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Aviva raises its stakes to 74% in Indian JV

by AIP Online Bureau | Sep 30, 2022 | Eco/Invest/Demography, Indian News, Life, Regulation

Aviva is the third foreign player to hike its stake in an Indian insurance JV New Delhi: UK major Aviva plc announced that it has acquired an additional 25 per cent stake from Dabur Invest Corp. in its joint venture in India, Aviva Life Insurance Company India Limited...

Regulations for offline payment aggregators to be at par with online peers, says RBI

by AIP Online Bureau | Sep 30, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

RBI, Governor Shaktikanta Das said there will be ”convergence on standards of data collection and storage” after the move, meaning that such companies will not be able to store details like those of credit and debit cards of a customer Mumbai: Regulations...

Australian police seek to protect 10,000 customers after Optus hack

by AIP Online Bureau | Sep 30, 2022 | International News, Technology

Under Australian law, official documents are assigned point scores that can be used for identity verification purposes to clear sensitive transactions, which typically demand at least 100 identification points. The stolen data included passport numbers, which are...

Death toll in Florida uncertain as Ian takes aim at Carolinas

by AIP Online Bureau | Sep 30, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The storm transformed Florida’s southwestern shoreline, dotted with sandy beaches, coastal towns and mobile home parks, into a disaster zone as Ian swept seawater into waterfront homes. Ian, one of the strongest storms ever to hit the U.S. mainland, flooded Gulf...

Indian monsoon season ends with 7% excess rainfall, says IMD

by AIP Online Bureau | Sep 30, 2022 | Data, Eco/Invest/Demography, Non-Life, Reinsurance

Though the country as a whole has received excess rainfall, the distribution has been uneven with the desert state of Rajasthan reporting 36 per cent more rains than normal and the north-east region, which witnesses copious showers, receiving deficit rainfall New...
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