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Max Financial Services net up 12% at Rs 75 crore

by AIP Online Bureau | Aug 6, 2018 | Indian News

  New Delhi: Max Financial Services (MFS) on Monday reported a 12 percent increase in standalone net profit at Rs 75.44 crore for the April-June quarter of this fiscal. Company's net profit in corresponding April-June period of 2017-18 was at Rs 67.19 crore....

UIDAI slams Aadhaar ‘fear-mongering’, says helpline number can’t steal data

by AIP Online Bureau | Aug 6, 2018 | Indian News, Risk Management, Technology

  New Delhi: The UIDAI on Sunday said vested interests misused Google's "inadvertent" act around it old helpline number to create fear and tarnish the image of Aadhaar while emphasising that a number stored in contact list cannot steal data from a...

Indonesia quake kills 82, leaves hundreds wounded

by AIP Online Bureau | Aug 6, 2018 | International News

  Jakarta: A powerful quake which struck the Indonesian holiday island of Lombok has killed 82 people and wounded hundreds, national disaster agency spokesman Sutopo Purwo Nugroho said early Monday, with thousands of buildings left damaged.   The 6.9...

Gen Insurers settle Rs 11,899 crore of Crop claims

by AIP Online Bureau | Aug 6, 2018 | Indian News

  New Delhi: Insurance companies have settled Rs 11,899-crore claims of eligible farmers under the Pradhan Mantri Fasal Bhima Yojana (PMFBY) for the kharif 2017 season, the government said today.   The claims are settled by both private and public sector...

​​​​​​​Banks collect Rs 5,000 crore from customers in FY18 for breaching min balance

by AIP Online Bureau | Aug 5, 2018 | Data

  As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India's largest lender State Bank of...

Industry ministry targets ease of doing biz at district level

by AIP Online Bureau | Aug 5, 2018 | Indian News

  New Delhi: The commerce and industry ministry has proposed an extensive action plan which include digitisation of land records and online publication of water tariff rates for all types of users to promote ease of doing business at district level.   The...

1,991 kids; 20,000 prospective parents: Adoption scene in India

by AIP Online Bureau | Aug 5, 2018 | Eco/Invest/Demography, Indian News

  The adoption scene in the country is somewhat like this: 1,991 children, including 1,322 girls, available for about 20,000 prospective parents. The highest number of children available for adoption is from Maharashtra at 376 followed by Odisha at 299, according...

Data protection bill deterrent for businesses who wilfully do wrong, says Justice B Srikrishna

by AIP Online Bureau | Aug 5, 2018 | Indian News, Risk Management

  Bengaluru:  The proposed data protection bill, making offences cognisable and non-bailable, is a deterrent for businesses who wilfully do wrong as giant corporations can otherwise get away with flagrant breaches “merely by throwing the fine...

Complaints against domestic air carriers swell to 7,200 in 20 months: Govt

by AIP Online Bureau | Aug 5, 2018 | Indian News

  New Delhi: Complaints against domestic air carriers swelled to more than 7,200 in the last 20 months, government data has revealed.   Of the 7,251 complaints received by Civil AviationMinistry platform AirSewa from December 2016 to July this year, 2,233...

Atlantic Hurricane Season had early start, but fewer Storms Are Expected

by AIP Online Bureau | Aug 5, 2018 | International News, Reinsurance, Risk Management

  The Atlantic hurricane season may have gotten off to an early start this year, but it’ll probably end with a whimper — at least when it comes to the total number of storms.   Twelve named storms are likely to form in 2018, fewer than last...
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