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Indian
LIC’s total premium for fiscal 2023 grew 17% to Rs 2.32 trillion
In terms of new business premiums collected, it continues to hold a...
G Srinivasan to join as a member of Agam’s Strategic Advisory Board
G Srinivasan, director, former CMD, New India Assurance Agam was...
HDFC Life Insurance shares end over 6 pc higher
In a regulatory filing on Friday, HDFC Life Insurance Company has...
I-T dept cracks down on Bajaj Allianz, ICICI Prudential amid wider probe on GST scam- sources
Tax authorities estimate that 16 insurance companies in all owe the...
International
IMF OKs big increase in funds to alleviate pandemic impact
Willis Towers mulls sale of reinsurance unit after halting merger
Reports this week suggested Gallagher was close to clinching a deal for Willis Re, but Willis Towers Watson Chief Executive Officer John Haley said he is considering wider possibilities.
“We’re conducting a review of strategic alternatives for Willis Re,” Haley told a conference call on Tuesday reporting on second-quarter results. While the timing was “appropriate” given the failed merger, he warned that a sale was not assured.
WHO calls for moratorium on booster COVID-19 vaccine shots until end of Sep
A small group of nations, including some in Europe, are planning additional shots for the fully inoculated even as the COVID-19 continues to infect and kill at alarming rates across the Global South, where vaccination levels remain “catastrophically low,” The Washington Post reported.
The report stated that the decision by wealthy countries to give booster shots to their own people rather than donating those doses to poorer countries is controversial. Health experts have called this move immoral.
U.S. automakers to say they aspire to up to 50% of EV sales by 2030 -sources
Automakers are spending tens of billions of dollars to speed EV adoption, even though U.S. EV sales outside Tesla Inc’s remain small. Consulting firm AlixPartners in June said investments in electric vehicles by 2025 could total $330 billion, a 41% increase from the firm’s comparable five-year investment outlook a year ago. As of now, electric vehicles represent about 2% of total global vehicle sales, and will be about 24% of total sales by 2030, the firm forecast.
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