In an interview to the 'Wall Street Journal', Benmosche said that AIG, in its current form, is too large. "I feel strongly that AIG is too big today -- it is extremely complex to manage and we need to make sure it's more transparent, that it's smaller, and that we can make it on our own."
The American International Group India on Thursday issued a release stating that the US financial crisis does not have any immediate material impact on Tata AIG Life Insurance.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.
Focus on Berkshire's size has grown over the years as it has amassed more than 80 businesses
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
Flight AI173 from Delhi was diverted to Magadan in Russia on Tuesday owing to an engine glitch, the Tata Group-owned private carrier said in a statement.
These stocks offer the best combination of maximum 'buy' recommendations from brokerages and share price upside over the next 12 months.
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
'I have noticed how a certain country wants to establish the presence of ISIS in Bangladesh.' 'Are these terrorists working under some religious inspiration or they are being lured by an obnoxious amount of money?' 'For some mysterious reasons, no action is taken by the government against suspicious organisations.'
Financials were the top losers while oil shares also declined amid weak crude oil prices.
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
'Many said his visit was very risky. But mercifully, Air Force One has taken off from Delhi without Mr Trump stepping on anybody's toes,' notes Ambassador T P Sreenivasan.
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
Modi and Obama surely put India-US ties in fast-forward mode. But 5 things deserve careful attention.
The agreement was reached in intensive negotiations between contact groups that Obama and Modi had set up in September.
'Art Deco was the last of the truly international styles.'
Lionel Messi marked his retirement about face with a goal to give 10-man Argentina a 1-0 win over Uruguay on Thursday that lifted them to the top of the South American qualifying group for the 2018 World Cup finals in Russia.
The previous United Progressive Alliance government had permitted up to 51 per cent foreign direct investment in multi-brand retail but the current National Democratic Alliance government is opposed to it.
'In the time I have been an Indiawallah, I have seen three US Presidential visits to India, nuclear sanctions, nuclear cooperation, a border conflict with Pakistan, the growth of IT services, a government losing a confidence vote, and so much more,' Rick Rossow, the new Wadhwani Chair in US-India Policy Studies tells Rediff.com's Aziz Haniffa.
In an online chat with readers overseas consultant NNS Chandra offered advice.
A friendly working environment, special healthcare facilities, flexible work hours, work from home options, support and camaraderie among the team members keep employees highly motivated in these 10 companies.
A glance back at some of the important ups and down Indian Inc faced in 2018.
India has a 'natural global partnership' with US, says PM.
'By his very presence in Delhi on Republic Day, Obama is revisiting the most defining relationship of the 20th century after a period of stagnation,' says Ambassador T P Sreenivasan.
After the advent of the US Affordable Care Act, popularly known as Obamacare, US insurance companies plan to encourage medical tourism.
'India is part of our strategic and economic future,' says Richard Rahul Verma, the first Indian American to be appointed US Ambassador to India.
'Prevention plus vaccination is what is going to take us into better territory by September or October.'
Volkswagen is under huge pressure to act, with its shares down more than a third in value since the crisis broke, and the bad news still coming.
Negotiating a sustainable compromise with Iran is not getting any easier, and this delay might not yield the desired result of bringing Tehran's nuclear programme under stringent limits, says Claude Smadja
As millions of passengers stream through Malaysia's Kuala Lumpur International Airport, heading off on holidays or returning home to loving families, all Hassan Al Kontar can do is watch. And wait. Stuck at the airport since March 7, 2018 that's all Kontar has been able to do. The airport has become his home. And for all those who wonder what it must be like to live at an airport, the stranded 36-year-old tells us via Twitter exactly what his story is and what's happening to him.
Is North Korea really dismantling its nuclear programme? Rajaram Panda explains the many challenges to denuclearise the Korean Peninsula.
Most tour operators offer accommodation to suit different budgets.
'Big countries do not agree on every set of issues.' 'Look, one of the differences in the relationship is that when we do not agree, we are sitting down and talking to each other.'
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
'It is in the interest of both sides that the visit of the US President is seen as being successful. Both sides have invested considerable political capital in it. This rapid exchange of visits and the decisions taken have to be justified, beyond the symbolism, which is no doubt important in itself. This opportunity to impart a fresh momentum to ties should not be missed,' says former foreign secretary Kanwal Sibal.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances