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Indian
LIC’s mega IPO may hit the street in March
Maha: Over Rs 348 cr paid to cyclone Nisarga-hit in Raigad
624 doctors died due to COVID-19 in second wave: IMA
Economy hit by COVID-19 second wave to start recovering from July, says Chief Economic Advisor
Commenting on the stock market situation in the country, he said that the stock market is at a record high as investors believe that the Indian economy will do well.
The CEA said that the prediction of good economic growth and investment by developed nations in the Indian stock market has led the market to a record high.
International
Boeing defends 737 safety as first U.S. lawsuit filed over Lion Air crash
Investigators believe an erroneous sensor prompted a computerized safety system to aggressively push the jet into a dive as pilots were trying to deal with multiple malfunctions. Boeing and U.S. aviation regulators are considering whether to add a software fix to the 737 Max. Three U.S. pilots’ unions have raised concern about what they say is a lack of information provided by Boeing on the safety system
U.S. Residential Solar Projects Turn to Output Insurance
Willis Towers Watson launches benchmarking service to help insurers improve claims handling & profitability
Tom Helm, Head of Claims Consulting at Willis Towers Watson, said: “Data and analytics have transformed many areas of the insurance industry, but it has been slower to adapt than other financial services, such as banking and retail. This is changing as the claims process in the insurance market finds itself increasingly under the spotlight, with more insurers recognising claims as an investment opportunity to help gain competitive advantage, market differentiation and increased customer loyalty.”
Draft Brexit deal ends Britain’s easy access to EU financial markets
Britain’s decision to leave the EU has undermined London’s position as the leading international finance hub. Britain’s financial services sector, the biggest source of its exports and tax revenue, has been struggling to find a way to preserve the existing flow of trading after it leaves the EU.Many top bankers fear Brexit will slowly undermine London’s position. Global banks have already reorganized some operations ahead of Britain’s departure from the European Union, due on March 29.
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