by AIP Online Bureau | Mar 4, 2020 | International News, Reinsurance
BENGALURU/MILAN: Investment group Exor said on Tuesday it has entered a memorandum of understanding (MoU) to sell its 100% stake in Bermuda-based reinsurer PartnerRe to France’s Covea for $9 billion in cash. Covéa has said that the...
by AIP Online Bureau | Mar 4, 2020 | Eco/Invest/Demography, Health
New Delhi: Amid a coronavirus scare, the DGCA on Tuesday asked airlines and airports to take specific measures such as providing protective gears like surgical masks and gloves to crew members and passengers and having multiple hand sanitising points at...
by AIP Online Bureau | Mar 4, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Intermediaries
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the exercise of consolidation of 10 public sector banks (PSBs) into four is on course and the merger will come into effect from April 1, 2020. The Union Cabinet, she said, has given a...
by AIP Online Bureau | Mar 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
WASHINGON: The U.S. Federal Reserve cut interest rates by 50 basis points, the largest since global financial crisis, on Tuesday in a bid to shield the world’s largest economy from the impact of the coronavirus, but the emergency move failed to comfort...
by AIP Online Bureau | Mar 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: India has seen the number of coronavirus cases rising to 28, Union Health Minister Harsh Vardhan announced on Wednesday. Benchmark indices were trading lower on Wednesday, dragged down by selling in banks and metal counters, as Harsh Vardhan...
