhopal, Mangalore, Chandigarh, Goa and many more.”

These cities have the “potential to continue providing sizable opportunities in the future too and are proving to be catalysts in spurring demand for super luxury brands”. An evolved customer base, coupled with higher disposable income, is leading to growth of these emerging markets, he added.

GIC Re shuts down Dubai branch, moves its MENA business to India’s GIFT City

.“Following a review of the branch operations, it has been decided to underwrite business emanating from the MENA region (both new and renewal), effective 3 July 2021, from Gujarat International Finance Tec-City,” GIC Re said in a letter addressed to all business partners on 5th August, signed by Balaji Thiagarajan, CEO, GIC Re, Dubai.
GIC Re said that it will continue to service the underwriting and claims run-off from business underwritten earlier from its Dubai office,

What happens if a far more lethal coronavirus emerges in pets?

At the moment, there’s no real reason to be concerned that infections in cats are a major problem. You’re at much greater risk from your family and friends with Covid than from their cats, although you should take normal hygiene precautions you use to reduce the risks of catching other diseases (such as toxoplasmosis) from cats.

There is currently no major risk from our pet cats and dogs that would justify specific control methods such as culling or quarantine. In the longer term, though, there is a concern about the appearance of new variants.

Bengal flood situation improves with decrease in rainfall, water receding

The district authorities have been instructed to keep adequate rations, medicines and clothes at the shelters and to be ready to tackle the outbreak of any water-borne diseases. At least 23 people died in the flood. A Damodar Valley Corporation official said it released 40,000 cusec of water from its barrages on Sunday.

Several places in Purba Bardhaman, Paschim Bardhaman, Birbhum, Paschim Medinipur, Hooghly, Howrah and South 24 Parganas have been affected by floods owing to heavy rain and overflowing rivers.

Indian bankers face legal risks as court rulings threaten over $6 billion in loans

Two rulings by India’s Supreme Court that threaten the repayment of loans totalling nearly Rs 50,000 crore ($6.73 billion) to some of India’s largest banks
Any failure to recoup the money adds to stress in the banking sector, which is already dealing with an increased level of bad loans and reduced profits because of the impact of the pandemic.

No link found so far between menstrual disorders and COVID-19 vaccines, EU says ​​​​​​​

Menstrual disorders can occur for various reasons, from stress and tiredness to underlying medical conditions such as fibroids and endometriosis.
The EU agency stressed that benefits of J&J’s vaccine still outweighed any risks, adding that it had analysed 1,183 cases of dizziness and more than 100 cases of tinnitus to reach its conclusion.

Global Covid deaths estimated to reach 5.3 million by December

There have been almost 4.3 million deaths from Covid-19 globally since the start of the pandemic, according to the World Health Organization.

The delta variant is associated with viral loads that are more than 1,200 times higher in newly infected individuals compared with the original coronavirus strain, which means that delta can spread as easily as chickenpox.

HC seeks Delhi govt, IRDA stand on plea against insurance co not paying full claim on Covid death

The plea further sought to direct the IRDA to take strict action against the insurance firm for violating its guidelines, framed for insurers to include the expense incurred on hospitalization and treatment of COVID-19 patients, and to ensure its compliance so that no insurer may escape from their liability of making payment.

India gave priority to poor in its strategy to combat COVID-19 crisis: PM Modi

He noted that over 80 crore citizens have been provided free ration after the COVID-19 started in the country.

“Not just wheat, rice or pulses but over 8 crore poor families were even provided free gas cylinders during the lockdown. Over 20 crore women received around Rs 30,000 crores directly in their Jan Dhan bank accounts,” the Prime Minister stated.

Railways invites bids for hydrogen fuel-based tech for trains

“The retrofitting of diesel-powered DEMU and converting it into hydrogen fuel-powered train set will not only save the cost to the tune of Rs 2.3 crore annually by converting from diesel to hydrogen, but also save the carbon footprint (NO2) of 11.12 kilo tons per annum and particulate matter of 0.72 kilo tonnes per annum,” the statement said.

Record-breaking winter winds have blown old Arctic sea ice into the melt zone

Recent research using the newest generation of climate models projects that the coverage of sea ice at the September minimum will fall to conditions recognised as ice free around 2035. Since the beginning of the satellite record in 1984, the coverage of perennial ice has roughly halved, and this downward trend will continue.