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In Singapore, a certificate to own a car now costs $106,000

by AIP Online Bureau | Oct 5, 2023 | Data, Eco/Invest/Demography, Policy

Singapore has a 10-year “certificate of entitlement” (COE) system, introduced in 1990, to control the number of vehicles in the small country, which is home to 5.9 million people and can be driven across in less than an hour To own a car in Singapore, a...

After NCLT snub, Torrent Investment once again knocks SC’s doors

by AIP Online Bureau | Oct 4, 2023 | Banking & Bancassurance, Breaking News!, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

In a fresh Letter of Urgency, Torrent Investment has stated that during the pendency of its appeals before the SC, the Committee of Creditors (COC) of Reliance Capital have not only conducted the second round of auction, but approved the resolution plan of IIHL and...

Nepal quake triggered Sikkim disaster? Scientists to find out

by AIP Online Bureau | Oct 4, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Workplace/Employee Benefits

“Earthquake that hit Nepal might be a cause of flash floods in Sikkim. The lake was already vulnerable and was spread across 168 hectares. Its area has now reduced 60 hectares, so about 100 hectares of volume of water has breached the level,” a senior official at the...
Aon to acquire Prabodh Thakker’s Global Insurance Brokers

Aon to acquire Prabodh Thakker’s Global Insurance Brokers

by AIP Online Bureau | Oct 4, 2023 | Indian News, Intermediaries, Non-Life, Reinsurance, Risk Management

The combined capabilities of Global Insurance Brokers and Aon will allow us to better serve our clients across India in new geographies and industries. This acquisition will reinforce our commitment to helping our clients navigate volatility and make better decisions...
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...
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