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India’s Carbon Market: Regulations expected in months

by AIP Online Bureau | Aug 1, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management

“Large Indian corporations are on to this carbon market development in India especially since they have assets in other places around the world and their customers in European markets would be demanding more and more cleaner products.,” Dirk Forrister,...
Cloudburst in Shimla: Malana Hydropower project on Parvati River bursts, 36 missing

Cloudburst in Shimla: Malana Hydropower project on Parvati River bursts, 36 missing

by AIP Online Bureau | Aug 1, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

No loss of life has been reported in the Kullu and Mandi districts so far. Heavy damage to public and private property was reported on Thursday owing to the downpour that triggered a flash flood downstream in the Beas River from Palchan to Patlikuhal in Himachal...
Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary

Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary

by AIP Online Bureau | Jul 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) On the disinvestment of PSU banks, Pandey stated that the Department of Financial Services could provide more details, but he mentioned that it is not being pursued currently...

Women face bias at work: Aon Study

by AIP Online Bureau | Jul 31, 2024 | Data, Eco/Invest/Demography

According to the study, working mothers had their own challenges, with 75 per cent responding that they faced a career setback of one-to-two years after maternity leave and close to 40 per cent said going on maternity leave had a negative impact on their pay and their...
Fed leaves rates unchanged, nods to possible September cut

Fed leaves rates unchanged, nods to possible September cut

by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Wealth Management/ Philanthropy

Fed Chair Jerome Powell While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near an end...

Spain fines Booking.com $448 million for abusing dominant position

by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Booking Holdings intends to appeal the fines as it strongly disagrees with the “outcome of CNMC’s investigation”, a company spokesperson said in an email, adding it considers the issue should be debated under the European Union’s Digital...

Ransomware attack forces hundreds of small Indian banks offline, sources say

by AIP Online Bureau | Jul 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said MUMBAI: A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut...
Centre alerted Kerala govt on July 23, Amit Shah tells RS on Wayanad disaster

Centre alerted Kerala govt on July 23, Amit Shah tells RS on Wayanad disaster

by AIP Online Bureau | Jul 31, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Risk Management

Union Home Minister Amit Shah “Everyone is questioning the government, but I would like to ask what did the Kerala government do. It was a vulnerable situation, but why the people were not shifted to safer places? They were only shifted after the...

Global accounting body wants more rigour in showing climate impacts

by AIP Online Bureau | Jul 31, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

Investors have said they want to know whether assets will retain their value going forward as climate change impairs them, such as through flood damage London: The IASB launched a consultation on Wednesday on proposed guidance for companies to apply the board’s...
Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit

Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit

by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The lawsuit, filed in 2022, was the first major case to be brought under Texas’ 2009 biometric privacy law, according to law firms tracking the litigation. A provision of the law provides damages of up to $25,000 per violation. Texas accused Facebook of capturing...
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