Indian
RBI may increase minimum capital for a new universal bank to Rs 1,000 crore, no corporate ownership of banks
Bajaj Group, Piramal Group and Reliance Industries had shown...
PM Modi orders review of reopening on Omicron COVID concerns
Prime minister Narendra Modi After the World Health Organization...
India to allow regular international flights from Dec 15,restricted flights from ‘at-risk’ countries
As per the latest update, the Health Ministry has put countries in...
Sebi asks RTAs to publish investor charter, disclose complaint data on websites
Also, Sebi asked stock exchanges, depositories and clearing...
International
AXA’s Garance Wattez-Richard bags “Geneva Association Women in Insurance Award” for initiatives on underserved populations
Ms Wattez-Richard founded AXA’s Emerging Customers business in 2016. It now distributes insurance to 18 million customers across Asia, Africa and Latin America by engaging over 50 public- and private-sector partners in 10 countries. Among its successes, AXA protects 500,000 entrepreneurs in Egypt, 75% of whom are women, and partners with Airtel Payment Bank in India to protect 3 million customers.
Germany must stabilise social security system with cash injection: officials
U.N. warns of global mental health crisis due to COVID-19 pandemic
The UN report outlined action points for policy-makers to aim “to reduce immense suffering among hundreds of millions of people and mitigate long-term social and economic costs to society”.
These included redressing historic under-investment in psychological services, providing “emergency mental health” via remote therapies such as tele-counselling for frontline health workers, and working proactively with people known to have depression and anxiety, and with those at high risk of domestic violence and acute impoverishment.
French Mutual Covéa Scraps $9 Billion Purchase of PartnerRe from Exor
Under the original terms of the agreement with Covéa, Exor would have received an aggregate cash return of $3 billion from its purchase and disposal of PartnerRe, including dividends paid by the Bermuda-based group since 2016, Exor has said.
The MoU included a $175 mln penalty for Covéa to get out of the deal, according to a March report in the Italian daily newspaper Il Sole 24 Ore.
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