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PhonePe receives insurance broking licence from IRDAI

by AIP Online Bureau | Aug 30, 2021 | Indian News, Intermediaries, Technology

  Mumbai, Aug 30: Digital payments and financial services fintech PhonePe, on Monday,  received an insurance broking license-direct broking'-  from the Insurance Regulatory and Development Authority of India (IRDAI). With over 300 million...

China limits children to 3 hours of online gaming a week

by AIP Online Bureau | Aug 30, 2021 | Facts, Health, Technology

  Beijing:Aug 30 China is banning children from playing online games for more than three hours a week, the harshest restriction so far on the game industry as Chinese regulators continue cracking down on the technology sector. Minors in China can only play games...

Covid-19 3rd wave could peak between Oct-Nov; intensity expected to be 1/4 of second wave

by AIP Online Bureau | Aug 30, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi, Aug 30: India may see a third wave of COVID-19 peaking between October and November if a more virulent mutant than the existing ones emerge by September, but its intensity is expected to be much lower than the second wave, a scientist involved in the...

Major world cities shunning datacentres for sucking out power; India must rethink on Mumbai concentration: Microsoft exec

by AIP Online Bureau | Aug 30, 2021 | Uncategorized

Mumbai,Aug 30: Major global cities like Amsterdam and Singapore are shunning any new datacentres because they ''suck out'' power, and we need to be circumspect about concentrating all the capacities in or around the financial capital, a senior industry...

RBI issues direction on compensation of private banks’ top officials

by AIP Online Bureau | Aug 30, 2021 | Banking & Bancassurance, Indian News, Regulation

Mumbai, Aug 30: The RBI said on Monday the fair value of the share-linked incentives paid to chief executive officers, whole-time directors and other key functionaries by the private banks should be recognised as an expense during the relevant accounting period. The...
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