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IRDAI asks SBI Life to take over business of defunct Sahara Life

IRDAI asks SBI Life to take over business of defunct Sahara Life

by AIP Online Bureau | Jun 2, 2023 | Indian News, Life, Regulation

SBI Life will have take over the policy liabilities of around two lakh policies of Sahara India Life Insurance (SILIC), backed by the policyholders’ assets, said the IRDAI, The policy data of SILIC reveals that the company’s portfolio is showing run-off trend. The...

Costs and benefits of climate transition in India very unevenly distributed: Study

by AIP Online Bureau | Jun 2, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

The researchers assume there will be an extensive effort towards climate protection, including a complete coal phase-out, the massive expansion of power generation from solar and wind, a national carbon price of USD 40 per tonne for private households and companies,...

1.5C for the planet, 1C for people: Scientists issue new climate warning

by AIP Online Bureau | Jun 2, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

The warning – issued this week in research published in the journal Nature – comes late, given that the Earth has already heated up by about 1.2C since preindustrial times. The World Meteorological Organization has said global average temperatures are more...

Gambia hires US law firm to consider action on toxic Indian cough syrup, minister says

by AIP Online Bureau | Jun 2, 2023 | Health, Indian News

At least 70 children in Gambia, most under 5 years old, died from acute kidney injury between June and October. Local doctors suspected cough syrups imported from India were the likely culprit, Reuters reported earlier this year, and tests by the World Health...
May auto sales on growth track riding on demand for SUVs

May auto sales on growth track riding on demand for SUVs

by AIP Online Bureau | Jun 2, 2023 | Eco/Invest/Demography, Indian News, Non-Life

Market leader Maruti Suzuki India (MSI) reported a 15 per cent rise in total domestic passenger vehicle sales at 1,43,708 units as compared with 1,24,474 units in the same month last year New Delhi: Automakers, led by Maruti Suzuki India, Hyundai, Mahindra &...

New Zealand offers to buy out owners of homes damaged by Cyclone

by AIP Online Bureau | Jun 1, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Together with local councils, the government will offer to buy as many as 700 residential properties across the North Island that were damaged by Cyclone Gabrielle and heavy flooding earlier this year, Finance Minister Grant Robertson said Thursday in Wellington. It...
Shareholders to take call on listing: Future Generali India MD

Shareholders to take call on listing: Future Generali India MD

by AIP Online Bureau | Jun 1, 2023 | Health, Indian News, Non-Life

India continues to be most attractive market for insurance players and premium for general insurance segment is expected to grow at 20 per cent in the next few years, said Anup Rau,Future Generali India Insurance(FGII) managing director Mumbai: Future Generali India...

83 pc Indians would delegate as much work as possible to AI: Microsoft report

by AIP Online Bureau | Jun 1, 2023 | Eco/Invest/Demography, Facts, Technology

‘The next generation of AI will unlock a new wave of productivity growth, removing the drudgery from our jobs and freeing us to rediscover the joy of creation. The opportunity and responsibility for every organisation and leader is to get AI right —...

Canadian pension fund CDPQ puts brakes on China investment – FT

by AIP Online Bureau | Jun 1, 2023 | Eco/Invest/Demography, International News, Pension & Social Security, Wealth Management/ Philanthropy

The Financial Times in February reported that Singapore’s sovereign wealth fund GIC has reduced private investments in China Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and...

Aditya Birla Group to invest Rs 1,250 crore into its financial services arm

by AIP Online Bureau | Jun 1, 2023 | Indian News, Life

The board of Aditya Birla Capital Ltd (ABCL), which is into lending, asset management and insurance, on Thursday approved a preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, according to a statement on Thursday Mumbai: Aditya Birla...
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