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Reliance General Insurance profit up 28% at Rs 165 cr in FY18

by AIP Online Bureau | Apr 23, 2018 | Uncategorized

Mumnai: Reliance General Insurance, arm of Reliance Capital, has registered a net profit of Rs 165 crore in the fiscal ended March, up by 28 per cent from a year earlier. The company had posted a net profit of Rs 129 crore in 2016-17.   Reliance General Insurance...

Indian cos need to brace up for EU data protection regulation: PwC

by AIP Online Bureau | Apr 23, 2018 | Indian News, Risk Management

New Delhi: Indian companies need to ready themselves for EU General Data Protection Regulation (GDPR), which comes into effect from May 25, said global consultancy firm PwC. The EU GDPR will usher a new data and privacy protection regime to give regulators...

Aadhaar seeding must for bank accounts under KYC norms: RBI

by AIP Online Bureau | Apr 22, 2018 | Indian News, Risk Management

  Mumbai: The Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of its updated ‘Know Your Customer (KYC)’ guidelines.   This, however, will be subject to the final decision of the...

India’s GDP expected to reach $5 trillion by 2025: Economic Affairs Secretary

by AIP Online Bureau | Apr 22, 2018 | Indian News

WASHINGTON:  India is poised to remain the fastest growing large economy in the world and its GDP is expected to reach $5 trillion by 2025 as the economic reforms adopted in the last few years have started to bear fruit, a top Indian official has told the World...

FPI outflow in April at Rs 8,000-cr on trade negotiations

by AIP Online Bureau | Apr 22, 2018 | Data

New Delhi:  Foreign investors have pulled out nearly Rs 8,000 crore from the Indian capital markets so far this month due to 'considerable' volatility in global markets on account of the ongoing trade negotiations and firming up of bond yields. This comes...
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