by AIP Online Bureau | Sep 30, 2018 | Indian News, Intermediaries, Regulation
NEW DELHI: Insurance regulator IRDAI has allowed distribution of all micro-insurance products through point-of-sales (PoS), with an aim further increase insurance penetration in the country. The Insurance Regulatory and Development Authority of...
by AIP Online Bureau | Sep 30, 2018 | Indian News, Risk Management
Mumbai; India’s Infibeam Avenues Ltd. lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised concerns about the online iPhone and iPad retailer’s accounting practices.Speculation mounted before...
by AIP Online Bureau | Sep 30, 2018 | Indian News
Mumbai: Overseas investors pulled out a massive Rs 210 billion ($3 billion) from the capital markets in September, making it the steepest outflow in four months, on widening current account deficit amid global trade tensions. The latest withdrawal...
by AIP Online Bureau | Sep 30, 2018 | Indian News, Risk Management
New Delhi: The government plans to put in place a stricter disclosure framework for independent directors, including providing details about their resignation from companies, as part of continuing efforts to bolster corporate governance standards. ...
by AIP Online Bureau | Sep 29, 2018 | Indian News
Mumbai: In a major breather to the crippled infra lender and engineering group IL&FS, its largest shareholders LIC and Orix Corp and also SBI Saturday announced they would subscribe to the proposed Rs 45 billion rights issue of the company. The announcement came...
by AIP Online Bureau | Sep 29, 2018 | Health, International News
Geneva: More than 3 million people died as a result of harmful use of alcohol in 2016, according a report released by the World Health Organization (WHO) today. This represents 1 in 20 deaths. More than three quarters of these deaths were among men. Overall,...
by AIP Online Bureau | Sep 29, 2018 | Indian News, Pension & Social Security
New Delhi: Fifty eight million people in India are living without pension or any other form of assistance, civil society organisation Pension Parishad has said. Citing the State of Pensions in India Report 2018, Economist Prabhat Patnaik said the Central...
by AIP Online Bureau | Sep 29, 2018 | Indian News
Mumbai: KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal, people with knowledge of the matter said. The two...
by AIP Online Bureau | Sep 29, 2018 | International News
California: Facebook Inc’s worst security breach ever is a major blow to the company’s effort to rebuild trust with users of the social network after a privacy scandal in March A hacker — or hackers, as Facebook doesn’t know the number...
by AIP Online Bureau | Sep 29, 2018 | International News
Jakarta: Indonesia’s death toll from a 7.4 magnitude earthquake and tsunami that struck the island of Sulawesi has risen to 384. Many of the victims were found under collapsed buildings, Sutopo Purwo Nugroho, a spokesman at National Disaster...
