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Indian
SBI Life Q1 profit slumps 43 % to Rs 220 crore on higher Covid claims payout
Decommissioning coal power plants older than 25 yrs can save Rs 37K cr: Study
The CEEW study also recommends considering 30 GW of India’s coal-based (power generation) capacity for accelerated decommissioning.In fact, it stated that relegating these inefficient plants would additionally result in a one-time saving of Rs 10,000 crore (USD 1.37 billion) on account of avoided pollution control retrofits.
Govt’s net tax collection rises 86% to Rs 5.57 trillion in first quarter
Global insurance recovery will be faster, stronger than in 2008: Swiss Re
Writing new policies was more difficult in 2009 and 2010 when insurers were reeling from capital losses, slow economic growth and depleted incomes of companies and individuals.
In contrast, businesses and individuals now have more money from government stimulus and support programs, and are more conscious of the need to buy protection against risks, he added.
International
IndiGo places firm order for 300 A320neo family aircraft
TMK launches Cyber Ctrl in Asia
US equity outflows to cash, bonds biggest since 2008: Goldman Sachs
Just like this year, corporate demand will be the top source of US equity buying in 2020, Goldman projected. While buybacks may drop, net demand is still seen as strong thanks to diminished initial public offerings and a rise in cash-based mergers and acquisitions. Households and foreign investors will also be net buyers, while pension funds keep whittling down their allocation, as they have since 2009, Goldman said.
Hong Kong unrest insurance claims at around $77 mn
Unrest in Hong Kong has led to damages of various mainland China-linked entities, most notably local rail operator MTR and lenders such as Bank of China. The $77 million insurance claim surpassed the $41 million linked with the SAR (severe acute respiratory syndrome) epidemic in 2003, according to the Hong Kong Federation of Insurers.
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