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BNP Paribas Cardif offloads 5% stake in SBI Life via open market sale

by AIP Online Bureau | Mar 12, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life

  Mumbai: BNP Paribas Cardif on Friday sold over 5 crore shares in SBI Life Insurance for an undisclosed amount through the open market sale, bringing its shareholding to less than 1 per cent in the insurer. The French insurer held a 5.20 per cent stake in SBI...

Delhi govt directs malls, hotels, offices, restaurants to make space for electric vehicles with EV chargers

by AIP Online Bureau | Mar 12, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Technology

  New Delhi: Delhi Power Minister Satyendar Jain has directed all buildings like malls, shopping complexes, cinema halls/multiplexes, office spaces, hotels, restaurants, hospitals with a parking capacity of over 100 vehicles to set aside at least 5 per cent of...

India reports 23,285 new COVID-19 cases, 117 deaths in last 24 hours

by AIP Online Bureau | Mar 12, 2021 | Eco/Invest/Demography, Health, Indian News

New Delhi: As many as 23,285 new COVID-19 cases and 117 deaths were reported from India in the last 24 hours, the Union Ministry of Health and Family Welfare informed on Friday. With this, the total number of positive coronavirus cases reported in the country now...

Insurers, reinsurers prepare for battle over UK COVID-19 business payments

by AIP Online Bureau | Mar 12, 2021 | Eco/Invest/Demography, Health

  London: Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who should foot the bill, industry sources said. Bars,...

German ‘insurtech’ Wefox plans risk-prevention product

by AIP Online Bureau | Mar 12, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

  BERLIN: German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke told Reuters on Thursday. The product, to...
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