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Standard Life sells 5% stake in HDFC Life for Rs 5,750-cr

by AIP Online Bureau | Oct 30, 2019 | Indian News, Life

  Mumbai: UK's Standard Life on October 30 divested 4.95 per cent stake in HDFC Life Insurance Company for a little over Rs 5,750 crore through open market transactions. The US-based Capital Group is among the buyers which picked up shares of the insurance...

TMK launches Cyber Ctrl in Asia

by AIP Online Bureau | Oct 29, 2019 | International News, Non-Life

  Singapore: Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, in Asia.   The product covers a range of first party losses including business interruption and provides clients with crisis management support in the wake of a breach....

Companies have spent Rs 50,000 crore on CSR in 5 years: Government

by AIP Online Bureau | Oct 29, 2019 | Eco/Invest/Demography, Health, Indian News

    New Delhi:: The corporate sector has set aside over Rs 10,000 crore every fiscal year since 2014-15 towards corporate social responsibility(CSR), President Ram Nath Kovind said.   He said the Companies Act was amended in 2013-14 making it mandatory...

IndiGo places firm order for 300 A320neo family aircraft

by AIP Online Bureau | Oct 29, 2019 | Eco/Invest/Demography, International News, Non-Life

  Mumbai: Budget carrier IndiGo announced on Tuesday it has placed a firm order for 300 A320neo family aircraft, comprising A320neos, A321neos and A321XLRs.   The airline, however, did not disclose the value of order.   With this, IndiGo's total...

DGCA asks GoAir to replace PW engines of 13 A30Neo aircraft within 15 days

by AIP Online Bureau | Oct 29, 2019 | Indian News, Non-Life

  New Delhi: Civil aviation regulator DGCA on Tuesday asked GoAir to replace 13 A320Neo aircraft’s PW engines, which have been used for over 3,000 hours, within the next 15 days or face grounding of airplanes, an official said. The 13 aircraft have to be...
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