SIRC 26
Indian
Maserati eyes Tier-II, III cities to strengthen presence in India
While the affluence and wide reach of India’s metros cannot be ignored for growing top lines, Maserati APAC head Bojan Jankulovsk said “…we are seeing a new wave of demand coming from non-metro and Tier II cities as well – Lucknow, Kanpur, Indore, Bhopal, Mangalore, Chandigarh, Goa and many more.”
These cities have the “potential to continue providing sizable opportunities in the future too and are proving to be catalysts in spurring demand for super luxury brands”. An evolved customer base, coupled with higher disposable income, is leading to growth of these emerging markets, he added.
India needs low-cost capital to fuel green energy projects: Kant
Bengal flood situation improves with decrease in rainfall, water receding
The district authorities have been instructed to keep adequate rations, medicines and clothes at the shelters and to be ready to tackle the outbreak of any water-borne diseases. At least 23 people died in the flood. A Damodar Valley Corporation official said it released 40,000 cusec of water from its barrages on Sunday.
Several places in Purba Bardhaman, Paschim Bardhaman, Birbhum, Paschim Medinipur, Hooghly, Howrah and South 24 Parganas have been affected by floods owing to heavy rain and overflowing rivers.
Indian bankers face legal risks as court rulings threaten over $6 billion in loans
Two rulings by India’s Supreme Court that threaten the repayment of loans totalling nearly Rs 50,000 crore ($6.73 billion) to some of India’s largest banks
Any failure to recoup the money adds to stress in the banking sector, which is already dealing with an increased level of bad loans and reduced profits because of the impact of the pandemic.
International
Willis Towers Watson launches new software for IFRS 17
India among top 10 countries with higher climate performance: Report
“The new Climate Change Performance Index shows signs of a global turnaround in emissions, including declining coal consumption,” said Ursula Hagen, one of the authors of the index jointly presented by Germanwatch, NewClimate Institute and Climate Action Network (CAN).
“However, several large countries are still trying to resist this trend – above all the US. We see opportunities for a halt to rising global emissions – but much will depend on further developments in China and the elections in the USA. Both countries are at cross roads,” Hagen said.
Climate regulations could disrupt investment strategies
AXA XL appoints Stephen Nguyen as Client Management Leader, Asia
Craig Langham, regional hub leader, Asia Pacific- Insurance added: “Asia is fast evolving, with disruptive technologies and emerging risks impacting traditional business models. Clients now look beyond current risks to ensure they are prepared for the risks of tomorrow, and there have never been more opportunities for AXA XL to make a difference to our clients and brokers. Growing our client and distribution team is one of the ways that we demonstrate our commitment to the market”
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