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Magma Fincorp to sell stake in insurance venture Magma HDI in Rs 525-cr deal

by AIP Online Bureau | Mar 17, 2021 | Indian News, Non-Life

Mumbai: Magma Fincorp will pare its shareholding in insurance venture Magma HDI by selling stake to ICICI Venture, Morgan Stanley PE, a Poonawalla Group firm and other entities in a Rs 525 crore-deal. Magma HDI is a joint venture between Magma Fincorp and...

Facebook to help 50 million people get vaccines, to add labels to fake posts

by AIP Online Bureau | Mar 17, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic, Risk Management, Technology

New Delhi: In an effort to help 50 million people get Covid-19 vaccines, Facebook CEO Marck Zuckerberg on Monday announced new tools, along with expanding efforts to address Covid-19 vaccine misinformation by adding labels to Facebook and Instagram posts that discuss...

Coronavirus variants likely evolved inside people with weak immune systems

by AIP Online Bureau | Mar 17, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic

The version of the coronavirus that surfaced in Britain late last year was shocking for many reasons. It came just as vaccines had offered a glimpse of the end of the pandemic, threatening to dash those hopes. It was far more contagious than earlier variants, leading...

EU regulator: Astra jab benefits outweigh risks

by AIP Online Bureau | Mar 17, 2021 | Eco/Invest/Demography, International News, Non-Life, Pandemic

  Amsterdam: Global health experts came under increasing pressure on Tuesday to clear up questions over the safety of AstraZeneca’s Covid-19 shot, as Sweden, Latvia, Portugal, Luxembourg and Cyprus joined countries suspending their use in a further blow to...

Men at higher risk of death than for women, chain smoking and heart disease primary reason

by AIP Online Bureau | Mar 16, 2021 | Eco/Invest/Demography, Facts, Health

LONDON: Men aged 50 years and above may have a significantly higher risk of death than women of the same age group, partly due heavier rates of smoking and heart disease in men, according to a large study of people in 28 countries. However, the research published in...

Automating day-to-day transaction processing among priorities for finance leaders: Survey

by AIP Online Bureau | Mar 16, 2021 | Eco/Invest/Demography, Indian News

  New Delhi: Day-to-day transaction processing, monthly management reporting and financial statement closing process are among the priorities for finance leaders in terms of automation and optimisation, according to a survey. Leading consultancy EY India's...

SBI, ICICI, HDFC, Axis Bank, PNB and the Indian IT department targeted in phishing scam

by AIP Online Bureau | Mar 16, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: Cybercriminals are trying to lure Indian users into revealing important personal information with a new report on Monday warning that suspicious messages asking users to submit an application for the disbursement of income tax refund have been doing...

IRDAI modifies norms to check arbitrary rise of health premiums by insurers

by AIP Online Bureau | Mar 16, 2021 | Health, Indian News, Non-Life, Regulation

  Hyderabad, Mar 16: In a bid to check any unjustified and arbitrary rise of health premiums by insurers, the insurance regulator IRDAI , on Tuesday, has revamped the existing regulations and has asked insurers to file its compliance reports to their boards...

22 of world’s 30 most polluted cities are in India: Report

by AIP Online Bureau | Mar 16, 2021 | Eco/Invest/Demography, Health, Indian News

  New Delhi: Twenty-two of the world's 30 most polluted cities are in India, with Delhi being ranked as the most polluted capital city globally, a new report said on Tuesday. The report is prepared by the Swiss organization, IQAir, in the form of the...

Maharashtra in beginning of second COVID wave, step up contact tracing: Centre

by AIP Online Bureau | Mar 16, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

New Delhi: Union Health Secretary Rajesh Bhushan wrote to Maharashtra Chief Secretary after the central team's visit last week and observed that the state is undergoing the second wave of COVID-19 while urging for focus on containment strategies. "Maharashtra...
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