by AIP Online Bureau | Sep 10, 2021 | Eco/Invest/Demography, Indian News, Technology
New Delhi: The IT ministry along with the housing and urban affairs is launching a special drive in 223 cities to on-board more than 8 lakh street vendors to start accepting and making digital payments. The drive has been launched under PM SVANidhi scheme....
by AIP Online Bureau | Sep 10, 2021 | Indian News, Non-Life, Regulation
Mumbai: ICICI Bank on Thursday said ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer. ICICI Lombard General Insurance Company (ICICI Lombard) had...
by AIP Online Bureau | Sep 9, 2021 | Indian News, Non-Life, Risk Management, Technology
Hyderabad: With rising incidences of cyber attacks along with a growing number of high profile data breaches, the insurance regulator IRDAI while unveiling a new guidance document on Thursday, has advised all general insurers not only to adopt model...
by AIP Online Bureau | Sep 9, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Regulation
Hyderabad: In a bid to to promote sustainable and healthy development of domestic trade credit insurance business, the regulator IRDA,on Thursday, has issued revamped norms to enable general insurance companies to offer trade credit insurance covers...
by AIP Online Bureau | Sep 9, 2021 | International News, Risk Management, Technology
MOSCOW: Sept 9: A cyber attack on Russian tech giant Yandex's servers (YNDX.O) in August and September was the largest known distributed denial-of-service (DDoS) attack in the history of the internet, the company said on Thursday. The DDoS attack, in which...
by AIP Online Bureau | Sep 9, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Technology
COPENHAGEN: The world's largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said. Swiss start-up Climeworks AG, which specialises...
by AIP Online Bureau | Sep 9, 2021 | International News, Non-Life
NEW YORK: American International Group(AIG) today announced that Peter Zaffino, President & Chief Executive Officer, will assume the additional role of Chairman of the Board of Directors, effective January 1, 2022. As previously announced, Brian Duperreault,...
by AIP Online Bureau | Sep 9, 2021 | International News, Non-Life, Policy
CAPE TOWN: South Africa’s state-owned insurance company Sasria is in talks with National Treasury for a larger bailout than the 3.9 billion rand ($272 million) already promised, its managing director told a parliamentary committee on Wednesday. Sasria,...
by AIP Online Bureau | Sep 9, 2021 | Eco/Invest/Demography, Health, International News
LONDON, Sept 09 Lloyd's, which reports the combined results of its 100-odd syndicate members, recorded a pre-tax profit of 1.4 billion pounds ($1.93 billion) in the six months to end-June, versus a loss of 400 million pounds for the same period a year...
by AIP Online Bureau | Sep 9, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Technology
New Delhi, Sept 09: After four- and two-wheelers, India is eyeing to turn a significant part of 6 million three-wheelers on roads into electric vehicles as it chases the ambitious target of converting 30 per cent of all wheels on roads into electric by 2030. From...
