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Indian
MFIs’ assets under management likely to grow at 18-22% in FY2023: ICRA Report
"The growth rate in the AUM of NBFC-MFIs is estimated to improve to...
Sebi comes out with new disclosure format for abridged prospectus
Under the revised format, a company will have to disclose about...
Health Minister Mansukh Mandaviya launches Intensified Mission Indradhanush 4.0
Union Health Minister Mansukh Mandaviya Mandaviya informed ``a...
ICICI Lombard partners with Airtel Payments Bank to offer ‘Cyber Insurance’ to customers
Airtel Payments Bank customers can purchase this cyber insurance...
International
Russia vaccine roll-out plan prompts virus mutation worries
Sputnik-V’s developers, as well as financial backers and Russian authorities, say the vaccine is safe and that two months of small-scale human trials have shown that it works.
But the results of those trials have not been made public, and many Western scientists are sceptical, warning against its use until all internationally approved testing and regulatory hurdles have been passed.
Japan ship deviated from shipping lane before Mauritius impact, data shows
It was not immediately clear why the ship appeared to deviate from its course. Tracking data for other cargo vessels passing close to Mauritius recently show them all sticking to the shipping lane.
The Mauritius coast guard had repeatedly tried to reach the ship to warn it that its course was dangerous but received no reply, Reuters reported this week.
China govt-backed class actions take aim at corporate fraud – with limits
Under the new litigation process, either the courts or a regulator must find that a company has broken the rules, or the company must admit wrongdoing, before a class-action lawsuit can be launched.
In addition, class-action suits launched by individuals, not the CSISC, can only include investors who opt in, reducing the number of plaintiffs and the size of the claim.
Insurer AIA’s new business drops 37% in first-half as pandemic hits sales
Insurers across the world have been hit by pandemic-related claims including for travel, business interruption and event cancellation, while economic slowdown and job losses have led to reduced demand for life insurance.
In Asia, insurance firms mainly rely on their army of agents for product sales, which have been dented by lockdown and social distancing measures put in place in various countries to contain the pandemic.
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