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Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India

Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India

by AIP Online Bureau | Jul 18, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance

Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V. on Friday entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance...

Rural demand revival to boost FMCG, Auto and Mobile phone sales: Report

by AIP Online Bureau | Jul 18, 2025 | Data, Eco/Invest/Demography

Expectations of a healthy Rabi season, supported by normal monsoons, adequate soil moisture, and strong water reservoir levels, are also likely to boost rural incomes across major crop-producing states. New Delhi:The revival in rural demand is expected to play a key...

India’s insurance sector to see slower growth due to muted auto sales and weak corporate health renewals: Report

by AIP Online Bureau | Jul 18, 2025 | Data, Health, Non-Life

“We expect slower industry growth largely due to a slowdown in motor sales…… Retail health expanded 9.8 per cent YoY while group remained flat at -0.1 per cent YoY dragged by lower corporate policy renewals.” New Delhi: The insurance industry in India is...
Legal battle with X: Centre shows fake ‘Supreme Court of Karnataka’ account in HC

Legal battle with X: Centre shows fake ‘Supreme Court of Karnataka’ account in HC

by AIP Online Bureau | Jul 18, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Appearing for the Centre in its ongoing face-off with social media giant X Corp, Solicitor General (SG) Tushar Mehta presented the account as evidence of how easily digital platforms can be misused to mislead the public Bengaluru: Solicitor General (SG) Tushar Mehta...
EU imposes sanctions on Rosneft’s India refinery, lowers oil price cap

EU imposes sanctions on Rosneft’s India refinery, lowers oil price cap

by AIP Online Bureau | Jul 18, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

“For the first time, we’re designating a flag registry and the biggest Rosneft refinery in India,” EU foreign policy chief Kaja Kallas said in a post on X. Other measures adopted by EU include sanctions on dozens more vessels in Russia’s shadow...
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