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UCO Bank recovers 79% of wrongly credited amount after technical glitch, reports to CBI

by AIP Online Bureau | Nov 16, 2023 | Banking & Bancassurance, Indian News, Technology

The state-owned bank is yet to clarify whether this technical glitch was due to human error or a hacking attempt New Delhi: UCO Bank on Thursday said the bank has retained or recovered Rs 649 crore or 79 per cent of the amount erroneously credited to some accounts of...
Electronic Health Records can speed up underwriting process by more than seven times: Swiss Re study

Electronic Health Records can speed up underwriting process by more than seven times: Swiss Re study

by AIP Online Bureau | Nov 16, 2023 | Health, International News, Non-Life, Reinsurance, Technology

Swiss Re’s extensive learnings emphasize the significance of digital Electronic Health Records (EHRs) for quicker and more accurate underwriting decisionsEHRs could replace Attending Physician Statements (APS) in nearly 50% of cases that originally relied on APS...

Senior living offers huge growth opportunities as elderly share in total population to double by 2050: Report

by AIP Online Bureau | Nov 16, 2023 | Eco/Invest/Demography, Features

”With current population of over 0.1 billion (10 crore) seniors in India, there is a significant untapped opportunity for investment and development in the senior living sector.” New Delhi: Senior living market offers a huge potential for investment and...
K’taka CM Siddaramaiah writes to Delhi to expedite releasing drought relief funds

K’taka CM Siddaramaiah writes to Delhi to expedite releasing drought relief funds

by AIP Online Bureau | Nov 16, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy

Siddaramaiah,Chief Minister,Karnataka The chief minister pointed out that out of 236 taluks, 223 have been declared drought hit in Karnataka. Among them, 196 are categorised as severely drought affected Bengaluru: Karnataka Chief Minister Siddaramaiah on Wednesday...

Almost half of Indian IT leaders feel security is missing component in their data policy: RUBRIK study

by AIP Online Bureau | Nov 16, 2023 | Data, Eco/Invest/Demography, Risk Management, Technology

As marquee brands continue to reveal the challenges of successful cyber attacks targeting their business data, the report said it has found a ”stark reality”. It says that globally, about one in every two organisations surveyed suffered a loss of sensitive...

Marsh partners with Ukrainian govt and insurers for cost-effective covers for Black Sea grain shipments

by AIP Online Bureau | Nov 16, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Denys Shmyhal, Prime Minister of Ukraine, said: “The launch of the Unity facility will enable Ukraine to provide vital food supplies to the world at the same time as supporting the Ukrainian economy and keeping the Black Sea open for international trade. This...
InGovern alleges regulatory breach in ESOPs to Religare Enterprises chairman, seeks regulatory probe

InGovern alleges regulatory breach in ESOPs to Religare Enterprises chairman, seeks regulatory probe

by AIP Online Bureau | Nov 16, 2023 | Health, Indian News, Regulation

Rashmi Saluja, chairperson, Religare Enterprises Limited Shares of CARE Health Insurance were issued to Rashmi Saluja, executive chairperson, Religare Enterprises Limited(REL), through ESOPs, despite rejection from IRDAI and no approval from the shareholders of REL...
Equity investors become richer by Rs 3.29 lakh cr as markets rally over 1 pc

Equity investors become richer by Rs 3.29 lakh cr as markets rally over 1 pc

by AIP Online Bureau | Nov 15, 2023 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

”This is likely to draw FII flows into emerging markets, which is good for India considering the current better earnings season and the festive demand pick-up. The drop in the CPI for India also improved the mood,” said Vinod Nair, Head of Research at...

Salaries in Southeast Asia to rise in 2024 defying economic slowdown concerns: Aon

by AIP Online Bureau | Nov 15, 2023 | Eco/Invest/Demography, International News

Attrition rates across southeast Asia have dropped in 2023 compared to 2022 yet continue to remain in the double digits a consequence of an ever-changing talent strategy and the ongoing gap between supply and demand of talent Singapore: Aon plc has released its 2023...

Global EV sales stay strong, China hits record despite end of subsidies

by AIP Online Bureau | Nov 14, 2023 | Data, Technology

“What’s notable about October’s figures is that EV demand in China continues to reach record highs even though the subsidies were cut … 2023 is set to be another banner year for China in terms of EV sales,” the market research firm said....
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