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7.3 magnitude earthquake rattles Indonesia’s Malaku Island

by AIP Online Bureau | Jul 15, 2019 | Disaster & Management, Eco/Invest/Demography, International News

An earthquake measuring 7.3 on the Richter scale struck off the Maluku islands in Eastern Indonesia on Sunday, United States Geological Survey (USGS) said.   The epicentre of the quake, which occurred at around 9:10 (UTC), was registered at a depth of 10...

FPIs remain net buyers in July so far, infuse Rs 3,551 crore in markets

by AIP Online Bureau | Jul 14, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: Foreign investors have remained net buyers in the Indian capital markets this month so far, even as the equity segment saw robust outflows post the Budget.   According to the latest depositories data, foreign portfolio investors (FPIs) withdrew...

LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr

by AIP Online Bureau | Jul 14, 2019 | Indian News, Life

NEW DELHI: Led by LIC, life insurers' collective new premium income jumped 94 per cent to Rs 32,241.33 crore in June this year, according to data from Insurance Regulatory and Development Authority.    All the 24 life insurers had written new gross...

Johnson & Johnson denials of asbestos in baby powder spur criminal probe

by AIP Online Bureau | Jul 13, 2019 | Eco/Invest/Demography, International News

  The US Justice Department is pursuing a criminal investigation into whether Johnson & Johnson lied to the public about the possible cancer risks of its talcum powder, people with knowledge of the matter said.    The criminal probe, which...

Facebook to pay $5 billion fine for privacy violationsĀ 

by AIP Online Bureau | Jul 13, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management

  WASHINGTON: The US Federal Trade Commission (FTC) approved a settlement involving about $5 billion with Facebook over its probe into the tech giant's privacy violations, a media report said on Friday.    FTC commissioners voted by 3-2 with...

Health Ministry to use Artificial Intelligence in safe way in public health

by AIP Online Bureau | Jul 12, 2019 | Eco/Invest/Demography, Health, Indian News, Technology

  New Delhi: The Union Health Ministry is working towards using Artificial Intelligence (AI) in a safe and effective way in public health in the country.   Health Minister Harsh Vardhan also said in Lok Sabha on Friday that to address gaps in India's AI...

Safety lapses found in IndiGo, DGCA issues notice to 4 executives: Report

by AIP Online Bureau | Jul 12, 2019 | Indian News, Non-Life, Risk Management

   New Delhi: Four senior executives of IndiGo airline were issued show cause notices Friday by the DGCA after a special audit team of the aviation regulator found safety lapses, according to sources privy to the development. The Directorate General of Civil...

India Inc flags Water-risks

by AIP Online Bureau | Jul 12, 2019 | Eco/Invest/Demography, Indian News, Risk Management

  India’s steelmakers, more accustomed to securing raw materials such as iron ore and coal, are keeping another key resource in their sights: water.    Two of India’s biggest steelmakers — JSW Steel Ltd. and Tata Steel Ltd. — and...

A Ford-Volkswagen alliance with Argo could redraw self-driving sector

by AIP Online Bureau | Jul 12, 2019 | International News, Non-Life, Technology

  DETROIT: An expanded alliance between Ford Motor Co and Volkswagen AG that includes a partnership in Ford self-driving unit Argo AI could redraw the balance of power in autonomous vehicles.   A Ford-VW collaboration with Argo, the Pittsburgh-based start-up...

India lifted 271 mn out of poverty in 2006-16 at fastest rate globally: UN

by AIP Online Bureau | Jul 12, 2019 | Eco/Invest/Demography, International News

  United Nations: India lifted 271 million people out of poverty between 2006 and 2016, recording the fastest reductions in the multidimensional poverty index values during the period with strong improvements in areas such as "assets, cooking fuel,...
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