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Medi Assist IPO subscribed 54 pc on Day 1 of offer

by AIP Online Bureau | Jan 15, 2024 | Health, Indian News, Wealth Management/ Philanthropy

The category for Retail Individual Investors (RIIs) got subscribed 89 per cent and the quota for non-institutional investors received 45 per cent subscription. The IPO is entirely an Offer for Sale (OFS) of up to 2,80,28,168 equity shares. It has a price range of Rs...

Indian exporters face rising costs after Houthi Red Sea attacks

by AIP Online Bureau | Jan 15, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance

Exporters said 95% of vessels had rerouted around the Cape of Good Hope on the southern tip of Africa, adding 4,000 to 6,000 nautical miles and 14-20 days to journeys from India since Houthi militants began attacking shipping in November. The cost of a 24-foot...

Container rates soar on concerns of prolonged Red Sea disruption, inflation

by AIP Online Bureau | Jan 15, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

“Tanker rates will increase and futures are up this morning,” said John Kartsonas, managing partner at Breakwave Advisors, who added that dry bulk remains the least affected sector. Major importers like Tesla , Geely-owned Volvo Car and Ikea already have...
Markets hit record peaks: Sensex breaches 73,000 level for first time; Nifty goes past 22k mark

Markets hit record peaks: Sensex breaches 73,000 level for first time; Nifty goes past 22k mark

by AIP Online Bureau | Jan 15, 2024 | Eco/Invest/Demography, Indian News, Policy

Deepak Jasani, Head of Retail Research, HDFC Securities, said that shares in Asia were higher after China’s central bank unexpectedly kept a key interest rate unchanged, and in the wake of Taiwan’s election on the weekend. China’s central bank left the...

Govts owe $88 trillion in debt, equivalent almost to the world’s annual economic output

by AIP Online Bureau | Jan 14, 2024 | Data, Eco/Invest/Demography

Even in the absence of a new crisis, soaring debt servicing costs will constrain efforts to tackle climate change and care for aging populations. Public services in many countries are already strained after successive budget cuts London: World leaders are flocking to...
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