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Trade Secrets: TCS to take $70 million hit after US Supreme Court rejects appeal

Trade Secrets: TCS to take $70 million hit after US Supreme Court rejects appeal

by AIP Online Bureau | Jun 16, 2026 | Indian News, Risk Management, Technology

The case ​stems from a 2019 lawsuit filed in Dallas federal ​court by DXC’s predecessor, Computer Sciences Corporation, which accused TCS of ‌hiring ⁠around 2,200 Transamerica, another insurance company, employees and using their inside access to build a rival...
Insutech Turtlemint Fintech Solutions to announce around Rs 900 crore IPO on Tuesday

Insutech Turtlemint Fintech Solutions to announce around Rs 900 crore IPO on Tuesday

by AIP Online Bureau | Jun 15, 2026 | Indian News, Technology, Wealth Management/ Philanthropy

It is expected to launch its IPO between June 19 and June 23, with the issue size estimated at Rs 2,000 crore, said sources Mumbai Mumbai based insurtech startup Turtlemint Fintech Solutions, connecting insurace advisors, customers and insurance company for offering...
Shipowners eye Hormuz return with cution

Shipowners eye Hormuz return with cution

by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

News of a long-awaited agreement between the US and Iran and the prospect of ending a double blockade drove Brent oil futures down almost 5%. But those ferrying crude and gas around the world are still questioning what exactly a reopening — which US President Donald...
Scouring the Strait of Hormuz for mines could take weeks

Scouring the Strait of Hormuz for mines could take weeks

by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, International News

Even the possibility of mines could deter companies. A supertanker and its cargo of crude are worth about $300 million, so war risk underwriters, oil and tanker companies would need assurances that passage is safe before they attempt to pass through the strait,...
Govt to sell up to 5% GIC Re stake tom at Rs 352 per equity share

Govt to sell up to 5% GIC Re stake tom at Rs 352 per equity share

by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, Indian News, Reinsurance, Wealth Management/ Philanthropy

The Secretary, Department of Investment and Public Asset Management, under Finance Ministry, wrote on its official X account, “Offer for Sale of equity in General Insurance Corporation of India (GIC) opens tomorrow for non-retail investors. Retail investors can bid on...
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