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Global fintech industry sees robust 14 pc revenue growth, India shows the way

by AIP Online Bureau | Jun 26, 2024 | Data, Eco/Invest/Demography, Policy, Risk Management, Technology

“Profitability and compliance are now the cornerstones of fintech success,” said Deepak Goyal, BCG managing director and senior partner and co-author of the report New Delhi: Despite significant shifts in funding and valuations, the global fintech industry saw a...

Mutual funds gave over 17 per cent average returns in first half of 2024

by AIP Online Bureau | Jun 26, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

In terms of returns, top mutual funds schemes were from the Midcap and smallcap categories Mumbai: Indian equity markets gave stellar returns in the first six months of 2024. The Sensex was up nearly 8 per cent and Nifty was up nearly 9 per cent so far this year. The...

Sensex, Nifty close at record high, media and energy stocks shine

by AIP Online Bureau | Jun 26, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Among the sectoral indices, media, energy, PSU bank, fin services and pharma were major gainers Mumbai: Indian equity indices closed at a record high on Wednesday following a rally in media and energy stocks. During the market hours, the Sensex and Nifty registered a...

14 people killed in landslides, floods and lightning incidents in Nepal

by AIP Online Bureau | Jun 26, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Reinsurance, Risk Management

“We recorded a total of 44 incidents on June 26, 2024. In those incidents 14 people have lost their lives, 8 are due to landslide, 5 due to lightning and 1 in flooding. 2 people are still unaccounted for in the incident of landslide while 10 people have...

Finland plans to offer preemptive bird flu vaccination to some workers with exposure to animals

by AIP Online Bureau | Jun 26, 2024 | Eco/Invest/Demography, Health, International News, Risk Management

The H5N1 strain of bird flu has killed or caused the culling of hundreds of millions of poultry globally in recent years and has increasingly been spreading to mammals, including cows in the United States and, in some cases, also to humans Finland plans to offer...

TATA AIG General Insurance issues largest-ever Rs 100 crore of Performance Surety Bond

by AIP Online Bureau | Jun 25, 2024 | Indian News, Non-Life, Reinsurance, Risk Management

Deepak Kumar, senior executive vice president & head – Reinsurance, Credit & Aviation Insurance at TATA AIG General Insurance, stated, “Through this issuance, we are standing by our client to fulfil their contractual obligations throughout the...

Ageas Federal Life declares highest-ever total bonus of Rs 134 crore in FY24

by AIP Online Bureau | Jun 25, 2024 | Briefs, Life

Ageas Federal Life Insurance has announced its highest-ever total bonus of Rs 134.44 crore during the annual valuations for the fiscal year 2023-24. This significant milestone marks the 10th consecutive year of bonus declarations by the company, reflecting a notable...
Growing water stress can negatively impact India’s sovereign credit strength: Moody’s

Growing water stress can negatively impact India’s sovereign credit strength: Moody’s

by AIP Online Bureau | Jun 25, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management

India’s average annual water availability per capita is likely to drop to 1,367 cubic meters by 2031 from an already-low 1,486 cubic meters in 2021, according to the Ministry of Water Resources MUMBAI/BENGALURU: India’s worsening water shortage, triggered...

80% of Indian marginal farmers suffered crop losses due to adverse climatic events

by AIP Online Bureau | Jun 25, 2024 | Data, Eco/Invest/Demography, Non-Life, Policy, Reinsurance, Risk Management

The findings reveal that the primary causes of crop damage were drought (41 per cent), irregular rainfall including excessive or non-seasonal rains (32 per cent), and early withdrawal or late arrival of the monsoons (24 per cent).Although 83 per cent of them are...
Zurich to increase headcount by 40 % in India

Zurich to increase headcount by 40 % in India

by AIP Online Bureau | Jun 25, 2024 | Indian News, Non-Life, Reinsurance, Technology

Tulsi Naidu, chief executive officer for Asia Pacific There are opportunities to grow in commercial, small and medium enterprise, assurance, auto and general insurance, Naidu said, noting the business has already recorded growth of 40% “over the past few years.”...
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