Health

Flipkart, ICICI Lombard and Digit Insurance come together to offer COVID-19 focussed health insurance

Indian News       Apr 10, 2020

  Bangalore: Flipkart, a domestic e-commerce marketplace, has announced that the health insurnace policies that distinctly cover COVID-19 offered by general insurers-ICICI Lombard and Digit Insurance- are now available on its platform.   These two group health insurance policies come with instant claim benefits and do not...

India says lockdown has spared it from overwhelming number of coronavirus cases

Indian News       Apr 09, 2020

NEW DELHI: The Indian government on Thursday claimed initial success in its fight against the coronavirus epidemic, saying it would have been hit with 820,000 cases by next week had it not imposed a nationwide lockdown.   The number of people infected with the virus stood...

Coronavirus impact on Swiss Re absolutely manageable,says official

International News       Apr 09, 2020

FRANKFURT:  Swiss Re is confident it can weather the storm of the coronavirus outbreak, an executive said.   The reinsurer has a strong balance sheet, prudent asset allocation and hedges on assets, Edi Schmid, Swiss Re’s Group Chief Underwriting Officer, said in comments embargoed for Wednesday.  ...

SC order for free Covid-19 testing may hinder fight,say experts

Indian News       Apr 09, 2020

NEW DELHI: A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a reduction in testing, already among the world’s lowest, said business leaders and health experts.   The concern is...

RBI says coronavirus has 'drastically altered' India's growth outlook

Indian News       Apr 09, 2020

  MUMBAI: The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth. “Prior to the outbreak of COVID-19, the outlook for growth...

Caronavirus Pandemic:Cases rise to 6,588 , death toll at 199

Indian News       Apr 09, 2020

  New Delhi: With over 500 fresh cases reported in last 24 hours, India's novel coronavirus cases surged to 6,588 , according to the Union Health Ministry data. As many as 199 deaths have been reported in India since the virus outbreak, according to the Union...

After virus fades, service industries may be changed forever

Facts       Apr 09, 2020

  WASHINGTON: For years, personal trainer Amanda Tikalsky didn’t have to worry much about her job. The U.S. economy’s record-breaking 11-year expansion offered security to service workers like her.   Then came the coronavirus, which closed the Milwaukee athletic club where she worked for 15 years. She...

Centre launches "iGOT" training module for frontline COVID-19 warriors

Indian News       Apr 09, 2020

  New Delhi: The Government of India has launched a training module for the management of COVID-19 named "Integrated Government Online training" (iGOT) portal on Ministry of Human Resource Development's (MHRD) DIKSHA platform for the capacity building of frontline workers to handle the COVID-19 pandemic efficiently.  ...

MF inflows at Rs 11,485 cr in March

Indian News       Apr 09, 2020

  Hyderabad/New Delhi: Inflows into equity mutual funds rose to Rs 11,485 crore in March, the highest level in a year, even as the market witnessed heavy volatility amid concerns over the impact of coronavirus.   Overall, the mutual fund industry witnessed a net outflow of Rs...

Global economy faces a $5 trillion hit due to Covid-19. That’s more than Japan’s GDP

International News       Apr 09, 2020

  London: The coronavirus pandemic is set to rob the global economy of more than $5 trillion of growth over the next two years, greater than the annual output of Japan.   That’s the warning from Wall Street banks as the world plunges into its deepest peacetime...

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