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NHPC’s 2000MW Lower Subansiri project in Sikkim incurred loss of Rs 1 075.97 cr due to flash floods

by AIP Online Bureau | Dec 26, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

The company in a regulatory filing said that the amount of damage caused by flash flood occurred on October 4, 2023 was to the tune of Rs 1,075.97 crore, which has been reported to the insurer New Delhi: State-run hydro power giant NHPC on Thursday said the flash...
Doha Insurance Group to set up reinsurance business in Gift City

Doha Insurance Group to set up reinsurance business in Gift City

by AIP Online Bureau | Dec 26, 2024 | Indian News, Non-Life, Regulation, Reinsurance

Doha Insurance Group(DIG) is currently working on completing the necessary procedures and obtaining the required regulatory approvals for Gift City project from the Qatar Central Bank and the other regulatory and supervisory authorities in the Republic of India, said...

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025

by AIP Online Bureau | Dec 25, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

As of now, foreign portfolio investors (FPIs) have made a net investment of over Rs 5,052 crore in the Indian equity markets and Rs 1.12 lakh crore in the debt market (till December 24), as per data available with the depositories. This follows the extraordinary Rs...

Indian markets to deliver positive returns for 9th year in a row, outperform US

by AIP Online Bureau | Dec 25, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

A report by Motilal Oswal said that Indian equities have outperformed US markets over the past 35 years, as investments in the Indian equity markets growing by nearly 95 times since 1990. New Delhi: Driven by strong fundamental and robust economic growth, the domestic...
Plane with 67 passengers crashes in Kazakhstan, many killed

Plane with 67 passengers crashes in Kazakhstan, many killed

by AIP Online Bureau | Dec 25, 2024 | International News, Non-Life, Reinsurance

According to Russian news agency Tass, 32 people have survived the passenger plane crash near Aktau in Kazakhstan, the press service of the Kazakh Emergencies Ministry reported ASTANA: A passenger plane crashed near the city of Aktau in Kazakhstan on Wednesday and...
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