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Major quake shakes north India, triggers panic

Major quake shakes north India, triggers panic

by AIP Online Bureau | Mar 21, 2023 | Indian News

According to the US Geological Services, the 6.5 magnitude quake had an epicentre 40 km south by south east of Afghanistan’s Jurm. It occurred at a depth of nearly 190 km New Delhi: Strong tremors jolted parts of north India, including Delhi-NCR, on Tuesday...

US studies ways to insure all bank deposits if crisis grows

by AIP Online Bureau | Mar 21, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation

Treasury Department staff are reviewing whether federal regulators have enough emergency authority to temporarily insure deposits greater than the current $250,000 cap on most accounts without formal consent from a deeply divided Congress, according to people with...
Credit Suisse crisis likely to make rich Indians nervous to deal with international wealth managers

Credit Suisse crisis likely to make rich Indians nervous to deal with international wealth managers

by AIP Online Bureau | Mar 21, 2023 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

This year, Citigroup Inc. exited its retail operations in India through a sale to Axis Bank, transferring all its wealth management business to the country’s third-largest private sector lender In addition, in the past decade, Credit Suisse’s new buyer — UBS AG,...
IndiaFirst Life gets SEBI approval for its IPO

IndiaFirst Life gets SEBI approval for its IPO

by AIP Online Bureau | Mar 21, 2023 | Indian News, Life, Regulation

The public issue consists of a fresh issue of equity shares worth up to Rs 500 crore and an offer-for-sale (OFS) up to 141,299,422 equity shares by promoter and selling shareholders Bank of Baroda will offload about 89,015,734 equity shares, while Carmel Point...

Odisha approves Rs 6,283 cr outlay to develop cyclone resilient network in coastal areas

by AIP Online Bureau | Mar 21, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

Around 70 per cent of the funds shall be invested for the development of the Cyclone Resilient Network which will ensure uninterrupted power supply to critical installations like hospitals, evacuation centres, water supply points, emergency control rooms and...
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