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IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pc

by AIP Online Bureau | Jul 3, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

RCap administrator is likely to file the IIHL resolution plan in the NCLT Mumbai this week as the deadline of July 15 to file is approaching. Operating companies under Reliance Capital are into insurance (life, general and health), asset reconstruction and broking...
Future of Forests: France’s wildfires ignite debate on cutting planet-heating emissions

Future of Forests: France’s wildfires ignite debate on cutting planet-heating emissions

by AIP Online Bureau | Jul 3, 2023 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography

Globally, rising temperatures and land-use change are projected to result in a 50% rise in the number of catastrophic wildfires by 2100, according to the U.N. Environment Programme – and governments around the world are grappling with how best to protect their...

SC to hear IRDAI’s appeal against SAT’s Sahara Life order on July 10

by AIP Online Bureau | Jul 3, 2023 | Workplace/Employee Benefits

“Any stay of the June 2, 2023, order may preclude SBI Life from effectively servicing the accounts of the policyholders. There is a strong prima face case for setting aside SAT’s “erroneous” order and the stay is also needed to...

Reinsurers’ discipline continues at 7/1 renewal: Gallagher Re

by AIP Online Bureau | Jul 3, 2023 | Intermediaries, International News, Non-Life, Reinsurance

Tom Wakefield, Global CEO Gallagher Re, said: “With the improved terms and conditions available in the reinsurance market, some existing reinsurers are leaning into the hardening market, committing more of their existing capital, as well as any new capital they are...
Mcap of BSE-listed firms reaches record high of Rs 297.94 lakh cr

Mcap of BSE-listed firms reaches record high of Rs 297.94 lakh cr

by AIP Online Bureau | Jul 3, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

”After key benchmark indices scaled fresh peaks last week, investors are hoping that FIIs would continue to increase exposure to Indian markets, given the strong growth trajectory. India’s record GST collections for the month of June further signifies the...
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