SIRC 26
Indian
Over 90 pc Indian business leaders feel pandemic pressed need to improve crisis mgmt capability: Study
Puneet Garkhel, Partner and Leader, Forensics Services, PwC India, said that operations and supply chain, finance and liquidity, and workforce are the three areas in which Indian businesses experienced ”significant” or ”critical” impact owing to the pandemic. ”Indian businesses that have survived and even thrived, through this period have several significant foundational strengths in common with the most critical being a dedicated crisis response team with a fit-for-purpose response strategy, aligned to their organisation’s goals and purpose,” said Garkhel.
Govt launches Rs 7,270 cr scheme for road safety in 14 states
WPP settles with US SEC charges of bribery in India, other FCPA violations; to pay $19 mn to watchdog
Issuing an order after accepting WPP’s offer to settle the matter, the Securities and Exchange Commission (SEC) said the bribery scheme took place at a WPP’s majority-owned subsidiary in India, which through intermediaries paid as much as a million dollars in bribes to Indian officials to obtain and retain government business.
Provide free cancer treatment to Bhopal gas tragedy victims: HC tells MP govt
International
EU states step in where trade credit insurers fear to tread
Without insurance, companies can be reluctant to buy or sell goods or services to others, with a rise in insolvencies expected among European firms forced to halt operations due to lockdowns aimed at slowing the coronavirus pandemic’s spread.
Atradius, which like rivals Coface and Euler Hermes sells protection to companies against the risk of default by their customers, forecasts a 2.1% rise in insolvencies in western Europe this year, compared with a 0.2% fall in 2019.
Apr1 renewals:Indian market sees Covid-19 exclusions,buyers suffer risk losses,says Willis Re
Trump says coronavirus guidelines may get tougher; 1 million Americans tested
President Donald Trump said on Monday that federal social distancing guidelines might be toughened and travel restrictions with China and Europe would stay in place as he urged Americans to help fight the coronavirus with tough measures through April.Trump, speaking to reporters at the White House, said more than 1 million Americans had been tested for the coronavirus, which he called a milestone.
“$35-bn liability in June quarter over COVID-19: Airlines” body
“On top of unavoidable costs, airlines are faced with refunding sold but unused tickets as a result of massive cancellations resulting from government-imposed restrictions on travel. The second quarter liability for these is a colossal $35 billion. Cash burn will be severe,” the International Air Transport Association (IATA) said on Tuesday.
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