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GIC Re overhauls its business portfolios for profitability , appoints KPMG to modernise HR

GIC Re overhauls its business portfolios for profitability , appoints KPMG to modernise HR

by AIP Online Bureau | May 23, 2022 | Indian News, Non-Life, Reinsurance, Technology

Devesh Srivastava,CMD, GIC Re GIC Re, one of top 15 global reinsurers and third largest Asian Reinsurer, is currently undertaking major restructuring of its business portfolios to provide major focus on topline growth, said Devesh Srivastava,CMD, GIC Re KPMG will act...

Covid-19: INSACOG confirms presence of BA.4, BA.5 Omicron variants in India

by AIP Online Bureau | May 22, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life

“A-19-year-old female in Tamil Nadu has been found infected with the BA.4 variant of SARS-CoV-2,” said INSACOG in a statement, adding that the patient has shown only mild clinical symptoms and has been fully vaccinated and has no travel history New Delhi:...
India considering spending additional $26 billion to fight inflation

India considering spending additional $26 billion to fight inflation

by AIP Online Bureau | May 22, 2022 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

India’s retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high, posing a major headache for Prime Minister Narendra Modi’s government ahead of elections to several state assemblies this year The...

MFs collect Rs 1.08 lakh cr via 176 NFOs in FY22 on retail investors’ interest

by AIP Online Bureau | May 22, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

According to the data compiled by Morningstar India, there were 176 new fund offers (including closed-end funds and ETFs) in 2021-22. These managed to collect a staggering Rs 1,07,896 crore during their inception stage This was way higher than 84 NFOs floated in...

FPIs dump Indian equities worth over Rs 35,000 crore in May so far

by AIP Online Bureau | May 22, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

”Since the mother market, US, is weak and dollar is strengthening, FPIs are likely to continue selling in the near term,” V K Vijayakumar, Cheif Investment Strategist at Geojit Financial Services, said Himanshu Srivastava, Associate Director –...
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