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Hackers, fraudulent customers steal Rs 7.38 crore from payment gateway firm Razorpay

by AIP Online Bureau | May 20, 2022 | Indian News, Technology

On contacting its ‘authorisation and authentication partner’ Fiserv, a fintech and payments company, it was communicated to Razorpay that these transactions had failed and were not authorised or authenticated, the complainant said. Bengaluru: Hackers,...

Govt orders probe after 3 incidents of in-flight engine shutdowns

by AIP Online Bureau | May 20, 2022 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

India has seen a number of mid-flight shutdowns, and regulators have responded strongly in the past, once ordering IndiGo, the nation’s biggest airline, to ground some of its A320neo planes after engines manufactured by Pratt & Whitney experienced repeated...

IDBI Bank to exit insurance JV by selling entire stake to Ageas for Rs 580 rore

by AIP Online Bureau | May 20, 2022 | Banking & Bancassurance, Indian News, Life

With the stake buyout from IDBI Bank, AFLI will become the first company in the life insurance sector where the foreign partner will raise its stake to the maximum permissible limit of 74 per cent Mumbai: IDBI Bank on Friday said it has entered into a pact with Ageas...

Nine charred to death as fire breaks out after tanker-truck collision in Chandrapur

by AIP Online Bureau | May 20, 2022 | Indian News

“A tanker loaded with diesel collided with a truck transporting logs of wood close to Ajaypur near Chandrapur city. After the accident, a fire broke out in which nine persons were charred to death on the spot,” Chandrapur’s Sub Divisional Police...
Air India flight’s engine shuts down mid-air, makes emergency landing at Mumbai airport

Air India flight’s engine shuts down mid-air, makes emergency landing at Mumbai airport

by AIP Online Bureau | May 20, 2022 | Indian News, Non-Life, Risk Management

The pilots of the A320neo plane received a warning about high exhaust gas temperatures on one of the engines just minutes after the aircraft’s departure from the Chhatrapati Shivaji International Airport at 9.43 AM Air India flight’s engine shuts down...
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