by AIP Online Bureau | Apr 15, 2025 | Eco/Invest/Demography, Indian News, Risk Management
El Nino conditions, associated with below-normal monsoon rainfall in the Indian subcontinent, are unlikely to develop this time, India Meteorological Department (IMD) chief Mrutyunjay Mohapatra said Parts of the country are already battling extreme heat and a...
by AIP Online Bureau | Apr 15, 2025 | Articles, Policy, Risk Management
Trade credit, political risk insurance and surety to secure non-payment risk, enhance finance and protect investments are some of the mitigation solutions businesses may seek to explore By Steve Taylor, Head of Credit Solutions, Asia, Aon The recently announced U.S....
by AIP Online Bureau | Apr 15, 2025 | Climate, Environment, Renewable Energy, Indian News, Non-Life
Total electric vehicle (EV) registrations in the country reached 1.97 million units in FY25 against 1.68 million units in FY2023-24, posting a growth of 17 per cent New Delhi: Electric vehicle registrations in the country increased 17 per cent to 19.7 lakh units last...
by AIP Online Bureau | Apr 14, 2025 | Indian News, Life, Non-Life, Regulation, Technology
The Ministry of Finance has prohibited three PSU general insurers- Oriental Insurance Company , National Insurance Company and United India Insurance- from providing any capital to Bima Sugam as currently, they lack shareholders’ capital and they are not permitted use...
by AIP Online Bureau | Apr 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
This is the first time Taiping Reinsurance is bringing high-resolution flood modeling in-house, instead of relying on coarser models developed by US risk analytics companies, said Sheldon Yu, chief executive officer at the Hong Kong-based reinsurer The weather...
by AIP Online Bureau | Apr 13, 2025 | Climate, Environment, Renewable Energy, Indian News, Policy, Technology
In March, the Delhi government unveiled its plans that fuel pumps in the national capital will not provide petrol and diesel to vehicles older than 15 and 10 years, respectively. The city has 500 fuel refilling stations New Delhi: With 477 fuel refilling stations in...
by AIP Online Bureau | Apr 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology
Coming under the civil aviation ministry, AAIB is responsible for classification of safety occurrences involving aircraft operating in the Indian airspace into accidents, serious incidents, and incidents New Delhi: Aircraft Accident Investigation Bureau (AAIB) plans...
by AIP Online Bureau | Apr 13, 2025 | Climate, Environment, Renewable Energy, Indian News, Regulation, Risk Management
“The issue pertains to allegation for unauthorised disposal of fly ash. The Member Secretary… requested the company to deposit the environmental compensation of Rs 71,16,53,320,” Vedanta has said in a filing to BSE. New Delhi: Vedanta has said that State...
by AIP Online Bureau | Apr 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
“Banks freeze/block accounts based on internal triggers, however, as per the Prevention of Money Laundering Act (PMLA), they do not have the authority to freeze or block customer accounts without proper authorisation from a court or law enforcement agencies...
by AIP Online Bureau | Apr 13, 2025 | Health
“We will also focus on building wellness as part of our solutions, The initial strategy is to focus on southern states like Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, the company is eyeing Rs 200 crore in premium income during this financial year,...
