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Britain’s Cairn files case in U.S. to push India to pay $1.2 billion award

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, Indian News, Risk Management

  NEW DELHI: Cairn Energy has filed a case in a U.S. district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues. In December, an arbitration...

4 detected with SA variant of SARS-CoV-2 in India, one with Brazil strain

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Risk Management

New Delhi: Four people were detected with the South Africa variant of SARS-CoV-2 in India in January, while one tested positive for the Brazil variant strain in the first week of February, the Centre said on Tuesday. In India, the South Africa strain has been detected...

Africa Specialty Risks Group partners with GIC Re & Peak Re to launch new capacity for African region

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  London: Today, Africa Specialty Risks (ASR), the newly launched Pan-African focused reinsurance group, has secured additional multi-year binder capacity of up to $25 million per risk through a partnership with India's GIC Re  and annual capacity from...

COVID-19: New cases fall below 10,000 for fourth time in February

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The daily new infections fell below 10,000 for the fourth time this month taking India's tally of COVID-19 cases to 1,09,25,710, while fresh fatalities remained below 100 for the tenth time this month, according to Union health ministry data...

NTPC to pay Rs 20 lakh as compensation to kin of workers killed at its Tapovan project

by AIP Online Bureau | Feb 16, 2021 | Uncategorized

Joshimath: Sate-run power giant NTPC on Monday said it would pay a compensation of Rs 20 lakh each to the families of labourers who died in the recent flash flood at its Tapovan-Vishnugad hydel project in Uttarakhand. Details of the procedure for payment of the amount...

Jaguar cars to go all-electric by 2025 as JLR plans full range of e-models by 2030

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, Facts, Risk Management, Technology

  LONDON: Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch e-models of its entire lineup by 2030, it said on Monday, as it joined a global race to develop zero-emission vehicles.JLR, owned by...

Centre announces changes to mapping policy,allows free access to geospatial data

by AIP Online Bureau | Feb 15, 2021 | Eco/Invest/Demography, Indian News

  New Delhi: Announcing a sweeping change in India's mapping policy, the Centre on Monday liberalised regulations on geospatial data, making it freely available in the country for innovation and IT companies. The change is made specifically for Indian...

About 18-19 vaccines against Covid-19 in the pipeline: Harsh Vardhan

by AIP Online Bureau | Feb 15, 2021 | Eco/Invest/Demography, Health, Indian News

  New Delhi: About 18-19 vaccines against Covid-19 in the pipeline: Harsh VardhanAbout 18-19 vaccine candidates against COVID-19 are in the pipeline and in different clinical trial stages, Health Minister Harsh Vardhan said on Monday. Addressing the media,...

Rise in COVID-19 cases alarming,may take harsh steps:Maha dy CM

by AIP Online Bureau | Feb 15, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

  Aurangabad: Describing as ''alarming'' therise in fresh COVID-19 cases in some districts of Maharashtra,Deputy Chief Minister Ajit Pawar on Monday warned of takingsome ''harsh decisions'' and asked people to be prepared. Some...

Govt may have identified four banks for potential privatisation,report

by AIP Online Bureau | Feb 15, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

  NEW DELHI/MUMBAI, Feb 15: India’s government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources saidPrivatisation of the banking sector, which...
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