Top Best Current Affairs 7 July 2020 (3)

US private equity giant KKR has agreed to acquire a 54% stake(41.7 million or 4.17 crore fully paid up equity shares) in Mumbai-based drug manufacturer JB Chemicals & Pharmaceuticals for approximately Rs 3100 crore. KKR will make the investment through its subsidiaries, Tau Investments Holdings Pte. Ltd., Tau Holdco Pte. Ltd., and KKR Asia III Fund Investments Pte.

A Northern China's city reported a suspected case of Bubonic Plague on July 5, 2020. Following this, Inner Mongolia Autonomous Region Bayannur gave out a level III warning for prevention and control of plague. Under the level III alert, people need to immediately report sick or dead marmot and rodents that look like squirrels.

IndiaFirst Life Insurance Company Limited (IndiaFirst Life) associated with BOB Financial Services Limited (BOB Financial), a wholly owned subsidiary of Bank of Baroda(BOB) to offer a group insurance cover. The cover will provide financial support to the BOB credit card customers upon their hospitalisation or on COVID-19 diagnosis.

The United Nations Conference on Trade and Development (UNCTAD) published the report, COVID-19 and Tourism: Assessing the Economic Consequences stating that the World Tourism sector could lose around 1.2 trillion USD or 1.5% of the Global Gross Domestic Product (GDP) because of the 4 months lockdown due to global pandemic situation.