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Indian
IRDA panel recommends combi products with common tech platform
The committee feels that one of the options to ensure uniformity...
FinMin, Sebi to take call on relaxation in LIC meeting minimum public holding norm: DIPAM Secy
Under the Sebi's minimum public shareholding norms, listed entities...
LIC IPO price attractive; lot of growth potential: Chairman Kumar
More than the embedded value one should look at the value for new...
IRDA raises investment limit of insurers in financial sector companies to 30% from 25%
`The new higher limit will allow insurers to invest larger amount...
International
One in five COVID-19 patients develop mental illness within 90 days – Lancet study
People have been worried that COVID-19 survivors will be at greater risk of mental health problems, and our findings … show this to be likely,” said Paul Harrison, a professor of psychiatry at Britain’s Oxford University.
Doctors and scientists around the world urgently need to investigate the causes and identify new treatments for mental illness after COVID-19, Harrison said.
“(Health) services need to be ready to provide care, especially since our results are likely to be underestimates (of the number of psychiatric patients),” he added.
Global Markets: Risk assets cheer Biden win, dollar nurses losses
“The best opportunities now lie within segments of emerging markets, in particular China and North Asia. I believe earnings momentum and valuation put China in a very attractive risk/reward position.”
Chinese shares started higher with the blue-chip CSI300 index .CSI300 up 2.2% on hopes of better Sino-U.S. trade relations under Biden.
Buffett’s Berkshire suffers in Covid pandemic even as Apple boosts profit
Insurance profit fell 58% to $802 million, reflecting lower premiums at Geico, COVID-19, Hurricanes Laura and Sally, and lower income from investments as interest rates tumble.
Geico awarded drivers $2.5 billion of credits on policy renewals this year, and Berkshire said its accounting for those credits should hurt underwriting results through March 2021.
Biden seen reversing climate deregulation
Among his main accomplishments, Trump withdrew the United Stated from the Paris Agreement to combat global warming; replaced Obama-era rules meant to cut greenhouse gas emissions from power plants and drilling operations; reduced automobile fuel efficiency targets; downsized wilderness national monuments; gave permits to energy companies seeking to build oil pipelines; and proposed opening new parts of the Arctic, Pacific, and Atlantic oceans to drilling
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