by AIP Online Bureau | Aug 28, 2022 | Banking & Bancassurance, Indian News, Life
”The bank currently holds about 13 per cent and we are hopeful that over the next 2-3 quarters they would be able to take it to 20 per cent,” Tripathy New Delhi: Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the...
by AIP Online Bureau | Aug 28, 2022 | Health, Indian News, Life, Regulation
The life sector players such as LIC, private players like ICICI Prudential Life, HDFC Life, and Bajaj Allianz Life, among others, are unanimous in saying that all of them were offering health insurance before the sectoral regulator Irdai in 2016 abruptly asked them to...
by AIP Online Bureau | Aug 28, 2022 | Indian News, Non-Life
Asked about the demolition cost, Arora said Supertech is paying Rs 17.5 crore to Edifice Engineering, which was tasked with safely pulling down the structures, including the premium amount for a Rs 100-crore insurance cover. In addition, there are several other costs...
by AIP Online Bureau | Aug 28, 2022 | Indian News, Non-Life, Technology
The dominant targets are still five key industries: education, municipalities, healthcare, infrastructure and finance. Researchers also saw a spike in the number of service providers that have been hit with a ransomware attack Ransomware attackers remain defiant and...
by AIP Online Bureau | Aug 27, 2022 | International News, Policy, Regulation
European antitrust watchdogs have filed antitrust cases against Apple over its App Store fees and the iPhone’s treatment of tap-to-pay technology After taking on Meta (Facebook) and Google with antitrust lawsuits, the US Department of Justice (DOJ) is reportedly...
by AIP Online Bureau | Aug 27, 2022 | Eco/Invest/Demography, International News, Policy
While there is little doubt that, during its lifetime, the BRI has become the largest transnational infrastructure programme ever undertaken by a single country, said the Forum’s President Lord Bruce, in recent years evidence is mounting to show that China is...
by AIP Online Bureau | Aug 27, 2022 | Indian News, Non-Life, Policy
In a meeting convened by the GIPSA on Saturday to discuss about the restructuring of four PSU general insurance companies, Suchita Gupta, CMD, National Insurance Company and chairperson, GIPSA, had informed the unions that the offering of 12 per cent wage hike to the...
by AIP Online Bureau | Aug 27, 2022 | Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman,Union Finance Minister “India is still the fastest growing economy. We are definitely at the range of 7.4 per cent (GDP). The level will continue even the next year.” New Delhi: Highlighting the recovery of the economy and flow of...
by AIP Online Bureau | Aug 27, 2022 | Banking & Bancassurance, Data, Eco/Invest/Demography
The total portfolio outstanding of retail industry increased from Rs 71 lakh crore (March 2020) to Rs 80 lakh crore (March 2021), and further to Rs 89 lakh crore as of March 2022 Private banks experienced the highest growth of portfolio outstanding with a 32 per cent...
by AIP Online Bureau | Aug 26, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Early in the pandemic, Moderna said it would not enforce its COVID-19 patents to help others develop their own vaccines, particularly for low- and middle-income countries. But in March 2022 Moderna said it expected companies such as Pfizer and BioNTech to respect its...
