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Govt shortlists 5 GMs for selecting CMDs of New India and United India

Govt shortlists 5 GMs for selecting CMDs of New India and United India

by AIP Online Bureau | Jan 2, 2024 | Indian News, Non-Life, Policy

The five GMs are –BS Rahul, Agriculture Insurance Company(AIC),  Sunita Gupta, Oriental insurance Company(OIC), Hitesh Joshi along with two of his other colleagues V Balkrishna and his spouse Jayshree Bala from GIC Re Rahul will only be considered for UII and NIA...
Japan Airlines plane on fire at Tokyo’s Haneda airport,all 379 passengers, crew escape

Japan Airlines plane on fire at Tokyo’s Haneda airport,all 379 passengers, crew escape

by AIP Online Bureau | Jan 2, 2024 | International News, Non-Life, Reinsurance

All the 367 passengers plus eight toddlers and 12 crew on board the Airbus SE A350-900 plane were safely evacuated, an airline spokesperson said by telephone. Flight JL516, operated by a 2 year old Airbus A350-900 jet, took off from New Chitose airport near Sapporo at...
Gold expected to move much higher in 2024

Gold expected to move much higher in 2024

by AIP Online Bureau | Jan 2, 2024 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

“We expect an eventual rise to USD 2,400 in 2024, and if the rupee is to be stable, gold is likely to reach around Rs 70,000 levels. As India faces elections, the rupee could weaken as Foreign Institutional Investors (FIIs) are expected to lighten up their...

Social media firms gained USD 11 billion in ads from under-18 users’ engagement in 2022, finds study

by AIP Online Bureau | Jan 2, 2024 | Data, Eco/Invest/Demography, Risk Management

The researchers said that while these social media giants may claim to be able to self-regulate their practices in reducing harm to young people, they are yet to do so. Social media giants like Instagram, X (formerly Twitter) and Snapchat collectively gained nearly...

196 JN.1 corona variant cases detected in India so far, Kerala tops with 83

by AIP Online Bureau | Jan 1, 2024 | Data, Eco/Invest/Demography, Health

Ten states and Union territories have so far detected the presence of the JN.1 sub-variant of the virus New Delhi: A total of 196 cases of COVID-19 sub-variant JN.1 have been detected in the country so far, with Odisha joining the list of states that have detected the...

Bengal govt fears flash-floods in Sikkim changed Teesta River’s trajectory in north Bengal

by AIP Online Bureau | Jan 1, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Risk Management

Apprehending that this frequent change in trajectory might impact the economic structure of the hills and plains of north Bengal to a great extent in the coming days, the irrigation department has decided to conduct a thorough “morphology survey” of the river Kolkata:...
LIC receives GST notice for Rs 806 crore

LIC receives GST notice for Rs 806 crore

by AIP Online Bureau | Jan 1, 2024 | Eco/Invest/Demography, Indian News, Life, Policy, Regulation

LIC will file an appeal before the Commissioner (Appeals), Mumbai, against the said order within the prescribed timeline. The total includes GST worth Rs 365.02 crore, penalty of Rs 404.7 crore and interest of Rs 36.5 crore New Delhi: The Life Insurance Corporation of...

US family credits Apple’s AirTag that tracked down stolen luggage, thief

by AIP Online Bureau | Jan 1, 2024 | Facts, Risk Management, Technology

Earlier this year, AirTag helped a passenger to track his lost wallet, even after American Airlines could not find it. The passenger shared the incident on X, mentioning that after realising that he lost his wallet, he contacted American Airlines and they said that...

FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec

by AIP Online Bureau | Jan 1, 2024 | Data, Eco/Invest/Demography, Policy, Regulation, Wealth Management/ Philanthropy

The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay –...

Cell, gene therapy to rule pharma sector in 2024: Report

by AIP Online Bureau | Jan 1, 2024 | Eco/Invest/Demography, Features, Health

“Cell and gene therapies are gradually becoming more important focus areas within the healthcare industry and their full potential is still unrealised. While this is a relatively new area, with the first autologous dendritic cell therapy Provenge approved in...
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