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India set to reject oil tankers sanctioned by US for transporting Russian oil

by AIP Online Bureau | Jan 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management

A senior Indian bureaucrat told reporters that sanctioned vessels won’t be allowed to discharge. That excludes ships chartered before Jan. 10, provided they unload by March 12. Indian banks will demand certificates of origin to ensure crude doesn’t come from...

Investors become poorer by Rs 12 lakh cr in three days of market fall

by AIP Online Bureau | Jan 10, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

“Consolidation may persist in the near term, yet investors are closely watching the US non-farm payroll data today for further guidance,” Vinod Nair, Head of Research at Geojit Financial Services, said Foreign Institutional Investors (FIIs) offloaded...

FIIs remain net buyers through primary market in 2024

by AIP Online Bureau | Jan 4, 2025 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

In 2024, FIIs sold equity heavily for Rs 121,210 crore but they bought equity for Rs 121,637 crore through the primary market. Therefore, FIIs have net bought for Rs 427 crores in 2024.For the month of December, FIIs sold equity for Rs 2,590 crore through the...

Over 42 lakh new investors join Indian stock market in November

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

Among states, Maharashtra currently leads with the highest number of accounts at over 3.7 crore, followed by Uttar Pradesh (2.28 crore), Gujarat (1.87 crore) and Rajasthan and West Bengal at over 1.2 crore each, as per the NSE data Mumbai: A record 42,76,207 investors...
Fair price of vehicles to be scrapped will be decided by market forces, no govt intervention: Nitin Gadkari

Fair price of vehicles to be scrapped will be decided by market forces, no govt intervention: Nitin Gadkari

by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, Indian News, Policy

Nitin Gadkari, Union Minister for Road Transport and Highways To ease the economic burden on citizens, especially low-income groups, incentives are provided for scrapping vehicles. These include waiving registration fees for new vehicles purchased with a...
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