by AIP Online Bureau | Apr 4, 2018 | Data
Nearly one crore new filers have joined the tax system in 2017-18 The tax department said during 2017-18, 6.8 crore income tax returns were filed – up 26 per cent from previous year's 5.4 crore returns. There has been a significant...
by AIP Online Bureau | Apr 4, 2018 | International News, Reinsurance
Zurich: In February 2018, Swiss Re announced it had entered into preliminary discussions with SoftBank Group Corp. regarding a potential partnership and minority investment. Today, Swiss Re confirmed that negotiations are still ongoing in respect of a...
by AIP Online Bureau | Apr 4, 2018 | Facts, Risk Management
When a Tesla Inc. Model X slammed into a concrete highway barrier in California last month, the vehicle’s computers contained a wealth of information about the moments leading to the fatal accident. The problem for U.S. accident investigators is that the...
by AIP Online Bureau | Apr 3, 2018 | Indian News, Reinsurance
Mumbai: For 2017-18, a clutch of reinsurers and insurers led by the state owned GIC Re, have renewed the insurance cover of the ONGC(Oil & Natural Gas Corporation),the largest offshore exploration and production company in India with USD 40 billion...
by AIP Online Bureau | Apr 3, 2018 | Indian News, Regulation
Hydearabad: The insurance regulator, IRDAI has launched an investigation internally agianst Marsh India Insurance Brokers, even as it is waiting to appeal against SAT(Securities Appellate Tribunal) judgment that had severely reprimanded the...
by AIP Online Bureau | Apr 3, 2018 | Indian News
Mumbai: SBI Life will kick start its maiden overseas operations in Bahrain sometime in April. “We have completed setting up our Bahrain Branch and would start our operations somewhere in April. The idea is to serve overseas expatriate population....
by AIP Online Bureau | Apr 2, 2018 | Facts, Health, Risk Management
LOS ANGELES: Starbucks Corp and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines. A little-known not-for-profit group sued...
by AIP Online Bureau | Apr 2, 2018 | Data
Private equity investments fell 49 per cent to USD 3.7 billion during January-March quarter this year largely due to lack of big ticket transactions, says a report. According to data from Venture Intelligence, private equity firms invested about USD 3.7...
by AIP Online Bureau | Apr 2, 2018 | Indian News
New Delhi: The Centre has allowed states to set up their own insurance companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior Agriculture Ministry official said today. The move comes after several requests from states as well as...
by AIP Online Bureau | Apr 2, 2018 | Climate, Environment, Renewable Energy, International News
LONDON: Weather extremes caused by climate change could raise the risk of food shortage globally, a study that looked at data from 122 countries suggests. Researchers led by the University of Exeter in the UK examined how climate change could affect the...
