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FPIs outflow in equities crosses Rs 10,000 cr mark in Sep on rising rates

by AIP Online Bureau | Sep 24, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“Since valuations remain high even after the recent pullback and US bond yields are attractive (the US 10-year bond yield is around 4.49 per cent) FPIs are likely to press sales so long as this trend persists,” V K Vijayakumar, Chief Investment Strategist...

Gujarat govt announces relief package for farmers in districts affected by floods due to Narmada river

by AIP Online Bureau | Sep 24, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

Based on a report on the estimated damages caused to standing crops in the three districts due to flooding caused by the river, the government has decided to provide a special relief package from the state budget in addition to the State Disaster Response Fund (SDRF)...
Sunak may ban cigarettes in UK for future generations -The Guardian

Sunak may ban cigarettes in UK for future generations -The Guardian

by AIP Online Bureau | Sep 24, 2023 | Health, International News, Policy

British Prime Minister Rishi Sunak Those measures include free vape kits, a voucher scheme to incentivise pregnant women to quit, and consulting on mandatory cigarette pack inserts, the spokesperson added. The spokesperson declined to comment further on The Guardian...

Mahindra Finance acquires 20 pc stake in Mahindra Insurance Brokers for Rs 206 cr

by AIP Online Bureau | Sep 24, 2023 | Indian News, Intermediaries, Non-Life, Reinsurance

The company, pursuant to receipt of approval from the Insurance Regulatory and Development Authority of India (Irdai), completed the acquisition of 20,61,856 equity shares of Rs 10 each of MIBL at a price of Rs 1,001 per share, Mahindra Finance said in a regulatory...

California lets insurers factor wildfire risks in rates to widen coverage

by AIP Online Bureau | Sep 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management

The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...
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