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McKinsey says recovery from South Africa scandals to take yrs

McKinsey says recovery from South Africa scandals to take yrs

by AIP Online Bureau | Dec 8, 2025 | Workplace/Employee Benefits

The company was embroiled in the scandals during an era of government graft — known locally as state capture — that also involved Bain & Co., SAP SE, KPMG LLP and ABB Ltd. Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state...
BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%

BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%

by AIP Online Bureau | Dec 8, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life

The deal involves France’s biggest bank selling its 25% stake in AG Insurance to Ageas for 1.9 billion euros while simultaneously investing 1.1 billion euros into Ageas through its insurance subsidiary BNP Paribas Cardif, based on an agreed price of 60 euros per...
FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD

FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD

by AIP Online Bureau | Dec 8, 2025 | Indian News, Non-Life, Policy, Reinsurance

Some of the names who are belived to have applied for the post of GIC Re CMD include, Rajeev Singh, Head Reinsurance and corporate marketing, Digit Insurance, promoted by Prem Watsa and Kamesh Goyal. and Mandakini Balodhi, one of directors in Department of Financial...
MF equity investments double in November to Rs 43,465 crore

MF equity investments double in November to Rs 43,465 crore

by AIP Online Bureau | Dec 8, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The strong domestic investment trend comes at a time when the industry has already been witnessing robust participation from retail investors through systematic investment plans (SIPs). Mumbai: Mutual funds sharply increased their equity purchases in November, riding...
Automobile retail sales sustain momentum in Nov as demand remains robust

Automobile retail sales sustain momentum in Nov as demand remains robust

by AIP Online Bureau | Dec 8, 2025 | Data, Eco/Invest/Demography

“GST rate cuts coupled with OEM-dealer retail offers continued pulling customers to showrooms, enabling sustained footfalls beyond the festive period. Price reductions across categories, which ignited strong buying in October, continued to support conversions in...
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