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Ajit Jain’s promotion provides clarity on Buffett succession plans

by AIP Online Bureau | Jan 10, 2018 | International News, Reinsurance

Berkshire Hathaway Inc  on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett atop the conglomerate . Jain, 66, Berkshire’s top...

India has enormous potential, says World Bank, projects 7.3% growth in 2018

by AIP Online Bureau | Jan 10, 2018 | Articles

New Delhi: Even as the Indian  government on Wednesday relaxed FDI norms in various sectors such as single brand retail and allowed foreign airlines to invest up to 49 per cent in Air India, World Bank has said that India has enormous potential and has projected...

Nissan-Renault partnership plans $1 bn fund for auto tech startups

by AIP Online Bureau | Jan 10, 2018 | Articles, Technology

The world’s largest automotive alliance will invest as much as $1 billion to fund mobility startups over the next five years as it looks to make inroads with new technology at a time of rapid upheaval for the transportation sector. Carmaking partners Renault SA,...

400 deaths a day are forcing India to take car safety seriously

by AIP Online Bureau | Jan 10, 2018 | Articles, Risk Management

Mumbai: In India, more than 150,000 people are killed each year in traffic accidents. That's about 400 fatalities a day and far higher than developed auto markets like the US, which in 2016 logged about 40,000.  Now, Prime Minister Narendra Modi's...

Crop insurance scheme likely to get Rs 13,000 cr in FY19 budget

by AIP Online Bureau | Jan 10, 2018 | Indian News

NEW DELHI: The Centre is likely to increase the budget allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to ₹13,000 crore for 2018-19 from ₹10,701 crore for the current financial year, sources said.   The Union Budget for 2018-19 will be presented on...
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