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95 pc families of AI 171 crash received interim compensation, says Air India CEO

95 pc families of AI 171 crash received interim compensation, says Air India CEO

by AIP Online Bureau | Nov 24, 2025 | Indian News, Non-Life, Reinsurance

About 70 of the families have also received the ex gratia payment from the AI 171 memorial trust, with another 50 or so in the process of being dispersed, and we continue to reach out to the families of those affected, both as Air India and as Tata Sons, to offer the...
Tankers rate hit new high amid US sanctions

Tankers rate hit new high amid US sanctions

by AIP Online Bureau | Nov 24, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Figures from analytics firm Kpler suggest that close to 48 million barrels of Rosneft and Lukoil crude — mostly Urals and ESPO grades — are currently in transit or beginning to load. That includes roughly 50 tankers pointing toward China and India, but also others...
Decoding New Labour Laws:Enhancing worker welfare & ease of doing business

Decoding New Labour Laws:Enhancing worker welfare & ease of doing business

by AIP Online Bureau | Nov 24, 2025 | Articles, Eco/Invest/Demography, Pension & Social Security, Policy, Regulation, Workplace/Employee Benefits

The labour codes establish distinct definitions for ’employee’ and ‘worker,’ with specific benefits and provisions applicable only to ‘workers.’ The definition of ‘worker’ closely aligns with the term...
US court of appeals upholds USD 194 mn damages against TCS in CSC DXC trade secrets dispute

US court of appeals upholds USD 194 mn damages against TCS in CSC DXC trade secrets dispute

by AIP Online Bureau | Nov 24, 2025 | Indian News, Risk Management, Technology

In June last year, a US court had ruled that TCS is liable for misappropriation of trade secrets and levied penal charges of around USD 194 million on the IT major. The company is evaluating various options, including review and appeal before appropriate courts, and...
Bima Gram API to strengthen rural coverage, says insurance industry

Bima Gram API to strengthen rural coverage, says insurance industry

by AIP Online Bureau | Nov 24, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

The Bima Gram API maps postal PIN codes to Local Government Directory (LGD) codes, creating a unified, verifiable database for rural identification. Through the Bima Gram API, insurers can now simply enter a customer’s postal PIN code to retrieve the corresponding...
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