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RCap resolution: NCLAT issues notices to Torrent Investments, others

by AIP Online Bureau | Feb 7, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life

On February 2, the Mumbai bench of National Company Law Tribunal (NCLT) had ruled against holding a fresh round of auction for the takeover of Anil Ambani-promoted Reliance Capital (RCap) and said the challenge mechanism for financial bids has already concluded....

Hackers who breached ION say ransom paid; company declines comment

by AIP Online Bureau | Feb 7, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The ransomware outbreak that erupted at ION on Tuesday has disrupted trading and clearing of exchange-traded financial derivatives, causing problems for scores of brokers, sources familiar with the matter told Reuters this week. The hackers who claimed responsibility...
Budget-2023-24:Beyond tax-saving-driven insurance sales

Budget-2023-24:Beyond tax-saving-driven insurance sales

by AIP Online Bureau | Feb 7, 2023 | Articles, Health, Non-Life, Policy, Reinsurance

Bhargav Dasgupta – MD & CEO, ICICI Lombard For a sector such as general insurance, where the industry has sought tax support for increased spend on home insurance or health, there is a message that they will have to strive for growth beyond tax-saving-driven...

Study: Everyday well-being improved by good interaction with a friend

by AIP Online Bureau | Feb 7, 2023 | Facts, Health, Workplace/Employee Benefits

“The types of communication we chose to study were ones shown in past research to make people feel more bonded through conversation.” There were seven:Catching up,Meaningful talk,Joking around.Showing care.listening,Valuing others and their opinions.Offering sincere...
Major earthquake kills 4,600 in Turkey and Syria, weather hits survivors

Major earthquake kills 4,600 in Turkey and Syria, weather hits survivors

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

In Turkey, the death toll stood at 2,316, the Disaster and Emergency Management Authority (AFAD) said, making it the country’s deadliest earthquake since a tremor of similar magnitude in 1999 devastated the heavily populated eastern Marmara Sea region near...

NDRF personnel with specially equipped trained dog squad departs for earthquake-hit Turkey

by AIP Online Bureau | Feb 7, 2023 | Disaster & Management, Facts

“Medical teams are also being readied with trained doctors and paramedics with essential medicines. Relief material will be dispatched in coordination with the Turkish government and the Indian Embassy in Ankara and Consulate General office in Istanbul,”...

7.8 magnitude quake knocks down buildings in central Turkey

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

Several buildings tumbled down in the neighboring provinces of Malatya, Diyarbakir and Malatya, HaberTurk television reported. There was no immediate reports on casualties The earthquake was also felt in Lebanon and Syria ANKARA: A 7.8 magnitude earthquake shock...

Linking PAN with Aadhaar: CBDT chairperson says 48 cr linked so far

by AIP Online Bureau | Feb 6, 2023 | Data, Eco/Invest/Demography, Technology

The government has made the linkage of the two databases mandatory and declared that those individual PANs that are not attached to the Aadhaar by the end of this financial year (March 31, 2023) will be rendered inoperative. New Delhi: About 48 crore individual...

Foreign investors continue sell-off in Indian stocks; sold Rs 34,605 crore in 2023

by AIP Online Bureau | Feb 6, 2023 | Data, Eco/Invest/Demography

Barring some exceptions, foreign portfolio investors (FPIs) had been selling equities in the Indian markets for over a year, which started in October 2021 for various reasons. Tightening monetary policy in advanced economies including rising demand for...

Consumption of ultra-processed food linked to Cancer

by AIP Online Bureau | Feb 5, 2023 | Facts, Health

For every 10 per cent increase in ultra-processed food in a person’s diet, there was an increased incidence of 2 per cent for cancer overall and a 19 per cent increase for ovarian cancer specifically. According to an observational study done by Imperial College...
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