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Amazon faces $1B class action lawsuit in the UK over Buy Box

by AIP Online Bureau | Oct 20, 2022 | International News, Risk Management, Technology

The litigation is being spearheaded by the law firm Hausfeld & Co LLP, which said in a news release that anyone who lives in the U.K. and made purchases on Amazon since October 2016 is eligible to be a claimant. Amazon is facing a USD 1 billion class action...

IDBI Bank privatisation: LIC to recover its investment by time of sale

by AIP Online Bureau | Oct 20, 2022 | Indian News, Life, Policy

LIC had bought a 51 per cent stake in IDBI Bank in 2019 for Rs 21,624 crore at an average price of Rs 61 per share. Following a QIP issue in December 2020, the stake of LIC came down to 49 per cent New Delhi: State-owned insurance behemoth LIC is expected to recover...

Maha govt eyes to make use of satellites for crop damage assessment and payout to farmers

by AIP Online Bureau | Oct 20, 2022 | Eco/Invest/Demography, Indian News, Technology

Maharashtra Deputy Chief Minister Devendra Fadnavis said, “Satellite-based crop damage assessment and compensation will be a game changer in this sector. The satellite images will decide the intensity of crop damage and go on to make compensatory payment to farmers.”...

India suffered income loss of $159 bn in key sectors due to extreme heat in 2021: Report

by AIP Online Bureau | Oct 20, 2022 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

Suruchi Bhadwal, director for earth science and climate change at The Energy and Resources Institute, said,” Extreme weather events in our regions have shown that the effects of climate change are increasing, and more and more people are being affected.”...

Tata AIA Life ties up with Medix to offer health services to its policyholders

by AIP Online Bureau | Oct 20, 2022 | Briefs, Health, Life

Tata AIA life has tied-up with Medix to offer healthcare advice to Tata AIA policy holders. Medix has a team of 300 in-house physicians, and a global quality accredited network of over 4,500 world-leading and independent medical specialists. A study by Harvard...
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