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Dubai Aerospace Writes Off $538 Million, files insurance claims on planes tied to Russia

Dubai Aerospace Writes Off $538 Million, files insurance claims on planes tied to Russia

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Aircraft lessors have been caught up in the international response to Russia’s invasion of Ukraine. The Kremlin has blocked the repossession of planes as required by sanctions, stranding roughly 400 jets that had been leased to Russian companies. The Middle East’s...
DGCA warns of strict action, penalty against airlines wrongly denying boarding to passengers

DGCA warns of strict action, penalty against airlines wrongly denying boarding to passengers

by AIP Online Bureau | May 7, 2022 | Indian News, Regulation

“It has come to the notice of this office that various airlines are denying boarding to passengers holding confirmed tickets on a flight, although they have presented themselves for boarding within the time specified by the airline. This practice is extremely...
FM Sitharaman flags anonymity as ‘inherent risk’ in use of blockchain

FM Sitharaman flags anonymity as ‘inherent risk’ in use of blockchain

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology

Finance Minister Nirmala Sitharaman The finance minister made it clear that using the distributed ledger technology (DLT), which is also called as blockchain, is absolutely imperative and the government also supports the use of the same the anonymity is what … one...
LIC IPO day 4: Total subscription at 1.66 times, NII portion fully booked

LIC IPO day 4: Total subscription at 1.66 times, NII portion fully booked

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

However, the Qualified Institutional Buyer (QIB) category received a poor response as just 0.67 per cent of the shares earmarked received the bids on the fourth day of the IPO Mumbai: Shares reserved for non-institutional investors, including high networth...

FPI selling extends to 8th straight month, pulls out over Rs 6k-cr in May

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

FPIs remained net sellers for seven months to March 2022, withdrawing a massive net amount of Rs 1.65 lakh crore from equities The ongoing geopolitical environment following Russia’s invasion of Ukraine also weighed on FPIs buying sentiment New Delhi: Continuing...
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