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Dollar millionaires in India rise 11% in pandemic-hit 2021: Survey

by AIP Online Bureau | Feb 18, 2022 | Indian News, Wealth Management/ Philanthropy

The survey of 350 such dollar millionaires also indicated that the number of those who classify themselves as happy in personal and professional lives slipped to 66 per cent in 2021, down from 72 per cent in the previous year. The report estimated the number of Indian...

Omicron subvariant BA.2 may cause severe disease, lab study suggests

by AIP Online Bureau | Feb 18, 2022 | Facts, Health, Pandemic

“Neutralisation experiments show that the vaccine-induced humoral immunity fails to function against BA.2 like BA.1,” the authors of the study said The BA.2 subvariant of the Omicron coronavirus variant is not only faster at spreading, but may also cause...
LIC likely to launch $8-bn IPO on March 11: Report

LIC likely to launch $8-bn IPO on March 11: Report

by AIP Online Bureau | Feb 18, 2022 | Indian News, Life, Wealth Management/ Philanthropy

Shares of the state-run insurer could be priced between Rs 2,000 to Rs 2,100 each Roadshows have begun and pricing could change after assessing investor appetite and discussions with the government, reported Bloomberg A public offering of shares by India’s...

Cargo ship with Lamborghinis, Porsches, Audis aboard drifts in Atlantic

by AIP Online Bureau | Feb 18, 2022 | Disaster & Management, International News, Non-Life, Reinsurance

An internal email from Volkswagen’s U.S. operations revealed there were 3,965 Volkswagen AG vehicles aboard the ship. Headquartered in Wolfsburg, Germany, the group manufactures its Volkswagen brand, as well as Porsche, Audi, and Lamborghini- all of which were...

China changing tune as birth rate drops to record low, faces challenge of ageing population

by AIP Online Bureau | Feb 18, 2022 | Eco/Invest/Demography, International News

In 2021, 267 million people were aged 60 and above in China as compared to 264 million in 2020. On the other hand, as per some demographers, the working-age population might fall to half by 2050 “For the Chinese history, 2021 will go down as the year when China...
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