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Mukesh Ambani ranks 9th in Forbes World’s Billionaires List 2023, highest in Asia

by AIP Online Bureau | Apr 5, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

While Forbes’ global count of billionaires slipped from 2,668 last year to 2,640 in 2023, the tally in India improved from 166 in 2022 to 169 this year. Forbes noted that falling stocks, wounded unicorns and rising interest rates translated into a down year for...
Automobile retail sales see double-digit growth in FY23; PV offtake at record high

Automobile retail sales see double-digit growth in FY23; PV offtake at record high

by AIP Online Bureau | Apr 4, 2023 | Data, Eco/Invest/Demography, Non-Life

The two-wheeler segment fell to a seven-year low with total retail sales of 1.59 crore last year. On sales outlook for the current fiscal, the industry body noted: ”As the high-growth period has now passed, FY24 is expected to see tapered growth in the low...

UN maritime agency raises concerns about shadow oil tanker fleet

by AIP Online Bureau | Apr 4, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Countries including Spain, Australia, the U.S. and Canada are part of a push at the IMO to increase oversight of the murky activities in oil trading that have emerged within the last year. Russia’s invasion of Ukraine — and subsequent sanctions by Western governments...
PM Modi calls for integrated response to disasters

PM Modi calls for integrated response to disasters

by AIP Online Bureau | Apr 4, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

Prime Minister Narendra Modi In his video address at the International Conference on Disaster Resilient Infrastructure 2023, he noted that 40 countries have become part of the Coalition for Disaster Resilient Infrastructure in a few years New Delhi: Prime Minister...

April 1 renewals: Reinsurers maintain discipline, focus on pricing and contract improvements, Gallagher Re

by AIP Online Bureau | Apr 3, 2023 | International News, Non-Life, Reinsurance

“Despite this more uniform and global approach, a client-led underwriting process remained evident. Clients and markets who had seen significant price increases and tightening of reinsurance conditions in recent years consequently experienced more measured...
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