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NASA study shows freshwater decline in India

by AIP Online Bureau | May 19, 2018 | Climate, Environment, Renewable Energy, Facts

  WASHINGTON: India is among the world's major hotspots which has seen a serious decline in the availability of freshwater due to overuse of water resources, reveals a new study that combined an array of NASA satellite observations of Earth with data on human...

Cyclone Sagar: IMD issues advisory to 5 states, 1 UT

by AIP Online Bureau | May 18, 2018 | Indian News

  New Delhi: The India Meteorological Department today issued an advisory to Tamil Nadu, Kerala, Karnataka, Goa, Maharashtra and the Lakshadweep archipelago over cyclonic storm 'Sagar'. The cyclonic storm lay centered over the Gulf of Aden, about 390 km...

Indian economy projected to grow 7.6% in 2018-19: UN

by AIP Online Bureau | May 18, 2018 | Data

  India's economy is projected to grow 7.6 percent in fiscal year 2018-19, remaining the fastest growing economy in the world, as robust private consumption and benefits from past reforms help the country's GDP gain momentum but sustained recovery in...

Domestic air passenger volume surges 26% in April to 11.51mn

by AIP Online Bureau | May 18, 2018 | Data

  Domestic air passenger volume surged 26 percent in April to 11.51 million over the year-ago period driven by the tourists season, which began from the previous month, according to DGCA data released today.   Indian carriers together flew 11.51 million...

EU says it can’t guarantee Brexit won’t hit financial contracts

by AIP Online Bureau | May 18, 2018 | International News

  LONDON:- There is no guarantee that Brexit won’t disrupt millions of insurance and derivative contracts and it is still up to firms to take preventive measures, the European Union’s financial services chief said on Thursday.   Valdis...

Bajaj Allianz General Insurance records a net profit of Rs 921 cr, up 27 % in FY 18

by AIP Online Bureau | May 18, 2018 | Indian News

  Pune:  Improving its  combined ratio further to 92.3 per cent in FY 17-18 over 96.8 per cent in 2016-17,Bajaj Allianz General Insurance, recorded a net profit of Rs 921 crore for FY 17-18, up 27 per cent, compared to Rs. 728 crore in the previous...

Oriental Insurance records a net profit of Rs 1510 crore in 2017-18  against losses of Rs 1691 in 2016-17

by AIP Online Bureau | May 18, 2018 | Indian News

  New Delhi: Effecting a remarkable turnaround in performance, Delhi based Oriental Insurance Company(OIC) has posted a net profit of Rs 1510 crores in 2017-18 as against  losses of Rs 1691 crores in 2016-17.   The company which is one of the merged...

3 panels grill 9 candidates for selecting CMDs of NIA,UII &NIC

by AIP Online Bureau | May 18, 2018 | Indian News

  New Delhi: Three committees formed by the ministry of finance(MoF) has interviewed nine candidates on Thursday for selecting new CMDs of three public sector general insurance companies- New India Assurance(NIA),United India Insurance(UII) and National Insurance...

IndiaFirst Life FY18 net up 46% at Rs 51 cr

by AIP Online Bureau | May 17, 2018 | Indian News

  Mumbai: IndiaFirst Life Insurance today reported 46 percent year-on-year growth in net profit at Rs 51 crore during financial year 2017-18.   The private insurer's net profit stood at Rs 35 crore in financial year 2016-17.   This is the fourth...

Insurtech firmLemonade launches world’s First ‘Open Source’ Insurance Policy

by AIP Online Bureau | May 17, 2018 | International News, Technology

  New York: Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced it has rewritten the generations-old insurance policy, making it simple, relevant, approachable, digital, and in plain English.  ...
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