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Australia’s financial regulator sues Mercer over customer disclosures

by AIP Online Bureau | Aug 14, 2025 | Eco/Invest/Demography, International News, Pension & Social Security, Regulation

The lawsuit comes after an Australian Securities and Investments Commission report criticized leadership across the A$4.1 trillion pensions industry for fostering a culture of poor customer service, outlining 34 recommendations for reform. The regulator has also taken...
Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary

Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary

by AIP Online Bureau | Aug 14, 2025 | Banking & Bancassurance, Indian News, Non-Life

In a letter made public on Monday, the Justice Department said the subsidiary, Liberty General Insurance, paid $1.47 million in bribes to six state-owned banks, which in exchange referred customers to its insurance products. Washington: US insurer Liberty Mutual will...
After 18 yrs S&P upgrades India’s sovereign rating on economic resilience, infra spending, inflation control

After 18 yrs S&P upgrades India’s sovereign rating on economic resilience, infra spending, inflation control

by AIP Online Bureau | Aug 14, 2025 | Eco/Invest/Demography, Indian News, Policy

“India is prioritising fiscal consolidation, demonstrating the government’s political commitment to deliver sustainable public finances, while maintaining its strong infrastructure drive,” S&P said in a statement New Delhi: In a landmark...
Massive cloudburst in J-K’s Kishtwar,46 dead

Massive cloudburst in J-K’s Kishtwar,46 dead

by AIP Online Bureau | Aug 14, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Indian News

“A massive Cloud burst in Chositi area, which could result in substantial casualty. Administration has immediately swung into action, rescue team has left for the site”, said Union Minister Jitendra Singh said on X. JAMMU: At least 46 persons are feared dead and over...
Industry must follow ethical practices in labelling advertising food products: Govt

Industry must follow ethical practices in labelling advertising food products: Govt

by AIP Online Bureau | Aug 13, 2025 | Eco/Invest/Demography, Indian News

“Food labelling should not just be a marketing tool, but it should also be treated as the most essential factor of trust between a manufacturer and a consumer. We want truthful and honest declaration of whatever is contained in the food product, and the consumer...
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