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Sensex sinks 1404 points on global selloff; investors lose Rs 6 lakh crore, LIC shares fall further

Sensex sinks 1404 points on global selloff; investors lose Rs 6 lakh crore, LIC shares fall further

by AIP Online Bureau | Jun 13, 2022 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

Falling for the tenth straight session on Monday, shares of Life Insurance Corporation (LIC) of India dropped 4 per cent to hit an all-time low of Rs 681.70 on BSE while its market capitalisation (m-cap) slipped to Rs 4,34,052 crore. The selloff has led to erosion of...

Report casts doubt on net-zero emissions pledges by big global companies

by AIP Online Bureau | Jun 13, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Roughly half of the Forbes 2000 largest companies have yet to announce plans to reach net-zero — the point at which greenhouse gas emissions are negated by deep cuts in output as well as methods to absorb atmospheric carbon dioxide. Of the 702 companies with a...
Gadkari summons IRDA and CEOs of general insurance cos to take stock of Surety Bonds

Gadkari summons IRDA and CEOs of general insurance cos to take stock of Surety Bonds

by AIP Online Bureau | Jun 13, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

Nitin Gadkari, union minister for Road Transport & Highways Though, the government and the IRDA have allowed the general insurers to launch Surety bonds since April 1, no insurers have been able to do it as there are lot of technical and legal gaps needs to be...
AirAsia India’s 2 planes operating on Delhi-Srinagar route face technical snags mid-air, return

AirAsia India’s 2 planes operating on Delhi-Srinagar route face technical snags mid-air, return

by AIP Online Bureau | Jun 12, 2022 | Indian News, Non-Life, Reinsurance

When asked about this incident, AirAsia India spokesperson said, ”AirAsia India confirms that flight i5-712 from Delhi to Srinagar had to return back to Delhi on account of a technical snag. The aircraft is being operated after rectification of the snag to...
From security to uncertainty: Post Covid, many elderly return to workforce

From security to uncertainty: Post Covid, many elderly return to workforce

by AIP Online Bureau | Jun 12, 2022 | Eco/Invest/Demography, Health, Indian News, Pandemic, Pension & Social Security

The reasons for seeking financial independence are varied as is the income bracket. It could be somebody whose son lost his job, another whose savings dwindled in the long months of lockdown or an elderly person who may have seen an earning child die of Covid and is...
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