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“If previous government had constructed properly…” Sikkim Chief Minister on hydel dam destroyed in flash floods

“If previous government had constructed properly…” Sikkim Chief Minister on hydel dam destroyed in flash floods

by AIP Online Bureau | Oct 7, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

The Lhonak glacier in the Sikkim Himalayas burst and started to overflow breaching one side of the lake on October 3 leading to the rise in the water levels in Teesta and inundate several areas of the state. The 1200 MW dam Teesta Stage III hydel power project in...

From Ukraine to Taiwan, satellite firms wrangle with geopolitics in space

by AIP Online Bureau | Oct 6, 2023 | International News, Risk Management, Technology

In March, Taiwan reported that two undersea cables to some of its outlying islands appeared to have been cut, although it stopped short of blaming Beijing. Taiwan media reported mounting interest in securing satellite internet connectivity immediately afterwards. Such...

Germany to Send Air Defenses for Kyiv to Guard Grain Routes

by AIP Online Bureau | Oct 6, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

While Kyiv has unilaterally created a temporary corridor for ships in the Black Sea, so far it’s mostly symbolic as mainstream shipping companies are wary of using it. Twelve ships have passed through it in recent weeks, but that’s very few compared with traffic via...
Aviva shares jump 8% as Times cites takeover talk

Aviva shares jump 8% as Times cites takeover talk

by AIP Online Bureau | Oct 6, 2023 | International News, Life, Non-Life

Names of potential bidders mentioned include Germany’s Allianz SE, Denmark’s Tryg AS, and Canada’s Intact Financial Corp, the Times said. LONDON: Shares in Aviva shot up almost 9% on Friday, after Britain’s Times newspaper cited talk of a possible takeover of...

SBI Gen appoints Rakesh Kaul as chief business officer

by AIP Online Bureau | Oct 6, 2023 | Briefs, Non-Life

SBI General Insurance has announced the appointment of Rakesh Kaul as chief business officer. In his new role, he will be responsible for developing and executing business strategies, overseeing sales and distribution efforts, and driving overall company...

Google, Apple stare at over $50 mn fine for in-app billing irregularities

by AIP Online Bureau | Oct 6, 2023 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Technology

The Korea Communications commission has decided to impose a fine of 47.5 billion won on Google and 20.5 billion won on Apple based on the judgment that they violated the country’s revised Telecommunications Business Act by abusing their monopoly power to force...
Himachal govt to bring stringent laws to ensure safety of citizens from natural calamities

Himachal govt to bring stringent laws to ensure safety of citizens from natural calamities

by AIP Online Bureau | Oct 6, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

Sukhvinder Singh Sukhu,Chief Minister,Himachal Pradesh The proposed laws will address issues such as structural engineering permissions, land weight limits, and effective drainage systems and appeal to people to support the government in its initiative Shimla:...
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%

RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%

by AIP Online Bureau | Oct 6, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

Shaktikanta Das,Governor,RBI Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24 As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues...

Pharma majors face disruptions in ops due to Sikkim flash floods

by AIP Online Bureau | Oct 6, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

No major disruption is expected in supply chain as the manufacturing of the products has been diverted to other plants, Mankind Pharma New Delhi: Mankind Pharma Ltd on Thursday said operations at its manufacturing facility in South Sikkim have been disrupted due to...

Novel 3D printing method shows promise for repairing brain injuries

by AIP Online Bureau | Oct 6, 2023 | Facts, Health, Technology

The researchers noted that each year, around 70 million people globally suffer from traumatic brain injury (TBI), with 5 million of these cases being severe or fatal Scientists have developed a new 3D printing technique that they say could provide tailored repairs for...
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