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by AIP Online Bureau | May 17, 2026 | Workplace/Employee Benefits

AKCSD;LKL;...
UK’s Prudential buys 75% in Bharti Life Insurance for Rs 3,500 crore, to reduce stake in ICICI Pru Life to below 10% from 22%

UK’s Prudential buys 75% in Bharti Life Insurance for Rs 3,500 crore, to reduce stake in ICICI Pru Life to below 10% from 22%

by AIP Online Bureau | May 17, 2026 | Eco/Invest/Demography, Indian News, Life, Regulation

Anil Wadhwani, CEO, Prudential There is potential additional consideration payable of up to ₹700 crore ($78 million) by Prudential in Bharti Life deal, dependent on the fulfilment of certain conditions. Anil Wadhwani, CEO, Prudential, said, “India is a strategically...
Drone strike targets UAE’s Barakah nuke plant complex, triggers electrical generator fire

Drone strike targets UAE’s Barakah nuke plant complex, triggers electrical generator fire

by AIP Online Bureau | May 17, 2026 | International News

In an official public update released on X, Abu Dhabi’s media office confirmed that emergency teams successfully managed the situation on the ground. The statement reassured the public that no injuries were reported and there was no impact on radiological safety...
Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case

Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case

by AIP Online Bureau | May 17, 2026 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The court, in the judgment passed on Saturday, ordered that the entire fine amount of ₹30 lakh, once recovered, be paid as compensation to the woman, a resident of Thane in Maharashtra. Thane: A Thane court has sentenced a financial advisor to two years rigorous...
SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel

SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel

by AIP Online Bureau | May 17, 2026 | Banking & Bancassurance, Indian News, Non-Life

The bank was also ordered to pay Rs 10,000 for mental agony and litigation costs.As per the complainant, her husband had an account with the bank’s Tri Junction Cantonment area in Nagpur. She stated that insurance protection up to Rs 5 lakh was being provided to...
FPIs pull out Rs 27,000 cr in May; 2026 outflows hit Rs 2.2 lakh cr-mark

FPIs pull out Rs 27,000 cr in May; 2026 outflows hit Rs 2.2 lakh cr-mark

by AIP Online Bureau | May 17, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

With this, total outflows by Foreign Portfolio Investors (FPIs) from the equity market have reached Rs 2.2 trillion in 2026, higher than the Rs 1.66 trillion pulled out during the entire 2025, according to data with the NSDL. New Delhi:Foreign investors continued to...
W.H.O. declares Ebola outbreak in Congo, Uganda a global health emergency

W.H.O. declares Ebola outbreak in Congo, Uganda a global health emergency

by AIP Online Bureau | May 17, 2026 | Eco/Invest/Demography, Health, International News

The WHO said the outbreak, caused by the Bundibugyo virus, does not meet the criteria of a pandemic emergency but that countries sharing land borders with the DRC are at ​high risk for further spread.The outbreak is “extraordinary” as there are no approved...
AP govt plans financial rewards for larger families:Chief Minister

AP govt plans financial rewards for larger families:Chief Minister

by AIP Online Bureau | May 16, 2026 | Eco/Invest/Demography, Indian News, Policy

N Chandrababu Naidu,Chief Minister,Andhra Pradesh “I have made a new decision. We will provide Rs 30,000 immediately after the birth of a third child and Rs 40,000 for a fourth child. Isn’t this the right decision?” Naidu said on the sidelines of the...
Financial systems must remain connected to real economy: PM’s principal Secy cautions against speculation

Financial systems must remain connected to real economy: PM’s principal Secy cautions against speculation

by AIP Online Bureau | May 16, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Policy

PK Mishra,Principal Secretary to Prime Minister Addressing the 20th convocation of the National Institute of Bank Management (NIBM) in Pune, Mishra said,”In India, this convergence of finance and technology has enabled the creation of one of the world’s...
IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon

IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon

by AIP Online Bureau | May 16, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Risk Management

The IRDAI’s board in its recent meeting had deliberated the issue and approved drafting and publishing the draft regulations on the proposed Indian Risk Based Capital Framework for stakeholder consultation.The issues which need to be addressed before launching...
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