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India’s approach to sustainable development shines brightly: Hardeep S Puri

India’s approach to sustainable development shines brightly: Hardeep S Puri

by AIP Online Bureau | Feb 24, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Technology

Hardeep Singh Puri, Minister of Petroleum & Natural Gas and Housing & Urban Affairs, said that the reputations of businesses are now linked to their public commitment to the SDGs, both for investors as well as for consumers. Not just consumers, even investors...

US imposes sanctions on Russia’s leading tanker group Sovcomflot – Treasury Dept website

by AIP Online Bureau | Feb 24, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The Treasury Department also sanctioned 14 crude oil tankers identified as being linked to the company, Treasury said in a statement. The company had already been sanctioned by Australia, Canada, New Zealand and the UK, and faced European Union restrictions. The US...
Zurich Insurance to buy 70% stake in Kotak General insurance upfront in amended deal

Zurich Insurance to buy 70% stake in Kotak General insurance upfront in amended deal

by AIP Online Bureau | Feb 23, 2024 | Eco/Invest/Demography, Indian News, Non-Life

Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for Rs 40.51 billion and an additional 19% holding within three years of the first purchase Bengaluru/Mumbai: Zurich Insurance Group will buy a 70% stake in Kotak...
IRDAI retains Obligatory Cession to GIC Re at 4% for FY25

IRDAI retains Obligatory Cession to GIC Re at 4% for FY25

by AIP Online Bureau | Feb 23, 2024 | Indian News, Non-Life, Regulation, Reinsurance

The IRDAI, after consultation with the Advisory Committee, and with the previous approval of the Central Government has taken the decision that the percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC...
A decade after MH370 disappeared, safety measures stall

A decade after MH370 disappeared, safety measures stall

by AIP Online Bureau | Feb 23, 2024 | International News, Risk Management, Technology

With satellites covering almost every inch of the planet, experts want all commercial flights to transmit their position and other key data almost constantly over a tamper-proof system. It shouldn’t matter whether the aircraft’s in trouble or not “Good Night....
Indian Fintech: Fast, Furious — and Fraudulent?

Indian Fintech: Fast, Furious — and Fraudulent?

by AIP Online Bureau | Feb 22, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management, Technology

Media reports suggest that more non-bank intermediaries after Paytm Payments Bank may expect a rap on the knuckles. Just what has made the Reserve Bank of India so cranky all of a sudden? Andy MukherjeeFirst, Paytm was asked to freeze its banking business, a crackdown...
Slumping EV prices force carmakers to repay leasing firms

Slumping EV prices force carmakers to repay leasing firms

by AIP Online Bureau | Feb 22, 2024 | Eco/Invest/Demography, International News, Technology

Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back vehicles, to protect against further erosion in the $1.2 trillion second-hand car market Carmakers have begun compensating leasing companies for the...

Number of stocks with over $1 bn M-cap nearly doubled to 500 since 2019

by AIP Online Bureau | Feb 22, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“The Indian equity markets are the only ones across the major emerging market (EM) economies which have consistently given more than 10 per cent annualised returns over the last 5-year/10-year/15-year/20-year periods. New Delhi: The market depth in India has...
Centre issues stern warning against surrogate ads seen as harming consumers

Centre issues stern warning against surrogate ads seen as harming consumers

by AIP Online Bureau | Feb 22, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation

“We are committed to working collaboratively with all stakeholders as we navigate through this evolving issue. The Department of Consumer Affairs reaffirmed its stance with utmost clarity that any continued involvement in surrogate advertising will not be condoned. It...

SBI Life Insurance launches 24×7 Helpline for NRIs

by AIP Online Bureau | Feb 22, 2024 | Briefs, Life

SBI Life Insurance launched an exclusive 24×7 Inbound Helpline for Non-Resident Indians (NRIs) to provide global accessibility of after sale services. Customers residing anywhere outside India can leverage this premium service* by dialing the dedicated helpline...
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