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Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case

Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case

by AIP Online Bureau | May 17, 2026 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The court, in the judgment passed on Saturday, ordered that the entire fine amount of ₹30 lakh, once recovered, be paid as compensation to the woman, a resident of Thane in Maharashtra. Thane: A Thane court has sentenced a financial advisor to two years rigorous...
SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel

SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel

by AIP Online Bureau | May 17, 2026 | Banking & Bancassurance, Indian News, Non-Life

The bank was also ordered to pay Rs 10,000 for mental agony and litigation costs.As per the complainant, her husband had an account with the bank’s Tri Junction Cantonment area in Nagpur. She stated that insurance protection up to Rs 5 lakh was being provided to...
FPIs pull out Rs 27,000 cr in May; 2026 outflows hit Rs 2.2 lakh cr-mark

FPIs pull out Rs 27,000 cr in May; 2026 outflows hit Rs 2.2 lakh cr-mark

by AIP Online Bureau | May 17, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

With this, total outflows by Foreign Portfolio Investors (FPIs) from the equity market have reached Rs 2.2 trillion in 2026, higher than the Rs 1.66 trillion pulled out during the entire 2025, according to data with the NSDL. New Delhi:Foreign investors continued to...
W.H.O. declares Ebola outbreak in Congo, Uganda a global health emergency

W.H.O. declares Ebola outbreak in Congo, Uganda a global health emergency

by AIP Online Bureau | May 17, 2026 | Eco/Invest/Demography, Health, International News

The WHO said the outbreak, caused by the Bundibugyo virus, does not meet the criteria of a pandemic emergency but that countries sharing land borders with the DRC are at ​high risk for further spread.The outbreak is “extraordinary” as there are no approved...
AP govt plans financial rewards for larger families:Chief Minister

AP govt plans financial rewards for larger families:Chief Minister

by AIP Online Bureau | May 16, 2026 | Eco/Invest/Demography, Indian News, Policy

N Chandrababu Naidu,Chief Minister,Andhra Pradesh “I have made a new decision. We will provide Rs 30,000 immediately after the birth of a third child and Rs 40,000 for a fourth child. Isn’t this the right decision?” Naidu said on the sidelines of the...
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