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U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods

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

Insurance payments to farmers due to drought rose more than 400% between 1995 and 2020 to $1.65 billion, while payments due to excess moisture – like floods – rose nearly 300% to $2.61 billion, according to the nonprofit environmental group, which examined...

India logs 2,86,384 new COVID-19 cases in last 24 hours

by AIP Online Bureau | Jan 27, 2022 | Eco/Invest/Demography, Health, Indian News, Pandemic

Under the ongoing nationwide COVID-19 vaccination drive, over 163.84 crore vaccine doses have been administered so far New Delhi: India logged 2,86,384 new COVID-19 cases and 573 deaths in the last 24 hours, stated the Ministry of Health and Family Welfare on...

Equity indices open in red, Sensex down by 1020 points

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

Indian shares slid about 1.5% on Thursday, in line with weakness in broader Asia, as the U.S. Federal Reserve’s signal to steadily tighten policy soured global investor sentiment The fall in Dalal Street wiped off nearly Rs 4 trillion worth of investor wealth in...

Generali takes controlling stakes in Indian insurance JVs,Future Group to to exit insurance business

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

Generali will raise its stake to around 74 per cent in Future Generali India Insurance Company and 68 per cent in Future Generali India Life Insurance Company Generali to acquire from Future Enterprises Limited 25 per cent of the shares of Future Generali India...
Fed likely to hike rates in March as Powell vows sustained inflation fight

Fed likely to hike rates in March as Powell vows sustained inflation fight

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

U.S. central bank chief Jerome Powell “The committee is of a mind to raise the federal funds rate at the March meeting assuming that the conditions are appropriate for doing so,” Powell said in a news conference, pinning down a policy statement from the...

AllianzGI sets up unit to invest in ESG compliant companies

by AIP Online Bureau | Jan 26, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

AllianzGI, which manages around 647 billion euros ($730.27 billion) in assets, will look to invest in private companies helping solve environmental or social issues in a measurable way, it said in a statement. Asset manager Allianz Global Investors, part of German...

Nepal’s population witnesses lowest growth in 80 years: reports

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

”Nepal’s population has reached 29,192,480. The main reason behind the slowest growth in population appears to be outward migration of Nepalis for jobs and studies,” Hem Raj Regmi, the deputy director-general of the bureau, was quoted as saying in the...

Mumbai: FIR against Google CEO, others in copyright `violation’ case

by AIP Online Bureau | Jan 26, 2022 | Indian News, Technology

Film director and producer Suneel Darshan had approached the court seeking registration of a case against Google and its top officials over alleged copyright infringement, he said, without giving more information about the nature of the copyright violation. Mumbai: A...

Madras HC orders probe on enmasse withdrawal of accident claims cases

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

”In view of the seriousness of the allegations made in the present case to the effect that a total of Rs 11.70 crore was claimed in 84 cases filed based on fabricated/false medical/hospital records and a complaint was also made by the hospital to the Hosur...
Government likely to hand over Air India to Tata group on Thursday

Government likely to hand over Air India to Tata group on Thursday

by AIP Online Bureau | Jan 26, 2022 | Indian News

Meanwhile, two airline pilot unions – Indian Pilots’ Guild (IPG) and Indian Commercial Pilots’ Association (ICPA) – on Monday warned Air India’s CMD Vikram Dev Dutt of legal action as “multiple deductions and recoveries have been...
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