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Govt appoints Hitesh Joshi as acting CMD of GIC Re

Govt appoints Hitesh Joshi as acting CMD of GIC Re

by AIP Online Bureau | Oct 24, 2025 | Indian News, Reinsurance

Hitesh Joshi, acting CMD, GIC Re “The competent authority has approved the entrustment of the financial and administrative powers and functions of the Chairman-cum-Managing Director (CMD), General Insurance Corporation of India (GIC-Re) to Hitesh Ramesh Chandra...
SBI Life’s net profit falls 7% to Rs 495 crore in Q2FY26 as costs rise amid competition

SBI Life’s net profit falls 7% to Rs 495 crore in Q2FY26 as costs rise amid competition

by AIP Online Bureau | Oct 24, 2025 | Eco/Invest/Demography, Indian News, Life

Its net premium income jumped 22.6% to Rs 24,848, driven by a near 20% rise in premiums from old policies that were renewed Mumbai:SBI Life Insurance, the second largest life insurer next to Life Insurance Corporation, reported a 7% fall in second-quarter profit on...
World Bank approves $280 million program for Kerala’s 11 million elderly and vulnerable people

World Bank approves $280 million program for Kerala’s 11 million elderly and vulnerable people

by AIP Online Bureau | Oct 24, 2025 | Workplace/Employee Benefits

According to a statement from the multilateral institution on Friday, the USD 280 million Kerala Health System Improvement Program will build a more comprehensive health system resistant to climate shocks. It will also strengthen Kerala’s digital health systems...
Jaguar Land Rover hack cost UK economy $2.5 billion, report says

Jaguar Land Rover hack cost UK economy $2.5 billion, report says

by AIP Online Bureau | Oct 24, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

“This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers,” the CMC report said. LONDON: The August hack of...

US sanctions Russian oil majors over Ukraine, prompting jitters in India and China

by AIP Online Bureau | Oct 23, 2025 | Eco/Invest/Demography, International News, Policy, Regulation

The sanctions target oil giants Rosneft and Lukoil, which between them account for more than 5% of global oil output In another bid to starve Moscow of revenue, the EU also approved a 19th package of sanctions that includes a ban on Russian liquefied natural gas...
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