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Garuda Aerospace to assist NDRF in flood affected Gujarat, AP

by AIP Online Bureau | Jul 16, 2022 | Disaster & Management, Indian News, Technology

The drones would be deployed to deliver food and necessary medicines to people affected by the floods in Vadodara (Gujarat) and in Guntur, Andhra Pradesh Chennai: Drone start-up Garuda Aerospace has offered its assistance to National Disaster Response Force in...
ICICI Pru life posts a net profit of Rs156 crore in Q1FY2023

ICICI Pru life posts a net profit of Rs156 crore in Q1FY2023

by AIP Online Bureau | Jul 16, 2022 | Indian News, Life, Reinsurance

For Q1-FY2023, the life insurer has registered a 31.6% growth in its Value of New Business (VNB), a measure of profitability of a life insurer. The VNB of the company stood at Rs 471 crore with a VNB margin of 31% Mumbai: ICICI Prudential Life Insurance, the fourth...

PNB MetLife announces Rs 594 crore bonus for 4.95 lakh policyholders

by AIP Online Bureau | Jul 16, 2022 | Briefs, Indian News, Life

PNB MetLife India Insurance Company (PNB MetLife) has announced a 12% higher bonus of Rs 594 crore for 4.95 lakh policyholders of participating products for FY22. Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, “This is the highest bonus that we have ever...
Centre declared Assam floods as ‘severe natural calamity’, providing funds for relief: Himanta

Centre declared Assam floods as ‘severe natural calamity’, providing funds for relief: Himanta

by AIP Online Bureau | Jul 16, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News

Assam has witnessed two waves of floods since April 6, with the second having been devastating, affecting 90 lakh people or one-third of the state’s population, while 195 people have lost their lives and 37 people are still missing Guwahati: Centre has declared...

CCI approves acquisition of Ageas Federal Life Insurance by Ageas Insurance

by AIP Online Bureau | Jul 16, 2022 | Indian News, Life, Regulation

The proposed combination pertains to the acquisition of further shareholding in Ageas Federal Life Insurance Company Limited (AFLI) by Ageas Insurance International NV (Acquirer), CCI said in a statement New Delhi: The Competition Commission of India (CCI) on Friday...
Labour codes’ implementation at appropriate time: Bhupender Yadav

Labour codes’ implementation at appropriate time: Bhupender Yadav

by AIP Online Bureau | Jul 16, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Pension & Social Security, Regulation

Union Labour Minister Bhupender Yadav The new laws are in tune with the changing labour market trends and at the same time accommodate the minimum wage requirement and welfare needs of the unorganised sector workers, including the self-employed and migrant workers,...

Emergence of new COVID variants a risk to global economic outlook: Moody’s

by AIP Online Bureau | Jul 16, 2022 | Health, International News, Pandemic

The study found the variant is four times more resistant to messenger RNA vaccines than earlier strains of Omicron, which include Pfizer and Moderna Covid-19 vaccines, Xinhua news agency reported Unvaccinated people have about a five times higher chance of contracting...
Planting of summer crops ramps up in India as monsoon revives

Planting of summer crops ramps up in India as monsoon revives

by AIP Online Bureau | Jul 15, 2022 | Eco/Invest/Demography, Indian News, Non-Life

Except North India, most parts of the country have received above-normal rainfall so far this month, and that has accelerated planting India has received 13% more rainfall than normal since the start of monsoon season on June 1, but some rice-growing states such as...
“Yet to decide on mandatory disclosure of commissions on the policy documents” says IRDAI

“Yet to decide on mandatory disclosure of commissions on the policy documents” says IRDAI

by AIP Online Bureau | Jul 15, 2022 | Indian News, Intermediaries, Life, Non-Life, Regulation

“It has come to the notice of the Authority that concerns are being expressed in some quarters regarding mandatory disclosure of commissions on the policy documents. The concerns emanate from certain recommendations made by Working Groups constituted by the...
World Bank approves $100m to support Nepal’s green, resilient, and inclusive development

World Bank approves $100m to support Nepal’s green, resilient, and inclusive development

by AIP Online Bureau | Jul 15, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

This shift will help the country continue to make progress on expanding and protecting prosperity while reducing poverty in the face of compounding challenges that affect Nepal’s development, including COVID, disaster, climate and environmental risks,”...
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