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Asia’s richest person re-joins $100 billion club as stock surges

Asia’s richest person re-joins $100 billion club as stock surges

by AIP Online Bureau | Jan 12, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Mukesh Ambani, chairman, Reliance Industries Ambani, Reliance’s chairman, owns 42% of the company, which has businesses in the energy, telecommunications and retail sectors, among others. Its shares have climbed 22% from a low in October after the firm reported a jump...
Max Life ventures into the United Arab Emirates

Max Life ventures into the United Arab Emirates

by AIP Online Bureau | Jan 12, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation

Prashant Tripathy, CEO and Managing Director, Max Life said “ With our presence in Dubai, we are not only extending our reach to the Gulf region and enhancing our brand awareness, but also bridging the geographical gap to ensure that our NRI customers experience a...
Higher shipping freight rates to offset costs of re-routing from Suez:Fitch

Higher shipping freight rates to offset costs of re-routing from Suez:Fitch

by AIP Online Bureau | Jan 12, 2024 | International News, Non-Life, Reinsurance, Risk Management

The Red Sea disruptions amplify the impact on global trade from the Panama Canal congestion, caused by drought conditions that have almost halved the number of vessels using the waterway. Bulkers carrying agricultural commodities and tankers are most affected by the...

London mayor says Brexit has cost UK over $178 billion so far

by AIP Online Bureau | Jan 12, 2024 | Eco/Invest/Demography, International News, Policy, Reinsurance

Britain’s National Institute of Economic and Social Research (NIESR) estimated in November that Brexit had reduced the size of the economy by 2%-3%, with the impact expected to rise to 5%-6% by 2035 LONDON: Britain’s departure from the European Union has...

Govt cracking down on firms making false eco-friendly claims on products

by AIP Online Bureau | Jan 12, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

All environmental claims shall be backed by verifiable evidence, and while making disclosures in relation to environmental claims, data from research shall not be cherry picked to highlight only favourable observations while obscuring others that are unfavourable New...

Citizens advised not to dial *401# followed by unknown mobile number on receiving malicious calls

by AIP Online Bureau | Jan 11, 2024 | Eco/Invest/Demography, Indian News

Falling into the trap of cyber frauds may activate unconditional call forwarding received on mobile of the citizen to an unknown mobile number. This allows fraudsters to receive all incoming calls and can be used for fraud New Delhi: The Department of...
LIC receives Income Tax demand order of Rs 3,528 crore

LIC receives Income Tax demand order of Rs 3,528 crore

by AIP Online Bureau | Jan 11, 2024 | Indian News, Life

Corporation shall file an appeal before Commissioner (Appeals), Mumbai against the said orders within the prescribed timelines. There is no material impact on financials, operations or other activities of the Corporation due to the abovementioned orders,” the...
IMF says global economy to stay ‘resilient’ in 2024 but grow too slowly

IMF says global economy to stay ‘resilient’ in 2024 but grow too slowly

by AIP Online Bureau | Jan 11, 2024 | Eco/Invest/Demography, International News, Policy

IMF spokesperson Julie Kozack told a news briefing that the global economy appeared headed for a “soft landing” with inflation subsiding and labor markets resilient, but low-income countries could still fall further behind. Washington: Global economic...
Budget session of Parliament likely between January 31 and February 9

Budget session of Parliament likely between January 31 and February 9

by AIP Online Bureau | Jan 11, 2024 | Eco/Invest/Demography, Indian News, Policy

The government would present a vote-on-account or an ‘interim budget’ on February 1. The new government will present a full-fledged budget later. New Delhi: A brief Budget session of Parliament is likely to be held between January 31 and February 9,...

923 cases of Covid sub-variant JN.1 reported from 15 states INSACOG

by AIP Online Bureau | Jan 11, 2024 | Data, Eco/Invest/Demography, Health

Data compiled by the Indian SARS-CoV-2 Genomics Consortium (INSACOG) showed Karnataka has reported the highest number of cases at 214, followed by Maharashtra (170), Kerala (154), Andhra Pradesh (105), Gujarat (76) and Goa (66). New Delhi: COVID-19 sub-variant JN.1...
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