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India has potential to become one of the largest electric vehicles markets: Report

by AIP Online Bureau | Oct 2, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Technology

  New Delhi: India has the potential to become one of the largest electric vehicles (EVs) markets in the world, with the government pushing for the segment in order to curb pollution and reduce reliance on import-dependent fossil fuel, says a report.  ...

Ford hands over the wheels to M&M in $275 million deal for India JV

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  MUMBAI/NEW DELHI: Ford Motor Co and Mahindra & Mahindra will form a joint venture in India valued at $275 million to produce and sell vehicles in the country and export to emerging markets, the two companies said on Tuesday.   The two companies have...

“The FAIR Nat CAT pool  has gained the approval to operate in India’’

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Interviews, Non-Life, Reinsurance

  How do you see the developments of Afro- Asian Reinsurance and Insurance Industry? FAIR achieves economic integration among Afro-Asian countries. The Federation is active in setting up reinsurance bodies (Pools & Syndicates) for members to share risk and...

Water crises ranked as the topmost risk in India:WEF 

by AIP Online Bureau | Oct 1, 2019 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Risk Management

  Executives in the South Asian region ranked “water crises” as the number one risk for doing business in countries in South Asia – the issue rose from fifth place the year before, according to a survey of business leaders published by the World...

Maruti to Tata, festive season fails to lift up passenger vehicle sales

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life

    New Delhi: Major automobile makers, including Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors, Toyota and Honda, on Tuesday reported double digit declines in domestic passenger vehicle sales in September as onset of the festive season failed...

One-third of Indian businesses hit hard by internal, external fraud: Report

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

  New Delhi: Nearly a third of Indian businesses experienced frauds by internal as well as external parties in the last 12 months, with data theft being the top most fraud event, says a report.   According to Kroll's annual global fraud and risk report,...

Lloyd’s of London to go electronic to compete with low-cost rivals

by AIP Online Bureau | Oct 1, 2019 | International News, Non-Life, Reinsurance

LONDON:  The Lloyd’s of London Ltd insurance market is planning to launch two electronic exchanges next year as part of a three-year overhaul, it said on Monday, as it seeks to fend off competition from low-cost rivals.   Lloyd’s, which is made...

In a first, Anil Ambani threatened with class action suit at AGM

by AIP Online Bureau | Oct 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life

Mumbai: Massive erosion of wealth due to poor performance leading to frequent rating downgrades has forced irate shareholders of the Anil Ambani Group companies to complain against the management and threaten to file class action suit. Speaking at the AGM of Reliance...

Volkswagen faces first mammoth diesel lawsuit on home turf

by AIP Online Bureau | Sep 30, 2019 | International News, Non-Life, Technology

Car behemoth Volkswagen will face a German court Monday, as hundreds of thousands of owners of manipulated diesel cars demand compensation four years after the country's largest post-war industrial scandal erupted.   The first hearing in what is likely to be...

IRDAI makes travel insurance sale via online ticket booking portals more stringent

by AIP Online Bureau | Sep 30, 2019 | Indian News, Non-Life, Regulation

Hyderabad:  The insurance regulator IRDAI has said the insurers has to ensure that any portal or App providing the travel insurance coverage can’t pre-select the option of buying the travel cover as a default option.   The prospect buyer will be able...
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