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FPIs pull out a massive Rs 17,000 cr from Indian equities

by AIP Online Bureau | May 12, 2024 | Data, Eco/Invest/Demography, Policy, Risk Management, Wealth Management/ Philanthropy

While FPIs may adopt a cautious stance until the election results are clear, favourable outcomes and established political stability could see their return in significant numbers, Trivesh D, COO at Tradejini, said Mumbai: Foreign investors pulled out a massive Rs...

Gold ETFs witness first outflow since March 2023 amid profit-taking

by AIP Online Bureau | May 12, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

”In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have...
First person in US to receive pig kidney dies months after transplant

First person in US to receive pig kidney dies months after transplant

by AIP Online Bureau | May 12, 2024 | Health, International News

Richard “Rick” Slayman had the transplant at Massachusetts General Hospital in March at the age of 62. Surgeons said they believed the pig kidney would last for at least two years The first recipient of a genetically modified pig kidney transplant has died...
White House wants cybersecurity standards on hospitals

White House wants cybersecurity standards on hospitals

by AIP Online Bureau | May 12, 2024 | International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management, Technology

The proposal may extend beyond hospitals too. The administration intends to issue a notice of proposed rulemaking in coming weeks to bring in minimum cybersecurity requirements for entities that receive money from Medicare and Medicaid, according to a US official, who...

China Construction Bank sued in U.S. over reinsurance fraud losses

by AIP Online Bureau | May 12, 2024 | Banking & Bancassurance, International News, Non-Life, Reinsurance

The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...
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