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Can’t interfere in employment agreement between pilots Akasa Air DGCA to HC

Can’t interfere in employment agreement between pilots Akasa Air DGCA to HC

by AIP Online Bureau | Sep 25, 2023 | Indian News, Regulation, Workplace/Employee Benefits

The civil aviation regulator filed its written submissions in response to a plea by the fledgling airline which has said it was in a state of crisis following the sudden and abrupt resignation of 43 pilots, who left the airline without serving the mandatory notice...

Ambulance service provider DIAL4242 closes USD 10 mn seed funding round

by AIP Online Bureau | Sep 25, 2023 | Health, Indian News

”Investing in DIAL4242 isn’t merely a strategic decision…This investment transcends financial objectives; it’s about actively contributing to lifesaving solutions and fostering greater healthcare accessibility,” said Raju, who is the Managing...
India’s economic growth threatened as household savings hit 16-year low

India’s economic growth threatened as household savings hit 16-year low

by AIP Online Bureau | Sep 25, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

“The household sector is consuming by borrowing more,” said Rupa Rege Nitsure economist with L&T Finance Holdings Ltd. This happens when income level stays stagnant but inflation creeps up. The recovery is not broad-based — while a section splurges on luxury...
“Our aim is profitability. We aspire to be among the top performing global reinsurers”

“Our aim is profitability. We aspire to be among the top performing global reinsurers”

by AIP Online Bureau | Sep 25, 2023 | Intermediaries, Interviews, Non-Life, Reinsurance, Technology

In an exclusive interview with Asia Insurance Post, on the occasion of Rendezvous September, Monte Carlo, Devesh Srivastava, CMD, GIC Re highlights major achievements during his 4-year tenure as the head of the third largest Asian reinsurer. The period of...

National Health Authority to host 2-day Arogya Manthan event in Delhi

by AIP Online Bureau | Sep 25, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

Ayushman Bharat PM-JAY, launched on 23rd September 2018, has scripted a saga of health, productivity and prosperity. With 5.5 crore free hospitalizations worth Rs. 69,000 crore, the scheme has not only ensured good health for crores of poor and downtrodden families...

80 per cent cybercrimes from 10 Indian districts: Study

by AIP Online Bureau | Sep 25, 2023 | Data, Risk Management, Technology

The findings have been mentioned by the Future Crime Research Foundation (FCRF), a non-profit start-up incubated at the Indian Institute of Technology (IIT)-Kanpur, in its latest comprehensive white paper named ‘A Deep Dive into Cybercrime Trends Impacting...
Affordable, accessible healthcare road map for ‘healthy India’, says Jitendra Singh

Affordable, accessible healthcare road map for ‘healthy India’, says Jitendra Singh

by AIP Online Bureau | Sep 25, 2023 | Eco/Invest/Demography, Health, Indian News

“With increasing lifespan, changing lifestyles and environmental factors, the prevalence of cancer is assuming epidemic proportions and cancers of all nature and all organs are happening everywhere” Union Minister Jitendra Singh Kathua/Jammu: Asserting that...

Govt considers financial creditor status for insurers issuing surety bond

by AIP Online Bureau | Sep 24, 2023 | Indian News, Non-Life, Policy, Regulation, Reinsurance

The general insurance companies are seeking changes in the Indian Contract Act and Insolvency and Bankruptcy Code (IBC) to bring surety bonds at par with bank guarantees when it comes to recourse available to them in case of a default. New Delhi: To make surety bond...
Sanjeev Mantri to succeed Dasgupta as MD & CEO at ICICI Lombard Gen

Sanjeev Mantri to succeed Dasgupta as MD & CEO at ICICI Lombard Gen

by AIP Online Bureau | Sep 24, 2023 | Indian News, Non-Life

Sanjeev Mantri, MD & CEO- designate, ICICI Lombard General Insurance `The Board of Directors based on the recommendation of the Board Nomination and Remuneration Committee have approved the appointment of Mantri presently with effect from December 1, 2023 or the...

FPIs outflow in equities crosses Rs 10,000 cr mark in Sep on rising rates

by AIP Online Bureau | Sep 24, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“Since valuations remain high even after the recent pullback and US bond yields are attractive (the US 10-year bond yield is around 4.49 per cent) FPIs are likely to press sales so long as this trend persists,” V K Vijayakumar, Chief Investment Strategist...
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