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Govt appoints merchant bankers legal firms for managing stake sales in LIC, PSBs other fin institutions

Govt appoints merchant bankers legal firms for managing stake sales in LIC, PSBs other fin institutions

by AIP Online Bureau | Aug 1, 2025 | Indian News, Life, Policy, Regulation

“As far as LIC is concerned, we have completed the RFP process. The process for appointment of merchant bankers and legal advisors has been completed,” DIPAM) Secretary Arunish Chawla said The government needs to offload another 6.5 per cent stake in the...
Building Climate Resilience: Strategies for Indian insurance industry

Building Climate Resilience: Strategies for Indian insurance industry

by AIP Online Bureau | Aug 1, 2025 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

Climate change is a systemic risk that demands a systemic response. As first responders to disasters, insurers must shift their mindset from viewing climate as a hazard to seeing it as a call to innovate Rakesh Jain, CEO, Reliance General Insurance India, with its...

Nearly 6.6 lakh new PM Jan Dhan Yojana accounts opened in 1 month

by AIP Online Bureau | Aug 1, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security, Policy

A staggering 55.44 crore Jan Dhan accounts have been opened in India, 56 per cent of which belong to women, and the total amount in these deposits has surpassed Rs 2.5 lakh crore as of May 21 this year. New Delhi: Nearly 6.6 lakh new PM Jan Dhan Yojana accounts were...
4 tankers with Russian oil idle off India as refiners seek steer

4 tankers with Russian oil idle off India as refiners seek steer

by AIP Online Bureau | Aug 1, 2025 | Eco/Invest/Demography, Indian News, Policy

This week, the Trump administration cited the purchases as a reason to hit India with hefty import tariffs and also threatened more unspecified penalties for taking the oil. New Delhi has since asked refiners to devise and share plans on sourcing crude from elsewhere...
Odisha announces launch of financial tech capability hub

Odisha announces launch of financial tech capability hub

by AIP Online Bureau | Jul 31, 2025 | Indian News, Policy, Risk Management, Technology

Over the next five years, more than 7,000 students from every district of Odisha will gain “futuristic and job-ready skills in AI, blockchain, InsurTech and digital finance”, an official release said. Bhubaneswar: The Odisha government on Thursday announced the launch...
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