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Hundreds of containers ablaze at Turkey’s Iskenderun port, operations shut down

by AIP Online Bureau | Feb 8, 2023 | International News, Non-Life

Turkey’s maritime authority said on Monday that the port, located on the Mediterranean coast in the southern province of Hatay, was damaged due to the earthquake that struck Turkey and neighboring Syria Leading global container shipping group AP Moller Maersk said...

Rethink needed to regulate Big Tech in finance, says BIS official

by AIP Online Bureau | Feb 8, 2023 | International News, Risk Management, Technology

Data-rich Big Tech companies such as Alibaba and Amazon have been involved for some time in financial services such as banking, payments, asset management and insurance, with some also providing cloud computing to run key services for banks Their size and reach in...
RBI hikes rates 25 bps as expected, hints more could come

RBI hikes rates 25 bps as expected, hints more could come

by AIP Online Bureau | Feb 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life

Shaktikanta Das,governor,RBI RBI projects India’s GDP growth at 6.4 per cent for 2023-24 Average retail inflation in India is projected to be at 5.3 during the next financial year “The global economic outlook does not look as grim now as it did a few...

FSIB selects 3 GMDs for PSU general insurance cos

by AIP Online Bureau | Feb 7, 2023 | Briefs, Indian News, Non-Life

The general managers who have been chosen as directors are G Sundaraman from United India Insurance {UII} for the same company, Smita Srivastava, Oriental Insurance Company for New India Assurance and Titus Francis Maliakkel,, NIA for the same company New Delhi: The ...
Apollo Hospitals rolls out Clinical Intelligence Engine (CIE) for doctors across India

Apollo Hospitals rolls out Clinical Intelligence Engine (CIE) for doctors across India

by AIP Online Bureau | Feb 7, 2023 | Health, Indian News, Technology

The Clinical Intelligence Engine is capable of analysing vast amounts of data to help healthcare professionals identify patterns which may be missed otherwise. Chennai: The Apollo Hospitals group, one of Asia’s largest and the most trusted healthcare providers,...

Banks’ exposure to Adani group “insufficient”, face limited risk: Fitch

by AIP Online Bureau | Feb 7, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

”Fitch Ratings believes that Indian banks’ exposure to the Adani group is insufficient in itself to present a substantial risk to the banks’ standalone credit profiles,” the rating agency said in a note. New Delhi: Indian banks’ exposure...

5 states inform Centre about reverting to old pension scheme

by AIP Online Bureau | Feb 7, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security

”The state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have informed the central government/Pension Fund Regulatory and Development Authority (PFRDA) about their decision to restart Old Pension Scheme (OPS) for their state...
Digit postpones its IPO, to refile DRHP  with Sebi in due course

Digit postpones its IPO, to refile DRHP with Sebi in due course

by AIP Online Bureau | Feb 7, 2023 | Indian News, Non-Life, Regulation

In a statement, Digit insurance said the DRHP (Draft Red Herring Prospectus) has been returned in terms of Sebi’s ICDR (Issuance of Capital and Disclosure Requirements) rules, which exempts rights granted under employee stock option plans to subsist at the time...

Wealth Management:Ultra-rich foreigners flock to Singapore to set up family offices

by AIP Online Bureau | Feb 7, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Family offices are usually set up with the objective of managing the financial and investment needs of affluent families or individuals including providing financial solutions, budgeting, insurance, charitable giving, wealth transfer and succession planning, and tax...
Edelweiss General Insurance rebrands itself as Zuno General Insurance

Edelweiss General Insurance rebrands itself as Zuno General Insurance

by AIP Online Bureau | Feb 7, 2023 | Indian News, Non-Life, Risk Management, Technology

Shanai Ghosh, MD & CEO, Zuno General Insurance, said, “Telematics is a silver lining for motor insurance industry in India. It allows us to offer personalized solutions and experience to our customers. Given the exponential growth of smartphone users in the...
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