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Indian

No plan for IPO as of now, says Bajaj Allianz Life CEO

As of June, its overall AUM stood at Rs 77,270 crore, up from Rs 73,773 crore in FY21, which was only Rs 56,085 crore in FY20, said Tarun Chugh, managing director and chief executive at Bajaj Allianz Life.

He added that with clipping at 28 per cent in FY21, the company was the fastest growing large life insurer in the year.

Karnataka faces Zika virus scare too from Kerala, Maharashtra

“Considerable number of cases being reported from Kerala and one case reported from Maharashtra indicates that the vector control measures should be intensified in Karnataka, with special focus in the districts bordering Kerala, and Maharashtra, and in Bengaluru city,” the state Commissionerate of Health and Family Welfare Services said in a circular.

India’s chronic disease burden helped fuel Covid-19’s brutal waves

For years India has faced an escalating non-communicable disease crisis as its middle-class expands and leads a more sedentary and affluent lifestyle. That makes them susceptible to ailments such as diabetes and heart disease that account for almost two-thirds of all deaths in the country. Those existing conditions may have allowed the coronavirus to do more damage, boosting cases and fatalities and potentially fueling the near collapse of India’s health system.

National Health Authority teams up with IIT Delhi to strengthen India’s response to COVID-19 crisis

Through this partnership, the National Health Authority (NHA) will be a technical collaborator on the US Agency for International Development (USAID)-supported SAMRIDH Healthcare Blended Financing Facility, a statement by the NHA said.

SAMRIDH Healthcare Blended Financing Facility aims to catalyse market-based health solutions to improve access to affordable and quality healthcare services for low-income and vulnerable communities, particularly for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) beneficiaries.
IIT Delhi serves as the hosting entity for SAMRIDH. This initiative is implemented by a Technical Support Unit managed by IPE Global.

International

EU privacy regulators expected to raise fines under GDPR data protection rules

Regulators in France, Germany and Austria levied the biggest fines so far, while the Netherlands, Germany and the U.K. topped the list for the number of data breaches notified to their authorities, the survey by law firm DLA Piper found. France’s data protection commission, the CNIL, last January slapped Google with a 50 million-euro fine over transparency, information and consent failures.

China’s mysterious respiratory virus spreads to health workers, different countries

“The risk from this virus causing pandemonium has increased because it is spreading from different countries, and we are now seeing that it can be more easily transmitted from person to person,” said Sanjaya Senanayake, associate professor of medicine at the Australian National University. In comparison with SARS, he said, “the one good factor, I guess, at the moment seems to be the low mortality rate.”

Financial Services CEOs in Davos complain they can’t save planet without clients’ help

Financial companies are under pressure to retreat from funding industries including coal-fired power, and the European Union is working on a so-called taxonomy governing sustainable investments. Lawrence Fink, who runs BlackRock Inc., last week pledged to incorporate environmental concerns into the asset manager’s investment process for both active and passive products.

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