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Exide Life doubles its PBT at Rs 61 cr in 2020-21, expects 30 % growth in FY2021

by AIP Online Bureau | May 23, 2021 | Indian News, Life

  Bengaluru: Exide Life, an unlisted company fully owned by India's leading batteries maker Exide Industries, registered a profit before tax of Rs 61.2 crore in 2020-21 as against Rs 29 crore in the preceding year. In 2020-21, Exide Life registered 3.26 per...

Flying taxis to take to Europe’s skies by 2024, regulator says

by AIP Online Bureau | May 23, 2021 | Uncategorized

  PARIS: Europe could see the first flying taxis enter service as early as 2024, the region’s top aviation regulator said on Wednesday. More than half a dozen European firms have announced developments of Urban Air Mobility vehicles for passenger use or for...

CNA Paid $40 Million in Ransom After March Cyber Attack

by AIP Online Bureau | May 23, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge of the attack. The Chicago-based company paid the hackers about two...

Ship owner says Suez Canal was at fault over Ever Given grounding: Lawyer

by AIP Online Bureau | May 23, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The owner of a container ship that blocked the Suez Canal in March says the canal authority was at fault over its grounding as it disputes the vessel’s detention and a compensation claim, a lawyer representing the owner said on Saturday. The Ever Given, one of...

‘Yass’ will intensify into a very severe cyclonic storm on May 26: IMD

by AIP Online Bureau | May 23, 2021 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

  New Delhi: The low-pressure area which formed over the east-central Bay of Bengal on Saturday morning, has intensified into a depression on Sunday and by Monday morning, it will form a cyclone namely Yaas, informed the India Meteorological Department (IMD)...

AstraZeneca vaccine 80% effective against B1.617.2 variant: UK study

by AIP Online Bureau | May 23, 2021 | Facts, Health

  London: Two doses from either the Oxford/AstraZeneca or the Pfizer vaccine are over 80 per cent effective in preventing infection from the B1.617.2 variant of COVID-19, first discovered in India, a new UK government study has reportedly found. The...

More than 300 held for crimes exploiting Covid-19 crisis, says Delhi Police

by AIP Online Bureau | May 23, 2021 | Health, Indian News, Pandemic

  New Delhi: The Delhi Police has registered more than 600 cases and arrested over 300 people in connection with Covid-related crimes, officials said on Saturday. According to the data shared by police, 109 cases of alleged hoarding and black-marketing of oxygen...

Covid shots are all highly protective against death, study shows

by AIP Online Bureau | May 23, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

Current Covid shots provide a high level of protection against hospitalization and death, according to a summary of the efficacy of eight vaccines that showed the Pfizer Inc.-BioNTech SE jab may better at stopping at least two worrisome coronavirus variants. Efficacy...

Glaxo gets ready for next Pandemic

by AIP Online Bureau | May 23, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  GlaxoSmithKline Plc fell behind in the Covid-19 vaccine race, but now the drugmaker is working to make sure it’s on the front lines of the next pandemic. The British pharma giant is talking with the U.K. and other governments about building facilities to...

US ramps up surutiny of highly transmissible Covid variant first detected in India

by AIP Online Bureau | May 23, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Federal Health officials are ramping up their surveillance of the highly transmissible Covid-19 variant first identified in India as experts warn that under-vaccinated areas in the U.S. could become hot spots for the mutation. While U.S. cases attributed to the...
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