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Investor wealth erodes by over Rs 7 lakh cr in two days of market crash

by AIP Online Bureau | Mar 25, 2021 | Eco/Invest/Demography, Indian News

Mumbai: Investor wealth has eroded by over Rs 7 lakh crore in two days of market crash as sentiment remained muted amid rising COVID-19 cases in the country. The 30-share BSE Sensex tumbled 740.19 points or 1.51 per cent to close at 48,440.12 on Thursday. In two days,...

PFRDA set to revise fee structure for pension fund managers from Apr

by AIP Online Bureau | Mar 25, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security

  New Delhi: Regulator PFRDA is set to revise the fee structure for pension fund managers from the next fiscal so that they get better income and more players are attracted to the space, a top official said. ''The revenue structure for fund managers is...

AstraZeneca vaccine’s global rollout faces more complications  

by AIP Online Bureau | Mar 25, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  The rollout of AstraZeneca’s COVID-19 vaccine, the shot much of the world is relying on to beat the pandemic, faced further complications on Thursday as India halted exports of the vaccine and Europe discussed its own export controls.India has put a...

Stranded Suez ship’s owner, insurers face millions in claims

by AIP Online Bureau | Mar 25, 2021 | International News, Non-Life, Reinsurance

  LONDON: The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday.The 400-metre, 224,000-tonne Ever...

EU must clarify relationship between cyber security rules to give insurers legal certainty across Europe

by AIP Online Bureau | Mar 25, 2021 | Eco/Invest/Demography, International News

Insurance Europe has published its position on the review of the Security of Network and Information Systems (NIS2) Directive. The directive’s minimum harmonisation principle has resulted in a fragmented landscape for Europe’s insurers. In practice, this...
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