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S Ramann appointed as chairman of PFRDA for 5 yrs

S Ramann appointed as chairman of PFRDA for 5 yrs

by AIP Online Bureau | Apr 2, 2025 | Indian News, Pension & Social Security, Policy

Sivasubramanian Ramann, chairman-designate, PFRDA Ramann belongs to 1991 batch of Indian Audit & Accounts Service (IA & AS) and was also Chairman & Managing Director, Small Industries Development Bank of India (SIDBI) earlier. New Delhi: The government on...
Allianz scraps nuclear, military exclusions to back Europe’s rearmament drive

Allianz scraps nuclear, military exclusions to back Europe’s rearmament drive

by AIP Online Bureau | Apr 1, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

AGI wrote to its clients late last week to advise that its sustainable funds could now buy into companies that earned more than 10% of their revenue from military equipment and services. Germany’s Allianz Global Investors has dropped two exclusions blocking its...

Over 13 lakh electric 2-wheeler 3W sold in FY25: Govt

by AIP Online Bureau | Apr 1, 2025 | Data, Eco/Invest/Demography, Technology

“In the Financial Year 2024-25, a total of 11,49,334 electric two-wheelers (e-2W) were sold, reflecting a 21 per cent increase compared to 9,48,561 units sold in FY 2023-24. Similarly, the sales of electric three-wheelers e-3W (L5) reached 1,59,235 units in FY...
Oracle Corp.’s computer systems hacked to extort multiple medical providers in US

Oracle Corp.’s computer systems hacked to extort multiple medical providers in US

by AIP Online Bureau | Apr 1, 2025 | Eco/Invest/Demography, Health, Intermediaries, Technology

“Available evidence suggests the threat actor illegally accessed the environment by using stolen customer credentials,” the company said in the notice. Oracle said it became aware of the breach around Feb. 20 Hackers broke into Oracle Corp.’s computer systems...
US court allows investor lawsuit against Musk over Twitter purchase

US court allows investor lawsuit against Musk over Twitter purchase

by AIP Online Bureau | Apr 1, 2025 | International News, Technology

Elon Musk A Manhattan federal judge on last Friday said investors can move forward with claims that Musk committed securities fraud by failing to make timely disclosures to the US Securities and Exchange Commission, posting “misleading tweets about Twitter’s future”...

Japan estimates feared megaquake could cause $1.8 trln in damage, kill 300,000 people

by AIP Online Bureau | Apr 1, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management

Japan is one of the world’s most earthquake-prone countries, and the government sees about an 80% chance of a magnitude 8 to 9 earthquake along a tremulous seabed zone known as the Nankai Trough. TOKYO: Japan’s economy could lose as much as $1.81 trillion...
Automakers clock robust SUV sales in India in March amid resilient economy

Automakers clock robust SUV sales in India in March amid resilient economy

by AIP Online Bureau | Apr 1, 2025 | Data, Non-Life

Among the top performers, Maruti Suzuki, Mahindra & Mahindra, and Kia India showcased impressive growth in their SUV sales. New Delhi: The Indian automakers on Tuesday reported strong sales figures for the month of March, particularly in the SUV segment, driven by...

Investors can store access demat account mutual fund documents in DigiLocker

by AIP Online Bureau | Apr 1, 2025 | Data, Eco/Invest/Demography, Technology, Wealth Management/ Philanthropy

The initiative will reduce unclaimed assets in the Indian securities market and enhance investor protection. New Delhi: Investors can store and access their demat account statements and mutual fund holdings through DigiLocker beginning April 1. The initiative will...
Investors’ wealth erodes by Rs 3.44 lakh cr as mkts crash

Investors’ wealth erodes by Rs 3.44 lakh cr as mkts crash

by AIP Online Bureau | Apr 1, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

“Indian equities faced sharp declines on the first trading session of FY26, with the Nifty tumbling 1.5 per cent to close at 23,165, amid heightened concerns over US President Trump’s reciprocal tariff plans, which take effect from April 2nd,”...
LIC’s potential stake in ManipalCigna to boost health insurance market: JP Morgan

LIC’s potential stake in ManipalCigna to boost health insurance market: JP Morgan

by AIP Online Bureau | Apr 1, 2025 | Health, Indian News, Life, Non-Life

LIC is reportedly in the final stages of acquiring a significant minority stake in ManipalCigna Health Insurance, a standalone health insurer. The deal, valued at Rs 3,500-3,700 crore, would see LIC owning 40-49 per cent of ManipalCigna, which is currently owned by...
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