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Mutual funds industry adds 8.1 mn new investor accounts in Apr-May FY25

by AIP Online Bureau | Jun 16, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“As India’s per capita income grows, investors will look to save money in asset classes, which have the potential to beat inflation and create wealth. As the penetration of mutual funds increases, this will translate into a higher folio base at the...
SBI to monetise subsidiaries after scaling up their businesses, no IPO for SBI General this year: Chairman

SBI to monetise subsidiaries after scaling up their businesses, no IPO for SBI General this year: Chairman

by AIP Online Bureau | Jun 16, 2024 | Banking & Bancassurance, Indian News, Non-Life, Technology, Wealth Management/ Philanthropy

Dinesh Kumar Khara,Chairman,State Bank of India This move is anticipated to enhance valuation and deliver superior returns for the parent company, State Bank of India Mumbai: SBI Chairman Dinesh Kumar Khara has announced a strategic delay in monetizing the...

Hyundai Motor India files for landmark IPO expected to surpass LIC’s record

by AIP Online Bureau | Jun 16, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The planned IPO is structured entirely as an offer for sale (OFS) involving 142,194,700 equity shares by Hyundai Motor Company, as detailed in the draft red herring prospectus (DRHP). Notably, there is no fresh issue component in this offering Mumbai: Hyundai Motor...

Risk to public health from the avian influenza A (H5N1) virus remained low: WHO

by AIP Online Bureau | Jun 16, 2024 | Briefs, Health

The head of the World Health Organization (WHO) said on Wednesday that the risk to public health from the avian influenza A (H5N1) virus remained low despite its spread among dairy cattle in the United States. Tedros Adhanom Ghebreyesus, WHO Director-General, said the...

Health Ministry rolls out new referral guidelines for hospitals

by AIP Online Bureau | Jun 16, 2024 | Health, Indian News, Risk Management

These ‘Guidelines for Inter-Departmental Referral (within hospitals)’ mandate prompt initiation of referrals whenever patients need specialised care, diagnostic evaluations, or consultations beyond the capacity of the admitting department. Importantly,...
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