by AIP Online Bureau | Jun 13, 2024 | Banking & Bancassurance, Indian News, Risk Management, Technology
A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla was hearing a petition filed by one Jaiprakash Kulkarni and Pharma Search Ayurveda Private Limited challenging an order passed by the Banking Ombudsman refusing to direct the Bank of Baroda to refund...
by AIP Online Bureau | Jun 13, 2024 | Eco/Invest/Demography
The ruling, issued by Justice V Bhavani Subbaroyan on June 12, 2024, directs the Tamil Nadu government to establish unique norms for transgenders in all educational and employment avenues Chennai: In a landmark decision, the Madras High Court has mandated that...
by AIP Online Bureau | Jun 13, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
IIHL has moved NCLT seeking a 90-day extension beyond the deadline to implement the resolution plan for acquiring Reliance Capital for a consideration of Rs 9,850 crore Mumbai: National Company Law Tribunal (NCLT) will hear the plea of Hinduja Group firm IndusInd...
by AIP Online Bureau | Jun 13, 2024 | Eco/Invest/Demography, International News, Policy, Risk Management
Jerome Powell, US Fed Chair “We are maintaining our restrictive stance of monetary policy in order to keep demand in line with supply and reduce inflationary pressures. I will have more to say about monetary policy after briefly reviewing economic...
by AIP Online Bureau | Jun 13, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management
The Indian life sector has been marred with tax-rate changes (on high-ticket non-par policies) in the budget last year (2023). Investments in smaller tickets, growth in interiors, higher payouts and the ULIP wave (over non-par) have kept margins muted. In this...
by AIP Online Bureau | Jun 12, 2024 | Indian News, Life, Regulation
We note that the final guidelines are somewhat more favorable than the earlier draft. Based on our preliminary calculations, surrender income could decrease by approximately 55-70%. It’s too early to quantify the impact on the Value of New Business (VNB) margin,...
by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Indian News, Risk Management
“The monsoon has slowed down after reaching Maharashtra and may take a week to regain momentum,” an official of the India Meteorological Department (IMD) told Reuters New Delhi: India’s monsoon rains have lost momentum after covering western regions...
by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman, Union Finance Minister She also stated that the reforms undertaken since 2014 will continue, which will further provide macroeconomic stability and growth for India. She also highlighted India’s commendable growth story in recent years amidst...
by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
As soon as temperatures breached 43.6C in Ahmedabad, Makwana and thousands of other women were told that ICICI Lombard, an insurance company, would pay them a portion of their daily wages. The Self-Employed Women’s Association labour union runs the insurance...
by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Health, Indian News
While the H9N2 virus typically tends to cause mild illness, the United Nations agency said that further sporadic human cases could occur as this virus is one of the most prevalent avian influenza viruses circulating in poultry in different regions New Delhi: The World...
