SIRC 26
Indian
GIC Re’s net loss rises 38 % to Rs 771 cr in Jun quarter
GIC Re’s combined ratio, one of the key matrics indicating profitability of any re/insurer, is 123.36% for the quarter ended 30.06.2021 as against 112.16% for the corresponding quarter of the last fiscal ended 30.06.2020.GIC Re’s underwriting loss is Rs 2,811.17 crore for the quarter ended June 30, 2021, compared with Rs 1,771.38 crore for the quarter ended June 2020, it said
Maha July rains: Rs 2,500 cr loss to industrial units in Mahad, Chiplun
Manufactured products, machinery and raw material in industrial estates spread over 2,000 acres in Mahad and New Mahad were severely affected and the loss may be in the range of Rs 2,000 crore, while 50 of the 161 units in Chiplun industrial estate had suffered major damage, he said.
He said the rains had damaged roads and bridges in the industrial area, while water-logging in the MIDC office had soiled some documents, though efforts were on to ensure administration work was not hampered.
Indian Oil plans to install electric vehicle charging facility at 100 outlets in Maharashtra
Ajay Kumar Shrivastav,General Manager (Retail Sales),Indian Oil is planning to install nearly 100 electric vehicle charging facilities across the state by the end of this financial year.
”Five will be installed in the Marathwada region. Wherever needed, the charging guns will be upgraded from 15 KW capacities to 45 KW. If needed we can install a new facility also.”
Govt targets connecting all Indians through internet by 2025: Rajeev Chandrasekhar
International
The escalating costs of Australia’s wildfire disaster
The Insurance Council of Australia says 5,259 claims worth A$321 million ($224 million) have been lodged. Consultancy SGS Economics and Planning has estimated that Sydney’s economy loses as much as A$50 million each day it is blanketed with a toxic haze from smoke billowing in from the fires. An inquiry into the Black Saturday fires estimated the cost at A$4.4 billion.
A more dangerous world: Qassem Soleimani’s killing triggers global alarm
Airbnb insurance leader Langone becomes President for 2020
Germany aims to thwart African swine fever edging closer to borders
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