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Dec 2023 quarter: Maha had max fake firms, Delhi top GST dodger

by AIP Online Bureau | Jan 9, 2024 | Data, Eco/Invest/Demography, Policy, Regulation, Risk Management

Of the 4,153 fake firms, Maharashtra topped the list with 926, followed by Rajasthan (507), Delhi (483), Uttar Pradesh (443), Haryana (424), Karnataka (223), Tamil Nadu (185), Gujarat (178), Odisha (138), West Bengal (126), and Telangana (117) Mumbai: In a dubious...
Record thunderstorm losses and deadly earthquakes in 2023, says Munich Re

Record thunderstorm losses and deadly earthquakes in 2023, says Munich Re

by AIP Online Bureau | Jan 9, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Thomas Blunck, member of the Board of Management, Munich Re Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn). Overall losses tally with the five-year...
Gujarat’s GIFT City to be one of the top global financial centres in coming years CM Patel

Gujarat’s GIFT City to be one of the top global financial centres in coming years CM Patel

by AIP Online Bureau | Jan 9, 2024 | Eco/Invest/Demography, Indian News, Policy

Elaborating on the GIFT-IFSC, Gujarat Chief Minister Bhupendra Patel said there are 580 operational entities in the International Financial Services Centre (IFSC). Notable large-scale investments have already been flowing in GIFT-IFSC, including global players like...
United, Alaska find loose parts on 737 MAX planes, raising pressure on Boeing

United, Alaska find loose parts on 737 MAX planes, raising pressure on Boeing

by AIP Online Bureau | Jan 9, 2024 | International News, Regulation, Risk Management, Technology

The Federal Aviation Administration said planes would remain grounded “until operators complete enhanced inspections which include both left and right cabin door exit plugs, door components, and fasteners.” WASHINGTON/CHICAGO: Boeing’s latest 737 MAX...

Chinese war over Taiwan may cost world economy $10 trillion

by AIP Online Bureau | Jan 9, 2024 | Eco/Invest/Demography, Risk Management

Globally, 5.6% of total value added comes from sectors using chips as direct inputs — nearly $6 trillion. Total market cap for the top 20 customers of chip giant Taiwan Semiconductor Manufacturing Co. is around $7.4 trillion. The Taiwan Strait is one of the world’s...
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