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India’s richest man Ambani fined for irregularities in Reliance share issue

by AIP Online Bureau | Apr 7, 2021 | Indian News, Regulation, Risk Management

MUMBAI: India’s market regulator fined Reliance Industries Chairman Mukesh Ambani and others 250 million rupees ($3.36 million) on Wednesday over irregularities in a two-decade-old share issue in the company. Ambani, the country’s richest man, his family...

IRDAI issues draft guidelines on trade credit insurance

by AIP Online Bureau | Apr 7, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The IRDAI on Wednesday proposed a regulatory framework to facilitate general insurance companies to offer trade credit insurance covers to suppliers as well as licensed banks and other financial institutions to help businesses manage country risk....

Hyundai powers EV race with car that can cook dinner

by AIP Online Bureau | Apr 7, 2021 | Facts, Technology

  Hyundai Motor Co. is pitching its new Ioniq 5 as being able to do more than the average EV. In a series of promotional videos on YouTube, a camper is shown running on a treadmill hooked up to the car’s battery, listening to their favorite tunes on a bank...

Domestic passenger traffic slips to 10-year low in pandemic-hit FY21

by AIP Online Bureau | Apr 6, 2021 | Eco/Invest/Demography, Indian News, Non-Life

Mumbai: India's domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said. However, in the previous fiscal there were no passenger flight operations for almost two months due to the...

Reliance Industries, other energy majors form hydrogen coalition

by AIP Online Bureau | Apr 6, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

Mumbai: Led by domestic energy giant Reliance Industries, many global energy and industrial players on Tuesday came together to form a new energy transition coalition, called the India H2 Alliance (IH2A), to help commercialise hydrogen technologies in their bid to...
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