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Shriram Group to merge finacial biz, hive off insurance

Shriram Group to merge finacial biz, hive off insurance

by AIP Online Bureau | Dec 13, 2021 | Indian News, Life, Non-Life, Wealth Management/ Philanthropy

Shriram group will merge Shriram Capital Ltd and Shriram City Union Finance with Shriram Transport Finance Shriram Capital will demerge its financial services and insurance business and the rest of its business to be merged with Shriram Transport The new entity will...

AMFI pitches for pension oriented MF Scheme; tax parity with ULIPs

by AIP Online Bureau | Dec 13, 2021 | Eco/Invest/Demography, Indian News, Life, Policy, Wealth Management/ Philanthropy

Amfi has proposed ”to bring parity in tax treatment in respect of capital gains on withdrawal of investments in ULIPs of Life Insurance companies and redemption of Mutual Funds Units, so as to bring about level playing field between ULIPs and MF scheme”....

Freight cost hits highest due to Omicron, threatening export companies

by AIP Online Bureau | Dec 13, 2021 | Eco/Invest/Demography, International News

Due to the surge in freight rate, export companies are worried. This is because the year-end season is the biggest shopping season, including Christmas, but the profitability will inevitably deteriorate due to high fares even if they secure the freight spaces. It is...

Investors push world’s top chemicals companies over hazardous substances

by AIP Online Bureau | Dec 13, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The move by 23 investors including Aviva Investors and Storebrand comes as regulators toughen rules around their use and as analysts warn some companies could face billions of dollars in associated clean-up and compensation costs. In a letter to the world’s...

More than half a billion pushed into extreme poverty due to health costs:World Bank

by AIP Online Bureau | Dec 13, 2021 | Articles, Eco/Invest/Demography, Health, Non-Life, Pandemic, Policy, Workplace/Employee Benefits

In 2019, prior to the pandemic, 68 per cent of the world’s population was covered by essential health services, such as reproductive health services; immunization services; treatment for HIV, TB and malaria; and services to diagnose and treat noncommunicable diseases...
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