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Household real income continued to decline in recent months: Report

Household real income continued to decline in recent months: Report

by AIP Online Bureau | Aug 24, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The report added that for now, however, the decline in real HH income, which accounts for 78 percent of GDP, suggests that any recovery will be gradual at best. This will likely continue to weigh on real GDP growth and present challenges for the banking sector New...
Rising claims pose challenge for health insurance sector in India: Jefferies

Rising claims pose challenge for health insurance sector in India: Jefferies

by AIP Online Bureau | Aug 24, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Reinsurance

The report indicated that India’s non-life insurance sector is experiencing significant shifts, the health insurance segment may face challenges as healthcare costs continue to rise and more consumers claim their insurance, and insurers are grappling with...

ICMR-led study estimates 10-year risk of developing heart disease in adults in India

by AIP Online Bureau | Aug 24, 2024 | Data, Eco/Invest/Demography, Health, Non-Life, Risk Management

Among the participants having high blood sugar levels, women had an 85 per cent increased risk of getting heart conditions over 10 years, while men were at a 77 per cent higher risk, the researchers estimated. They also said that among the participants who were obese,...

FIIs continue to be net seller, sold equity worth Rs 28,671 cr

by AIP Online Bureau | Aug 24, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

In the first fortnight of August, FIIs were big sellers in financials in the country. Selling was witnessed in many other sectors, including metals on fears that economic slowdown in US and China will keep metal prices soft Mumbai: According to the National Securities...
Wayanad landslides instance of nature reacting to human greed: Kerala HC

Wayanad landslides instance of nature reacting to human greed: Kerala HC

by AIP Online Bureau | Aug 24, 2024 | Workplace/Employee Benefits

The bench said the court will take stock of the state’s existing policies in relation to exploitation of natural resources, preservation of the environment, forests and wildlife, prevention, management and mitigation of natural disasters and sustainable...
Cognizant files lawsuit against Infosys over trade secrets; Infy denies allegations

Cognizant files lawsuit against Infosys over trade secrets; Infy denies allegations

by AIP Online Bureau | Aug 24, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Cognizant in a lawsuit filed in Texas federal court has accused Infosys of illegally accessing data from TriZetto’s software — Facets and QNXT — and using the same to develop and market a competing product New Delhi: IT major Cognizant’s...
US Fed Chair Powell says ‘time has come’ for policy adjustment, hints at rate cut

US Fed Chair Powell says ‘time has come’ for policy adjustment, hints at rate cut

by AIP Online Bureau | Aug 24, 2024 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

US Federal Reserve Chair Jerome Powell Speculation has abounded over the possibility of a rate cut at the rate-setting Federal Open Market Committee (FOMC) meeting slated for Sept. 17-18. After last month’s FOMC meeting, Powell said a rate cut could be “on...

Tata AIA Life announces a new term insurance ‘Sampoorna Raksha Promise’

by AIP Online Bureau | Aug 22, 2024 | Briefs, Life

Tata AIA Life Insurance, has announced a new term insurance ‘Sampoorna Raksha Promise’ that comes with innovative features and benefits. Keeping in mind that the family may have to incur urgent expenses on the demise of the key member, it offers instant payout of Rs....

Star Health Insurance contributes Rs 50 lac to Kerala CM’s fund

by AIP Online Bureau | Aug 22, 2024 | Workplace/Employee Benefits

Star Health had made a contribution of Rs 50 lacs to the Kerala Chief Minister’s Relief Fund in support of those affected by the recent landslide in Wayanad. This donation was presented by Anand Roy, managing director and CEO of Star Health Insurance, to the...

Bancassurance: Bajaj Allianz General ties up with HSBC India

by AIP Online Bureau | Aug 22, 2024 | Banking & Bancassurance, Briefs, Non-Life

Bajaj Allianz General Insurance and HSBC India have announced a strategic partnership to offer general insurance products and services to HSBC’s vast customer base in India, “Through this collaboration, we aim to provide comprehensive insurancesolutions to...
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