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Electric vehicles on Indian roads to touch 5cr by 2030; big opportunity for EV charging players: KPMG

by AIP Online Bureau | Aug 31, 2022 | Data, Technology

”As of March 2022, the number of EVs on Indian roads had surpassed one million. This number is likely to grow to 45-50 million EVs on road by 2030,” it said ‘Currently, only about 1,700 public charging stations are operational across the country...

India’s data centre industry worth USD 5.6 bn; set to grow further: Report

by AIP Online Bureau | Aug 31, 2022 | Data, Eco/Invest/Demography

At present, there are 138 data centres across India spanning about 11 million square feet and having 737 MW of IT capacity (building ready). At least 57 per cent of this current IT capacity is in Mumbai and Chennai, collectively. India’s data centre industry...
Fairfax looks to settle mutual fund cross-holding norms case with Sebi

Fairfax looks to settle mutual fund cross-holding norms case with Sebi

by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, Indian News, Reinsurance

The capital markets regulator, in October 2021, issued a show cause notice against Fairfax Financial Holdings Limited (FFHL), the ultimate parent entity of Fairfax Group, alleging a violation of mutual fund rules by FFHL, according to the draft IPO documents of Go...
Pakistan’s fatal flooding has hallmarks of global warming:

Pakistan’s fatal flooding has hallmarks of global warming:

by AIP Online Bureau | Aug 30, 2022 | Climate, Environment, Renewable Energy, Editorial, International News, Non-Life, Reinsurance

The recent flood in Pakistan is actually an outcome of the climate catastrophe … that was looming very large. The kind of incessant rainfall that has happened … has been unprecedented,”said Anjal Prakash, a research director at India’s Bharti Institute of...
India can become an upper-middle-income country by 2047: Bibek Debroy

India can become an upper-middle-income country by 2047: Bibek Debroy

by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Bibek Debroy,Chairman,EAC-PM The country can become a USD 20 trillion economies by 2047 at this growth rate, he added. India, the world’s sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. New Delhi: India can...
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