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Foreign investors withdraw Rs 6,300 crore from Indian stocks in April amid rising US bond yields

by AIP Online Bureau | Apr 28, 2024 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

“The positive factor is that all FPI selling in the equity markets is getting absorbed by DIIs, HNIs and retail investors. This is the only factor that may reign in FPI selling,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services After...
Elon Musk visits China as Tesla seeks self-driving technology rollout

Elon Musk visits China as Tesla seeks self-driving technology rollout

by AIP Online Bureau | Apr 28, 2024 | International News, Technology

The U.S. electric vehicle maker rolled out Full Self-Driving, or FSD, the most autonomous version of its Autopilot software, four years ago but has yet to make it available in China, its second-largest market globally, despite customers urging it to do so...
RCap lenders urge Hinduja Group arm to resolve IRDAI’s concerns early

RCap lenders urge Hinduja Group arm to resolve IRDAI’s concerns early

by AIP Online Bureau | Apr 28, 2024 | Indian News, Life, Non-Life, Regulation

According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approval on the resolution plan.The IRDAI has raised multiple queries and concerns over the...
Cholamandalam General Insurance reports a PBT of Rs 444 crore in FY 24

Cholamandalam General Insurance reports a PBT of Rs 444 crore in FY 24

by AIP Online Bureau | Apr 28, 2024 | Indian News, Non-Life

V. Suryanarayanan, MD&CEO, Cholamandalam General Insurance The insurer has recorded a gross written premium of Rs 7,598 crore for the financial year ending March 31, 2024.The company said due to the impact of natural calamities like Cyclone ‘Biparjoy’,...

Indian economy remains in bright spot: Ministry of Finance

by AIP Online Bureau | Apr 28, 2024 | Eco/Invest/Demography, Indian News, Policy

“While a record Rabi crop will help in moderating cereal prices, the increasing occurrence of weather shocks poses an upside risk to food prices. Geopolitical tensions and their effect on oil prices add to this risk. However, Kharif crop prospects look bright at...
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