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Supply chains continue to face hurdles, global economy faces recovery challenges

Supply chains continue to face hurdles, global economy faces recovery challenges

by AIP Online Bureau | May 1, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The Swiss company has developed its own disruption indicator called Seaexplorer. At its peak the end of February, the measure showed about 17 million container waiting days — essentially cargo that’s bogged down in congestion globally Global supply chains are knotting...
LIC keen to retain some stake in IDBI Bank for bancassurance gains: Chairman

LIC keen to retain some stake in IDBI Bank for bancassurance gains: Chairman

by AIP Online Bureau | May 1, 2022 | Banking & Bancassurance, Indian News, Life

MR Kumar , chairman,, LIC “Strictly speaking, we are below the threshold limit of management control but then, what government really means is that management control is to be given in such a way that a private entity picks up and runs the bank, and government in the...

IMD to launch Urban Meteorological Services in 50 cities

by AIP Online Bureau | Apr 30, 2022 | Eco/Invest/Demography, Indian News

Metro cities such as Mumbai, Hyderabad, Kolkata, Chennai and Bengaluru are expected to see the launch of Urban Meteorological Services in the first phase which will be later expanded to more cities. Under the UMS, the IMD provides current weather observations, air...

Premature to attribute extreme heat in India, Pakistan solely to climate change but heatwaves more intense: WMO

by AIP Online Bureau | Apr 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy

Heatwaves have multiple and cascading impacts not just on human health, but also on ecosystems, agriculture, water and energy supplies and key sectors of the economy,” the WMO said adding that the risks to society underline why it is committed to ensuring that...
Some Indian regions have hottest April in 122 years, no respite in May: IMD

Some Indian regions have hottest April in 122 years, no respite in May: IMD

by AIP Online Bureau | Apr 30, 2022 | Eco/Invest/Demography, Indian News, Non-Life

Mrutyunjay Mohapatra, director general of India Meteorological Department (IMD), said parts of northwest and west central India–Gujarat, Rajasthan, Punjab and Haryana–will continue having normal temperatures in May as well The heatwave could affect...
Indian Inc mandatorily has to report all cyber incidents to CERT-In: Govt

Indian Inc mandatorily has to report all cyber incidents to CERT-In: Govt

by AIP Online Bureau | Apr 30, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Technology

.“To effectvly fight cybercrime, all companies n enterprises must mandatorily report cyber incidents to @IndianCERT, New #CyberSecurity directions for a #SafeAndTrusted Internet issued under Sec 70b of IT Act,” said Union Minister of state for Electronics and IT...

Omicron sub-lineages likely evade vaccines, natural immunity: South African scientist

by AIP Online Bureau | Apr 30, 2022 | Eco/Invest/Demography, Facts, Health, Pandemic

The BA.4 and BA.5 sub-lineages appear to be more infectious than the earlier BA.2 lineage, which itself was more infectious than the original Omicron variant, Tulio de Oliveira, the head of the institutes JOHANNESBURG: New Omicron sub-lineages, discovered by South...
Generali CEO Donnet survives but faces rebel pressure

Generali CEO Donnet survives but faces rebel pressure

by AIP Online Bureau | Apr 30, 2022 | International News, Life, Non-Life

Philippe Donnet, CEO,Generali, “The unambiguous choice of a majority of shareholders is proof of the confidence they have in our management team and strategic plan,” said Donnet, who enjoyed the backing of leading investor Mediobanca and Generali’s institutional...
Allianz toughens oil & gas policy to help meet climate goal

Allianz toughens oil & gas policy to help meet climate goal

by AIP Online Bureau | Apr 30, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

With pressure mounting to accelerate corporate efforts to reduce emissions, Allianz announced that beginning in 2023, it would cease issuing new property and casualty insurance to fund new oil and gas projects and would cease renewing existing contracts in July 2023...

Sales of Mumbai house priced above Rs 10 cr double to Rs 20,255 cr: Report

by AIP Online Bureau | Apr 30, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“During the lockdowns, HNIs and ultra HNIs got the much-needed break to analyse and strengthen their real estate portfolio,” Abhishek Kiran Gupta, CEO and co-founder, CRE Matrix Sales of luxury housing units priced over Rs 10 crore in Mumbai jumped more...
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