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Domestic macro data like IIP, CPI and global cues to drive market this week

by AIP Online Bureau | Jun 10, 2018 | Indian News

  NEW DELHI:  Stock market this week will be guided by a host of key macroeconomic data points including the industrial production numbers for April, global cues, trend in crude oil prices and progress of monsoon, say experts.   "Going ahead, the...

Nipah virus contained, says Health Minister

by AIP Online Bureau | Jun 10, 2018 | Health, Indian News

  KOLKATA: Union Minister of State for Health, Ashwini Choubey, today said that the Nipah virus has been contained and there was no need to run away from Kerala, where several deaths due to the virus have been reported.   He added that no fresh cases of...

Violence cost India’s GDP over $1 trillion on PPP basis; Per person cost at Rs 40,000

by AIP Online Bureau | Jun 10, 2018 | International News

  Violence cost the Indian economy a whopping USD 1.19 trillion (over Rs 80 lakh crore) last year in constant purchasing power parity (PPP) terms, which amounts to roughly USD 595.4 per person, says a report.   The findings are part of the report prepared by...

Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market

by AIP Online Bureau | Jun 9, 2018 | International News

  Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran,...

Personal Cyber Insurance-Security Packages Being Tested with Wealthy

by AIP Online Bureau | Jun 9, 2018 | Articles, Risk Management

  Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats.   What makes Jerry Hourihan lose sleep is that everyone’s information already is likely compromised. Hourihan...

UK financial watchdogs need competitiveness remit after Brexit: lawmaker

by AIP Online Bureau | Jun 9, 2018 | International News, Regulation

  LONDON: Britain’s financial regulators should have a formal objective to keep London’s banking and insurance sectors globally competitive after Brexit, a senior lawmaker said on Thursday.   The now defunct Financial Services Authority had a...

Max Life decides not to pursue ‘current acquisition opportunity’

by AIP Online Bureau | Jun 9, 2018 | Indian News

Mumbai: Max Financial Services today said it is not considering fund raising plans as its subsidiary Max Life has decided not to pursue any "acquisition opportunity". Max Financial was also supposed to raise funds to help its life insurer arm to acquire new...

Worldwide cyber insurance prm will touch $4 bn by 2021: Aon

by AIP Online Bureau | Jun 9, 2018 | International News

  Chicago: Aon Inpoint, Aon plc’s data, analytics, engagement and consulting team,found that by 2021 the most rapid growth of premiums will be seen in cyber insurance products.    Over the past five years, cyber premiums saw the most significant...

Honeywell international to make flying safer by decoding accents in India

by AIP Online Bureau | Jun 7, 2018 | Indian News, Risk Management

  With more than 100 languages and the ambition to connect even its smallest villages by air, India has become a testing ground for a new software being developed by Honeywell International that aims to make it easier to understand pilots speaking English with...

Govt committed to ensuring affordable healthcare for all:PM Modi

by AIP Online Bureau | Jun 7, 2018 | Health, Indian News

  New Delhi: Noting that access to medicines is a "big concern" for the poor, Prime Minister Narendra Modi on Thursday said his government is committed to decreasing the financial burden and ensuring affordable healthcare for every Indian.   He...
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