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Parag Agrawal and team win $1.1 mn in legal fees from Musk’s X

Parag Agrawal and team win $1.1 mn in legal fees from Musk’s X

by AIP Online Bureau | Oct 4, 2023 | International News

Parag Agrawal, Former Twitter CEO According to the lawsuit, the trio alleged that Twitter has to pay them more than $1 million for legal fees they incurred while at the company to respond to queries by the Department of Justice and Securities and Exchange Commission...

Panic grips north India as four earthquakes shake Nepal in an hour

by AIP Online Bureau | Oct 4, 2023 | Eco/Invest/Demography, Indian News

Within an hour, more than 70 felt reports related to this earthquake were received from Delhi, Uttarakhand, Uttar Pradesh, Bihar, Himachal Pradesh, Rajasthan and Punjab through the NCS website and mobile app. These reports indicated intensities ranging from I to III...

Flash flood in Sikkim; 23 army personnel missing

by AIP Online Bureau | Oct 4, 2023 | Eco/Invest/Demography, Indian News

The water level increased drastically overnight, affecting the Dam site of the 510 MV NHPC hydroelectric power project near Dikchu village Gangtok: A sudden cloud burst over Lhonak Lake in North Sikkim has resulted in a flash flood in the Teesta River in Lachen valley...
Vivek Wadhwa’s new venture aims to use breath to detect cancer

Vivek Wadhwa’s new venture aims to use breath to detect cancer

by AIP Online Bureau | Oct 4, 2023 | Features, Health

Vivek Wadhwa, entrepreneur Vivek Wadhwa learned that breath may include compounds related to lung cancer, breast cancer and others. “I never thought that there was so much information in breath,” he wrote in an update to a handful of supporters in September. If the...
Amazon used a secret algorithm to raise prices: Report

Amazon used a secret algorithm to raise prices: Report

by AIP Online Bureau | Oct 4, 2023 | International News, Regulation, Technology

“We once again call on Amazon to move swiftly to remove the redactions and allow the American public to see the full scope of what we allege are their illegal monopolistic practices,” an FTC spokesperson was quoted as saying. San Francisco: E-commerce giant Amazon...

BAGIC receives Rs1010 crore GST notice on reinsurance commission and coinsurance deals

by AIP Online Bureau | Oct 3, 2023 | Indian News, Non-Life, Reinsurance

The alleged demand and the impugned show cause cum demand notice pertains to non-payment of GST on the co-insurance premium accepted as follower in case of coinsurance transactions and non-payment of GST on re-insurance commissionaccepted on the reinsurance premium...
LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal

LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal

by AIP Online Bureau | Oct 3, 2023 | Indian News, Life, Policy

For assessment year 2012-13, the tax authority has imposed a penalty of Rs 12.61 crore, for 2018-19 Rs 33.82 crore, while Rs 37.58 crore for assessment year 2019-20, LIC said in a regulatory filing NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said that the...

Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia

by AIP Online Bureau | Oct 3, 2023 | International News, Non-Life, Policy, Reinsurance

The lessor under Japan’s Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot’s insurance related to 16 aircraft and their engines Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a...
Howden unveils a new brand

Howden unveils a new brand

by AIP Online Bureau | Oct 3, 2023 | Intermediaries, Non-Life, Reinsurance

IPG Howden, Asia’s leading high net worth life insurance broker, renamed Howden Private Wealth  London: Howden today unveiled a new brand as it brings together its global broking operations under one name. The rebrand follows Howden’s announcement in April that...

UK launches review of regulators, searching for post-Brexit advantages

by AIP Online Bureau | Oct 2, 2023 | Eco/Invest/Demography, International News, Policy, Regulation

“It’s clear that the regulators that enforce the rules can also sometimes be a blocker to businesses, so our review will seek to root out the bad practices with the aim of making companies’ lives easier and reducing costs for consumers” London:...
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