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Black Sea grain deal could start winding down next week ahead of ‘expected’ closure

by AIP Online Bureau | Apr 22, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life

Russia has strongly signaled that it will not allow the Ukraine Black Sea export deal – agreed in July last year – to continue beyond May 18 because a list of demands to facilitate its own grain and fertilizer exports has not been met. A deal allowing the...
ICICI Pru Life’s net grows 30% to Rs 235 crore in Q4FY23, VNB up 36%

ICICI Pru Life’s net grows 30% to Rs 235 crore in Q4FY23, VNB up 36%

by AIP Online Bureau | Apr 22, 2023 | Indian News, Life

N S Kannan, MD & CEO, ICICI Prudential Life Insurance said, “In April 2019, we had articulated our aspiration to double the FY2019 Value of New Business (VNB) in four years. We have successfully delivered this with a VNB of Rs 27.65 billion and industry leading...
HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI

HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI

by AIP Online Bureau | Apr 22, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

HDFC Bank or HDFC can increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to the effective date of the merger Mumbai: In a mixed bag for HDFC Bank ahead of the parent HDFC’s merger with itself,...
High heatwaves in India and Pakistan caused a decline in crop yields in 2022: WMO

High heatwaves in India and Pakistan caused a decline in crop yields in 2022: WMO

by AIP Online Bureau | Apr 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

”Heatwaves in the 2022 pre-monsoon season in India and Pakistan caused a decline in crop yields. This, combined with the banning of wheat exports and restrictions on rice exports in India after the start of the conflict in Ukraine, has threatened the...
Tesla wins key car crash trial involving Autopilot

Tesla wins key car crash trial involving Autopilot

by AIP Online Bureau | Apr 22, 2023 | International News, Risk Management, Technology

Justine Hsu, a resident of Los Angeles, sued the electric-vehicle maker in 2020, saying her Tesla Model S swerved into a curb while it was on Autopilot and then an airbag was deployed “so violently it fractured Plaintiff’s jaw, knocked out teeth, and...
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