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India Post invites proposal for consultancy on setting up insurance arm

by AIP Online Bureau | Sep 20, 2018 | Indian News

  New Delhi: India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.  "The consultant will prepare project report on setting up of Postal Life Insurance (PLI)...

Indian oil refiner part-owned by Iranian company cancels Iran oil imports

by AIP Online Bureau | Sep 20, 2018 | Indian News

  NEW DELHI:  India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.  ...

Suresh Prabhu orders safety audit of all airlines, airports

by AIP Online Bureau | Sep 20, 2018 | Indian News, Risk Management

  Mumbai: Civil Aviation Minister Suresh Prabhu Thursday ordered a safety audit of all scheduled airlines and airports, amid recent incidents related to safety of passengers.   The development also comes on a day when several passengers on a Jet...

Social media platforms account for 79% of e-commerce in India: PayPal

by AIP Online Bureau | Sep 20, 2018 | Data, Intermediaries, Technology

  Sales through social media platforms account for over 79 per cent of the total online selling of goods and services in India, a PayPal report said on Thursday.   Growing digitisation and increasing internet penetration in India have reportedly encouraged...

Digitally influenced spending in emerging markets to reach $4 trillion by 2022: Report

by AIP Online Bureau | Sep 19, 2018 | International News, Technology

  New Delhi: The value of digitally influenced spending in emerging markets will be around $4 trillion by 2022 and will amount to about half of all retail spending in Asia, Latin America and Africa, says a report.   According to the report by the Boston...
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