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Chip shortage pushes China automobile sales down 12.4% in June

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, International News

   BEIJING:  Auto sales in China fell 12.4% in June from the corresponding month a year earlier, industry data showed on Friday, as a global shortage of semiconductors hit autos production in the world's biggest car market. Automakers around the...
Munich Re expands Cyber business in India, expects market size to be $150 million by 2025

Munich Re expands Cyber business in India, expects market size to be $150 million by 2025

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management, Technology

Hitesh Kotak,Chief Executive Officer – India Branch, Munich Re “ Cyber risk coverage is a strategic focus of Munich Re and we are committed to supporting our  partners in India to create a long-term sustainable market. India’s economic size...

52 killed In Bangladesh factory fire, building still in flames

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Rupganj, Bangladesh: A massive blaze tore through a Bangladesh factory killing at least 52 people trapped by flames that forced workers to leap for their lives from upper floors, emergency services said on Friday. About 30 people were injured in the fire, and hundreds...

Kerala reports first positive case of Zika virus, 13 suspected cases

by AIP Online Bureau | Jul 9, 2021 | Health, Indian News, Non-Life

  Thiruvananthapuram: Kerala Minister for Health and Family Welfare, Veena George on Thursday said the first case of Zika virus has been reported in the state and the samples have been sent to the National Institute of Virology (NIV) in Pune for final...

Won’t compel users to accept new privacy policy: WhatsApp tells Delhi HC

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

  New Delhi: WhatsApp told the Delhi High Court on Friday that till the Data Protection Bill comes into force, it would not compel users to opt for its new privacy policy as it has been put on hold. This is a significant development after the new Information...

LGBTQ partners now included in corporate health insurance by insurtech Plum

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

  Bengaluru:  Plum, an employee health insurance start-up, has rolled out LGBTQ partner cover for companies, allowing employees to enroll same-sex partners in their corporate health insurance policy. Plum palns to building the highest quality and most...

Economy recovering due to targeted fiscal relief, rapid vaccination: FinMin

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The Finance Ministry on Friday said the economy has started showing signs of revival from the impact of the second wave of the COVID-19 pandemic on the back of targeted fiscal relief, monetary policy and a rapid vaccination drive. “The...

Indian economy lacks fresh investment as banks find lending risky

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation

  Mumbai: India’s risk-averse lenders are emerging as one of the biggest hurdles to the speed of the nation’s recovery from the pandemic-induced downturn, as they hold back credit when the economy needs it the most. Loans to companies and individuals...

Vijayan requests PM to waive tax on imported life-saving drug for child

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, Health, Indian News, Policy

Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Friday urged the Centre to waive GST and customs duty on a life-saving drug to be imported from the US for the treatment of a child suffering from Spinal Muscular Atrophy (SMA), a rare disease, in the...

Don’t want Tom, Dick and Harry to collect money: HC on crowdfunding for treatment of rare diseases

by AIP Online Bureau | Jul 9, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy, Regulation

Kochi: There has to be some government control over the money being collected via crowdfunding for the treatment of rare diseases and every ''Tom, Dick and Harry'' cannot be permitted to raise funds like this, the Kerala High Court said on Friday. The...
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