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GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

by AIP Online Bureau | Dec 11, 2024 | Eco/Invest/Demography, International News, Technology

GM on Tuesday said it would get out of robotaxis “given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market” Detroit: General Motors has said it will retreat from the robotaxi business...
Sebi bans finfluencer, firm from securities market, orders Rs 9.5 cr disgorgement for unlawful advisory biz

Sebi bans finfluencer, firm from securities market, orders Rs 9.5 cr disgorgement for unlawful advisory biz

by AIP Online Bureau | Dec 11, 2024 | Data, Eco/Invest/Demography, Regulation, Risk Management

In its final order, Sebi noted that Ravindra Bharti Education Institute used unregistered investment advice, trade recommendations, and execution to lure inexperienced investors into the securities market through its premises and employees.Clients were not fully...
PM urges more senior citizens to take advantage of Ayushman Vaya Vandana Card

PM urges more senior citizens to take advantage of Ayushman Vaya Vandana Card

by AIP Online Bureau | Dec 10, 2024 | Eco/Invest/Demography, Health, Indian News

Prime Minister Narendra Modi Treatments worth more than Rs 40 crore have been availed since the launch of the Ayushman Vay Vandana card, benefitting over 22,000 senior citizens aged 70 years and above under the Ayushman Bharat health insurance scheme in less than two...
Nippon Life in talks to buy Resolution Life in deal worth $8.2 billion

Nippon Life in talks to buy Resolution Life in deal worth $8.2 billion

by AIP Online Bureau | Dec 10, 2024 | Eco/Invest/Demography, International News, Life

Cross-border M&A involving Japanese companies has surged this year, driven by amended guidelines designed to encourage takeovers of Japanese firms.Japanese firms also are continuing to look abroad for growth as their domestic market shrinks Nippon Life Insurance...
Star Health takes steps after data breach: MD

Star Health takes steps after data breach: MD

by AIP Online Bureau | Dec 10, 2024 | Health, Indian News, Non-Life, Regulation, Risk Management, Technology

“In a world, where there is so much inter-connectivity, when you have so many connections with different stakeholders, agents, hospitals, insurance companies, you have to be on your guard. We found that if any vulnerability is there, these hackers are able to...
India achieves total fertility rate of 2.0: Centre

India achieves total fertility rate of 2.0: Centre

by AIP Online Bureau | Dec 10, 2024 | Eco/Invest/Demography, Health, Indian News, Policy

Anupriya Patel,Union Minister of State for Health and Family Welfare Union Minister of State for Health and Family Welfare Anupriya Patel said this is aligned with the National Population Policy 2000 and the National Health Policy 2017 (TFR of 2.1) New Delhi: India...
RBI approves Burmans’ additional 26% stake in Raligare

RBI approves Burmans’ additional 26% stake in Raligare

by AIP Online Bureau | Dec 10, 2024 | Banking & Bancassurance, Health, Indian News, Regulation

This move will increase the holding of Burman family in Religare Enterprises Ltd (REL) and will surpass 56 per cent, enabling them to become majority owners in the financial services firm New Delhi: Shares of Religare Enterprises climbed nearly 4 per cent on Tuesday...
LIC to spend up to Rs 840 crore for Bima Sakhis, targets Rs 4,000 crore new business in 1st yr

LIC to spend up to Rs 840 crore for Bima Sakhis, targets Rs 4,000 crore new business in 1st yr

by AIP Online Bureau | Dec 9, 2024 | Indian News, Intermediaries, Life

Siddharth Mohanty, MD and CEO, Life Insurance Corporation Talking about proposed changes in the Insurance Act, LIC MD and CEO Siddharth Mohanty said composite licensing boosts the industry and LIC has no issue with it. The proposed changes in the Insurance Act only...
Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business

Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business

by AIP Online Bureau | Dec 9, 2024 | Intermediaries, International News, Non-Life, Reinsurance

Gallagher follows in the footsteps of rivals Aon and Marsh McLennan, which have also struck $13 billion and $7.75 billion, deals, respectively, over the last 12 months to expand into the vast and fast-growing middle-market insurance business Arthur J Gallagher said on...
Revenue Secretary Sanjay Malhotra appointed as new RBI governor, to succeed Shaktikanta Das

Revenue Secretary Sanjay Malhotra appointed as new RBI governor, to succeed Shaktikanta Das

by AIP Online Bureau | Dec 9, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

, Sanjay Malhotra, Governor-designate, Reserve Bank of India The Appointments Committee of the Cabinet cleared Malhotra’s name, who has been appointed as the RBI Governor for three years, starting Wednesday New Delhi: The government on Monday appointed Revenue...
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