Indian

Climate resilience will be crucial for India’s economic growth and energy transition: Report

Jul 21, 2021

According to the Global Climate Risk Index, India is the seventh most climate-affected country in the world. It is increasingly facing rising heat stress, which is weakening the Himalayan glacial mass, affecting monsoon patterns, and contributing to a higher incidence of droughts, storms, and floods.

Infosys reopens offices as India Inc eyes long road back to work

Jul 21, 2021

In its memo, Infosys said the country’s safety situation seems to be improving, with growing vaccination coverage.
Tata Consultancy Services Ltd, the country’s biggest outsourcer, said earlier this month that it hoped to vaccinate all its employees and their families by September.

“Recognizing that vaccination was our best bet to an early return to normalcy, we undertook a pan-India vaccination drive that began in May,” said Chief Executive Officer Rajesh Gopinathan, adding that 70% of the company’s staff had been fully or partially vaccinated so far.

Maruti crosses 50 lakh cumulative sales milestone in rural markets of India

Jul 21, 2021

Stating that rural markets have a very special place in the company’s business, he said, ”over the years, we have carefully studied the needs of this segment… We remain committed to delivering products and services that match the customer needs in rural India.” While the aspirations of upcountry customers are very similar to those at metros, they demand more attention and care, he added.

Property mkt to touch USD 1 trillion by 2030; number of people employed in sector to grow at 7 cr: Housing secy

Jul 21, 2021

The secretary said it is estimated that around 88 crore people will be living in urban areas by 2051 as against the current 46 crore, creating huge potential for real estate development.
Sharing the success story of RERA, he said around 67,000 projects and 52,000 property agents are registered under this law. More than 70,000 cases have been disposed of by the real estate authorities established under this law. All states, except West Bengal have implemented this law, he said, adding that the ministry has written to the state government regarding this.

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International

Insured losses for Typhoon Faxai estimated at $3B-$7B: AIR Worldwide

Sep 16, 2019

According to AIR, Typhoon Faxai surpassed Typhoon Higos for the strongest sustained wind speed at landfall in the region and tied with 1958’s Typhoon Helen for the lowest recorded central pressure. Faxai was comparable in strength to Typhoon Jebi, which devastated the southern Shikoku Island in 2018

Drone attacks strike major Saudi Aramco facility, oilfield

Sep 14, 2019

The plant has been targeted in the past by militants. Al-Qaida-claimed suicide bombers tried but failed to attack the oil complex in February 2006

Analysts see 2020 reinsurance price hikes due to catastrophes

Sep 12, 2019

However, as Hurricane Dorian ravages the Bahamas and bears down on the United States, Fitch, Moody’s and S&P Global said some rates could jump by much more than that

Total reinsurance capital at $559 bn in H1 2019, up 8% driven by strong investment markets: Willis Re

Sep 4, 2019

The largest component of this figure is the capital of the 36 reinsurance companies tracked in the Willis Reinsurance Index, which was up 11 per cent to USD 440 billion, principally due to falling bond yields and rising equity markets. The strong investment appreciation was a reversal of the trend noted in the year-end 2018 Reinsurance Market Report. Fresh capital backing the Convex start-up also contributed to the H1 2019 capital growth.

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