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Dai-ichi Life picks up 39.62% inĀ Union Asset Management Company

by AIP Online Bureau | May 17, 2018 | Uncategorized

  Mumbai: Japanese major Dai-ichi Life Holdings, Inc. (“Dai-ichi Life”)  has picked up  39.62 per cent in Union Asset Management Company Pvt, a subsidiary of the state rurnUnion Bank of India..  With this investment, Dai-ichi Life...

Govt to push wage code, table social security code in Monsoon Session

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

  New Delhi: Labour Minister Santosh Gangwar on Wednesday said the Wage Code Bill 2017 would be pushed for passage while the Labour Code on Social Security Bill 2018 would be tabled for consideration in the monsoon session of Parliament.   “The...

Aadhaar only an add-on, not mandatory for getting pension: Govt

by AIP Online Bureau | May 17, 2018 | Indian News, Pension & Social Security

  New Delhi: Aadhaar card is not mandatory for central government employees to get their pension, Minister of State for Personnel Jitendra Singh has said.   In 30th meeting of the Standing Committee of Voluntary Agencies here recently, he said Aadhaar is an...

Uneasy,pessimistic,and concerned:Deloitte Millennial Survey

by AIP Online Bureau | May 16, 2018 | Articles

  NEW YORK: Following a year marked by significant geopolitical and social change, millennials and Gen Z are sounding the alarm for businesses to step up their efforts to make a positive impact on the broader world, according to Deloitte’s seventh annual...

Allianz Global Corporate & Specialty outlines 5-year growth ambition for South Korean branch

by AIP Online Bureau | May 16, 2018 | International News

  Seoul: Allianz Global Corporate & Specialty (AGCS), the first foreign non-life insurer in almost a decade to receive regulatory approval from South Korea’s Financial Services Commission (FSC) to open a branch in Seoul, has recorded a strong start to...

Iran Oil exports face insurance snag no matter what Europe wants

by AIP Online Bureau | May 16, 2018 | International News

  If European powers are to succeed in holding together a nuclear deal with Iran that the U.S. abandoned a week ago, then one issue they’ll need to consider is the insurance of oil tankers hauling the Persian Gulf country’s crude.   From early...

FPI inflows falls to $2.2 billion QoQ in March quarter

by AIP Online Bureau | May 15, 2018 | Data

  Continuing their buying spree in the March quarter, foreign investors pumped in USD 2.2 billion in the Indian equity market on hopes of better corporate earnings, promising economic data and buoyant global markets.    The net inflow by foreign...

10 candidates to be interviewed on May 17 for selecting CMDs of NIA,UII &NIC

by AIP Online Bureau | May 15, 2018 | Indian News

  New Delhi: Finally, the ministry of finance(MoF) has decided to hold the interviews of 10 candidates to select the new CMDs of  three public sector general insurance companies-New India Assurance(NIA). National Insurance Company(NIC), United India...

80 dead, 136 injured in 5 states due to lightning strikes, thunderstorms

by AIP Online Bureau | May 14, 2018 | Indian News

  NEW DELHI: As many as 80 people have been killed in five states due to thunderstorms and lightning strikes since yesterday, with Uttar Pradesh alone recording 51 deaths, the home ministry said on Monday.   Fourteen people died in West Bengal, 12 in Andhra...

FPIs withdraw $ 2-bn from markets in just 8 trading sessions

by AIP Online Bureau | May 13, 2018 | Data

  New Delhi:  Foreign investors have pulled out Rs 12,671 crore (USD 2 billion) from the Indian capital markets, in the last eight trading sessions, primarily due to surge in global crude prices and rise in yields of government securities here.   These...
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