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SBI to launch centre for financing AI, fintech, e-commerce industries

by AIP Online Bureau | Mar 14, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

The project will help diversify the work of the bank’s project finance and structuring unit, which appraises, structures and funds large projects in infrastructure. Lending to so-call new age industries and renewable energy sectors increasingly make up a larger...
American Airlines jet engine catches fire after landing in Denver, passengers evacuated

American Airlines jet engine catches fire after landing in Denver, passengers evacuated

by AIP Online Bureau | Mar 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The engine fire is the latest in a series of high-profile aviation incidents that have raised questions about U.S. aviation safety, including the January 29 mid-air collision of an American Airlines regional jet and an Army helicopter that killed 67 people WASHINGTON:...
Baba Ramdev’s Patanjali Ayurved forays into general insurance, buys majority stake in Magma General Insurance

Baba Ramdev’s Patanjali Ayurved forays into general insurance, buys majority stake in Magma General Insurance

by AIP Online Bureau | Mar 13, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Workplace/Employee Benefits

Patanjali Ayurved,  along with other investors, have bought out the stake of Senoti Properties, a joint venture between businessman Adar Poonawalla and Rising Sun Holdings. Senoti Properties held a 74.5 per cent stake in Magma General Insurance and would...

Common diabetes drug price slashed in India due to generic versions

by AIP Online Bureau | Mar 13, 2025 | Data, Eco/Invest/Demography, Health

India is known as the diabetes capital of the world with over 10 crore people diagnosed with the lifestyle disease, as per the Indian Council of Medical Research–India Diabetes (ICMR INDIAB) study in 2023 New Delhi: The price of commonly used diabetes drug...

Lockton India appoints Anand Kaul as its MD of Transactional Lines

by AIP Online Bureau | Mar 13, 2025 | Briefs, Non-Life, Reinsurance

Lockton, the world’s largest independent insurance broker, has appointed Anand Kaul as Managing Director – Transactional Lines. In this role, Anand will lead and expand Lockton India’s transactional liability offerings, focusing on providing specialized...
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