SIRC 26
Indian
HDFC Life net profit declines 33 pc to Rs 302 cr in Q1 FY22
”In the quarter gone by, we witnessed a steep rise in death claims with peak claims in wave two at around 3-4 times of the peak claim volumes in the first wave. We paid over 70,000 claims in Q1.The gross and net claims provided for amounted to Rs 1,598 crore and Rs 956 crore, respectively. It appears that claims on individual business have peaked in June and expect them to normalise in the coming months with more people getting vaccinated and a fall in the absolute number of infections,” HDFC Life said on the impact of the pandemic on the business during the quarter.
Govt plans to complete LIC IPO this fiscal: Karad
31.13 lakh domestic air passengers in June, 47% higher than in May: DGCA
India reports 38,164 new COVID-19 cases, recovery rate reaches 97.32 pc
International
Fed’s Bullard sees cryptocurrencies shifting US financial system
Ebola outbreak declared international emergency by WHO
Boeing Creates $50M Crash Victims’ Fund
Harvard University invests in Litigation Finance Fund
Litigation finance has made inroads with law firms and litigants around the world, with investors committing an estimated $9 billion over the long-term to the growing industry, according to Bloomberg Intelligence. The funds, which have been knocked for fueling more lawsuits, pursue strategies from financing cases against corporations to providing cash advances to individual plaintiffs in exchange for a share of settlements.
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