by AIP Online Bureau | Jan 10, 2018 | Articles, Technology
The world’s largest automotive alliance will invest as much as $1 billion to fund mobility startups over the next five years as it looks to make inroads with new technology at a time of rapid upheaval for the transportation sector. Carmaking partners Renault SA,...
by AIP Online Bureau | Jan 10, 2018 | Articles, Risk Management
Mumbai: In India, more than 150,000 people are killed each year in traffic accidents. That's about 400 fatalities a day and far higher than developed auto markets like the US, which in 2016 logged about 40,000. Now, Prime Minister Narendra Modi's...
by AIP Online Bureau | Jan 10, 2018 | Indian News
NEW DELHI: The Centre is likely to increase the budget allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to ₹13,000 crore for 2018-19 from ₹10,701 crore for the current financial year, sources said. The Union Budget for 2018-19 will be presented on...
by AIP Online Bureau | Jan 9, 2018 | Indian News
Mumbai: State -owned New India Assurance, has posted a growth of 20 per cent in domestic premium at Rs 16,800 crore for the nine months ended December 31, 2017, against Rs 14,000 crore in the year-ago period. The largest general insurance company in the country...
by AIP Online Bureau | Jan 9, 2018 | International News, Reinsurance
Mumbai: The government of India is actively considering to set up a unified financial regulator for India's only international financial Services centre (IFSC) at Gift City(Gujarat International Finance Tec City (GIFT City). “Yes, the government...
by AIP Online Bureau | Jan 9, 2018 | International News, Risk Management
Hackers have already begun targeting the Pyeongchang Olympic Games with malware-infected emails which may be aimed at stealing passwords or financial information, researchers said Saturday. The security firm McAfee said in a report that several...
by AIP Online Bureau | Jan 8, 2018 | Interviews
How do you see the growth and development in Indian general insurance industry? Why do you think penetration level has remained so low? The industry growing in double digit figures since past two years is closely linked to country’s GDP, as both...
by AIP Online Bureau | Jan 6, 2018 | Data, Technology
India's domestic IT spending is estimated to grow at 11.6 per cent to Rs 2,33,273 crore this year, helped by government's push for digital services, a report by Coeus Age Consulting said. The domestic spending in 2017 grew at a slower pace of 10.3 per...
by AIP Online Bureau | Jan 6, 2018 | Indian News, Risk Management
New Delhi: Instead of jail term, celebrities endorsing misleading ads will have to pay penalty of up to Rs 50 lakh and serve a ban of up to three years once the new Consumer Protection Bill is cleared by Parliament. The Consumer Protection Bill, 2018 was...
by AIP Online Bureau | Jan 5, 2018 | Data, Technology
Kolkata: The National Payments Corporation of India – an umbrella organisation for all retail payments in India – registered 145.46 million transactions on its digital Unified Payments Interface (UPI) in December 2017 from just 4.15 million in January last...
