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IRDAI unveils pricing & procedures for long term motor policy

by AIP Online Bureau | Aug 28, 2018 | Indian News, Regulation

  Hyderabad: As the Sep1 dead line for launching  the long term motor policy, as earlier instructed by the Supreme Court, is fast approaching , the insurance regulator IRDAI has issued detailed guidelines and pricing for the new range of products on...

India to be one of world’s blockchain leaders by 2023: Survey

by AIP Online Bureau | Aug 28, 2018 | Indian News, Technology

  New DelhI: With the right amount of industry and government participation, India could be in leadership ranks in adoption of blockchain technology in the next five years, says a survey by global consultancy firm PwC.   A blockchain is a distributed ledger...

LIC board gives in principle approval to acquire 14.9% stake In IDBI Bank

by AIP Online Bureau | Aug 28, 2018 | Indian News

  Mumbai: IDBI Bank on Tuesday said Life Insurance Corporation (LIC) will buy 14.9 per cent equity stake in the bank, a move that would eventually lead to the acquisition of the majority stake in the state-owned lender.   In August, the Union Cabinet had...

Buffett’s Berkshire confirms stake buy in Paytm, pegged at Rs 2500cr

by AIP Online Bureau | Aug 28, 2018 | Indian News

  Mumbai: Berkshire Hathaway Inc invested Rs 2500 crore ($356 million) in the Indian company behind digital payments firm Paytm, according to a source with direct knowledge of the deal, in a foray by the conglomerate into India and the financial payments...

LIC eyes to become a `Global Financial Conglomerate’’:Chairman Sharma

by AIP Online Bureau | Aug 27, 2018 | Indian News

  Mumbai: After taking over the IDBI Bank, the life insurance behemoth Life Insurance Corporation(LIC), with over Rs 30 trillion of assets and over 30 crore policies, has now set its eyes to develop itself as a `Global Financial  Conglomerate’....
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