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India to be lone economy facing suppressed wages by 2030, says study

by AIP Online Bureau | Jun 21, 2018 | International News

  India would be the only economy that will not face an upward revision of wages by 2030, as it has a talent surplus, bucking the global trend of a talent crunch, a report noted.   "Unlike any other country in the study India will have a highly skilled...

ICICI Gen Insurance launches `Country Wellness Index’

by AIP Online Bureau | Jun 21, 2018 | Health, Indian News

  Mumbai: ICICI Lombard General Insurance,has launched a `Wellness Index', India’s first ever and one of its kind barometer to capture the wellness quotient of the country.   As per a pan-India study commissioned by the general insurer, the...

MHP, KUKA and Munich Re develop SmartFactory as a Servisolutions for future of manufacturing 

by AIP Online Bureau | Jun 21, 2018 | International News, Technology

  Munich: MHP, KUKA and Munich Re presented SmartFactory as a Service for the first time on 20 June 2018 in Munich – and with it a new business model that has the potential to revolutionise automotive manufacturing processes in the future. The three...

Young Consumers Willing to Let Insurers Spy on Digital Data – If It Cuts Premiums

by AIP Online Bureau | Jun 21, 2018 | International News, Technology

  The majority of people globally between 18 and 34 would be willing to let insurance companies dig through their digital data from social media to health devices if it meant lowering their premiums, a survey shows.   In the younger group, 62 percent said...

Hackers Steal $32M from S. Korean Cryptocurrency Exchange Bithumb

by AIP Online Bureau | Jun 21, 2018 | International News, Risk Management

  South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading the digital asset.  ...

Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance

by AIP Online Bureau | Jun 21, 2018 | International News, Technology

  By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic.   The...

Sulphuric acid leak at Vedanta India copper smelter could damage environment

by AIP Online Bureau | Jun 21, 2018 | Indian News, Risk Management

  Chennai: Vedanta Ltd. said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences.   The district administration had said on Sunday the leak was minor,...

AIIB ready to pump in $1.9 bn more into the country

by AIP Online Bureau | Jun 20, 2018 | Indian News

  MUMBAI: Ahead of the annual meeting of its board of governors here next week, a senior official from the Asian Infrastructure Investment Bank (AIIB) on Wednesday said it will pump USD 1.9 billion into various Indian projects.  The country, the second...

Centre saved Rs 90,000 crore through digital transfer: Amitabh Kant

by AIP Online Bureau | Jun 19, 2018 | Indian News, Technology

  New Delhi: The Centre has saved Rs 90,000 crore by digitally transferring money to beneficiaries of 440 government schemes, Niti Aayog CEO Amitabh Kant said today. Kant further said India will be the first country in the world which will make debit/credit cards...

Record 68.5 million people displaced worldwide: United Nations

by AIP Online Bureau | Jun 19, 2018 | Data, Risk Management

  A record 68.5 million people have been forced flee their homes due to war, violence and persecution, notably in places like Myanmar and Syria, the UN said today. By the end of 2017, the number was nearly three million higher than the previous year and showed a...
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