by AIP Online Bureau | Aug 30, 2018 | Indian News, Regulation
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between Insurance Regulatory and Development Authority of India (IRDAI) and the Federal Insurance Office, USA. Impact:...
by AIP Online Bureau | Aug 30, 2018 | Indian News
THIRUVANANTHAPURAM: The Kerala flood disaster has claimed 483 lives and the estimated value of destruction "is more than the annual outlay of our state", Chief Minister Pinarayi Vjayan said on Thursday. Initiating the debate at a special one-day...
by AIP Online Bureau | Aug 29, 2018 | International News, Reinsurance
London: Kingdom Trust, a company that stores digital currency for investors, has secured insurance coverage through Lloyd’s of London SOLYD.UL to protect against theft and destruction of those assets, the company said on Tuesday. The move by...
by AIP Online Bureau | Aug 29, 2018 | Indian News
Mumbai: The LIC board will meet on September 4 to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51 percent, a move that will provide insurance behemoth entry into the banking space. The board will discuss time line for open offer,...
by AIP Online Bureau | Aug 29, 2018 | Indian News, Technology
New Delhi: IBM today said it has partnered with a host of organisations, including Invest India, Wipro, and IT body Nasscom for its 'Call for Code' initiative that aims to build global solutions for disaster management. Announced in May this year,...
by AIP Online Bureau | Aug 29, 2018 | Indian News, Policy
New Delhi: The government has asked its central bank to prepare a list of candidates for merger among 21 government-controlled lenders as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said. In a meeting this...
by AIP Online Bureau | Aug 28, 2018 | Indian News, Regulation
Hyderabad: As the Sep1 dead line for launching the long term motor policy, as earlier instructed by the Supreme Court, is fast approaching , the insurance regulator IRDAI has issued detailed guidelines and pricing for the new range of products on...
by AIP Online Bureau | Aug 28, 2018 | Indian News, Technology
New DelhI: With the right amount of industry and government participation, India could be in leadership ranks in adoption of blockchain technology in the next five years, says a survey by global consultancy firm PwC. A blockchain is a distributed ledger...
by AIP Online Bureau | Aug 28, 2018 | Indian News
Mumbai: IDBI Bank on Tuesday said Life Insurance Corporation (LIC) will buy 14.9 per cent equity stake in the bank, a move that would eventually lead to the acquisition of the majority stake in the state-owned lender. In August, the Union Cabinet had...
by AIP Online Bureau | Aug 28, 2018 | Indian News
Mumbai: Berkshire Hathaway Inc invested Rs 2500 crore ($356 million) in the Indian company behind digital payments firm Paytm, according to a source with direct knowledge of the deal, in a foray by the conglomerate into India and the financial payments...
