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Elon Musk highest-paid CEO, followed by Apple’s Tim Cook, Fortune report

Elon Musk highest-paid CEO, followed by Apple’s Tim Cook, Fortune report

by AIP Online Bureau | May 29, 2022 | International News, Technology, Wealth Management/ Philanthropy

In 2021, Musk “realised” compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear “moonshot” grant After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech...

South-west monsoon arrives in Kerala three days ahead of onset, says IMD

by AIP Online Bureau | May 29, 2022 | Eco/Invest/Demography, Indian News

The south-west monsoon is considered the lifeline of India’s agri-based economy South-west monsoon has set in over Kerala on Sunday, May 29, against the normal date of onset of June 1, India Meteorological Department (IMD) Director General Mrutyunjay Mohapatra...
III and Thailand Insurance Institute sign MOU for nurturing professionals

III and Thailand Insurance Institute sign MOU for nurturing professionals

by AIP Online Bureau | May 29, 2022 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance

Both the institutions look forward to working together in the area of risk management and insurance learning, development of course material, certification/ accreditation through conduct of examinations and spreading insurance awareness through capacity building as...
Reliance spends Rs 1,185 cr on corporate social responsibility in FY22

Reliance spends Rs 1,185 cr on corporate social responsibility in FY22

by AIP Online Bureau | May 29, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

During FY 2021-22 (April 2021 to March 2022), Reliance undertook a range of initiatives through its pillars of work including rural transformation, health, education, disaster response along with sports for development initiatives Mumbai: Billionaire Mukesh...

Income of 94.11% registered informal workers at Rs 10,000 or below,74pc belong to SC, ST, OBC

by AIP Online Bureau | May 29, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

e-Shram portal is aimed at building a comprehensive National Database of Unorganized Workers (NDUW) in the country The data showed that 94.11 per cent of the registered informal workers have a monthly income of Rs 10,000 or below, while 4.36 per cent have a monthly...

DXC Technology, Lloyd’s and IUA extend contract to support transformation of London Insurance Market

by AIP Online Bureau | May 28, 2022 | International News, Non-Life, Reinsurance

“ With the Future at Lloyd’s transformation, we will transition to a single platform that will provide automated processing and accounting for the market, leading to a substantial reduction in operating costs, and providing customers with a much faster,...
Losses from Sri Lanka’s riots manageable for insurers: Fitch

Losses from Sri Lanka’s riots manageable for insurers: Fitch

by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“We believe gross losses from the riots are likely to exceed LKR1 billion. However, NITF’s net loss will be limited to this amount due to the protection provided by its excess of loss reinsurance cover. We expect NITF to have sufficient liquid assets to meet its...

Increased ransomware attacks and global threats tempering executive confidence in cyber preparedness: survey

by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, International News, Technology

According to the survey by Marsh and Microsoft, leadership confidence in their organization’s core cyber risk management capabilities – including the ability to understand/assess cyber threats, mitigate/prevent cyber attacks, and manage/respond to cyber attacks – is...

Fire breaks out at EV maker Ather Energy’s Chennai facility

by AIP Online Bureau | May 28, 2022 | Indian News, Risk Management, Technology

“While some property and scooters got affected, thankfully all employees are safe and things are under control. The experience centre will be operational shortly,” the EV company said late on Friday Chennai/New Delhi: As EV fires continue to make headlines...

MeitY issues draft norms to mobilise non-personal citizen data with govt

by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, Indian News, Technology

The draft also proposes setting up of an ‘India Data Management Office (IDMO)’, under the Digital India Corporation, which shall be responsible for framing, managing and periodically reviewing and revising the policy New Delhi: The Ministry of Electronics...
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