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Disinvestment target of FY22 achievable; LIC IPO to bring Rs 1 trn: CEA

by AIP Online Bureau | Mar 27, 2021 | Eco/Invest/Demography, Indian News, Life

  New Delhi, Mar 27: Asserting that the disinvestment target of Rs 1.75 trillion for 2021-22 was "imminently achievable", Chief Economic Adviser (CEA) K V Subramanian on Saturday said the proposed initial public offering (IPO) by LIC itself could garner...

Insurer CNA hit by ‘Sophisticated’ cyber attack

by AIP Online Bureau | Mar 27, 2021 | International News, Non-Life, Risk Management, Technology

  CNA,commercial lines insurer, reported that it has sustained a “sophisticated cybersecurity attack” that caused a network disruption and impacted certain CNA systems, including corporate email. In a statement issued Tuesday evening, CNA said the...

Suez Canal blockage could cost $6 bln to $10 bln in lost trade -Allianz

by AIP Online Bureau | Mar 27, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

BERLIN: The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. The study by Europe's biggest insurer also found that each week of immobilisation shaves some 0.2 to...

Green Climate Fund chief urges reopening of U.S. finance tap

by AIP Online Bureau | Mar 27, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  BARCELONA: As the Green Climate Fund seeks to ramp up its financing for climate action and green recovery in developing nations, it needs the United States to restart contributions halted by its former president, the fund's executive director said on...

India says video streaming platforms should be held responsible for content

by AIP Online Bureau | Mar 27, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  New Delhi: India's technology minister on Thursday said video streaming services have to be "responsible and accountable" for their shows and movies, defending rules introduced last month that regulate such content. India tightened its grip on...

New wave of ‘hacktivism’ adds twist to cybersecurity woes

by AIP Online Bureau | Mar 26, 2021 | Articles, Eco/Invest/Demography, Risk Management, Technology

  At a time when U.S. agencies and thousands of companies are fighting off major hacking campaigns originating in Russia and China, a different kind of cyber threat is re-emerging: activist hackers looking to make a political point. Three major hacks show the...

Delhi has bent pollution curve, annual level of particulate matter on decline: Report

by AIP Online Bureau | Mar 26, 2021 | Climate, Environment, Renewable Energy, Health

  New Delhi: Long-term trend shows Delhi has already bent the pollution curve downwards and the annual level of particulate matter, PM2.5, is declining every year, a new report by the Centre for Science and Environment (CSE) claimed. The report titled...

Financial services space set for disruption over next 10 years: Kamath

by AIP Online Bureau | Mar 26, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

Not just banking but the entire financial services space is set for disruption over the next 10 years, which will lead to reduction in transaction costs, veteran banker K V Kamath said on Friday. He said technology is transforming the way banking is done and bankers...

Australia’s gender pay gap is worst in finance and insurance firms

by AIP Online Bureau | Mar 26, 2021 | Eco/Invest/Demography, Facts

, Australia is losing momentum in efforts to bring equality to the workforce, with a new study finding that it will probably take another 26 years until women are paid the same as men. The gender pay gap is worst in finance and insurance firms, at almost 28%, versus...

Night curfew in Maharashtra from Sunday in view of rise in COVID-19 cases

by AIP Online Bureau | Mar 26, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

Mumbai: Night curfew will be imposed in entire Maharashtra from March 28 in view of alarming rise in coronavirus cases, an official statement said on Friday. Chief Minister Uddhav Thackeray ordered night curfew from Sunday onwards, it said. Thackeray also warned of...
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