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LIC IPO: Govt to take call in best interest of investors, DIPAM Secy

LIC IPO: Govt to take call in best interest of investors, DIPAM Secy

by AIP Online Bureau | Mar 5, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

DIPAM Secretary Tuhin Kanta Pandey said that while the government’s desire is to come out with the Initial Public Offer (IPO) of the state-owned life insurer in the current fiscal, it is a ”dynamic situation’. New Delhi: The government will take a...

Italy’s Generali to pull out of Russia as Intesa reviews business

by AIP Online Bureau | Mar 4, 2022 | International News, Non-Life, Reinsurance

Europe’s No 3 insurer said its exposure to the Russian market in terms of investments and insurance business was under constant evaluation. The moves come as Western countries seek to distance themselves from Russian business after President Vladimir Putin...

Russia central bank increases capital of reinsurance firm specialising in sanctions risk

by AIP Online Bureau | Mar 4, 2022 | International News, Non-Life, Reinsurance, Risk Management

MOSCOW: Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against international sanctions, to 300 billion roubles ($3.08 billion) from 71 billion...
Govt to push LIC IPO to next fiscal amid market swings

Govt to push LIC IPO to next fiscal amid market swings

by AIP Online Bureau | Mar 4, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

Finance Minister Nirmala Sitharaman said this week she “wouldn’t mind” taking another look at the timing of the LIC offering, though ideally she’d like to go ahead with it. Even if it doesn’t pursue the share sale on the original timeline, the government is still...

Europe’s largest nuclear power plant in Ukraine on fire after shelling

by AIP Online Bureau | Mar 4, 2022 | International News

The plant’s reactor is a different type than the one used at Chernobyl, and there should be little risk if the containment vessel is not damaged and outside power can be restored, said Jon B. Wolfsthal, a former senior director for arms control and nonproliferation at...
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