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Indian billionaires’ wealth a third of country’s GDP; Adani biggest wealth gainer
Gautam Adani, founder and chairman of the Adani Group The country...
No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh
However, government functionaries are expected to exercise due...
Drones to save lives by providing urban-grade healthcare in India’s rural areas: WEF
Eight healthcare centres covering a population of over 3,00,000 people took part in the 45-day trial in which health workers delivered vital vaccines and medicines by drone It was conducted as part of a wider programme, Medicine from the Sky, led by the WEF's Centre...
Investors bet big on SIP; inflows climb 30% to Rs 1.24 lakh cr in FY22: AMFI
Currently, mutual funds have about 5.39 crore SIP accounts through which investors regularly invest in mutual fund schemes The 43-player mutual fund industry mainly depends on SIPs for inflows, with equity mutual funds attracting Rs 1.64 lakh crore in 2021-22. This...
Decentro starts empowering Insurtech via banking APIs
Rohit Taneja, Co-founder & CEO, Decentro, said, "The Indian Insurance landscape is evolving well, and technology is playing a major role in its transformation. From managing the problems related to the complex money movement frameworks to ironing out identity...
HealthySure secures additional funding from LetsVenture and other Founders
The financing saw participation of new investors LetsVenture and founders Aditi Shrivastava – Founder - Pockets Aces, Sreeraman Mohan Girija – Cofounder of Fynd, Pankaj Vermani – Founder of Clovia, Sachin Shetty – Cofounder of Giva Sanil Basutkar, Co-founder &...
S&P cuts FY23 India growth forecast to 7.3% on inflation, Russian-Ukraine war
"The risks to our forecasts have picked up since our last forecast round and remain firmly on the downside. The Russia-Ukraine conflict is more likely to drag on and escalate than end earlier and deescalate, in our view, pushing the risks to the downside," S&P...
Half a million flee from Assam to escape floods triggered by pre-monsoon rains
One of the world's largest rivers, the Brahmaputra, which flows into India and neighbouring Bangladesh from Tibet, burst its banks in Assam over the last three days, inundating more than 1,500 villages GUWAHATI: More than 500,000 people have fled their homes in...
After muted debut, LIC investors seek Aramco-style dividend
Ashishkumar Chauhan, MD and CEO, BSE, MR Kumar, Chairperson, Life Insurance Corporation and Tuhin Kanta Pandey, DIPAM Secretary pose after the company's IPO listing ceremony at the BSE in Mumbai With the demand for a handsome payout, LIC investors are taking a leaf...
RBI rejects applications of Sachin Bansal-backed firm, 5 others for setting up banks
The Reserve Bank had received 11 applications to set up bank under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks The co-founder of e-commerce company Flipkart Sachin Bansal had acquired a majority stake in Chaitanya in September 2019...
ICICI Lombard launches Professional Indemnity Insurance for doctors
Sanjeev Mantri, executive director, ICICI Lombard General Insurance said “Doctors and healthcare professionals are prone to uncertainties and risks while they are in the forefront to save lives. Error, omission, or at times unintentional negligence are a part and...
LIC listed at Rs 867, 8.62% discount over its issue price of Rs 949, over 1 cr shares exchange hands
Tuhin Kanta Pandey, secretary, DIPAM (L) and MR Kumar, chairman, LIC at the LIC's listing ceremony at BSE on Tuesday "We were not expecting on a big listing as markets were jittery, expect it to pick up," said LIC's Chairman M. R. Kumar LIC's share stock touched a low...