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Sebi allows LIC 3-yrs from now to comply with 10% minimum public shareholding norms

Sebi allows LIC 3-yrs from now to comply with 10% minimum public shareholding norms

by AIP Online Bureau | May 15, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation

The corporation now has to achieve 10 per cent public shareholding on or before May 16, 2027 Mumbai: The capital market regulator Sebi has allowed Life Insurance Corporation(LIC) three more years from now to comply with its minimum public shareholding (MPS) norms of...

ISRO: Earth Impacted by Intense Solar Storm

by AIP Online Bureau | May 15, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

”This is the biggest geomagnetic storm since 2003 in terms of its strength, as the flaring region on the Sun was as big as the historically important Carrington event that took place in 1859,” ISRO said in a statement. Bengaluru: A powerful solar storm...

The Indian Chest Society unveils special booklet on cough management

by AIP Online Bureau | May 15, 2024 | Facts, Health

With dedicated sections on both dry and wet cough management, considerations regarding red flags, appropriate times for specialist referral, the relevance of fixed-dose combinations (FDCs), and a critical examination of banned FDCs in India, the booklet offers...

Asia’s extreme April heat worsened by climate change, scientists say

by AIP Online Bureau | May 15, 2024 | Disaster & Management, Eco/Invest/Demography, Health, International News, Risk Management, Workplace/Employee Benefits

“Heatwaves have always happened. But the additional heat, driven by emissions from oil, gas and coal, is resulting in death for many people.” In the Philippines, one of the worst-hit countries, authorities issued health warnings, shut down schools and...
Digit raises Rs. 1,176.59 crore from anchor investors

Digit raises Rs. 1,176.59 crore from anchor investors

by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Wealth Management/ Philanthropy

Out of the total allocation of 4,32,57,009 equity shares to the anchor investors, 1,44,96,570 equity shares were allocated to 11 domestic mutual funds through a total of 23 schemes amounting to almost Rs 394.31 crore which is 33.51 per cent of the total anchor book...

Govt entrusts NIA’s financial and administrative powers to both of its EDs

by AIP Online Bureau | May 14, 2024 | Briefs, Non-Life

The government has made some temporary arrangements to manage the day to day functioning of New India Assurance after Neerja Kapur retired as CMD of the company in Apr end. The ministry of finance on Monday has entrusted the financial, administrative powers and...

Aurm Partners with TATA AIG to offer high-end safe vaults with up to Rs 25 lakh insurance coverage

by AIP Online Bureau | May 14, 2024 | Briefs, Non-Life, Technology

Aurm, a Bangalore based firm securing vault services has announced a strategic partnership with TATA AIG General Insurance to provide comprehensive insurance coverage up to Rs 25 lakh to Aurm customers for their entrusted valuables. Aurm partners with banks and real...
SBI Gen unveils first industry-wide policyholder servicing e-platform

SBI Gen unveils first industry-wide policyholder servicing e-platform

by AIP Online Bureau | May 14, 2024 | Indian News, Non-Life, Technology

Kishore Poludasu, MD & CEO, SBI General Insurance This platform allows customers to aggregate their insurance portfolio through an electronic Insurance Account (eIA) and conveniently manage it through a one-stop digital platform-BIMA Central Mumbai: SBI General...
WTW announces market first facility for cargo and war-on-land risks in Ukraine

WTW announces market first facility for cargo and war-on-land risks in Ukraine

by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Sam Warnes, Director Marine Cargo commented, “This facility complements our other cargo war offerings such as our Black Sea Grain facility and $300m facility offering cover in the Red Sea and other high risk war areas.” London: WTW, a leading global advisory, broking...

Advocates cannot be sued under Consumer Protection Act for professional negligence: Supreme Court

by AIP Online Bureau | May 14, 2024 | Indian News, Risk Management

A bench presided over by Justice Bela M Trivedi said that the very purpose and object of the Consumer Protection Act, 2019 was to provide protection to consumers from unfair practices and unethical business practices only, adding that the legislature never intended to...
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