by AIP Online Bureau | Jul 21, 2019 | Eco/Invest/Demography, Indian News, Life
New Delhi: As part of innovative modes of financing to meet India's huge infrastructure appetite, insurance giant LIC has agreed to offer Rs 1.25 trillion line of credit by 2024, to fund highway projects, Union Minister Nitin Gadkari said. Keen on timely...
by AIP Online Bureau | Jul 21, 2019 | Indian News, Non-Life
NEW DELHI: Private insurance companies received a premium of around Rs 46 crore in the last two years from railway and its passengers while making a payout of only Rs seven crore in claims under the national transporter's travel insurance scheme, an RTI has...
by AIP Online Bureau | Jul 20, 2019 | Eco/Invest/Demography, International News, Regulation, Risk Management
NEW YORK: Cryptocurrencies are changing the US currency system in ways that may facilitate illegal activity and instability in prices, St. Louis Federal Reserve President James Bullard said on Friday. “The current situation could be described...
by AIP Online Bureau | Jul 20, 2019 | Indian News, Life, Regulation
Hyderabad: The insurance regulator IRDAI has reprimanded the Reliance Nippon Life Insurance Company, for failing to comply with regulations on expense management. According to the IRDAI rulings on Friday , the insurer has neither furnished the...
by AIP Online Bureau | Jul 19, 2019 | Indian News, Non-Life
Mumbai: The profit after tax (PAT) of ICICI Lombard General Insurance, the largest private sector geneeral insurer, grew by 7.1 per cent to Rs 310 crore in Q1 FY2020 as against Rs 289 crore in Q1 FY2019. The company's profit...
by AIP Online Bureau | Jul 19, 2019 | Eco/Invest/Demography, Indian News, Pension & Social Security
NEW DELHI: India has emerged as a popular destination for expats as working in the country boosts their careers and provides enhanced salary and sense of fulfilment, says an HSBC survey. The survey was conducted on 18,059 expats from 163...
by AIP Online Bureau | Jul 19, 2019 | Eco/Invest/Demography, Indian News, Technology
New Delhi: India’s ranking in terms of mobile internet and fixed broadband speed declined by three places in June to 74th and 126th positions respectively, a report by Ookla said on Friday. As per the report, there has been a slight decline since the...
by AIP Online Bureau | Jul 19, 2019 | Eco/Invest/Demography, Indian News
New Delhi: The government Friday asserted that subsidies for the promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included. Speaking at an event here, Minister of State for Heavy...
by AIP Online Bureau | Jul 19, 2019 | Eco/Invest/Demography, Health, International News
Geneva: WHO Director-General Dr. Tedros Adhanom Ghebreyesus declared the Ebola virus disease (EVD) outbreak in the Democratic Republic of the Congo (DRC) a Public Health Emergency of International Concern (PHEIC). “It is time for the world to take...
by AIP Online Bureau | Jul 18, 2019 | Eco/Invest/Demography, International News, Non-Life
Seattle: Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest...
