by AIP Online Bureau | Feb 4, 2020 | Eco/Invest/Demography, International News, Technology
New Delhi: Bullish on Google Pay and its rising adoption in India, Alphabet and Google CEO Sundar Pichai said the company has taken cues from the successful experience in the country and would soon roll out its revamped digital payments product globally. Two...
by AIP Online Bureau | Feb 4, 2020 | Eco/Invest/Demography, International News, Non-Life
USA Gymnastics has filed a bankruptcy plan that includes an offer of $215 million for sexual abuse survivors to settle their claims against the embattled organization. The $215 million total is the amount the insurance carriers for USA Gymnastics and the...
by AIP Online Bureau | Feb 4, 2020 | Eco/Invest/Demography, Facts
Thanks to the coronavirus outbreak, working from home is no longer a privilege, it’s a necessity. While factories, shops, hotels and restaurants are warning about plunging foot traffic that is transforming city centers into ghost towns, behind the...
by AIP Online Bureau | Feb 4, 2020 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation
Hyderabad: To assess the desirability and feasibility of formation of standalone micro-insurance companies in the country, the insurance regulator IRDAI has formed a panel under Mirai Chatterjee,director,SEWA, Ahmedabad. India is the largest...
by AIP Online Bureau | Feb 4, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
New Delhi: Bank frauds have sharply come down on an annual basis to Rs 5,244 crore in the first three quarters of this fiscal on account of improved detection and reporting, Minister of State for Finance Anurag Thakur said in Rajya Sabha on Tuesday. Bank...
by AIP Online Bureau | Feb 4, 2020 | Eco/Invest/Demography, Indian News
India's gold imports in January plunged 48% from a year earlier to their lowest level in 4 months as a rally in local prices near record highs prompted buyers to curtail purchases, a government source said on Tuesday. The world's second-biggest buyer of...
by AIP Online Bureau | Feb 4, 2020 | Eco/Invest/Demography, International News, Technology
Visa Inc is planning the biggest changes in a decade to the rates US merchants pay to accept its cards, Bloomberg reported on Tuesday, citing a document Visa sent to banks. Interchange rates of the world's largest payment processor will go up or down...
by AIP Online Bureau | Feb 4, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
New Delhi: Nearly 6,900 cases of online banking frauds were registered in the country in 2017-18, the Lok Sabha was informed on Tuesday. Union Minister of State for Home G Kishan Reddy said with the rapid increase in use of cyber space, the number of cyber...
by AIP Online Bureau | Feb 4, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance
Companies and tourists out of pocket from the global disruption caused by the virus epidemic in China risk meeting a cold shoulder from insurers, industry experts warn. Basic travel insurance policies are unlikely to cover epidemics. Instead, individuals are...
by AIP Online Bureau | Feb 4, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology
San Francisco: Twitter said on Monday that it had discovered attempts by possible state actors to access the phone numbers associated with user accounts, after a security researcher unearthed a flaw in the company's "contacts upload"...
