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FPIs withdraw Rs 28,200 cr from Indian equities on poll jitters

by AIP Online Bureau | May 19, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Wealth Management/ Philanthropy

There are two main reasons why FPIs have been selling in FY2025. First, there’s uncertainty about the general elections. FPIs generally don’t like uncertainty; they prefer to play it safe and lock in the profit they made last year. Second, the market...
Wildfires could affect over half of Canada’s oil sands output: Report

Wildfires could affect over half of Canada’s oil sands output: Report

by AIP Online Bureau | May 19, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Companies like Suncor Energy, Canadian Natural Resources and Imperial Oil have oil sands projects within 150 km of Fort McMurry, an oil sands hub in Northern Alberta, with many workers living in the city More than half of the oil sands production from Canada could be...

Dieselgate: Volkswagen’s $54 million settlement with Italian owners

by AIP Online Bureau | May 19, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

In the settlement, over 60,000 car owners affected by the emissions fraud will be paid up to 1,100 euros each, Italian consumer group Altroconsumo said in a statement. The scandal rocked the automotive industry in 2015 when it emerged that vehicles had been fitted...
Buffett ends suspense, reveals Berkshire’s $6.7 billion stake in insurer Chubb

Buffett ends suspense, reveals Berkshire’s $6.7 billion stake in insurer Chubb

by AIP Online Bureau | May 19, 2024 | Eco/Invest/Demography, International News, Non-Life, Technology, Wealth Management/ Philanthropy

Warren Buffett, chairman, Berkshire Hathaway Buffett’s Berkshire is deeply familiar with the insurance industry, owning a range of companies including Geico and National Indemnity. The billionaire investor has called Berkshire’s property-casualty insurance operation...

Digital Competition Bill: Strengthen existing regulatory bodies like CCI, NCLAT, says Nasscom

by AIP Online Bureau | May 19, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

While there may be an enforcement concern, it is pertinent to examine the resource challenge of the Competition Commission of India (CCI) that looks into anti-market practices of the Big Tech platforms New Delhi: As India aims to adopt the Digital Competition Bill to...
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