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SAT rejects IRDA order, allows sale of pledged Reliance General insurance shares

by AIP Online Bureau | Feb 27, 2020 | Indian News, Non-Life, Regulation

  Mumbai: In a significant development,the Securities Appellate Tribunal (SAT) on Thursday has set aside an earlier order of the insurance regulator IRDAI which had disapproved the 100 per cent pledging enforcement of Reliance General Insurance Company...

India’s GDP seen growing at 4.7% in December quarter, with virus impact to come

by AIP Online Bureau | Feb 27, 2020 | Eco/Invest/Demography, Health, Indian News

New Delhi: Having suffered its weakest expansion in over six years in the September quarter, India's economy probably fared slightly better in the December quarter, before suffering a relapse due to the impact of the coronavirus globally, analysts said.  ...

Facebook bans ads with false claims about new virus

by AIP Online Bureau | Feb 27, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  San Francisco: Facebook said Wednesday that it is banning ads that make false claims about products tied to the new coronavirus.   The social network said it is removing ads that feature a product and imply a limited supply, seeking create a sense of...

Coronavirus vaccine won’t be ready for a year, says US govt

by AIP Online Bureau | Feb 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

New York: The Donald Trump administrations health experts leading the coronavirus response cautioned that a vaccine wont be ready for widespread use for at least a year and warned that the virus may last more than just a season and return next year which makes vaccine...

Sensex, Nifty fall for fifth day as pandemic fears unnerve investors

by AIP Online Bureau | Feb 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  BENGALURU: Indian shares fell for a fifth straight session on Thursday as investors shunned riskier assets on fears that the coronavirus outbreak is fast developing into a pandemic. The Nifty fell 0.5% to 11,622 by 0400 GMT and the Sensex declined 0.34% to...
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