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Unmarried, widowed daughter entitled to deceased father’s estate not divorced daughter: HC

by AIP Online Bureau | Sep 14, 2023 | Indian News, Wealth Management/ Philanthropy

“An unmarried or widowed daughter is recognized to have a claim in the estate of the deceased, but a ‘divorced daughter’ does not feature in the category of dependents entitled to maintenance,” a bench of Justices Suresh Kumar Kait and Neena...
Govt not planning to levy any tax on diesel vehicles: Nitin Gadkari

Govt not planning to levy any tax on diesel vehicles: Nitin Gadkari

by AIP Online Bureau | Sep 14, 2023 | Eco/Invest/Demography, Health, Indian News

Nitin Gadkari ,union minister, Ministry of road, transport and highway “I am not against diesel fuel and neither we are going to levy any tax on diesel vehicles,” Gadkari told CNBC-TV18. On September 12, speaking at the annual convention of automobile...
RBI says 15 large NBFCs to comply with enhanced regulatory requirements

RBI says 15 large NBFCs to comply with enhanced regulatory requirements

by AIP Online Bureau | Sep 14, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management

Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company Mumbai: Reserve Bank of India on Thursday said 15 large NBFCs,...

Small aircraft skids off runway at Mumbai airport amid heavy rains; 8 people injured

by AIP Online Bureau | Sep 14, 2023 | Indian News, Non-Life

The passengers on the Vizag-Mumbai flight included Dhruv Kotak, Lars Sorensen, K.K. Krishnadas, Aakarsh Shethi, Arul Sali, and Kamakshi Mumbai: A private jet veered off the runway while landing at the Mumbai airport on Thursday amid heavy rains and all the eight...
AI regulations: Key considerations to ensure customer protection without compromising innovation

AI regulations: Key considerations to ensure customer protection without compromising innovation

by AIP Online Bureau | Sep 14, 2023 | Articles, Policy, Regulation, Risk Management, Technology

Despite the benefits AI offers to both customers and insurers, however, there are concerns around privacy and the risk of potential discrimination, as well as the lag between the pace of development of AI technologies and corresponding regulatory frameworks, cautioned...
LIC presents dividend cheque of Rs 1,831 cr to FM

LIC presents dividend cheque of Rs 1,831 cr to FM

by AIP Online Bureau | Sep 14, 2023 | Indian News, Life

(L to R) M P Tangirala, additional secretary, Dept of Financial Services, Nirmala Sitharaman, Union Finance Minister, Siddhartha Mohanty, chairman, LIC, M Jagannath,MD, LIC The corporation had a total premium income of Rs 4,74,005 crore and a net profit of Rs...

China sentences former head of its largest life insurer to death with a 2-yr reprieve

by AIP Online Bureau | Sep 13, 2023 | International News, Life, Regulation

Wang Bin, ex-chairman of China Life Insurance Co., was found to have taken bribes worth 325 million yuan ($45 million) and hiding overseas deposits, China Central Television reported Tuesday, citing a court ruling Beijing: China sentenced the former head of the...

Aviva quits Singaore life JV, Sells stake to Sumitomo Life for $997 million

by AIP Online Bureau | Sep 13, 2023 | Health, International News, Life

Aviva Chief Executive Amanda Blanc said the transaction further simplifies the business and puts the company in a very strong position to build on its trading momentum in the UK, Ireland and Canada London: Aviva is quitting its Singlife joint venture, selling its...

Global companies to hike security spending as threats rise, survey shows

by AIP Online Bureau | Sep 13, 2023 | Eco/Invest/Demography, International News, Risk Management

Allied Chief Executive Steve Jones told Reuters that while much of the fraud, counterfeiting and loss of intellectual property was driven by financial gain, some internal leaking of sensitive information was motivated by social causes LONDON: Almost half of security...

AI introduces tool in rostering system to help mitigate fatigue among pilots

by AIP Online Bureau | Sep 13, 2023 | Data, Health

“IndiGo has also partnered with the Thales Group as an ‘early adopter’ of their Fatigue Analysis Tool (FAT). The airline will conduct a proof-of-concept trial for its technology-driven interface to assess pilot alertness levels over the next few...
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