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Fake reviews on e-commerce sites under Govt’s radar

by AIP Online Bureau | May 26, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

The screening results underlines that at least 55 per cent of the websites violate the unfair commercial practices directive of the EU, which requires truthful information to be presented to consumers to make an informed choice The consumer affairs ministry along with...
Elon Musk sued by Twitter investors for delayed disclosure of stake

Elon Musk sued by Twitter investors for delayed disclosure of stake

by AIP Online Bureau | May 26, 2022 | International News, Technology, Wealth Management/ Philanthropy

Billionaire Elon Musk “By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price,” said the investors, led by Virginia resident William Heresniak Billionaire Elon Musk was...
UK’s Sunak extends one-off $46.6 bn y to ease a cost-of-living crisis for public

UK’s Sunak extends one-off $46.6 bn y to ease a cost-of-living crisis for public

by AIP Online Bureau | May 26, 2022 | Eco/Invest/Demography, International News, Pension & Social Security, Workplace/Employee Benefits

British finance minister Rishi Sunak A new, one-off GBP 650 payment will be offered to more than 8 million low-income households on Universal Credit, Tax Credits, Pension Credit and other benefits, with separate one-off payments of GBP 300 to pensioner households and...

Delhi HC adjourns `Singh- Govt of India’ case to July 11

by AIP Online Bureau | May 26, 2022 | Indian News, Non-Life

It is learnt that Solicitor General Tushar Mehta had appeared for the government and had pleaded with the court to adjourn the case Sources point out that the government might have wanted more time so that it can prepare alternative platform of BBB, the head hunting...
World Bank’s Malpass says war in Ukraine may trigger global recession

World Bank’s Malpass says war in Ukraine may trigger global recession

by AIP Online Bureau | May 26, 2022 | Eco/Invest/Demography, International News, Pandemic

David Malpass,President,World Bank  Developing countries were being hit even harder given shortfalls of fertilizer and food stocks and energy supplies, he said “The idea of energy prices doubling is enough to trigger a recession by itself,” he said World...

Verisk appoints Lee M. Shavel as CEO, Mark V. Anquillare as President

by AIP Online Bureau | May 26, 2022 | International News, Non-Life, Reinsurance, Technology

Shavel and Anquillare have been architects and drivers of Verisk’s growth, increased efficiency and an innovation agenda that has helped the insurance industry successfully turn data into actionable insights and accelerate its digital transformation JERSEY CITY, N.J:...
UK’s Howden takes full control of its Indian broking JV, looks for acquisitions

UK’s Howden takes full control of its Indian broking JV, looks for acquisitions

by AIP Online Bureau | May 25, 2022 | Indian News, Intermediaries, Non-Life, Reinsurance

Praveen Vashishta, chairman, Howden India “We want to be a Rs 200 crore company in our India operations in couple of years and have put in place right growth strategies supported by talents and technologies,” said Praveen Vashishta, chairman of Howden...

Govt firm on privatising 2 public sector banks: Report

by AIP Online Bureau | May 25, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation New Delhi: The government is on course with the privatisation of two public sector banks (PSBs) and will take appropriate steps in the coming months, sources...
Govt to implement new 3rd party Motor insurance premium from June 1

Govt to implement new 3rd party Motor insurance premium from June 1

by AIP Online Bureau | May 25, 2022 | Indian News, Non-Life, Reinsurance

The general insurers are eagerly waiting for the final notification of the Motor TP rates as they have not been allowed to raise the rates for the loss making portfolio during last two years by the insurance regulator IRDAI due to the Covid-19 Pandemic A discounted...
NOAA predicts above-normal 2022 Atlantic Hurricane Season

NOAA predicts above-normal 2022 Atlantic Hurricane Season

by AIP Online Bureau | May 25, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The increased activity anticipated this hurricane season is attributed to several climate factors, including the ongoing La Niña that is likely to persist throughout the hurricane season, warmer-than-average sea surface temperatures in the Atlantic Ocean and Caribbean...
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