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Global EV sales grow 50%, China market faces slowdown

Global EV sales grow 50%, China market faces slowdown

by AIP Online Bureau | Sep 1, 2023 | Eco/Invest/Demography, Non-Life, Technology

“Tesla is obviously a big influence, but increasingly Hyundai Kia, Volkswagen, BMW, and Mercedes are moving the needle in premium,” said Soumen Mandal, senior analyst for automotive New Delhi: The global electric vehicle (EV) sales grew 50 per cent (year-on-year) in...
Reliance Capital resolution plan all set to clear its final hurdle today

Reliance Capital resolution plan all set to clear its final hurdle today

by AIP Online Bureau | Sep 1, 2023 | Indian News, Life, Regulation

According to sources, based on this SC order, the NCLT is likely to follow the same path and dismiss Torrent’s plea. Prior to NCLT, Torrent Investment had approached SC and filed a plea seeking to restrain NCLT from considering IIHL’s resolution plan, but in a...
LIC secures 107th position in Fortune Global 500 list

LIC secures 107th position in Fortune Global 500 list

by AIP Online Bureau | Sep 1, 2023 | Indian News, Life, Pension & Social Security

Life Insurance Corporation(LIC) is celebrating its 67th anniversary on Friday. With 13.47 lakh agents, LIC has taken many customer-centric initiatives and digital initiatives besides improving pricing and creating operational efficiencies Mumbai: With total 27.74...

GDP grows at 7.8 pc in Apr-Jun, India remains fastest growing economy

by AIP Online Bureau | Aug 31, 2023 | Eco/Invest/Demography, Indian News, Policy

The expansion in ‘financial, real estate and professional services’ GVA was 12.2 per cent, up from 8.5 per cent in the year-ago quarter New Delhi: India recorded an economic growth rate of 7.8 per cent in the April-June quarter of 2023-24 and remained the fastest...
IRDAI allows modifications in some closed life products

IRDAI allows modifications in some closed life products

by AIP Online Bureau | Aug 31, 2023 | Indian News, Life, Regulation

The move will help the life insurers to provide enhanced flexibility while ensuring that policyholders benefits are not adversely impacted, the life insurers had told the IRDAI Hyderabad: The IRDAI has now allowed the life insurers to modify some of their products...
US judge set to decertify Google Play class action

US judge set to decertify Google Play class action

by AIP Online Bureau | Aug 31, 2023 | International News, Technology

Decision by U.S. District Judge James Donato in San Francisco could significantly reduce damages that Google, a unit of Alphabet, might owe over the distribution of Android mobile applications Consumers claimed they would have paid less for apps and enjoyed expanded...

Burger King must face lawsuit claiming its Whoppers are too small

by AIP Online Bureau | Aug 31, 2023 | International News

U.S. District Judge Roy Altman in Miami said Burger King must defend against a claim that its depiction of Whoppers on in-store menu boards mislead reasonable customers, amounting to a breach of contract A U.S. judge has rejected Burger King’s bid to dismiss a lawsuit...

FBI and European partners seize major malware network in blow to global cybercrime

by AIP Online Bureau | Aug 31, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

“Nearly every sector of the economy has been victimized by Qakbot,” Martin Estrada, the U.S. attorney in Los Angeles, said Tuesday in announcing the takedown. He said the criminal network had facilitated about 40 ransomware attacks alone over 18 months that...
Judge allows age-discrimination lawsuit against Elon Musk’s X to proceed

Judge allows age-discrimination lawsuit against Elon Musk’s X to proceed

by AIP Online Bureau | Aug 31, 2023 | International News, Policy, Workplace/Employee Benefits

Elon Musk  Illston ruled that the federal law banning workplace age bias allows plaintiffs to bring so-called “disparate impact” claims in a class action, an issue that has divided courts. A California federal judge has refused to dismiss a lawsuit accusing X, the...

Yale University settles lawsuit alleging it pressured students with mental health issues to withdraw

by AIP Online Bureau | Aug 31, 2023 | Health, International News

Under the agreement, Yale will modify its policies regarding medical leaves of absence, including streamlining the reinstatement process for students who return to campus. Yale University and a student group announced Friday that they’ve reached a settlement in a...
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