Indian

Axis Bank gives approval to reclassify Oriental Insurance Co as public category shareholder

Sep 15, 2021

The bank said it received a request from OICL dated September 7, 2021, holding a 0.16 per cent stake in the bank, to reclassify it from promoter to public shareholder.

India reported 11.8% rise in cyber crime in 2020; 578 incidents of ‘fake news on social media’: NCRB Data

Sep 15, 2021

In terms of motive, the maximum 60.2 per cent cyber crimes lodged in 2020 were done for fraud (30,142 out of 50,035 cases), the NCRB, which functions under the Ministry of Home Affairs, stated.

Discussion on pricing of Zydus Cadila’s COVID-19 vaccine going on, decision soon: Dr VK Paul

Sep 14, 2021

According to sources, ZyCoV-D, a needle-free coronavirus vaccine, is likely to be available by early October. It is the world’s first plasmid DNA vaccine for Covid-19.

It’s a three-dose vaccine that will be administered on day zero, day 28, and day 56. The vaccine has been approved to be administered to adolescents between ages 12 and 18.

India needs $8 trn new greenfield assets to be $5 trn economy by FY27: Report

Sep 14, 2021

The report by Deloitte said despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy.

In FY2020-21, FDI inflows (including equity, re-invested earnings, and capital) amounted to a record USD 81.72 billion, 10 per cent higher than the previous financial year, it said.

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International

Coronavirus tally may be the tip of the iceberg as sick go untested

Mar 14, 2020

“Diagnostic testing algorithms that only test a small proportion of people who are likely to be Covid-19 is not the way forward in this epidemic,” said Michael Ryan, head of the WHO’s emergencies program.

Generali, other Italian companies rush to provide funds for virus emergency

Mar 14, 2020

Generali said it would create an extraordinary international fund of up to 100 million euros ($112 million) to help countries facing the coronavirus emergency.

Coronavirus: Saudi Arabia extends travel ban to EU, 12 nations including India

Mar 14, 2020

The travel ban excludes Indian and Filipino medical practitioners working in the Kingdom, taking into account the necessary and required precautions, the report said.

China non-life insurers see big drop in car accident claims in Coronavirus silver lining

Mar 13, 2020

Motor insurance accounts for about three quarters of Chinese non-life insurers’ business while health insurance – where virus-related claims would fall under – accounts for less than 5%, according to Swiss Re.

In contrast, for the non-life insurance sector globally, motor and health insurance each account for about a third of premiums.

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