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Retail auto sales weak in December due to lower discounts, farmers protest: Report

by AIP Online Bureau | Dec 28, 2020 | Eco/Invest/Demography, Indian News

  Mumbai, Dec 28: Farmers protest, lower discounts, especially for passenger vehicles compared to last year coupled with exhaustion of pent up demand, among others, resulted in weak auto retail sales in December, according to a report. Brokerage Dolat Capital in...

Farmers’ protest: Over 1,500 telecom towers damaged in Punjab, services hit

by AIP Online Bureau | Dec 28, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

  New Delhi: More than 1,500 telecom towers in Punjab have been damaged by farmers protesting against the three farm laws, disrupting services in some pockets, sources said. Power supply to towers that relay telecom signals was snapped and cables cut in several...

LIC sells 2% stake in pvt lender ICICI Bank via open market transactions

by AIP Online Bureau | Dec 28, 2020 | Eco/Invest/Demography, Health, Indian News

Mumbai: Country's largest insurer Life Insurance Corporation (LIC) has sold 2 per cent stake in private sector lender ICICI Bank through open market transactions. The insurer sold 13.8 crore shares, representing 2.002 per cent stake of ICICI Bank, over a period of...

 MHA issues fresh Covid-19 guidelines over UK virus variant, says need to be vigilant

by AIP Online Bureau | Dec 28, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy

  New Delhi,Dec 28: The Centre on Monday maintained the COVID-19 restrictions on various activities, noting that while there has been a continuous decline in active cases in India, there is a need for surveillance, containment and caution due to a surge globally...

IRDA asks general & health insurers to launch “standard travel product’’ from April 1, 2021

by AIP Online Bureau | Dec 28, 2020 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Non-Life

  Hyderabad, Dec 28: Continuing its effots to improve insurance penetration through more standard products for the customers, the insurance regulator IRDAI has asked all the general insurers and health insurers to launch a mandatory( for the specified insurers)...
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