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Gold demand in India declined 15% in Q1-2025 amid high prices: WGC

Gold demand in India declined 15% in Q1-2025 amid high prices: WGC

by AIP Online Bureau | May 1, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Gold prices have risen 25 per cent since the beginning of 2025, approaching the key psychological threshold of Rs 1,00,000 per 10 grams, affecting consumer buying patterns. New Delhi: India’s gold demand witnessed a 15 per cent on-year decline to 118.1 tonnes in...
AUM share of Mumbai, Delhi up despite uncertain markets; share of top cities declines marginally: Report

AUM share of Mumbai, Delhi up despite uncertain markets; share of top cities declines marginally: Report

by AIP Online Bureau | May 1, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Despite this overall dip, Mumbai and Delhi saw a growth of 0.11 per cent in their AUM share, reaching 39.65 per cent of the total Pan-India AUM. This share was 39.37 per cent in March 2024, 41.23 per cent in March 2023, and 43.49 per cent in March 2022. New Delhi:The...
Zombie ships fast becoming a feature of Venezuelan oil trade

Zombie ships fast becoming a feature of Venezuelan oil trade

by AIP Online Bureau | May 1, 2025 | Eco/Invest/Demography, International News, Reinsurance, Risk Management

The use of zombie tankers allows dark fleet operators to circumvent restrictions on transporting oil. The ruse is gaining attention within the maritime community, which has long tracked the emergence of a parallel system, including operators, insurers, traders and...
ESG Review-Course-correction underway among financial firms

ESG Review-Course-correction underway among financial firms

by AIP Online Bureau | May 1, 2025 | Eco/Invest/Demography, International News, Pandemic, Policy, Regulation

The upshot is a broad-based retreat from the environmental and social principles that initially led financial firms to look for hires outside their usual stomping grounds. As a result, many of the climate scientists and campaigners from nonprofits who were hand-picked...
Sebi categorises entities on size risk level basis under cybersecurity cyber resilience framework

Sebi categorises entities on size risk level basis under cybersecurity cyber resilience framework

by AIP Online Bureau | Apr 30, 2025 | Indian News, Intermediaries, Regulation, Technology

The Capital market regulator said that entities are grouped into four categories based on size and risk level — Qualified REs (highest risk, most obligations), Mid-size REs, small-size REs and self-certification REs (least risk, fewer obligations). New...

Blackout- Spain and Portugal companies count the cost

by AIP Online Bureau | Apr 30, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Spain’s main business lobby CEOE estimated the outage would shave 1.6 billion euros ($1.82 billion), or 0.1%, off gross domestic product, noting it could take oil refineries a week or more to resume their operations fully, and that some industrial ovens had been...
‘100 pc fruit juice’ claim by Dabur violates law, misleading: FSSAI to Delhi HC

‘100 pc fruit juice’ claim by Dabur violates law, misleading: FSSAI to Delhi HC

by AIP Online Bureau | Apr 30, 2025 | Health, Indian News, Risk Management

The writ petition filed by Smita Singh, Assistant Director with the FSSAI dated April 22, challenged Dabur against the “100 per cent” claim stating that the juices contain water and fruit concentrates. In addition, the term “100 per cent” is also not a recognised for...
Diana Baer appointed CFO for Munich Re Holdings of Australasia

Diana Baer appointed CFO for Munich Re Holdings of Australasia

by AIP Online Bureau | Apr 30, 2025 | Briefs, Reinsurance

Diana Baer has been appointed chief financial officer for Munich Re Holdings of Australasia. Diana has been working for Munich Re for 17 years and brings extensive experience from various finance roles within the company along with expertise in executive management,...
FSIB to select a new CMD for OIC on Friday

FSIB to select a new CMD for OIC on Friday

by AIP Online Bureau | Apr 30, 2025 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

Government appoints Amit Misra as acting CMD of OIC for three months The five shortlisted  senior  officials who will be interviewed are-Rekha Solanki, ED, National Insurance Company, Anjana Saxena, National Insurance Company, Chandra Iyer, GM, New India...
PSU general insurance industry Unions reject govt’s 12% wage hike proposal

PSU general insurance industry Unions reject govt’s 12% wage hike proposal

by AIP Online Bureau | Apr 30, 2025 | Indian News, Non-Life

Unions want a 17 per cent hike to be on par with the Life Insurance Corporation(LIC) and the Indian banking industry. GIPSA management has assured the matter would be taken up again with the Department Financial Services for further consideration, according to union...
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