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Global economic growth outlook “gloomier”, says IMF ahead of G20 summit

by AIP Online Bureau | Nov 14, 2022 | Eco/Invest/Demography, International News

The global economy has weakened particularly due to three key factors — persistently high and broad-based inflation, the weak growth momentum in China, and Russia’s invasion of Ukraine As prices of many food staples touched record highs in 2022 amid supply...
LIC shares rally over 9 pc as Q2 net zooms multifold

LIC shares rally over 9 pc as Q2 net zooms multifold

by AIP Online Bureau | Nov 14, 2022 | Indian News, Life

A 27 per cent jump in premium income and massive gains from changes in its accounting policy along with investment income helped the national insurer LIC on Friday report a multi-fold jump in net income at Rs 15,952 crore in the July-September quarter, from Rs 1,434...

Sustainable food cold chains reduce waste, fight climate change: UN report

by AIP Online Bureau | Nov 13, 2022 | Eco/Invest/Demography, Facts

Food waste is happening as the number of hungry people worldwide rose to 828 million in 2021, or 46 million more than in the previous year. In 2020, nearly 3.1 billion people could not afford a healthy diet, up 112 million from 2019, as the impacts of the COVID-19...
NIA’s net profit plunges 74% to Rs 33 crore, one time Rs 2600 cr provision to clear five-yr wage arrears

NIA’s net profit plunges 74% to Rs 33 crore, one time Rs 2600 cr provision to clear five-yr wage arrears

by AIP Online Bureau | Nov 13, 2022 | Indian News, Non-Life

Neerja Kapur,CMD,New India Assurance “The fall in  gross written premium is primarily due to the previous year recording significant revenues from the crop line of business and some government business, which was  not there this year. The company made...

DICGC settles claims worth Rs 8,516.6 crore in FY22

by AIP Online Bureau | Nov 13, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

The number of insured banks registered with DICGC stood at 2,040 as on March 31, 2022 Since the inception of deposit insurance, a cumulative amount of Rs 295.9 crore was paid up to March 31, 2022 towards claims of 27 commercial banks, Rs 10,524.3 crore towards claims...
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