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LIC completes acquisition of 51% stake in IDBI Bank

by AIP Online Bureau | Jan 21, 2019 | Banking & Bancassurance, Indian News, Life

  Mumbai: IDBI Bank Monday said insurance behemoth LIC has completed acquisition of 51 per cent controlling stake in the bank, making it the lender's majority shareholder.   "The deal, conceptualised in June 2018, is envisaged as a win-win situation...

AGCS opens reinsurance branch in India, targets EUR50 million premium over next 5 yrs

by AIP Online Bureau | Jan 21, 2019 | International News, Non-Life, Reinsurance, Risk Management

  Mumbai: Allianz Global Corporate & Specialty SE (AGCS), dedicated carrier for corporate and specialty insurance business of German insurance giant Allianz SE, launched their new India reinsurance branch office in Mumbai on Monday and is targeting ...

World’s oldest man dies in Japan at 113

by AIP Online Bureau | Jan 20, 2019 | Eco/Invest/Demography, Facts, Life

  ‘World's oldest man’ Masazo Nonaka, who was born in 1905, just two years after the Wright brothers launched humanity's first powered flight, died on January 20, aged 113, Japanese media said.   Nonaka was born in July 1905, according to...

India likely to surpass UK in the world’s largest economy rankings: PwC

by AIP Online Bureau | Jan 20, 2019 | Eco/Invest/Demography, International News

  London: India is likely to cross the United Kingdom in the world’s largest economy rankings in 2019, a report published by global consultancy firm PwC stated. “India and France are likely to surpass the UK in the world’s largest economy...

Scientists reveal ideal diet that can prevent 11 million deaths each year

by AIP Online Bureau | Jan 20, 2019 | Facts, Health

  Scientists have unveiled what they say is an ideal diet for the health of the planet and its populations — including a doubling of consumption of nuts, fruits, vegetables and legumes, and a halving of meat and sugar intake. If the world followed the...
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