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Nifty50 ETFs’ assets base crosses Rs 1 trn, asset under management Rs 2 trn

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News

  New Delhi: The National Stock Exchange (NSE) on Wednesday said asset base of all the exchange-traded funds (ETFs) tracking Nifty 50 index in the country has crossed Rs 1 trillion, which indicates growing investors' interest in such products. Also, the total...

Airlines in India seek $1.5 bn in interest-free credit line, says govt

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic

Airlines in India are seeking at least $1.5 billion as an interest-free credit line from the government, Civil Aviation Minister Hardeep Singh Puri said, as lockdowns and restrictions linked to the coronavirus pandemic hit demand for air travel. The carriers in what...

Despite market volatility, LIC made Rs 13k cr profit in equity till Aug: MD

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News, Life, Pandemic

  Mumbai: Life Insurance Corporation (LIC), which is preparing for its Initial Public Offer (IPO) despite volatility in the stock market, has already made a profit of Rs 13,000 crore from its equity portfolio till August this year, a top official said on...

Automation key biz tool to maximise efficiency in finance functions: Report

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Facts, Technology

  New Delhi: Automation is a key tool for businesses that are expecting finance functions to maximise the operational efficiency and minimise the time spent on non-value activities, according to a report. In a joint report released on Wednesday, the Institute of...

Sri Lanka seeks at least $1.9 million damage from owner of fire-hit tanker

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, International News, Non-Life

  COLOMBO/NEW DELHI: Sri Lanka is seeking at least 340 million rupees ($1.9 million) from the owner of the stricken oil supertanker New Diamond for assistance given to the vessel since it caught fire on Sept. 3, the coordinating officer to the country’s...
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