by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Regulation, Technology
An amendment to India’s Payment and Settlement Systems Act, tabled in parliament by Finance Minister Nirmala Sitharaman, would allow the introduction of a merchant discount rate (MDR) on digital payments, according to industry and regulatory sources. NEW...
by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, International News
The commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea off the coast of Yemen on August 4, India’s Foreign Ministry said, adding that it is coordinating with the Yemeni authorities over this incident. A projectile struck an Indian-flagged vessel...
by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy
“Offer for Sale in LIC received an overwhelming response from the institutional investors and was over-subscribed 3.32 times of its base size. This enthusiastic participation reflects robust investor confidence and the depth of India’s capital markets. In...
by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Technology
The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...
by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Technology
Seeking greater accountability, the bench asked the authorities to submit a report containing state-wise and bank-wise details of grievances registered and disposed of under the cyber fraud redressal mechanism.It further directed authorities to ensure the prompt...
by AIP Online Bureau | Aug 4, 2026 | Indian News
Flight AI 2379, an Airbus A320 carrying 134 passengers, was approaching Delhi on Tuesday morning when it encountered intense weather conditions. The aircraft reportedly shook violently and tilted sharply for several minutes, causing panic among passengers. New...
by AIP Online Bureau | Aug 4, 2026 | Articles, Banking & Bancassurance, Life
India’s insurance market is entering a new phase where distribution scale alone will no longer determine growth. As customer journeys become increasingly digital and interconnected, insurers must bring product, underwriting, technology, marketing, operations and...
by AIP Online Bureau | Aug 4, 2026 | Articles, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management
Rising geopolitical tensions are turning war from a distant threat into a tangible business risk for Indian companies exposed to global trade, shipping and supply chains. With conventional insurance policies largely excluding war-related losses, businesses need to...
by AIP Online Bureau | Aug 4, 2026 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Technology
India’s electric mobility revolution is moving from promise to reality, with EV sales recording strong growth across segments. As adoption accelerates, insurers must rethink traditional motor cover to address battery risks, charging infrastructure, specialised...
by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology
AI safety experts said the new disclosures paint a portrait of a group of cutting-edge labs whose ability to develop dangerous autonomous hacking agents outstrips their ability to keep them under control. OpenAI has discovered other instances in which autonomous...
