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Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary

Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary

by AIP Online Bureau | Aug 14, 2025 | Banking & Bancassurance, Indian News, Non-Life

In a letter made public on Monday, the Justice Department said the subsidiary, Liberty General Insurance, paid $1.47 million in bribes to six state-owned banks, which in exchange referred customers to its insurance products. Washington: US insurer Liberty Mutual will...
Trump tariffs to impact 55% of total Indian merchandise Exports To US, banks start scrutinising exporters

Trump tariffs to impact 55% of total Indian merchandise Exports To US, banks start scrutinising exporters

by AIP Online Bureau | Aug 11, 2025 | Eco/Invest/Demography, Indian News, Risk Management

Lenders are asking borrowers more pointed questions when vetting new export financing proposals or renewals of such funding, the people said. They added that some export orders are being put on hold while trade negotiations play out between New Delhi and Washington...

FPIs pullout Rs 17741 cr from Indian equities in July

by AIP Online Bureau | Aug 3, 2025 | Data

The recent selling pressure is largely due to the fresh reciprocal tariffs imposed by the United States, which has impacted India among several other countries. New Delhi: Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, with...

Affluent Indians need Rs 3.5 crore for comfortable retirement, says HSBC report

by AIP Online Bureau | Jul 30, 2025 | Data, Eco/Invest/Demography, Pension & Social Security, Wealth Management/ Philanthropy

“Investors (in India) are concerned about the cost of living and economic uncertainty. Compared to the global outlook, they are extremely confident in their ability to achieve financial goals,” the report notes. New Delhi: Indians will need to save an...

64.3% Indians now covered under social security, against 22% in 2016

by AIP Online Bureau | Jul 28, 2025 | Data, Eco/Invest/Demography, Pension & Social Security

The government’s initiatives for improving access to basic amenities are reflected in the rise in the percentage of the population using an improved drinking water source in rural areas, which has increased from 94.6% in 2015-16 to 99.6% in 2024-25. New Delhi:...
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