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Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt

Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, International News

The commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea off the coast of ​Yemen on August 4, India’s Foreign Ministry ​said, adding that it is coordinating with the ‌Yemeni ⁠authorities over this incident. A projectile struck an Indian-flagged vessel...
LIC Offer For Sale gets 3.32 times institutional demand; government to exercise green shoe option

LIC Offer For Sale gets 3.32 times institutional demand; government to exercise green shoe option

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

“Offer for Sale in LIC received an overwhelming response from the institutional investors and was over-subscribed 3.32 times of its base size. This enthusiastic participation reflects robust investor confidence and the depth of India’s capital markets. In...
SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Technology

The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...
SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts

SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Seeking greater accountability, the bench asked the authorities to submit a report containing state-wise and bank-wise details of grievances registered and disposed of under the cyber fraud redressal mechanism.It further directed authorities to ensure the prompt...
14 Injured as Air India’s Phuket-Delhi flight encounters severe turbulence

14 Injured as Air India’s Phuket-Delhi flight encounters severe turbulence

by AIP Online Bureau | Aug 4, 2026 | Indian News

Flight AI 2379, an Airbus A320 carrying 134 passengers, was approaching Delhi on Tuesday morning when it encountered intense weather conditions. The aircraft reportedly shook violently and tilted sharply for several minutes, causing panic among passengers. New...
Breaking Silos: Unlocking next growth journey

Breaking Silos: Unlocking next growth journey

by AIP Online Bureau | Aug 4, 2026 | Articles, Banking & Bancassurance, Life

India’s insurance market is entering a new phase where distribution scale alone will no longer determine growth. As customer journeys become increasingly digital and interconnected, insurers must bring product, underwriting, technology, marketing, operations and...
War Risk Insurance: Preparing for a new Geopolitical Reality

War Risk Insurance: Preparing for a new Geopolitical Reality

by AIP Online Bureau | Aug 4, 2026 | Articles, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management

Rising geopolitical tensions are turning war from a distant threat into a tangible business risk for Indian companies exposed to global trade, shipping and supply chains. With conventional insurance policies largely excluding war-related losses, businesses need to...
EV Transition: Plugging in new insurance solutions

EV Transition: Plugging in new insurance solutions

by AIP Online Bureau | Aug 4, 2026 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Technology

India’s electric mobility revolution is moving from promise to reality, with EV sales recording strong growth across segments. As adoption accelerates, insurers must rethink traditional motor cover to address battery risks, charging infrastructure, specialised...
OpenAI finds evidence other AI agents escaped containment as it widens hacking probe

OpenAI finds evidence other AI agents escaped containment as it widens hacking probe

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

AI safety experts said the new disclosures paint a portrait of a group of cutting-edge labs whose ability to develop dangerous autonomous hacking agents outstrips their ability to keep them under control. OpenAI has discovered other instances in which autonomous...
Hackers hit Bitcoin’s safest hiding place in ongoing attack

Hackers hit Bitcoin’s safest hiding place in ongoing attack

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology, Wealth Management/ Philanthropy

Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Hackers have found a software flaw in a brand of “cold” Bitcoin...
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