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Indian
India’s new bad bank with $27 billion pile of stressed debt look for investors
India records 50,040 new COVID-19 cases, Centre presents vaccination roadmap to SC
The active cases constitute about 1.94 per cent of the total cases. Around 32.17 crore vaccine doses have been administered so far under the country’s vaccination drive. 64.25 lakh doses were administered in the last 24 hours.
The government said besides these, over 7.84 crore doses have been administered to persons between 18 to 44 years of age.
“Total 44.2 per cent of the priority population of persons above 45 years of age and 13 per cent of the population group of 18-44 years of age have received the first vaccine dose,” the Centre said in its affidavit filed in the top court in the suo motu matter on COVID-19 management.
Phase 1 of Ola e-scooter factory nearing completion, rollout soon: CEO
The launch of the electric scooter is in line with Ola’s global vision of moving mobility into a more sustainable, accessible and connected future.
“The EV revolution is coming! From Karnataka in 2017 to Gujarat just this week, 21 states and UTs are now incentivising EVs to make them affordable. We’re committed to accelerating this with #OlaFuturefactory and our scooter that’s coming soon,” he had tweeted.
While the company is yet to disclose the pricing and specifications of its e-scooter, Ola has stated that it is working on setting up a ‘Hypercharger Network’ to include one lakh charging points across 400 cities.
After Air India, Cairn to target more Indian state-owned firms for recovery
A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the USD 1.2 billion plus interest and penalties that are due from the Indian government.
Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are ‘alter egos’ and the airline should be held liable for the arbitration award.
International
When hackers strike, property insurance may not offer protection
Many companies have long-standing property insurance policies that offer a payout if a cyberattack results in physical damage, but they may not cover financial damage. Many of those policies were bought years ago, before cyberattacks became almost routine, and the terms and conditions haven’t been updated, according to Lori Bailey, Zurich’s global head of cyber risk, talking about the overall market for cyber insurance. That creates uncertainty for insurers and policyholders.
UK, Australia warns against travelling to Sri Lanka, sees further attacks
Boeing drops 2019 outlook after 737 MAX crisis, sees $1 bn in extra costs
Fight against Floods enlists supercomputers, drones, sonar
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