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Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill

Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill

by AIP Online Bureau | Jul 8, 2025 | International News, Non-Life, Reinsurance, Risk Management

On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam on India’s southern tip to Kochi had capsized. The incident had resulted in leaking fuel and releasing cargo, some of which contained hazardous material. NEW DELHI: India’s southern state...
EV sales in India rise 28.6 pc to 1,80,238 in June: FADA

EV sales in India rise 28.6 pc to 1,80,238 in June: FADA

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

“In June 2025, electric two-wheelers commanded 7.3 per cent of the market, up from 5.8 per cent a year ago, demonstrating growing consumer confidence in EV technology. Electric three-wheelers now account for over 60 per cent of all three-wheeler sales, cementing...

MS Amlin appoints Nicola Harris to lead natural resources

by AIP Online Bureau | Jul 8, 2025 | International News, Reinsurance

In this role, Nicola will be responsible for leading the efforts of a team that supports a diverse range of clients throughout the entire energy chain. With a significant portfolio, the Natural Resources account includes upstream, midstream, and downstream, as well as...
91pc of individual traders lose money in equity derivatives in FY25 Sebi study

91pc of individual traders lose money in equity derivatives in FY25 Sebi study

by AIP Online Bureau | Jul 8, 2025 | Eco/Invest/Demography, Indian News, Regulation, Wealth Management/ Philanthropy

The study indicated that the net losses of individual traders widened by 41 per cent to Rs 1,05,603 crore in FY25 from Rs 74,812 crore in FY24. New Delhi: Nearly 91 per cent of individual traders incurred losses in the equity derivatives segment in fiscal year 2025,...
Fintech sector must focus on financial education and consumer protection, says DFS Secretary

Fintech sector must focus on financial education and consumer protection, says DFS Secretary

by AIP Online Bureau | Jul 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

M Nagaraju, secretary,Dpartment of Financial Services Secretary Department of Financial Services Secretary M Nagaraju revealed that the country now has around 55 crore Jan Dhan accounts, with 56 per cent held by women, and 90 per cent of Indian adults now possess bank...
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