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Indian
India saw 125 extremely heavy rainfall events this Sept, Oct: IMD
New Delhi:India recorded 125 extremely heavy rainfall events during...
India’s Tata Sons selected as winning bidder for Air India – Report
India’s finance ministry said on Friday reports suggesting the government has picked a winning bid for the debt-laden state-run airline Air India were incorrect.
“Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect,” the ministry said in a tweet. “Media will be informed of the Government decision as and when it is taken.”
Panel of ministers accepted a proposal from officials recommending the salt-to-software conglomerate ahead of an offer from Ajay Singh, promoter of India’s airline operator Spicejet Ltd, the report said.
B C Patnaik takes charge as MD of LIC, new top team to oversee its IPO
The government in a major change, recently, had extended the retirement age of chairman of LIC to 62 and had given the current chairman MR Kumar, who was supposed to retire in June 2021, nine months of extension till March 2022.
Mohanty,59, is likely to succeed Kumar as the chairman of the corporation.
Flood-prone Mumbai digs in to tackle warming-worsened ‘monsoon mayhem’
Mumbai is part of the C40 Cities network, a group of nearly 100 major cities globally working to drive faster action on climate change. Each has committed to delivering a climate action plan designed to spur uptake of clean energy, boost adaptation to climate shifts and turn the 2015 Paris Agreement on climate change into an on-the-ground reality.
Mumbai launched its first Climate Action Plan (known as MCAP) this month. Amid dire predictions that large parts of the city could face inundation by 2050, it brings together different arms of the administration to try to fast-track solutions.
International
Top insurers face lawsuit from UK hospitality sector on rejected biz interruption claims
Any successful claim will hinge partly on whether the lockdown triggers a clause in business interruption policies designed for insured premises that cannot be used because of restrictions imposed by a public authority, experts say.
The Financial Conduct Authority (FCA) said earlier this month that most insurance policies bought by smaller British companies do not cover the coronavirus-related disruption, but that those that do should pay out quickly.
Insurers promote Federal Pandemic Insurance Plan to Congress
About 40% of small businesses have business interruption coverage, according to the Insurance Information Institute, an industry trade group.
While these policies may cover revenue losses from hurricane damage, lightning strikes or cars crashing into buildings, they either exclude or do not specifically cover a global pandemic, however much it may interrupt business.
AXA XL launches Remote Risk Dialogue, a virtual risk assessment
U.S. coronavirus deaths surpass Vietnam War toll as Florida readies reopening plan
As further evidence that caution may still be in order, an influential University of Washington research model often cited by White House officials and public health officials revised its projected U.S. coronavirus death toll upwards on Tuesday to more than 74,000 by Aug. 4, against its previous forecast of 67,000.
The model showed that while most states appeared to have reached the crest of the pandemic, seven others including Mississippi, Texas, Utah and Hawaii, may be just peaking now or in the coming weeks.
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