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Russia’s state-owned RNRC to reinsure Russian oil shipments

by AIP Online Bureau | Jun 11, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

The sources, who declined to be identified due to the sensitivity of the issue, said Russian central bank-controlled RNRC was now the main company providing state guarantees to Russian insurance firms that offered cover such as Ingosstrakh, which insures Russian...

Govt issues new guidelines to prevent misleading advertisements

by AIP Online Bureau | Jun 10, 2022 | Indian News, Policy, Regulation

Penalties for violating the guidelines are also clearly outlined. CCPA can impose a penalty of up to Rs 10 lakh on manufacturers, advertisers and endorsers for any misleading advertisements. For subsequent contraventions, CCPA may impose a penalty of up to Rs 50 lakh....

Sebi warns investors against unregulated platforms offering algo trading

by AIP Online Bureau | Jun 10, 2022 | Indian News, Regulation, Wealth Management/ Philanthropy

“Investors are therefore cautioned against dealing with such unregulated platforms and cautioned against sharing any sensitive personal details with such platforms,” it added Mumbai: Capital markets regulator Sebi on Friday cautioned investors against...

Covid origins unclear but laboratory leak theory needs study: WHO

by AIP Online Bureau | Jun 10, 2022 | Health, International News, Pandemic

In a report released Thursday, WHO’s expert group said key pieces of data are still missing to explain how the pandemic began. The scientists said the group would remain open to any and all scientific evidence that becomes available in the future to allow for...

Govt likely to invite preliminary bids for IDBI Bank privatisation next month: Official

by AIP Online Bureau | Jun 10, 2022 | Banking & Bancassurance, Indian News, Policy

The official said while the quantum of stake dilution of both the government and LIC is yet to be decided, the management control in IDBI Bank will be transferred in the strategic sale New Delhi: The government is likely to invite preliminary bids for privatising IDBI...
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