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Outflows in debt mutual funds continue, Rs 13,815-cr withdrawn in Feb

by AIP Online Bureau | Mar 13, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

”With the central bank’s focus on moderating inflation, the monetary policy has been tailored to ensure a disinflation process. Despite expectations around the February rate hike of 25 basis points likely being amongst the last, largely owing to a...
E-rupee worth over Rs 130 crore in circulation: Sitharaman

E-rupee worth over Rs 130 crore in circulation: Sitharaman

by AIP Online Bureau | Mar 13, 2023 | Eco/Invest/Demography, Indian News, Regulation, Technology

It is being distributed through financial intermediaries, i.e., banks. Users can transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones/devices. Institutional merchants like retail chains, petrol pumps etc. have also...
LIC’s debt exposure in Adani group cos dips marginally to Rs 6,183 cr as of March 5

LIC’s debt exposure in Adani group cos dips marginally to Rs 6,183 cr as of March 5

by AIP Online Bureau | Mar 13, 2023 | Eco/Invest/Demography, Indian News, Life

LIC’s exposure in Adani Power (Mundra) was Rs 266 crore, Adani Power Maharashtra Ltd – Phase I (Rs 81.60 crore), Adani Power Maharashtra Ltd – Phase III (Rs 254.87 crore), Raigarh Energy Generation Ltd (Rs 45 crore) and Raipur Energen Ltd (Rs 145.67...

Markel strengthens global downstream energy offering with two appointments

by AIP Online Bureau | Mar 13, 2023 | International News, Non-Life, Reinsurance

Markel’s downstream energy team has now grown to include five underwriters who collectively deploy $150m of capacity on each risk, which has increased from $25m when the team was formed in 2017. London: Markel International, a subsidiary of the Markel Corporation, has...

Talks underway on Black Sea grain deal extension in Geneva

by AIP Online Bureau | Mar 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The initiative, brokered by the United Nations and Turkey last July, is up for renewal on March 18. Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin aimed at discussing an extension to a deal allowing the export...
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