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RBI holds the key lending rate at 6.50% after six repo rate hikes in a row

RBI holds the key lending rate at 6.50% after six repo rate hikes in a row

by AIP Online Bureau | Apr 6, 2023 | Eco/Invest/Demography, Indian News

Shaktikanta Das,Governor, Reserve Bank of India The monetary policy committee (MPC), which has three members from the central bank and three external members, retained the key lending rate or the repo rate at 6.50%, in a unanimous decision Retail inflation...

Sequoia Capital’s $8.5m funding for a startup improving fleet driver behaviors with telematics

by AIP Online Bureau | Apr 6, 2023 | International News, Non-Life, Technology

It’s a marketplace worth $76B today and set to grow to $214B in the next 6 years. LightMetrics is powering the global vehicle telematics industry with intelligent video capabilities as revenues grow 3x while customer numbers cross 2,500 fleets globally. Their...
Total global reinsurance capital shrinks 12% to $638bn in 2022:Gallagher Re report

Total global reinsurance capital shrinks 12% to $638bn in 2022:Gallagher Re report

by AIP Online Bureau | Apr 6, 2023 | International News, Non-Life, Reinsurance

The drop in capital was driven by a decline in the value of investments. There was also a conspicuous absence of new capacity, despite the potential attraction of much tightened pricing and terms and conditions Perhaps most notably, for the first time in the past ten...
Howden accelerates growth in the Gulf with the establishment of Howden Bahrain

Howden accelerates growth in the Gulf with the establishment of Howden Bahrain

by AIP Online Bureau | Apr 6, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Technology

Dalal Buhejji, Executive Director of Business Development for Financial Services at the Bahrain Economic Development Board, said: “In line with the Financial Services Sector Development Strategy under the Kingdom’s Economic Recovery Plan which outlines an overall...

Kotak General Insurance partners with actyv.ai for providing MSME cover

by AIP Online Bureau | Apr 6, 2023 | Briefs, Non-Life, Technology

Mumbai: Kotak Mahindra General Insurance (Kotak General Insurance) on Wednesday has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro,Small and Medium Enterprises (MSME) companies. Jagjeet Singh Siddhu, Head of Multiline Business, Kotak...
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