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AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief

AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief

by AIP Online Bureau | Mar 16, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Ravneet Kaur, chairman, Competition Commission of India “Today’s competitive landscape is defined by platform economies, network effects, and algorithm-driven decision-making,” the CCI chief said and added that market power today is about data...
At least 33 dead as tornadoes ravage central US

At least 33 dead as tornadoes ravage central US

by AIP Online Bureau | Mar 16, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

“Numerous significant tornadoes, some of which may be long-track and potentially violent, should continue into this evening,” the National Weather Service said At least 33 people were killed and dozens more injured Saturday when tornadoes and violent...

FPIs withdraw Rs 30,000 crore from equities in first fortnight in March

by AIP Online Bureau | Mar 16, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

With these, the total outflow by FPIs has reached Rs 1.42 lakh crore (USD 16.5 billion) in 2025 so far, data with the depositories showed “The recent decline in the dollar index will limit the fund flows to the US. However, the heightened uncertainty triggered...

BIS cracks down on e-commerce giants over non-certified products

by AIP Online Bureau | Mar 15, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

The standards authority has issued notices to major e-commerce platforms including Amazon, Flipkart, Meesho, Myntra, and BigBasket, directing them to ensure that only BIS-certified products are listed where certification is mandatory New Delhi: The Bureau of Indian...
UK police charge Russian captain involved in U.S. tanker ship crash

UK police charge Russian captain involved in U.S. tanker ship crash

by AIP Online Bureau | Mar 15, 2025 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management

The 59-year-old Vladimir Motin was captain of the Portuguese-flagged Solong that hit the Stena Immaculate tanker, carrying military jet fuel, at close to full speed on Monday. Initial concerns of an environmental disaster subsided as assessments showed the jet fuel...
StanChart raises 1 bn euro via first social bond, commits 50% for India

StanChart raises 1 bn euro via first social bond, commits 50% for India

by AIP Online Bureau | Mar 15, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

The 8-year bond will primarily facilitate lending to small and medium sized enterprises (SMEs), ensuring access to finance, helping create jobs and empowering and nurturing women-owned SMEs, StanChart said in a statement on Friday New Delhi: UK multinational Standard...
India advancing with labour welfare, quality employment and social justice: Govt

India advancing with labour welfare, quality employment and social justice: Govt

by AIP Online Bureau | Mar 15, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pension & Social Security, Policy

Sumita Dawra, Secretary, Ministry of Labour and Employment and Gilbert F. Houngbo, Director General, International Labour Organisation(ILO) at ILO meet in Geneva The contribution of India’s flagship institutions and schemes such as EPFO (7.37 crore contributing...
Govt setting up ecosystem to resolve consumer complaints at pre-litigation stage: Secretary

Govt setting up ecosystem to resolve consumer complaints at pre-litigation stage: Secretary

by AIP Online Bureau | Mar 15, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The technological transformation of NCH with artificial intelligence (AI) tools has led to a significant increase in its call-handling capacity. The number of calls received by NCH has grown nearly tenfold from 14,795 calls in January 2015, Consumer Affairs Secretary...
Need to make sustainable lifestyle choices available accessible affordable for all Joshi

Need to make sustainable lifestyle choices available accessible affordable for all Joshi

by AIP Online Bureau | Mar 15, 2025 | Eco/Invest/Demography, Indian News, Policy

Pralhad Joshi ,Union Minister of Food and Consumer Affairs The government is working to move beyond “consumer protection” toward promoting “consumer interest” and “consumer care,” Joshi said and mentioned the monitoring mechanisms...
RBI assures customers and investors on IndusInd Bank’s  financial health

RBI assures customers and investors on IndusInd Bank’s financial health

by AIP Online Bureau | Mar 15, 2025 | Banking & Bancassurance, Indian News, Regulation, Technology

Earlier this week, IndusInd Bank disclosed a discrepancy in accounting with an estimated impact of 2.35 per cent of the bank’s net worth. Soon after the disclosure, massive price correction in the bank’s scrip was witnessed. Mumbai: The Reserve Bank on...
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