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Canara HSBC Life Insurance files for an IPO, PNB to exit JV

Canara HSBC Life Insurance files for an IPO, PNB to exit JV

by AIP Online Bureau | Apr 29, 2025 | Indian News, Life, Regulation, Wealth Management/ Philanthropy

Canara HSBC Life Insurance Company is a joint venture promoted by state-owned Canara Bank, which owns a 51 per cent stake, and HSBC Group’s HSBC Insurance (Asia Pacific) Holdings, which holds 26 per cent. Punjab National Bank holds the rest of stakes and will...

Corporate America boosts security spending after UnitedHealth murder, filings show

by AIP Online Bureau | Apr 28, 2025 | Eco/Invest/Demography, International News, Risk Management

“The number of customers requiring assessments and executive protection has increased 10 to 15 times the number prior to December 4,” said Glen Kucera, president at security services firm Allied Universal, which serves more than 80% of Fortune 500 companies U.S....

Fire breaks out at Aurobindo Pharma’s plant in AP; co temporarily suspends ops

by AIP Online Bureau | Apr 28, 2025 | Indian News, Risk Management

Importantly, there were no injuries reported, it added. “As a precautionary measure and to facilitate necessary equipment replacements, operations at the plant will be temporarily paused for an estimated period of 20 to 25 days,” the company said. New Delhi: Aurobindo...
FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI

FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI

by AIP Online Bureau | Apr 28, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Nirmala Sitharaman,Finance Minister NPCI officials also informed the Finance Minister that between 2021-22 and 2024-25, around 26 crore new users and 5.5 crore new merchants have been successfully onboarded onto the UPI platform. UPI now has approximately 45 crore...
`Golden hour’ cashless treatment scheme for road accident victims to be implemented within a week, Govt to SC

`Golden hour’ cashless treatment scheme for road accident victims to be implemented within a week, Govt to SC

by AIP Online Bureau | Apr 28, 2025 | Indian News, Non-Life, Policy

Additional Solicitor General Vikramjit Banerjee appearing for for the Centre submitted that the GI Council was not cooperating. He informed the Court that the GI Council wanted to check the status of insurance policies of the victim before releasing funds and had...
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