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Indian insurance sector: Shakeout or promoter exits to happen?

by AIP Online Bureau | Sep 3, 2021 | Indian News, Life

Mixed views were expressed by insurance industry officials to whether a shakeout or promoter exits in the Indian insurance sector are on the cards, as HDFC Life Insurance Company Ltd on Friday announced the acquisition of Exide Life Insurance Company Ltd for Rs 6,687...

Maruti to recall over 180,000 vehicles to replace faulty electrical part

by AIP Online Bureau | Sep 3, 2021 | Indian News, Risk Management, Technology

Mumbai: The country's largest car maker Maruti Suzuki India (MSI) on Friday said it is recalling 181,754 units of petrol trims of various models, including Ciaz, Vitara Brezza and XL6, to replace faulty motor generator unit. As a responsible corporate, keeping in...

ICICI Lombard gets final IRDAI nod for acquiring Bharti Axa, to be 2nd largest Indian general insurer

by AIP Online Bureau | Sep 3, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  Hyderabad, Sept 03: The final regulatory approval, facilitating the take over of Bharti Axa General Insurance by ICICI Lombard General Insurance, has come in as the Hyderabad based Insurance Regulatory and Development Authority of India (Irdai) on...

Govt revamps incentives for autos to boost EVs, hydrogen fuel cells: Report

by AIP Online Bureau | Sep 3, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Technology

  New Delhi: India has revised its proposed $8 billion scheme for the auto sector which will now focus on incentivising companies to build electric and hydrogen fuel-powered vehicles, two sources familiar with the plan told Reuters. This is a significant shift...

India records 47,092 new COVID-19 cases, biggest daily rise in 2 months

by AIP Online Bureau | Sep 2, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi, Sept 02  With 47,092 people testing positive for COVID-19, India's total tally of cases rose to 3,28,57,937, while active cases have increased to 3,89,583, according to Union health ministry data updated on Thursday. Densely populated...
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