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India’s LIC emerges as the 3rd strongest and 10th most valuable global insurance brand in 2021

According to the latest report released by Brand Finance the total value of the world’s top 100 most valuable insurance brands has declined by 6 per cent, decreasing from $462.4 billion in 2020 to $433.0 billion in 2021

12 Chinese brands in ranking account for 30% of total brand value as brands leverage significant volume premium of Chinese market
US brands buck negative sector trends – 26 brands featured record 14% cumulative brand value growth year-on-year

Maha lockdown to be extended by 15 days beyond Apr 30: Tope

In view of the alarming rise in the COVID-19 cases, the Maharashtra government on April 4 announced a weekend lockdown and restrictions on the movement of people in the night during the weekdays till April 30.

The government had also clamped other restrictions like the closure of private offices, theatres and salons to curb the unprecedented surge in the cases.

Supply lines at risk as shipping containers topple over at alarming rate

The shipping industry is seeing the biggest spike in lost containers in seven years. More than 3,000 boxes dropped into the sea last year, and more than 1,000 have fallen overboard so far in 2021. The accidents are disrupting supply chains for hundreds of U.S. retailers and manufacturers such as Amazon and Tesla.

There are a host of reasons for the sudden rise in accidents. Weather is getting more unpredictable, while ships are growing bigger, allowing for containers to be stacked higher than ever before. But greatly exacerbating the situation is a surge in e-commerce after consumer demand exploded during the pandemic, increasing the urgency for shipping lines to deliver products as quickly as possible.

Can’t be mute spectator in national crisis, don’t intend to supplant HC cases on COVID-19: SC

There is a need for top court’s intervention on certain national issues as there might be matters related to coordination between states, it said.

“We are playing complementary role, if High Courts have any difficulty in dealing with issues due to territorial limitations, we will help,” said the bench, also comprising Justices L Nageswara Rao and S Ravindra Bhat.

EU asks if Aon rival Gallagher, others are right buyers for assets -sources

Earlier this month, Aon offered to sell assets in five European Union countries, Willis’ reinsurance arm and its German retirement benefits and consulting business, people with direct knowledge of the matter had told Reuters.

The package of concessions to the European Commission also included Willis’ insurance broking activities in France, including French unit Gras Savoye, as well as in Germany, Spain and the Netherlands.

Bankers call for more bang to Britain’s big finance fightback

Much is at stake given that Britain’s financial services sector employs 1.1 million people and raises about 75.5 billion pounds a year in tax, a figure which consultants PwC expect to ease in 2021 due to the City of London being effectively cut off from the EU, hitherto its biggest export market.

But many rule changes will need legislation, meaning they may not come into effect until 2022 or beyond.

Oil spill near China’s Qingdao port after ship collision in fog

The collision involving the anchored Liberia-flagged tanker A Symphony and the bulk vessel Sea Justice took place at 0850 local time (0050 GMT), A Symphony’s manager Goodwood Ship Management said in an e-mail.

“The force of the impact on the forward port side caused a breach in cargo tanks and ballast tanks, with a quantity of oil lost into the ocean,” Goodwood said, adding all of the crew had been accounted for and there were no injuries.

India adds over 3.60 lakh fresh COVID-19 cases in single day

Maharashtra, Delhi, and Uttar Pradesh are among the 10 states that account for 78.53 percent of the new COVID-19 deaths reported in a day, the Union Health Ministry said on Wednesday
Chhattisgarh, Karnataka, Gujarat, Jharkhand, Rajasthan, Punjab, Madhya Pradesh are the other states in the list of 10.

Maharashtra saw the maximum casualties (895). Delhi follows with 381 daily deaths. The fatalities further include 264 from Uttar Pradesh, 246 from Chhattisgarh, 180 from Karnataka, 170 from Gujarat, 131 from Jharkhand, 121 from Rajasthan, and 100 from Punjab.

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Targeted ransomware attacks grow 767%, India among top targets

“We’ll most likely see fewer and fewer widespread campaigns targeting everyday users. Of course, that’s not to say users aren’t still vulnerable,” said Fedor Sinitsyn, security expert at Kaspersky.

“However, the primary focus will likely continue to be on companies and large organisations, and that means ransomware attacks will continue to become more sophisticated and more destructive,” he added.