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Akasa Air, SpiceJet planes come in contact at Delhi airport; suffer damages

Akasa Air, SpiceJet planes come in contact at Delhi airport; suffer damages

by AIP Online Bureau | Apr 16, 2026 | Indian News

In a statement, SpiceJet said its Boeing 737-700 aircraft was involved in a ground occurrence while taxiing at the Delhi airport, resulting in damage to its right winglet and the left-hand horizontal stabiliser of another aircraft belonging to a different airline. New...
US rules out renewal of exemption from sanctions on Russian Iranian oil

US rules out renewal of exemption from sanctions on Russian Iranian oil

by AIP Online Bureau | Apr 16, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

On March 5, the US issued a 30-day sanctions waiver to India, permitting it to buy Russian oil despite sanctions imposed over the Ukraine war. “We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil....
Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

by AIP Online Bureau | Apr 16, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Hundreds of tankers and other ships and 20,000 seafarers have been stuck inside the Gulf since the war began on February 28. A ​two-week ceasefire came into effect on April 8 and U.S. President Donald Trump said on Wednesday the war ⁠was close to over, but control...
Polo Managing Agency supports launch of Syndicate 2047

Polo Managing Agency supports launch of Syndicate 2047

by AIP Online Bureau | Apr 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Syndicate 2047 began underwriting on 1 April 2026 and is the first Lloyd’s syndicate established in GIFT City, India’s international financial centre, marking a significant milestone for the market. London: Polo Managing Agency (PMA), part of PoloWorks, a Marco...
Nagaraju asks LIC to monetise massive data from its 29 crore policies

Nagaraju asks LIC to monetise massive data from its 29 crore policies

by AIP Online Bureau | Apr 15, 2026 | Eco/Invest/Demography, Indian News, Life, Policy, Technology

Lto R- Dinesh Pant, managing director(MD), LIC, R. Doraiswamy, MD and CEO,M Ngaraju, secretary,Department of Financial Services,Ratnakar Patnaik,MD at an event in Mumbai to launch LIC’s Customer App ‘MyLIC’, Nagaraju suggested the four multiline PSU general insurers,...
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