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Subscribe to enjoy similar stories. BENGALURU : Etonhurst Capital Partners, an investment firm, is set to raise its first real estate fund, targeting residential redevelopment projects in Mumbai, according to a senior executive. The fund, Etonhurst Redevelopment Fund 1, is registered as a Category-II alternative investment fund (AIF) with the Securities and Exchange Board of India and aims to raise a ₹500 crore corpus, with an additional ₹250 crore green-shoe option.

Air India on Wednesday AI-driven feature, eZ Booking, aimed at revolutionizing the ticket reservation process.

Insurers exposed to the California homeowners' market sold off sharply Friday as the devastation caused by the Los Angeles wildfires spread.

WestBridge Capital is joining forces with Neelesh Garg, outgoing managing director and CEO of Tata AIG General Insurance, to launch a new general insurance joint venture with a focus on AI-powered, digital-first services, two people aware of the development said. This will mark the Bengaluru-based private equity firm’s second investment into the insurance sector following its successful part-exit from Star Health Insurance through its IPO in 2021. WestBridge, which manages over $8 billion in investments in India, will hold a majority stake in the proposed venture, with Garg taking a 10% ownership position, people cited above said.

smart wearable devices maker Garmin is aiming for a double-digit growth from its India business, which is a key focus market where it is investing, said an official from AMIT International Group (AIG), which has distribution rights for the country. The brand, which also makes marine devices used by ships, boats, and outdoor handhold devices, is also expecting growth from this segment. Analyst firms such as IDC said the Indian smart wearable market would decline 10 per cent in Q2 year-on-year to 29.5 million units. However, Garmin is unfazed by this and expects to continue its growth journey here, led by its strong product line and brand value, said AMIT GPS & Navigation General Manager, India Deepak Raina.

Irdai) has directed all insurance companies to scrutinize their IT systems for vulnerabilities. This advisory follows reports of data breaches involving two major general insurance companies, Star Health and Allied Insurance, and Tata AIG General Insurance. Star Health publicly acknowledged the data breach to the stock exchanges. Meanwhile, market sources have indicated that Tata AIG was also impacted. In response, Irdai has instructed both companies to engage independent auditors for a comprehensive audit of their IT systems. The companies have also isolated the affected systems and are collaborating with external cybersecurity experts to conduct a root cause analysis. In a statement, Tata AIG confirmed its awareness of the potential data exposure. «We are aware of recent claims made by a threat actor on holding a small portion of Tata AIG data. Our dedicated teams, in collaboration with independent cybersecurity experts, are conducting a comprehensive investigation and rigorous system checks to ascertain the same,» the company said. Tata AIG has also informed regulatory authorities and is cooperating with ongoing due diligence.

women actors narrating their horrific sexual assault experiences in the cinema industry, the Kerala government on Sunday formed a special team to probe the atrocities faced by them. The government on Sunday formed a seven-member team after a high-level meeting of senior police officials was called by Chief Minister Pinarayi Vijayan. The chief minister's office said the special team will be headed by IG Sparjan Kumar and will include four senior women IPS officers of the state.

Tata AIG General Insurance, have received 'circumstances notifications' from major airlines including Air India following the global Microsoft outage on June 19, two sources said. The outage, which affected numerous institutions worldwide, may influence insurance pricing and coverage for the coming year.

Olympus Corporation, the Japanese medical technology major, on Wednesday said it will establish a Research & Development (R&D) Offshore Development Center (ODC) in Hyderabad.

talent management firm Artist International Group (AIG) has set foot in India through a joint venture (JV), AIG India, with Creativeland Studios to take advantage of the country's burgeoning content creator industry.

database company MongoDB sees a “great opportunity” in India as large banks, airlines and financial services companies here launch AI business models, a top company executive said. Valued at about $30 billion, MongoDB counts Tata Digital, Tata AIG, Canara HSBC Life Insurance, Zomato, Devnagri, Ambee, Inovaare and Observe.AI among its key clients.

Also Read: From premiums to claims process: Decoding key terms in insurance policies | 8 points Now, let's delve into the types of Rupay cards available in the market and the corresponding insurance coverage they offer: 1. Classic Card: This card doesn't provide any insurance coverage. Although it used to offer coverage previously, this feature has been discontinued since the financial year 2020.

WealthVest has deployed a new nationwide distribution team to focus on its partnership with life insurance and annuities firm Aspida.

₹16,000 crore for 889 kilometres of national highway through its ‘InvIT round 3’ This is the largest-ever monetisations by NHAI and one of the largest transactions in the history of Indian roads. The letter of acceptance (LOA) was issued in February, NHAI said.

A former longtime financial advisor who had been registered with SagePoint Financial Inc., which became Osaic Wealth Inc. last year, was barred from the securities industry this week after Osaic discharged him in December for allegedly breaking industry rules in the sale of promissory notes.

Here's a rare case of a casino losing

TOKYO (Reuters) -Japan Airlines (JAL) estimated on Thursday that the collision of its flight JL516 with a Japan Coast Guard aircraft on Tuesday would result in an operating loss of about 15 billion yen ($104.81 million).

health insurance coverage, addressing the dynamic nature of health-related uncertainties. This new plan caters to the varied healthcare requirements of families residing in Tier I to Tier IV locations.

market share to private sector peers in the first half of the current financial year. In the first half, general insurance industry grew 14.86% to ₹1,43,802 crore.

OpenAI, the startup behind artificial intelligence (AI)-based chatbot sensation ChatGPT, has reached an agreement with its ousted chief executive officer Sam Altman to bring him back to the company. The reconciliation, which comes barely five days after Altman's exit, is set to end the tenure of Emmett Shear who was given the top role two days ago. Shear, a former chief executive of Twitch, was announced as the interim CEO by OpenAI's embattled board on November 20.

CEO pay at many of the biggest companies in the U.S. has snowballed over the past decade to levels hundreds or even thousands of times higher than median salaries — and in a lot of cases, the higher compensation isn't reflected in financial performance.