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Indian insurance sector: Shakeout or promoter exits to happen?

by AIP Online Bureau | Sep 3, 2021 | Indian News, Life

Mixed views were expressed by insurance industry officials to whether a shakeout or promoter exits in the Indian insurance sector are on the cards, as HDFC Life Insurance Company Ltd on Friday announced the acquisition of Exide Life Insurance Company Ltd for Rs 6,687...

Biological E gets nod for phase 2/3 clinical trial on children, adolescents

by AIP Online Bureau | Sep 3, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi: Biological E has received approval for conducting phase II/III human clinical trial of COVID-19 vaccine candidate Corbevax on children above five years and adolescents, the Department of Biotechnology (DBT) said on Friday. Corbevax, an RBD protein sub-unit...

After dropping below one, Covid R-value rises sharply to 1.17 in second half of August

by AIP Online Bureau | Sep 3, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

  The R-value which reflects how rapidly coronavirus pandemic is spreading, has sharply risen close to 1.2 over the last fortnight, mainly driven by cases in states like Kerala and Maharashtra, say researchers. The R-value calculated between August 24-29 stood at...

Improve support for rising numbers living with dementia, urges WHO

by AIP Online Bureau | Sep 3, 2021 | Eco/Invest/Demography, Facts, Health

  More than 55 million people globally are living with dementia, and that number continues to grow, according to a new UN health agency report launched on Thursday, which notes that only one-quarter of the world's countries have national policies,...

LIC picks up nearly 4 pc stake in Bank of India through open market transaction

by AIP Online Bureau | Sep 3, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life

  MumabI: State-owned Bank of India on Friday said LIC has picked up nearly 4 per cent equity shares of the bank through an open market transaction a day earlier. LIC has picked up nearly 3.9 per cent (15,90,07,791 shares) of the bank through open market...

FSDC asks regulators to keep constant vigil on financial sector

by AIP Online Bureau | Sep 3, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

  New Delhi: The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Friday discussed a host of issues concerning the economy and underlined the need for keeping a continuous vigil on the financial sector by the government as well as different...

Covid-19 jabs effective at reducing severe illness, hospitalisation: Lancet

by AIP Online Bureau | Sep 3, 2021 | Facts, Health, Non-Life, Pandemic

  People infected with the SARS-CoV-2 virus after receiving one or two COVID-19 vaccine doses have significantly lower chance of severe disease or hospitalisation than unvaccinated individuals, according to a large-scale study published in The Lancet Infectious...

India in need of 4.3 million more nurses by 2024 to meet WHO norms

by AIP Online Bureau | Sep 3, 2021 | Facts, Health

NEW Delhi: India is in need of 4.3 million more nurses by 2024 to meet WHO norms, nursing and midwifery professional organisations said, underlining the importance of stepping up investments and promoting inclusiveness in decision-making to address shortage in the...

SCOR’s announces changes to its Group Executive Committee

by AIP Online Bureau | Sep 3, 2021 | International News, Reinsurance

  Paris: SCOR today announces changes to its Group Executive Committee that reflect the importance of transformation and sustainability in the next phase of its strategic development. All internal promotions, these changes highlight the group’s deep talent...

OneWeb signs unveils insurance programme for its satellites

by AIP Online Bureau | Sep 3, 2021 | International News, Non-Life, Reinsurance, Technology

London: OneWeb, the low Earth orbit (LEO) satellite communications company, has signed an insurance agreement for an aggregate insured value of more than $1 billion through Marsh, the world’s leading insurance broker and risk advisor. Marsh arranged a...
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