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Memory chip crisis threatens to wipe out earnings, destabilise suppliers

by AIP Online Bureau | Jan 30, 2023 | Eco/Invest/Demography, International News, Technology

It’s been a swift descent from the industry’s pandemic sales surge, which was fueled by shoppers outfitting home offices and snapping up computers, tablets and smartphones. Now consumers and businesses are holding off on big purchases as they cope with inflation and...
Insurers hit with thousands of claims as rains soak New Zealand

Insurers hit with thousands of claims as rains soak New Zealand

by AIP Online Bureau | Jan 30, 2023 | Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance

Citi in a research note observed that IAG’s exposure to the floods in Auckland, which could be potentially as much as A$236 million, is “much greater” than Suncorp’s NZ$50 million cap Major insurers operating in New Zealand including Insurance Australia Group and...
9 lakh govt vehicles, buses older than 15 years to go off the road from Apr 1, says Gadkari

9 lakh govt vehicles, buses older than 15 years to go off the road from Apr 1, says Gadkari

by AIP Online Bureau | Jan 30, 2023 | Eco/Invest/Demography, Indian News, Non-Life

Nitin Gadkari,Union Minister for Road Transport & Highways ‘We have now approved the scrapping of more than nine lakh government vehicles, which are more than 15 years old, and polluting buses and cars will go off the road and new vehicles with alternative...

LIC says it has exposure of Rs 36,474.78 crore to Adani group

by AIP Online Bureau | Jan 30, 2023 | Eco/Invest/Demography, Indian News, Life

”Our total holding in the Adani group companies under equity and debt a on date is Rs 36,474.78 crore. This was Rs 35,917.31 crore as of December 31, 2022. Total purchase value of these equities of the group companies, bought over the past many years, is Rs...

Bajaj Finserv net income jumps 42 pc to Rs 1,782 crore

by AIP Online Bureau | Jan 30, 2023 | Indian News, Life, Non-Life

The general insurance arm’s net profit declined 9 per cent to 278 crore from Rs 304 crore and that of life insurance arm’s too declined 8 per cent to Rs 81 crore from Rs 88 crore. Mumbai:Bajaj Finserv, holding company of Bajaj Group’s financial...
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