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Europe’s insurers tumble on report Amazon eyeing home insurance move

by AIP Online Bureau | Jun 7, 2018 | International News

  LONDON:  European insurance stocks tumbled on Wednesday as traders reacted to a report U.S. Internet giant Amazon is considering further extending its empire to offer home insurance.   The STOXX 600 insurance sector index .SXIP hit a session low after...

India moves one notch up to 136th place in Global Peace Index

by AIP Online Bureau | Jun 7, 2018 | Data

India has moved one notch higher to 136th position in the 2018 Global Peace Index prepared by the international think-tank Institute for Economics and Peace(IEP), which was topped by Iceland.    The report that covers 99.7 per cent of the world's...

FDI inflows to India decline by $4 bn in 2017: World Investment Report

by AIP Online Bureau | Jun 7, 2018 | Data

  Foreign Direct Investment (FDI) to India declined to $ 40 billion in 2017 from $ 44 billion in the previous year, said UNCTAD'S World Investment Report 2018.   "FDI inflows to South Asia contracted by 4 per cent to $ 52 billion, owing to a drop in...

RBI hikes key rate, keeps stance ‘neutral’

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

  MUMBAI:  The Reserve Bank of India (RBI) on Wednesday raised its policy rate for the first time in over four years, due to inflation concerns, and it surprised some analysts by keeping its policy stance as “neutral”.The RBI’s monetary...

Threats from Conflict and Terrorism account for more than half of Indian cities’ Risks:Lloyd’s Report

by AIP Online Bureau | Jun 6, 2018 | International News, Risk Management

  MUMBAI: The latest edition of Lloyd’s City Risk Index (CRI) has found out that Delhi (5th), Mumbai (6th) and Bangalore (7th) rank among the top 10 cities globally for GDP@Risk for terrorism threats.   Delhi (5th) and Mumbai (7th) are also in the...

Digit Insurance partners with Flipkart to provide Mobile Insurance

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

  Bangalore: Digit Insurance has partnered with India’s largest ecommerce platform Flipkart, to launch a Mobile protection plan intended for people who purchase smartphones on Flipkart’s platform.   Digit insurance has designed this product...

Global airlines making profits despite looming threat of trade war, high fuel cost: IATA

by AIP Online Bureau | Jun 5, 2018 | International News

  The International Air Transport Association (IATA) expects the airlines to achieve a collective net profit of USD 33.8 billion, at a net margin of 4.1 per cent, in 2018 compared to a record USD 38 billion last year.   The global airline industry is...

WhatsApp leak: Sebi to soon take action against market operators, cos’ senior staff

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

Mumbai: Sebi will soon take action against some market operators and senior staff members of about a dozen listed blue-chip firms for their alleged involvement in leak of price-sensitive information through WhatsApp. The companies may also face censure action by the...

India extracts more groundwater than China-US, says study 

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

  KOCHI: India accounts for one-fourth of the total groundwater extracted globally, more than that of China and U.S combined and cities and villages in the northern and central parts of India are among regions facing a water crisis, says an analysis by...

Bharti AXA Life turns profitable, total prm at Rs 1,684 cr, up 21 %, in 2017-18

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

  Mumbai: Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, and AXA, has turned profitable by recording a net profit of Rs 5 crore in 2017-18 against a loss of Rs 120 crore during 2016-17.   Commenting on the performance of the company,...
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