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India’s automobile sales surge 11.6 pc to record 2.5 crore units in 2024

India’s automobile sales surge 11.6 pc to record 2.5 crore units in 2024

by AIP Online Bureau | Jan 14, 2025 | Data, Eco/Invest/Demography, Non-Life

Passenger vehicles (PV) grew by 4.2 per cent in 2024 as compared to the previous year, with sales of around 43 lakh units. Three-wheelers posted a growth of 6.8 per cent in 2024 as compared to the previous year, with sales of 7.3 lakh units. New Delhi: India’s...
Vision-2047: India targets 100-pc severe weather detection, zero deaths

Vision-2047: India targets 100-pc severe weather detection, zero deaths

by AIP Online Bureau | Jan 14, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Technology

IMD Director General Mrutyunjay Mohapatra said the Vision-2047 document will help integrate weather and climate information into all national objectives, making India a “weather-ready” and “climate-smart” nation while improving socio-economic...
India likely to become world’s 3rd largest economy by 2030: Swiss Re

India likely to become world’s 3rd largest economy by 2030: Swiss Re

by AIP Online Bureau | Jan 14, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance, Risk Management

India’s insurance market projected to be the G20’s fastest-growing market over the next five years, with total premium volumes (life and non-life) up 7.3% in real terms on average each year. Growth underpinned by macroeconomic tailwinds, digitalisation progress and...

India set to reject oil tankers sanctioned by US for transporting Russian oil

by AIP Online Bureau | Jan 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management

A senior Indian bureaucrat told reporters that sanctioned vessels won’t be allowed to discharge. That excludes ships chartered before Jan. 10, provided they unload by March 12. Indian banks will demand certificates of origin to ensure crude doesn’t come from...

Tougher US sanctions to curb Russian oil supply to China and India

by AIP Online Bureau | Jan 12, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Sanctions on Russian oil insurers will prompt Russia to price its crude below $60 a barrel so Moscow can continue to use Western insurance and tankers Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and...
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