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Reliance Capital to raise Rs 10,000 crore in current fiscal by selling assets

by AIP Online Bureau | May 18, 2019 | Indian News, Non-Life

  Mumbai: Cash-strapped Reliance Capital on May 18 said it expects to raise Rs 10,000 crore by selling assets and cut down its debt by about 50 percent in the current fiscal.   The company has been working diligently to ensure timely debt repayments and is...

End-user IT spending in India to reach $15 billion in 2019: Gartner

by AIP Online Bureau | May 18, 2019 | Data, Technology

End-user information technology spends by Indian companies will jump by nearly 10 percent to $15 billion in 2019, a report said on May 6.   The fastest growth will be in the business process outsourcing sector, which is estimated to grow at over 14 percent to...

Water management to be Modi’s priority if NDA is re-elected

by AIP Online Bureau | May 18, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: In his last election rally of 2019 Narendra Modi gave an indication as to what his priority will be in his second term if his party is elected back to power. If Modi shocked the nation from Red Fort on August 15, 2014, by speaking about Indians not...

Bajaj Allianz General reports a net profit of Rs 780 crore in 2019-20

by AIP Online Bureau | May 17, 2019 | Indian News, Non-Life

  Mumbai: Bajaj Allianz General Insurance, reported a net profit of Rs. 780 crore and gross written premium (GWP) soaring up to Rs 11, 097 crore in FY 18-19.    The company booked an underwriting profit of Rs. 18 crore in FY 18-19.   The profit...

Boeing completes 737 Max software upgrade

by AIP Online Bureau | May 17, 2019 | International News, Non-Life, Risk Management, Technology

  Chicago: Boeing has completed development of a software update for its 737 Max plane which was grounded following two fatal crashes within five months.The US firm announced that it had flown the 737 Max with the updated software on 207 flights.   It added...
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