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PNB MetLife declares highest-ever bonus of Rs 768.6 crore in FY22-23

by AIP Online Bureau | Jun 20, 2023 | Briefs, Life

PNB MetLife has announced the highest-ever bonus of Rs 768.6 crore for eligible policyholders in FY 2022-23. This bonus amount is 29 per cent higher than Fy 2021-22, benefitting almost 5.52 lakh policyholders of the...
SC to hear IRDA’s appeal against SAT order `staying transfer of Sahra Life’s biz to SBI Life’ on July 3

SC to hear IRDA’s appeal against SAT order `staying transfer of Sahra Life’s biz to SBI Life’ on July 3

by AIP Online Bureau | Jun 20, 2023 | Indian News, Life, Regulation

Though, Solicitor General Tushar Mehta, appearing for the IRDA had sought urgent hearing of the matter, SC’s vacation bench presided by Justice Surya Kant said there was no urgency and directed the matter to be heard on July 3 Earlier, in a big relief to Sahara India...

Behind aviation recovery, suppliers struggle to keep up

by AIP Online Bureau | Jun 19, 2023 | International News, Risk Management, Technology

But there is an emerging consensus that the industry’s sprawling supply chain – strained by rising costs, parts shortages and a scarcity of skilled labor in the wake of the pandemic – will have to be remade before it can recover fully, a process that will take years...

Microsoft says early June disruptions to Outlook, Cloud Platform were cyberattacks

by AIP Online Bureau | Jun 19, 2023 | International News, Risk Management, Technology

A spokeswoman confirmed that the group that calls itself Anonymous Sudan was behind the attacks. It claimed responsibility on its Telegram social media channel at the time. Some security researchers believe the group to be Russian In early June, sporadic but serious...

SIP closures rise 7.4 pc month-on-month in May

by AIP Online Bureau | Jun 19, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Investors continued to park their money in mutual funds, with contributions in SIPs reaching a new high of Rs 14,749 crore last month, after a brief dip to Rs 13,728 crore in April. It was Rs 14,276 crore in March Mumbai: The number of systematic investment plan (SIP)...
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