by AIP Online Bureau | Jun 13, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
IIHL has moved NCLT seeking a 90-day extension beyond the deadline to implement the resolution plan for acquiring Reliance Capital for a consideration of Rs 9,850 crore Mumbai: National Company Law Tribunal (NCLT) will hear the plea of Hinduja Group firm IndusInd...
by AIP Online Bureau | Jun 13, 2024 | Eco/Invest/Demography, International News, Policy, Risk Management
Jerome Powell, US Fed Chair “We are maintaining our restrictive stance of monetary policy in order to keep demand in line with supply and reduce inflationary pressures. I will have more to say about monetary policy after briefly reviewing economic...
by AIP Online Bureau | Jun 13, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management
The Indian life sector has been marred with tax-rate changes (on high-ticket non-par policies) in the budget last year (2023). Investments in smaller tickets, growth in interiors, higher payouts and the ULIP wave (over non-par) have kept margins muted. In this...
by AIP Online Bureau | Jun 12, 2024 | Indian News, Life, Regulation
We note that the final guidelines are somewhat more favorable than the earlier draft. Based on our preliminary calculations, surrender income could decrease by approximately 55-70%. It’s too early to quantify the impact on the Value of New Business (VNB) margin,...
by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Indian News, Risk Management
“The monsoon has slowed down after reaching Maharashtra and may take a week to regain momentum,” an official of the India Meteorological Department (IMD) told Reuters New Delhi: India’s monsoon rains have lost momentum after covering western regions...
