Indian

COVID-19 death toll rises to 109, number of cases to 4,067: Health Ministry

Apr 6, 2020

The highest number of confirmed cases is from Maharashtra at 690, followed by Tamil Nadu at 571 and Delhi at 503. The number cases in Telengana has gone up to 321, in Kerala to 314 and in Rajasthan to 253

Life Insurers will not cite “force majure’ for settling Covid-19 death claims

Apr 6, 2020

“The spiralling global and local impact of COVID-19 pandemic has emphasized the fundamental need for life insurance in every household. The life insurance industry is taking every measure to ensure that the disruption caused to policyholders, due to the lockdown is minimal, by providing them uninterrupted support digitally, be it for honoring death claims related to COVID-19 or for servicing their policy,” said Life Insurance Council Secretary General S N Bhattacharya.

Testing times for India in race to head off coronavirus epidemic

Apr 6, 2020

Testing had already doubled in the last two days from 5,000 samples a day, another health official said. “This is expected to reach 20,000 in the next three days and increase further over the next few weeks as per the plan,” the official said.

FPIs pull out record Rs 1.1 trn in March, highest withdrawal ever

Apr 5, 2020

Terming the fund outflow as “unparalleled”, Himanshu Srivastava, senior analyst manager research, Morningstar India, said that with fear over the degree of impact that Covid-19 could leave on the global economy, foreign investors stormed out of the emerging markets, with India among the worst hit.

“The intensity of the situation could be gauged from the fact that even during the financial crisis of 2008, FPIs sold net assets worth $9.3 billion in the Indian markets while in March 2020, they have been net sellers to the tune of USD 16.5 billion,” he added.

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