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India poised to become world’s third largest consumer market by 2026 outpacing Germany, Japan

by AIP Online Bureau | May 10, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Euromonitor data reveals that in 2023, around 40 million individuals, constituting 4 per cent of the population aged 15 years and above, belonged to the affluent category, with an annual income exceeding USD10,000 India is set to solidify its position as a global...

ICMR releases dietary guidelines, says 56% diseases in India liked to diet

by AIP Online Bureau | May 10, 2024 | Eco/Invest/Demography, Health, Indian News, Risk Management

”A significant proportion of premature deaths can be averted by following a healthy lifestyle,” it said, adding that the upsurge in the consumption of highly processed foods laden with sugars and fats, coupled with reduced physical activity and limited...

ICICI Bank raises stake in ICICI Lombard General Insurance

by AIP Online Bureau | May 10, 2024 | Briefs, Wealth Management/ Philanthropy

Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions at an average price of Rs 1,722.5 apiece. Bharti Enterprises Ltd sold 38.50 lakh shares, amounting...

Household savings decline due to rising home, auto, personal loans

by AIP Online Bureau | May 9, 2024 | Data, Eco/Invest/Demography, Policy

Chief Economic Advisor V Anantha Nageswaran attributed the decline to a shift in portfolio where savings were being channelised to real assets NEW DELHI: Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of...

El Nino to end by June, La Nina seen in second half of 2024, says U.S. forecaster

by AIP Online Bureau | May 9, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Hot, dry weather in Asia during El Nino last year prompted top rice supplier India to restrict exports following a poor monsoon, while wheat output in No.2 exporter Australia took a hit. But heavier rains in parts of the Americas boosted farm output prospects in...
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