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Indian
Passenger vehicles sales dip 19 pc in Nov as chip shortage woes continue: SIAM
''Industry continues to face headwinds due to global semi-conductor...
Jhunjhunwala-backed Star Health shares recover after muted debut; settle with marginal gain
"Considering the undersubscription of the issue, the flat listing...
Bird flu cases detected in Kerala’s Alappuzha
The District Administration banned the use and sale of eggs, meat...
Imports made up 86 pc of India’s gold supply between 2016-2020; will be stronger in 2022: WGC
Bullion banking is a catalyst for change in India's gold market...
International
Pandemic to nearly wipe out growth in developing Asia in 2020 – ADB
Developing Asia, a group of 45 countries in the Asia-Pacific region, is expected to post growth of just 0.1% in 2020, the ADB said in a supplement to its Asian Development Outlook report issued in April, the slowest pace since 1961, before growing 6.2% next year.The updated forecasts show more damage to economies in developing Asia than estimates it released it April, which predicted 2.2% growth for the region in 2020.
Former head of China insurance regulator jailed for 11 yrs on bribe conviction
Xiang Junbo was accused of taking kickbacks worth 18.6 million yuan ($2.6 million) in exchange for help securing project contracts and other tasks, the Xinhua news agency reported.
The bribes he accepted are to be recovered and turned over to state coffers, Xinhua reported, adding that Xiang would not be appealing the verdict.
Nigeria’s Swiss Re backed life insurer sees sales surge as Pandemic take hold
“Health workers are demanding it, other state governments and municipalities that didn’t have it before are now looking at it differently,” Leadway Assurance Co. Ltd. Chief Executive Officer Tunde Hassan-Odukale said in an interview in Lagos. “People who were not doing group life insurance before, are now looking at it on a corporate basis.”
Sales of group life policies have jumped 10% this year and the trend is expected to continue with COVID-19 cases in Nigeria still on the rise, he said. This may help to counteract pressure on the firm’s retail business, where individual life policies could be hit by a slowdown in economic activity because of lockdown measures to curb the spread of the disease.
Cargo ship calls at Singapore hub plummet to 27-year low, marine fuel sales fall
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