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FPIs pull out a staggering Rs 6,850 crore from stocks so far in February

by AIP Online Bureau | Feb 18, 2018 | Data

New Delhi: Foreign investors have pulled out so far this month a staggering $1 billion or Rs 6,850 crore from the Indian stock market in the wake of sell-offs globally.    This is against the total inflow of over Rs 13,780 crore by foreign portfolio...

Prem Watsa earns a net profit of $930 mn from stake sales in ICICI Lombard General

by AIP Online Bureau | Feb 18, 2018 | International News

Toronto: Windfall gains from its Indian insurance operations have swung  Prem Watsa's Canada-based Fairfax Financial Holdings to the profit in the fiscal year 2017. Aided by a massive profit in its ICICI Lombard deal, the multinational re/insurer...

Sex ratio at birth dips in 17 of 21 large states, Gujarat records 53 points fall

by AIP Online Bureau | Feb 17, 2018 | Data

The sex ratio at birth (SRB) saw a decline in 17 out of 21 large states of the country, with Gujarat recording an alarming dip of 53 points, a report released by the Niti Aayog stated and stressed on the need to check sex-selective abortion.     ...

Ministry seeks mergers of three PSU non-life insurers without much disruption

by AIP Online Bureau | Feb 16, 2018 | Indian News

New Delhi: After finance minister Arun Jaitly made a Budgetary proposal for the merger of three state owned general insurers,   , finance ministry officials met the CMDs of these companies-Oriental Insurance, National Insurance and United...

Sujay Banarji,LIC’s Kutumbe appointed as Members, IRDAI

by AIP Online Bureau | Feb 16, 2018 | Indian News, Regulation

New Delhi: Government today has appointed two members at the insurance regulator IRDAI. Kutumbe Pravin Hari, 58,executive director , Life Insurance Corporation(LIC) has been appointed as  member (Finance & Investment) while Sujay Banarji,60,.former...
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