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India’s 100 richest tycoons surpass $1 trillion milestone, spot: Forbes list

India’s 100 richest tycoons surpass $1 trillion milestone, spot: Forbes list

by AIP Online Bureau | Oct 10, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Mukesh Ambani, the chairman and managing director of Reliance Industries Mukesh Ambani, the chairman and managing director of Reliance Industries, has once again claimed the top position on Forbes’ 2024 list of India’s 100 richest tycoons. His wealth increased...

US considers asking court to break up Google as it weighs remedies in the antitrust case

by AIP Online Bureau | Oct 9, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

In court papers filed late Tuesday, government lawyers outlined a series of potential remedies it may pursue, including restrictions on how Google’s artificial intelligence mines other websites to deliver search results, and blocking Google from paying companies like...

Increasing UPI 123Pay, UPI Lite limits to benefit more users

by AIP Online Bureau | Oct 9, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

With new guidelines, the users will soon be able to do low-value UPI transactions of up to Rs 1,000 without entering the PIN. Earlier, the limit was Rs 500. The limit for UPI Lite balance has also been raised to Rs 5,000 from Rs 2,000. UPI Lite is available on Paytm,...

Global emissions likely have peaked as renewables rise

by AIP Online Bureau | Oct 9, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

The cost of deploying solar panels and battery technology is due to drop by 19% by 2030, helping deliver record amounts of low carbon power. Renewables are due to grow to 2.2 times by 2030, well below the tripling set out during the COP28 United Nations Climate Change...

Catastrophe bond investors brace for major losses as Milton rages

by AIP Online Bureau | Oct 9, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Wealth Management/ Philanthropy

Catastrophe bonds, or cat bonds as they’re known in the industry, are issued by insurers and reinsurers to provide financial protection against the most severe natural disasters. Investors who buy the bonds stand to make large gains if a predefined event doesn’t...

Hurricane Milton could cost insurers up to $100 billion, analysts say

by AIP Online Bureau | Oct 9, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The Category 5 hurricane is due to make landfall on the Gulf Coast of Florida late on Wednesday or early Thursday, and is potentially one of the most destructive ever to hit the region, which is still recovering from devastation caused by Hurricane Helene less than...
Google loses final EU court appeal in $2.7 bn antitrust shopping case

Google loses final EU court appeal in $2.7 bn antitrust shopping case

by AIP Online Bureau | Oct 9, 2024 | International News, Regulation, Technology

The European Union’s Court of Justice upheld a lower court’s decision, rejecting the company’s appeal against the 2.4 billion Euro ($ 2.7 billion) penalty from the European Commission, the 27-nation bloc’s top antitrust enforcer Google lost its...
Star Health confirms data breach, Hacker ‘selling 57.5 lakh insurance premium records for $150K

Star Health confirms data breach, Hacker ‘selling 57.5 lakh insurance premium records for $150K

by AIP Online Bureau | Oct 9, 2024 | Health, Indian News, Risk Management, Technology, Workplace/Employee Benefits

“We acknowledge that we were the victim of a targeted malicious cyberattack, resulting in unauthorized and illegal access to certain data. We make it absolutely clear that our operations remain unaffected, and all services continue without disruption,” Star...

Internet subscribers in India reach 969.6 million, average revenue per user grows

by AIP Online Bureau | Oct 9, 2024 | Data, Eco/Invest/Demography, Technology

The number of telephone subscribers in India increased from 1,199.28 million to 1,205.64 million in the April-June quarter, registering a growth of 0.53 per cent over the previous quarter, said TRAI New Delhi: The total number of Internet subscribers in India...
TikTok sued by 13 US states and DC, accused of of harming younger users

TikTok sued by 13 US states and DC, accused of of harming younger users

by AIP Online Bureau | Oct 9, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

TikTok said on Tuesday that it strongly disagreed with the claims, “many of which we believe to be inaccurate and misleading,” and that it was disappointed the states chose to sue “rather than work with us on constructive solutions to industrywide challenges” TikTok...
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