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Assessing AI: 73% of enterprises have launched AI, 52% of deployments achieving business value, Infosys Survey

by AIP Online Bureau | Nov 13, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

Sumit Virmani, EVP and Global Chief Marketing Officer, Infosys, said: “CMOs face the dual challenge of fueling growth in the short-term while articulating the value of their brand investments in the medium term. They recognize AI’s, especially generative...

Indian patent office cautions people against fraudsters seeking money to facilitate IP applications

by AIP Online Bureau | Nov 13, 2024 | Eco/Invest/Demography, Indian News, Technology

“It is, therefore, advised to all the stakeholders who are applying or may have applied for any type of IP applications (i.e. Patents, Designs, Trade Marks, GIs (geographical indications), Designs or Copyright) that they should not fall prey to such false claims...
Passenger vehicle wholesales up marginally at 3,93,238 units in Oct: SIAM

Passenger vehicle wholesales up marginally at 3,93,238 units in Oct: SIAM

by AIP Online Bureau | Nov 13, 2024 | Data, Eco/Invest/Demography, Non-Life

Passenger vehicles posted its highest-ever sales of October in 2024 at 3.93 lakh units, with a growth of 0.9 per cent, albeit on a high base of last October. The two-wheeler segment also posted the highest-ever sales of October in 2024, SIAM Director General Rajesh...

East India better insured to take on retired life than other regions: Max Life Study

by AIP Online Bureau | Nov 12, 2024 | Eco/Invest/Demography, Features, Pension & Social Security

Notably, East India also led in National Pension System (NPS) ownership, with nearly one in four holding an NPS account. Financial product awareness among the respondents from the region was also high, with 97 per cent of individuals aware of life insurance and about...
Next GST Council meet on Dec 21-22, Decision on lower GST rate on health and life insurance

Next GST Council meet on Dec 21-22, Decision on lower GST rate on health and life insurance

by AIP Online Bureau | Nov 12, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

Union Finance Minister Nirmala Sitharaman The 55th GST Council meeting would be held during one of these two days in which the much awaited decision on exemption or lower GST rate on health and life insurance would be taken New Delhi: Union Finance Minister Nirmala...

Shriram General in pact to enable Muthoot Securities customers to purchase covers

by AIP Online Bureau | Nov 12, 2024 | Briefs, Non-Life, Wealth Management/ Philanthropy

Shriram General Insurance Company (SGIC) has entered into a partnership with The Muthoot Group as part of which it will enable Muthoot Securities’ customers to purchase general insurance covers. An agreement was signed between Ragesh GR, CEO, Muthoot Securities,...
GIC Re’s net profit up 16% to Rs 1861 crore in Q2FY25

GIC Re’s net profit up 16% to Rs 1861 crore in Q2FY25

by AIP Online Bureau | Nov 12, 2024 | Indian News, Life, Non-Life, Reinsurance

N Ramaswamy, CMD, GIC Re Though the largest Indian reinsurer has cut down its gross premium by 21 per cent to Rs 8,413 crore in the reporting quarter, it has improved its combined ratio, underwriting losses and incurred claims during the period “Our continuous...
Net profit of National Insurance Company rises 80% to Rs 81 cr in Q2FY25

Net profit of National Insurance Company rises 80% to Rs 81 cr in Q2FY25

by AIP Online Bureau | Nov 12, 2024 | Health, Indian News, Non-Life

Going ahead, NIC is committed to its stake holders and the improved financial performance is an indicator for the company to achieve profitable growth, T Babu Paul, executive director, NIC Kolkata: State owned National Insurance Company(NIC) has recorded a 80 per cent...

SBI Ventures plans to raise $237 million Climate Fund

by AIP Online Bureau | Nov 12, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

The fund will invest in small and mid-sized companies that are focused on recycling waste and curbing emissions among other initiatives, and obtain equity partnership Mumbai: A unit of India’s largest lender State Bank of India is planning to raise as much as Rs 20...

Bridge Specialty International launches with the rebrand of Lonmar Global Risks

by AIP Online Bureau | Nov 12, 2024 | Briefs, Intermediaries, Non-Life, Reinsurance, Risk Management

Bridge Specialty Group, a global wholesale and specialty insurance brokerage, has announced plans to unify its London-based businesses Lonmar Global Risks, Decus Insurance Brokers and BdB Limited under Bridge Specialty International. Bridge Specialty International...
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