Indian
CCI approves acquisition of 100 pc shareholding in Exide Life by HDFC Life Insurance
New Delhi: CCI approves acquisition of 100 pc shareholding in Exide...
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.
International
Markel International appoints Bo Yu as claims lead for Asia
In this role, Bo will be the first point of contact for all claims arising through Markel’s offices in Singapore, Hong Kong, India and Labuan. He will work closely with the extensive claims team across the Markel group, ensuring the best expertise is always provided to clients throughout the claims process. Bo will also help Markel better engage with its partners across the region by offering specific claims training as and when required.
WHO is investigating reports of recovered COVID patients testing positive again
World Bank forecasts worst economic slump in South Asia in 40 years
Other than India, the World Bank forecast that Sri Lanka, Nepal, Bhutan and Bangladesh will also see sharp falls in economic growth.
Three other countries – Pakistan, Afghanistan and the Maldives – are expected to fall into recession, the World Bank said in the report, which was based on country-level data available as of April 7.
In grim milestone, United States logs world’s highest coronavirus death toll
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