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Sebi detects accounting frauds in IPOs of cos

Sebi detects accounting frauds in IPOs of cos

by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

The findings underscore the vulnerability of millions of traders to the risks of price manipulation in this segment due to fewer compliance requirements. They also highlight the limitation of regulatory warnings aimed at curbing enthusiasm for tiny IPOs in India,...
SC to revisit its order making PUC certificate mandatory for Motor TP cover

SC to revisit its order making PUC certificate mandatory for Motor TP cover

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

“Prima facie, we are of the view that a right balance will have to be struck for ensuring that vehicles remain compliant with PUC norms but, at the same time, all vehicles must have third party insurance,” the bench said New Delhi: The Supreme Court on Monday said...

Catastrophe models underestimate climate risks, find out investors

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

Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new breed of risk stemming from high-frequency events such as wildfires and thunderstorms,...
Russia certifier steps in after India drops safety cover for sanctioned ships

Russia certifier steps in after India drops safety cover for sanctioned ships

by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation

Major insurers and ship engine makers have already withdrawn cover for Russia’s tanker fleet, which Moscow is relying on to maintain the country’s oil trade after Washington and its allies including the European Union imposed a raft of sanctions for its invasion of...

South Africa’s Ramaphosa to sign health insurance bill into law just before electio

by AIP Online Bureau | May 13, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Policy

The law aims to provide healthcare to millions of poor citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule. Johannesburg: South Africa’s President Cyril...
Mumbai hoarding collapse: 8 dead, 64 injured, Case of culpable homicide to be lodged

Mumbai hoarding collapse: 8 dead, 64 injured, Case of culpable homicide to be lodged

by AIP Online Bureau | May 13, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“There will be an investigation regarding what kind of permission they have for this hoarding, whether they had this permission or not. The CM has directed that a proper audit of all the hoardings in Mumbai be done by the BMC to mitigate such incidents in the...
TATA AIG General launches India’s first satellite in-orbit 3rd-party liability policy

TATA AIG General launches India’s first satellite in-orbit 3rd-party liability policy

by AIP Online Bureau | May 13, 2024 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

The Indian space industry is experiencing phenomenal growth, with a projected market size reaching into the tens of billions. With the privatisation of space launches, India targets a five-fold increase in its global launch market share, projected to reach $47.3...
Forest fires in Uttarakhand threaten rare Himalayan fauna say experts

Forest fires in Uttarakhand threaten rare Himalayan fauna say experts

by AIP Online Bureau | May 13, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

“We have several rare species of birds whose breeding season coincides with the forest fire season, from April to June. Frequent and uncontrolled forest fires are gradually making these species highly endangered in Uttarakhand forests,” Sanjeev Chaturvedi,...

Zoox, Amazon’s self-driving robotaxi unit, being probed by US after rear-end collisions

by AIP Online Bureau | May 13, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

Both crashes happened during the daytime hours and the motorcyclists suffered minor injuries. In both cases, the agency confirmed that each of the Amazon vehicles was operating in autonomous mode leading up to the crashes Detroit: Zoox, Amazon’s self-driving...

EU says Booking must comply with strict tech rules, investigates X

by AIP Online Bureau | May 13, 2024 | International News, Policy, Regulation, Risk Management, Technology

The Commission said in March that Elon Musk’s X, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers Paris:The European Commission on Monday said it had designated Booking as a so-called...
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