by AIP Online Bureau | Aug 30, 2024 | International News, Non-Life, Reinsurance
The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said. The P&I policy would likely be “several multiples” of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover...
by AIP Online Bureau | Aug 30, 2024 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy, Regulation
“Emerging market and developing economies face substantial financing gaps in low-carbon, climate-resilient investments. We need to step up climate action and crowd in private investment for countries most in need,” said Axel van Trotsenburg, World Bank Senior Managing...
by AIP Online Bureau | Aug 30, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
Prime Minister Narendra Modi Addressing the Global Fintech Fest 2024 in Mumbai, the Prime Minister also asked the regulators to take more measures to stop cyber frauds and further increase digital literacy among people.The Prime Minister also said that in the last 10...
by AIP Online Bureau | Aug 30, 2024 | Indian News, Life, Policy, Regulation
The case is part of broader investigation into over a dozen Indian insurers for alleged evasion of $610 million in unpaid taxes, interest and penalties. The roughly $26 million in fake invoices were used by Aviva incorrectly to claim tax credits and evade $5.2 million...
by AIP Online Bureau | Aug 29, 2024 | Data, Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Gautam Adani Reliance Industries chairman and managing director Ambani’s overall networth increased by 25 per cent to Rs 10.14 lakh crore, as per the 2024 Hurun India Rich List New Delhi: Recouping the dent caused by the Hindenburg Research report, Gautam...
by AIP Online Bureau | Aug 29, 2024 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits
Sumita Dawra,Secretary, Ministry of Labour & Employment Decriminalization of labour laws, increasing female workforce participation, social security, labour welfare that will drive inclusive growth in India,” Sumita Dawra,Secretary for Ministry of Labour...
by AIP Online Bureau | Aug 29, 2024 | Indian News, Intermediaries, Technology
The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent’s sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent New Delhi: Chinese conglomerate...
by AIP Online Bureau | Aug 29, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Policy, Risk Management
In most of African countries , the number of confirmed mpox cases is very low, often in the single digits. However, there could be underreporting in some countries and the emergency declaration highlights the potential for case numbers to rise sharply, bringing the...
by AIP Online Bureau | Aug 29, 2024 | Indian News, Life
(L toR) M P Tangirala, additional secretary, Department of of Financial Services, Siddhartha Mohanty, CEO & MD, LIC, Nirmala Sitharaman, Union Minister of Finance, M Jagannath, MD, LIC LIC also paid interim dividend of Rs. 2441.45 crores on 1st March 2024, thus...
by AIP Online Bureau | Aug 29, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
Shaktikanta Das,Governor,RBI RBI Governor Shaktikanta Das said to build a financial system that serves the broader society, it was essential to give priority to digital financial inclusion. While significant strides have been made in expanding financial inclusion, the...
