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IndiaFirst Life’s corporate agency partnership with Northern Arc Capital

by AIP Online Bureau | Jul 8, 2025 | Banking & Bancassurance, Briefs, Intermediaries, Life

IndiaFirst Life Insurance Company (IndiaFirst Life) has announced a strategic corporate agency partnership with Northern Arc Capital Ltd. (Northern Arc), a leading diversified financial services platform. Under this agreement, Northern Arc will distribute IndiaFirst...

Houthi militants continued to pound a commercial ship in the Red Sea

by AIP Online Bureau | Jul 8, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“These incidents highlight the Houthis’ disregard for human life, as they continue to exploit seafarers as pawns in their strategic conflicts,” said Jakob Larsen, chief safety and security officer at BIMCO, the world’s largest direct-membership trade group for the...

Maharashtra govt yet to pay Rs 1,015-crore premium to insurance companies: Minister

by AIP Online Bureau | Jul 8, 2025 | Indian News, Non-Life, Policy, Reinsurance

Speaking in the legislative council, Agriculture Minister Manikrao Kokate said the state government will pay its instalment to insurance companies (on behalf of farmers) within eight days. He assured all eligible farmers will get money for crop losses within 15 days...

Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services

by AIP Online Bureau | Jul 8, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pension & Social Security

A forum of 10 trade unions has given a 17-point charter of demand. It includes withdrawal of fixed-term employment and scrapping of Agnipath scheme, 8-hour workday, restoration of non-contributory Old Pension Scheme and a minimum monthly penion of Rs 9,000 for the...
Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill

Indian state Kerala sues Swiss-based Mediterranean Shipping Company, seeks $1.1 billion in compensation over oil spill

by AIP Online Bureau | Jul 8, 2025 | International News, Non-Life, Reinsurance, Risk Management

On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam on India’s southern tip to Kochi had capsized. The incident had resulted in leaking fuel and releasing cargo, some of which contained hazardous material. NEW DELHI: India’s southern state...
EV sales in India rise 28.6 pc to 1,80,238 in June: FADA

EV sales in India rise 28.6 pc to 1,80,238 in June: FADA

by AIP Online Bureau | Jul 8, 2025 | Data, Eco/Invest/Demography, Technology

“In June 2025, electric two-wheelers commanded 7.3 per cent of the market, up from 5.8 per cent a year ago, demonstrating growing consumer confidence in EV technology. Electric three-wheelers now account for over 60 per cent of all three-wheeler sales, cementing...

MS Amlin appoints Nicola Harris to lead natural resources

by AIP Online Bureau | Jul 8, 2025 | International News, Reinsurance

In this role, Nicola will be responsible for leading the efforts of a team that supports a diverse range of clients throughout the entire energy chain. With a significant portfolio, the Natural Resources account includes upstream, midstream, and downstream, as well as...
91pc of individual traders lose money in equity derivatives in FY25 Sebi study

91pc of individual traders lose money in equity derivatives in FY25 Sebi study

by AIP Online Bureau | Jul 8, 2025 | Eco/Invest/Demography, Indian News, Regulation, Wealth Management/ Philanthropy

The study indicated that the net losses of individual traders widened by 41 per cent to Rs 1,05,603 crore in FY25 from Rs 74,812 crore in FY24. New Delhi: Nearly 91 per cent of individual traders incurred losses in the equity derivatives segment in fiscal year 2025,...
Fintech sector must focus on financial education and consumer protection, says DFS Secretary

Fintech sector must focus on financial education and consumer protection, says DFS Secretary

by AIP Online Bureau | Jul 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

M Nagaraju, secretary,Dpartment of Financial Services Secretary Department of Financial Services Secretary M Nagaraju revealed that the country now has around 55 crore Jan Dhan accounts, with 56 per cent held by women, and 90 per cent of Indian adults now possess bank...

Carrier becomes latest global firm to sue govt over electronic waste rules

by AIP Online Bureau | Jul 7, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

All of the companies0South Korea’s Samsung Electronics and LG Electronics as well as Japan’s Daikin and Tata’s Voltas- are seeking to have the rules quashed. India is the third-biggest generator of electronic waste behind China and the U.S., but the...
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