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More than $19B in PE insurance sector M&A already at record high

by AIP Online Bureau | Aug 31, 2021 | Eco/Invest/Demography, International News

 Ali Imran NaqviAnnie Sabater Private equity and venture capital firms have been pouring capital into insurance companies despite the uncertainties about claims and losses from the pandemic. PE-backed M&A in the sector globally reached $19.28 billion in...

Japan tests first autonomous cargo ship

by AIP Online Bureau | Aug 31, 2021 | Eco/Invest/Demography, International News, Non-Life, Technology

  In just two decades from now, half of all domestic ships plying Japan’s coastal waters may be piloting themselves. That’s the ambitious goal of the Nippon Foundation, a public-interest organization backing the country’s development of...

Indian growth jumps in April-June, helped by looser pandemic curbs

by AIP Online Bureau | Aug 31, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy

  New Delhi: India's economy rebounded in the April-June quarter even while a devastating second wave of COVID-19 swept the country, with growth of over 20% compared to a year earlier driven by a surge in manufacturing and higher consumer spending. The...

LIC’s total assets swell 22 % to Rs 38 trillion in FY 2021

by AIP Online Bureau | Aug 31, 2021 | Indian News, Life

  Mumbai: Even as government has started a massive preparation to launch Life Insurance Corporation's mega IPO, the life insurance behemoth has seen its total assets growing robustly by 22 per cent in year on year(y-o-y) to Rs. 38,04,610 crore in FY...

Prosus doubles down on India with $4.7 bln deal for BillDesk

by AIP Online Bureau | Aug 31, 2021 | Eco/Invest/Demography, International News

  AMSTERDAM, Aug 31 Prosus NV doubled down on its investment in India on Tuesday with a $4.7 billion deal for payments platform BillDesk, making it one of the biggest players in the country's fast-growing fintech sector. Prosus, Europe's answer to...
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