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Severe cyclone ‘Dana’ begins landfall process on Odisha coast: IMD

by AIP Online Bureau | Oct 25, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News

However, there was no report of any major damage or casualty so far even as the landfall process started more than an hour ago, the official said Bhubaneswar: The landfall process of severe cyclonic storm ‘Dana’ began on Odisha coast on Thursday night and...

FSIB selects 5 EDs for PSU general insurance cos

by AIP Online Bureau | Oct 24, 2024 | Indian News, Non-Life, Policy

Ayyappan Chakravarty Seshadri, general manager, New India Assurance(NIA) has been kept as a standby candidate for the ED post at Agriculture Insurance Company(AIC) in case Lavanya Mundayur, who has already been recommended for the post CMD of the company(AIC),...
Ambani’s Jio Financial in talks with Allianz SE to set up insurance JVs in India

Ambani’s Jio Financial in talks with Allianz SE to set up insurance JVs in India

by AIP Online Bureau | Oct 23, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life

Mukesh Ambani, chairman, Reliance Industries Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business. Setting up insurance operations...

Allianz to exit 2 insurance JVs with Bajaj Group

by AIP Online Bureau | Oct 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life

Market sources pointed out Allianz plans to exit Bajaj Allianz Life Insurance Co. and Bajaj Allianz General Insurance Co. because its Indian partner isn’t allowing the German insurer to raise its stakes at a discounted price which was agreed upon at the time of...
Market Crash: Investors poorer by Rs 9.19 lakh cr in single day

Market Crash: Investors poorer by Rs 9.19 lakh cr in single day

by AIP Online Bureau | Oct 22, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Wealth Management/ Philanthropy

“There has been no respite from FIIs selling in local equities in the current month so far, which has been creating uncertainty among domestic investors. Also, foreign investors are fleeing Indian equities to invest in relatively cheaper locations such as China,...
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