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IDFC First Bank raises Rs 3,200 cr by selling shares to LIC, 5 other insurers

by AIP Online Bureau | Jul 5, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Life, Non-Life

The names of the six companies to whom shares have been allotted are Life Insurance Corporation of India, HDFC Life Insurance Company, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, ICICI Lombard General Insurance Company and SBI...
$ 20 billion dry powder chasing Indian AI Startups, says Rajan Anandan

$ 20 billion dry powder chasing Indian AI Startups, says Rajan Anandan

by AIP Online Bureau | Jul 5, 2024 | Eco/Invest/Demography, Indian News, Technology

“We are beginning to see a very different weave of AI-Application companies in India, the companies that are leveraging AI to build useful applications where investments can be seen. These companies are working across sectors such as consumer applications,...
LIC ropes in A. T. Kearney to revamp its 14 lakh agency force

LIC ropes in A. T. Kearney to revamp its 14 lakh agency force

by AIP Online Bureau | Jul 4, 2024 | Indian News, Intermediaries, Life, Technology

Siddartha Mohanty, CEO & MD, Life Insurance Corporation To continue its legacy of agency-led growth, LIC has embarked on an ambitious mission “Jeevan Samarth” that aims on future-proofing its entire ~14 Lakh agent workforce to meet the rapidly evolving needs of...
Assam flood situation deteriorates, 16.50 lakh people affected in 29 districts

Assam flood situation deteriorates, 16.50 lakh people affected in 29 districts

by AIP Online Bureau | Jul 4, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

Chief Minister Himanta Biswa Sarma chaired a meeting on the flood situation with all District Commissioners late on Wednesday night and directed them to be liberal in granting relief as per norms, complete all rehabilitation claims as per norms before August 15 and...

Not politics, not interest rates: India’s surging economy at risk from water

by AIP Online Bureau | Jul 4, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Features, Health, Policy, Risk Management

The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest. Contaminated water kills about 200,000 Indians each year, according to the government. People and the economy are...
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