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Tesla to halt Shanghai factory production amid COVID curbs, Bloomberg News reports

Tesla to halt Shanghai factory production amid COVID curbs, Bloomberg News reports

by AIP Online Bureau | Mar 28, 2022 | Health, International News, Pandemic, Workplace/Employee Benefits

Tesla’s production in the plant will be halted on Monday, the report said, citing people familiar with the matter, adding that the electric car maker hasn’t yet informed workers if it would extend the suspension beyond Monday Tesla Inc is planning to...
Regular international flights resume in India after two years

Regular international flights resume in India after two years

by AIP Online Bureau | Mar 28, 2022 | Eco/Invest/Demography, Health, Indian News

The government has revised the COVID-19 guidelines for international flight operations, including the removal of the requirement to keep three seats vacant on overseas flights for medical emergencies. Besides, the requirement for the crew for having a complete PPE kit...
China delays retirement of employees as population ages, exchequer runs dry

China delays retirement of employees as population ages, exchequer runs dry

by AIP Online Bureau | Mar 28, 2022 | Eco/Invest/Demography, International News, Pension & Social Security, Policy

“The delayed retirement policy reflects that social welfare expenditures related to retirement and old age have become a heavy burden on the central government’s financial expenditure, so it delays retirement to minimize this, its pay pressure,” said...
Adani, Tata AIG, ICICI Lombard among 54 prominent bidders for Reliance Capital

Adani, Tata AIG, ICICI Lombard among 54 prominent bidders for Reliance Capital

by AIP Online Bureau | Mar 27, 2022 | Indian News, Life, Non-Life

Anil Ambani According to the sources, a majority of the bidders, who have submitted EOIs, have bid for the entire company, while the others have bid for one or more subsidiaries of RCL Reliance Capital’s subsidiaries include Reliance General Insurance, Reliance...

Govt mulls dropping pre-call announcements on phones after 2 yrs of Covid

by AIP Online Bureau | Mar 27, 2022 | Health, Indian News, Pandemic, Policy

Official sources said the Department of Telecommunications (DoT) has written to the Union Health Ministry requesting it to drop these pre-call announcements and caller tunes New Delhi; The COVID-19 awareness pre-call audio announcements set by telecom operators at the...
Shanghai to lock down in two stages for testing as COVID cases spike

Shanghai to lock down in two stages for testing as COVID cases spike

by AIP Online Bureau | Mar 27, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy

The city houses factories belonging to the likes of Tesla , Volkswagen and the country’s largest chipmaker SMIC, as well as the mainland China headquarters of many international companies China reported a total of 4,448 new asymptomatic infections on March 26,...

Banking services to be hit partially over 2-day nation-wide strike on Monday, Tuesday

by AIP Online Bureau | Mar 27, 2022 | Banking & Bancassurance, Indian News, Policy, Workplace/Employee Benefits

A number of public sector banks, including country’s largest lender SBI, have said that their services may get impacted to a limited extent due to the strike New Delhi: Banking services may be hit partially on Monday and Tuesday as a section of bank...
Lamborghini sees ‘huge’ opportunity in India with rising number of HNIs

Lamborghini sees ‘huge’ opportunity in India with rising number of HNIs

by AIP Online Bureau | Mar 27, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

“What we can see in the Indian market is that we have more and more ultra high net-worth individuals entering the market… We already have the second generation of ultra high net-worth individuals, and their average age is younger than other countries,”...
IMF prescribes tax raise, social safety measures to Sri Lanka for financial stability

IMF prescribes tax raise, social safety measures to Sri Lanka for financial stability

by AIP Online Bureau | Mar 27, 2022 | Eco/Invest/Demography, International News, Policy

Saying that the country was hit hard by the COVID-19 pandemic, the report highlighted that the country was highly vulnerable to external shocks owing to inadequate foreign currency reserves and high risks to public debt sustainability, exacerbated by the ‘Easter...

Generali challengers show hand ahead of investor vote

by AIP Online Bureau | Mar 27, 2022 | International News, Non-Life

Francesco Gaetano Caltagirone, a leading investor in Generali, together with entrepreneur Leonardo Del Vecchio, Generali’s third biggest investor, are opposing the reappointment of the insurer’s current chief executive Philippe Donnet as they challenge the influence...
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