SIRC 26
Indian
Leading auto makers post double-digit sales growth in July
Similarly, Honda, Nissan, MG Motor, and Skoda also reported healthy growth in their sales last month leveraging on improved market mood amid prevailing lower coronavirus infection rate, despite supply constraints of semi-conductors.
The country’s largest carmaker Maruti Suzuki India’s (MSI) domestic sales increased by 39 percent to 1,41,238 units last month as against 1,01,307 units in July 2020, the company said in a statement.
‘Corona Kavach, Rakshak policies loss-making products’; insurers urge regulator for re-pricing
FPIs pull out net Rs 6,105 cr from Indian capital mkts so far this fiscal
FPI pulled out net investments worth Rs 11,308 crore from Indian equities in July.the outflow comes after net FPI investment in June stood at Rs 17,215 crore.
”What is encouraging during the first four months is the fact that the number of new investor registrations in India is up 2.5 times year on year as per data released by the NSE,” said S Ranganathan, head of research at LKP Securities.
GOQii plans $ 75-100 mn fundraising; sees sustained interest around preventive healthcare
GOQii is into wearable-based smart-tech-enabled fitness and healthcare, and its platform brings together preventive healthcare ecosystem. The smart health ecosystem integrates tools for personalised coaching, a high-growth health e-commerce store, scheduling health check-ups, a health locker, and the ‘GOQii Cash’ programme where healthy behaviour is rewarded with cash discounts and insurance discounts based on health management data.
GOQii Smart Healthcare’s marquee list of investors include Mitsui, NEA, Megadelta, DSG Consumer Partners, Galaxy Digital, Denlow Investment Trust, Edelweiss, Cheetah Mobile, GWC, and corporate leaders like Ratan Tata, and Vijay Shekhar Sharma.
International
Q3 non-life ILS capacity at near-record high of $27.3 billion:Willis Re
The ILS sector has reached a dynamic equilibrium and is well positioned for growth. Alternative capital in all its forms is clearly growing again, notwithstanding the losses and related loss creep of the past several years. This rising tide will not raise all ships, however. Some managers, sectors, and strategies have outperformed, and are now benefitting as a result, while others remain under stress
India pulls out of RCEP, paves way for 15 nations to sign China-backed deal
India conveyed its decision to exit the Regional Comprehensive Economic Partnership, or RCEP, foreign ministry official Vijay Thakur Singh told reporters in Bangkok on Monday. Prime Minister Narendra Modi highlighted that he was guided by the impact it would have on the lives and livelihoods of all Indians, especially vulnerable sections of society, she said.
Suit against Facebook alleges age, gender bias in financial services ads
U.K. bans fracking on concerns about Earthquake Risk
Pressure from large-scale environmental protests and widespread public opinion has damped the enthusiasm for the fossil fuel as the U.K. strives to put more climate friendly policies in place. But the industry isn’t giving up. Lobby group U.K. Onshore Oil and Gas plans to demonstrate that companies can operate safely and in an environmentally friendly manner.
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