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ICICI Bank raises stake in ICICI Lombard General Insurance

by AIP Online Bureau | May 10, 2024 | Briefs, Wealth Management/ Philanthropy

Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions at an average price of Rs 1,722.5 apiece. Bharti Enterprises Ltd sold 38.50 lakh shares, amounting...

Household savings decline due to rising home, auto, personal loans

by AIP Online Bureau | May 9, 2024 | Data, Eco/Invest/Demography, Policy

Chief Economic Advisor V Anantha Nageswaran attributed the decline to a shift in portfolio where savings were being channelised to real assets NEW DELHI: Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of...

El Nino to end by June, La Nina seen in second half of 2024, says U.S. forecaster

by AIP Online Bureau | May 9, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Hot, dry weather in Asia during El Nino last year prompted top rice supplier India to restrict exports following a poor monsoon, while wheat output in No.2 exporter Australia took a hit. But heavier rains in parts of the Americas boosted farm output prospects in...

Sensex slips over 1,000 points as broad sell-off continues in Indian stocks

by AIP Online Bureau | May 9, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Wealth Management/ Philanthropy

Analysts asserted that a strong US dollar, uncertainty in Lok Sabha elections outcome after a decreasing voter turnout trend seen so far in the three phases that went to vote, and a profit booking after the recent rally hurt the markets Stock market investors lost Rs...
India’s religious demographics shift: Hindu population declines while Muslim population rises

India’s religious demographics shift: Hindu population declines while Muslim population rises

by AIP Online Bureau | May 9, 2024 | Data, Eco/Invest/Demography

”… The share of the majority Hindu population decreased by 7.82 per cent between 1950 and 2015 (from 84.68 per cent to 78.06 per cent). The share of the Muslim population in 1950 was 9.84 per cent and increased to 14.09 per cent in 2015 — a 43.15 per cent...
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