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Reliance’s financial unit to list on bourses on Aug 21

Reliance’s financial unit to list on bourses on Aug 21

by AIP Online Bureau | Aug 18, 2023 | Indian News, Life, Non-Life, Wealth Management/ Philanthropy

The company will primarily operates in the NBFC market and credit market segment and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals Mumbai: Jio Financial Services, the demerged financial services unit of...

Demand for electric two wheelers slowing down due to reduced govt subsidy: Report

by AIP Online Bureau | Aug 18, 2023 | Data, Non-Life, Technology

Sales of electric two wheelers also significantly declined in Q1 FY24 due to the government withholding FAME subsidies for certain Original Equipment Manufacturers (OEMs), it said Additionally, the report said that a subsidy reduction to Rs 10,000 per kWh from Rs...
Verification of SIM card dealers mandatory; bulk connections discontinued to curb frauds: Ashwini Vaishnaw

Verification of SIM card dealers mandatory; bulk connections discontinued to curb frauds: Ashwini Vaishnaw

by AIP Online Bureau | Aug 18, 2023 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Union minister Minister of Railways, Communications and Electronics & Information Technology (IT) Ashwini Vaishnaw has clarified that the verification of SIM card dealers will be carried out by “the licensee” or the respective telecom operator and...

Govt tests ’emergency alert system’, sends sample message to several users

by AIP Online Bureau | Aug 18, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

The government is working with the National Disaster Management Authority to improve preparedness for disasters such as earthquakes, tsunamis, and flash floods. Last month, the government tested the same alert with several users in the country New Delhi: The...
Laptop can be quite a potent source of leakage: Goyal on import restriction

Laptop can be quite a potent source of leakage: Goyal on import restriction

by AIP Online Bureau | Aug 18, 2023 | Eco/Invest/Demography, Indian News, Risk Management, Technology

“We are conscious that laptops are our continuous companion. Laptops are being used for all our privileged and confidential information. And they can be quite a potent source of leakage,” Union minister of commerce and industry Piyush Goyal said New Delhi:...
India moving towards universal health care with wellness centres, Jan Arogya scheme, says Mandaviya

India moving towards universal health care with wellness centres, Jan Arogya scheme, says Mandaviya

by AIP Online Bureau | Aug 18, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life

Elaborating on the Indian health system, Union Health Minister Mansukh Mandaviya said India today is supported by a workforce of 1.3 million Allopathic doctors, 8,00,000 AYUSH doctors and 3.4 million nurses, auxiliary nurses and midwives New Delhi: Union Health...

RBI launches centralised web portal ‘UDGAM’ for unclaimed deposits

by AIP Online Bureau | Aug 18, 2023 | Data, Eco/Invest/Demography

The launch of the web portal will aid users to identify their unclaimed deposits/ accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks, the release read. The search facility for remaining banks...

ESG funds continue to see outflow; Rs 520 crore pulled out in June quarter

by AIP Online Bureau | Aug 18, 2023 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Continuing the trend of outflow, the year-to-date 2023 withdrawal was at Rs 1,060 crore as compared to Rs 1,020 crore in the preceding year. This is in contrast to the infusion of Rs 1.83 lakh crore for the year to date in the overall fund market New Delhi:...
Munich Re expands its green solutions in Indian market

Munich Re expands its green solutions in Indian market

by AIP Online Bureau | Aug 17, 2023 | Climate, Environment, Renewable Energy, Indian News, Non-Life, Reinsurance

Ankur Gupta, head of client management, Munich Re India Branch, revealed that the reinsurer, after launching its Solar Photo Voltaic Performance Warranty , has recently unveiled two new products for fast expanding Electric Vehicles(EVs) segments -Extended Warranty...
HDFC International Life & Re launches new global products from GIFT City – IFSC

HDFC International Life & Re launches new global products from GIFT City – IFSC

by AIP Online Bureau | Aug 17, 2023 | Indian News, Life, Regulation

HDFC Life International will offer US Dollar denominated life and health insurance solutions for Non-Resident Indians (NRIs) and the global Indian diaspora HDFC AMC International (IFSC) Limited will offer fund management and advisory solutions and be positioned as...
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