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US reimposes all Iran sanctions lifted under nuclear deal, allows 8 countries to continue buying Iran oil

by AIP Online Bureau | Nov 3, 2018 | Uncategorized

  Washington:  The Trump administration on Friday announced the reimposition of all US sanctions on Iran that had been lifted under the 2015 nuclear deal.The sanctions will take effect on November 5 and cover Iran's shipping, financial and energy...

Blockchain technology brings crop insurance to paddy field farmers

by AIP Online Bureau | Nov 3, 2018 | Facts, Intermediaries, Technology

Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions; Oxfam in Sri Lanka, an organization working to alleviate poverty; and Etherisc, a leading InsureTech company, today announced a joint program to...

Private messages of 120 mn Facebook users hacked, says BBC report

by AIP Online Bureau | Nov 3, 2018 | International News, Risk Management, Technology

  London: Hackers have gained access to private messages of nearly 120 million Facebook accounts and already published such messages from 81,000 accounts for generating money, the BBC reported.   Several users whose details have been compromised were based...

Insurance crunch for upcoming Soyuz rocket launches ironed out, Roscosmos CEO says

by AIP Online Bureau | Nov 2, 2018 | International News, Reinsurance

  MOSCOW:  The launch of Soyuz-2.1b carrier rocket with the Glonass space vehicle planned for November 3, has been insured, Head of Russia’s State Space Corporation Roscosmos Dmitry Rogozin said in an interview with TASS. The launch of the cargo...

Indian Oil says country might get Iran sanctions waiver

by AIP Online Bureau | Nov 2, 2018 | Indian News, Reinsurance

  New Delhi: India's top refiner Indian Oil Corp Ltd said on Friday the US might allow the country to keep buying oil from sanctions-hit Iran as removing Iranian supplies from the market would impact global crude prices.   "I can't say there...

India to be among 3 largest economies in coming years: Arun Jaitley

by AIP Online Bureau | Nov 2, 2018 | Indian News

New Delhi:  Finance Minister Arun Jaitley said India would become the world's fifth largest economy in 2019 and among the top three in the coming years.   Speaking at the 'Support and Outreach Initiative for the MSME sector' event, the minister...

Microsoft tests show 91% new PCs from India loaded with pirated software

by AIP Online Bureau | Nov 2, 2018 | International News, Risk Management, Technology

  Singapore: Over 90 percent of new personal computers purchased by Microsoft from India have a high-level of pirated software, according to an analysis by the software-giant.   Nine Asian countries, including India, have a high-level of pirated software...

India jumps 23 places to 77th in ease of doing business ranking

by AIP Online Bureau | Nov 1, 2018 | Indian News, Policy, Regulation

  New Delhi: India has jumped 23 places in the World Bank ease of doing business ranking  for 2018.  It was at 100th place last year and now it is at 77th rank. India is now recognised as among top ten improvers for the 2nd consecutive year. It is...

Radhakrishnan takes charge as CMD of UII, New India may get a PSU hand as CMD

by AIP Online Bureau | Oct 29, 2018 | Indian News

  Mumbai: Girish Radhakrishnan has,57, finally taken over as the Chairman and managing director (CMD) of Chennai based United India Insurance Company(UIC) on Monday. Radhakrishnan, who  was earlier CEO of London operations of  the New India...

Indonesia’s Lion Air plane crashes near Jakarta, 188 on board feared dead

by AIP Online Bureau | Oct 29, 2018 | International News, Reinsurance

  Jakarta:  A Lion Air flight with 188 people on board crashed into the sea just minutes after taking off from Indonesia's capital on Monday.   Indonesia's disaster agency posted photos online of a crushed smartphone, books, bags and parts of...
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