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Bajaj Allianz Life, Satin Creditcare and Coverfox collaborate to boost rural financial inclusion

by AIP Online Bureau | Feb 19, 2024 | Briefs, Eco/Invest/Demography, Intermediaries, Life

Bajaj Allianz Life, and Satin Creditcare Network , a non-banking finance company – Micro Finance Institution (NBFC – MFI), announced their strategic partnership with insurance broker Coverfox, to improve financial inclusion in rural India. Now customers of...
No Aadhaar number has been cancelled, says UIDAI

No Aadhaar number has been cancelled, says UIDAI

by AIP Online Bureau | Feb 19, 2024 | Eco/Invest/Demography, Policy, Risk Management, Technology

“In the course of activities undertaken to keep the Aadhaar database updated, intimations are issued from time to time to Aadhaar number holders. In this connection, it is clarified that no Aadhaar number has been cancelled,” UIDAI said New Delhi: Unique...

New York City sues social media platforms over youth mental health crisis

by AIP Online Bureau | Feb 19, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Social media companies face mounting legal risks from claims that they use algorithms to get teenagers and adolescents addicted to their platforms. Meta was sued by the attorneys general of more than 30 states over similar claims in October. A month later, a judge in...
EU opens formal investigation into TikTok over possible online content breaches

EU opens formal investigation into TikTok over possible online content breaches

by AIP Online Bureau | Feb 19, 2024 | International News, Policy, Regulation, Simple, Technology

The European Union’s Digital Services Act (DSA), which applies to all online platforms since Feb. 17, requires in particular very large online platforms and search engines to do more to tackle illegal online content and risks to public security The European...
Crackdown on deepfakes: MCA, Meta partner to curb AI-generated misinformation with WhatsApp helpline

Crackdown on deepfakes: MCA, Meta partner to curb AI-generated misinformation with WhatsApp helpline

by AIP Online Bureau | Feb 19, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

People will be able to flag deepfakes by sending it to the WhatsApp chatbot which will offer multilingual support in English and three regional languages (Hindi, Tamil, Telugu) New Delhi: The Misinformation Combat Alliance (MCA) and Meta have announced that a...
NITI Aayog pitches for tax reforms, mandatory saving plan, housing plan for elderly

NITI Aayog pitches for tax reforms, mandatory saving plan, housing plan for elderly

by AIP Online Bureau | Feb 19, 2024 | Eco/Invest/Demography, Health, Indian News, Pension & Social Security, Policy

More than 75 per cent of elderly people in India suffer from chronic diseases and these figures indicate the potential of the home-based care market in India. As per the report, the size of the home healthcare market in India was estimated at USD 6.2 billion (Rs 50,...
Mcap of BSE-listed firms hits new peak at Rs 3.91 lakh cr; investors add Rs 2.20 lakh cr

Mcap of BSE-listed firms hits new peak at Rs 3.91 lakh cr; investors add Rs 2.20 lakh cr

by AIP Online Bureau | Feb 19, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

”The fact that the crucial Buffet Ratio (market cap to GDP) is signalling very high valuation at above 120 per cent is a matter of concern. But this is unlikely to halt the bull run in the near-term since flows into the market from domestic individual investors...

Deepfakes surge ahead of general elections in S. Korea

by AIP Online Bureau | Feb 19, 2024 | Eco/Invest/Demography, International News, Technology

As AI technology continues to evolve and proliferate, experts warn of the growing sophistication and speed of deepfake production, outpacing traditional verification processes employed by election authorities. It is hard for the authorities to combat deepfake...

Star Health gets GST notice of Rs 170 cr on reinsurance deals

by AIP Online Bureau | Feb 18, 2024 | Briefs, Non-Life, Regulation, Reinsurance

Star Health and Allied Insurance Company said that it has received a tax demand order for Rs 170 crore, along with a penalty of Rs 8.7 crore on non-payment of GST liability on the re-insurance commission received by the company during the period April 2018 to March...

FPIs cautious on equities; take out Rs 3,776 cr in Feb so far on spike in US bond yields

by AIP Online Bureau | Feb 18, 2024 | Data, Eco/Invest/Demography, Policy, Risk Management

Also, the latest selling could be attributed to the uncertainty surrounding the interest rate environment, both domestically as well as globally, Himanshu Srivastava, Associate Director Manager Research, Morningstar Investment Research India, said New Delhi: Foreign...
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