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Indian
Equity MFs record Rs 1.64-trn net inflow in FY22 on strong SIP mop-up
Going ahead, we expect the growing inflow trends in equity mutual...
Private COVID vaccination centres can only up to Rs 150 as service charge on precaution dose
Serum Institute of India has cut the price of its Covishield...
Electric vehicle retail sales zoom over three-fold in FY22
Total EV sales had stood at 1,68,300 units in 2019-20 fiscal, it...
First case of Omicron sub-variant XE detected in Gujarat as elderly man from Mumbai found infected
The patient had tested positive for COVID-19 on March 12 during his...
International
Lloyd’s insurer Apollo to stop underwriting Adani coal mine from Sept. 2021
“We participate in one construction liability policy in respect of Adani Carmichael…this particular policy terminates in September 2021 after which we will no longer provide any insurance cover for this project,” chair of Apollo Syndicate Management Julian Cusack said in the memo.
“We have recently declined to participate in an additional policy relating to the port and rail extension and have agreed that we will not participate in any further insurance policies for risks associated with this project.”
Banks roll out robots as pandemic shakes up IT plans
Industry experts say the pandemic has focused bank executives’ minds when it comes to IT spend and more digitally savvy lenders will steal a march on competitors.
“There is a digital divide,” Jerry Silva, global banking research director at IDC said. “Sometimes I call it the predatory gap, because those banks are going to be able to steal market share from those that weren’t prepared prior to 2020.”
Under pressure, WHO plans COVID-19 vaccine insurance scheme for poor nations
The scheme is being set up by the promoters of the COVAX vaccine facility, which is co-led by the WHO and GAVI, a global vaccine alliance, a COVAX document published on Thursday said. COVAX aims to distribute at least 2 billion effective shots around the world by the end of next year.
The scheme could foot the bill for 92 low-income countries, mostly in Africa and South-East Asia, meaning their governments would face little or no costs from claims brought by patients, should anything go unexpectedly wrong after a COVAX-distributed vaccine is administered.
Typhoon Triggers Vietnam Landslides; 16 Dead
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