by AIP Online Bureau | May 31, 2019 | Indian News, Non-Life
SINGAPORE: AM Best is maintaining a negative market segment outlook on India’s non-life insurance market, supported by key factors that include continued reliance on realized and unrealized investments gains to offset technical losses, potential...
by AIP Online Bureau | May 31, 2019 | Eco/Invest/Demography, Indian News
New Delhi: The first session of the newly-elected Lok Sabha has been convened from June 17 to July 26 and the new government of Prime Minister Narendra Modi will present its first Budget on July 5, in which it is expected to provide an insight about the...
by AIP Online Bureau | May 31, 2019 | Eco/Invest/Demography, Indian News, Workplace/Employee Benefits
New Delhi: In a major push to boost rural consumption, the Modi government in its first Cabinet meeting decided to cover all the farmers, irrespective of their land holdings, under PM Kisan scheme that promises to transfer Rs 6,000 in their bank accounts....
by AIP Online Bureau | May 31, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News
New Delhi: North and south India are expected to have below normal monsoon this season, the India Meteorological Department (IMD) said in its forecast Friday. The El-Nino phenomenon, generally believed to have its impact on monsoon, will continue...
by AIP Online Bureau | May 31, 2019 | International News, Non-Life
LONDON: Britain’s Legal & General Group will sell its general insurance business to a UK subsidiary of Germany’s Allianz for 242 million pounds, the companies said on Friday.Allianz is also acquiring the remaining 51 percent of Liverpool Victoria...
by AIP Online Bureau | May 29, 2019 | Banking & Bancassurance, Eco/Invest/Demography, International News
The role of banks as providers of finance has started to erode in Europe and some other parts of the world, the Bank of Finland’s governor Olli Rehn said on Friday, calling for new central bank tools to safeguard financial stability. “In Europe, an...
by AIP Online Bureau | May 29, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management
Climate change could hit bank balance sheets with a knock-on effect on financial stability, the European Central Bank warned on Wednesday. In a special feature for its semi-annual Financial Stability Review on Wednesday, the ECB said problems will...
by AIP Online Bureau | May 28, 2019 | Indian News, Life
New Delhi: Max Financial Services (MFS) May 28 reported a 30 per cent fall in consolidated net profit to Rs 391 crore for 2018-19. The net profit was lower compared to the previous year, largely due to one-time expenses for pursuing an inorganic opportunity for...
by AIP Online Bureau | May 27, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
New Delhi: The next wave of bank consolidation is planned during the October-December quarter of the current fiscal with the Finance Ministry starting to seek information from PSBs on possible targets for amalgamation/mergers and acquisitions with justification...
by AIP Online Bureau | May 27, 2019 | Eco/Invest/Demography, Health, International News
China’s attempts to control African swine fever have been insufficient to stem further spread of the disease, with the deadly pig contagion now endemic in two regions, a United Nations group said. The virus that causes the disease is entrenched among pig...
