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Indian
LIC’s 4 MDs battle out today for corporation’s chairmanship
The four MDs who are facing the interview are- Siddhartha Mohanty,...
PM Modi holds high-level review meeting on Covid, influenza situation, stresses on Covid-appropriate behaviour
Prime Minister Narendra Modi Modi directed officials to enhance...
New York Life buys Max Financial Services’ shares worth of Rs 94 cr
MFSL is the holding firm for Max Life Insurance company and New...
Right to Health Bill: Standoff continues between private doctors and Rajasthan govt
For logistical grievances, the state health authority will have 10...
International
Final settlement for Brazil’s Samarco dam disaster could reach $19 bln, governor says
That estimate is nearly four times higher than an initial deal struck with mining companies in 2016, which created a foundation to implement reparations and temporarily froze lawsuits relating to the incident. “The expectation is that the agreement is around 100 billion reais,” Romeu Zema, governor of Minas Gerais, told Reuters in an interview late on Friday.
Pandemic recovery to push emissions to all-time high – IEA
Spending plans for clean energy allocated by governments around the world in the second quarter of this year add up to $380 billion, making up just 2% of their total stimulus funds in response to the pandemic, the IEA said. The energy watchdog said the figure represented around a third of what it envisioned was needed to put the world on course to reach net-zero emissions by mid-century.
China puts controlling stake of revamped Anbang on the block for $5.2 bln
South Africa’s riots insurer in spotlight after days of Carnage
While some claims will be assessed by heavyweight insurers such as Old Mutual Group Ltd. and Santam Ltd., the bulk of the burden will fall to one company little known outside the country: Sasria Insurance Ltd.
Sasria, a state-owned firm with 8.5 billion rand ($591 million) in assets under management, was founded shortly after the Soweto uprising of 1976, when at least 176 people died in demonstrations led by school children against the apartheid government. The frequency and scale of political protests that followed prompted private insurers to stop offering cover to vulnerable businesses, and Sasria was crated to fill the void.
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