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Here is a masonry blog layout with no sidebarMutual funds see muted 2022; expect better days in new year
The assets under management (AUM) of the mutual fund industry rose by 7 per cent or Rs 2.65 lakh crore in 2022. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base seen in 2021, data from the Association...
LIC may consider composite licence after passage of Insurance Laws (Amendment) Bill
The Bill, with proposed amendments to the Insurance Act 1938 and Insurance Regulatory and Development Authority Act, 1999, is expected to be tabled in Parliament in the upcoming Budget session starting next month, sources said. New Delhi:The country's largest insurer...
PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative
"In addition to the above, the taxpayer might face difficulty at various other fora like banks and other financial portals as PAN is one of the important KYC (know your customer) criterion for all kinds of financial transaction," the circular said New Delhi: The...
Surge in Covid cases strain Chinese hospitals
Wang Guangfa, a respiratory expert from Peking University First Hospital, told the Global Times on Saturday that as the virus spread to the communities in Beijing, more elderly people and those with underlying diseases have been infected and that the capital city has...
Global economic developments expected to complicate outlook for Indian economy: Finmin report
India has identified several priorities for its G20 presidency -- inclusive, equitable and sustainable growth; LiFE (lifestyle for environment), climate financing; circular economy; global food security; energy security; green hydrogen; disaster risk reduction and...
Sebi initiates study of fees, expenses charged by mutual funds
The policies would seek to balance the need for facilitating financial inclusion, encouraging new participants, leveraging economies of scale, encouraging adoption of technology, discouraging cross subsidisation across schemes, closing arbitrage opportunities if any,...
Reliance Capital: Hinduja Grp re-enters the fray with a higher offer of Rs 9,400 crore
Lenders will now take a call on whether they will accept Hinduja’s revised bid Analysts say Hinduja offer of Rs 9,000 crore cash upfront trumps Torrent bid of just Rs 4,000 crore cash and the balance to be paid to lenders in three equal instalments in year 3/4/5 with...
Epic winter storm brings frigid temps, snow and floods to US; over 200 million people affected
While it’s packing plenty of snow and frigid temperatures, the storm is mostly noteworthy for its size and speed. Snow, blizzard, freezes and flood warnings and advisories stretch across central and eastern US, its northern fringe and the Deep South, as well as into...
China shifts how it counts Covid deaths as crematoriums fill up
According to the latest guidelines from the National Health Commission, only those whose death is caused by pneumonia and respiratory failure after contracting the virus are classified as Covid deaths, said Wang Guiqiang, a top infectious disease doctor.He said those...
Omicron subvariant XBB jumps to 18% of U.S. COVID cases – CDC
The XBB variant has been driving up cases in parts of Asia, including Singapore. While some experts have said it is more transmissible, it has not resulted in a surge in hospitalizations The highly contagious Omicron subvariant XBB jumped 18% in national dominance and...
India will take 20 yrs, 8-9% growth to become developed nation: Rangarajan
In order to reach the level of an upper middle-income country, the per capita income will have to be at a minimum of USD 13,205 and that will take more than two decades of strong growth of between 8 to 9 per cent to achieve it. Achievement of a USD 5 trillion economy...
RT-PCR test mandatory for arrivals from China, 4 other nations: Union Health Minister Mandaviya
"The RT-PCR test to be mandatory for international arrivals from China, Japan, South Korea, Hong Kong and Thailand. On arrival, if any passenger from these countries is found symptomatic or tests positive for Covid-19 infection, then he/she will be put under...
India doesn’t need to ban int’l flights, impose lockdown right now: Experts
"Overall, there is no increase in Covid caseload and India currently is in a comfortable situation. Under present circumstances, there is no need to restrict international flights or impose a lockdown," Dr Randeep Guleria, a former AIIMS director, told PTI on Friday...
Researchers discover Artificial intelligence tool that helps in cancer surgery
"We are using the power of artificial intelligence to address an age-old problem at the intersection of surgery and pathology," said corresponding author Faisal Mahmood, PhD, of the Division of Computational Pathology at BWH The surgical procedure is frequently not...
Monitor Influenza-like and Severe Acute Respiratory Illness district-wise: Health Ministry to States, UTs
Rajesh Bhushan,Union health secretary In a letter written to additional chief secretaries, Administrators of all the states and union territories, Union health secretary Rajesh Bhushan said, "Considering the upcoming festive season and New Year celebrations, there was...
Ministry asks banks to cease from using unethical practices to sell insurance policies
There have been instances where life insurance policies were sold to customers aged above 75 years in Tier II-III cities. Usually, branches of the banks push products of their subsidiary insurers. The department has already issued a circular wherein it has been...
Investors’ wealth erode by Rs 15.77 lakh cr in four days
''Besides spurt in Covid cases in China and Japan, the better-than-expected US Q3 GDP numbers further raised concerns that the Fed will go for more rate hikes to tame inflation, which further accentuated selling pressure in the markets,'' said Amol Athawale, Deputy...
Chinese EV firm Xpeng Aeroht’s $1,40,000 car can fly over traffic jams
“The flying car is approaching reality and we think it was the right time to chip in,” Brian Gu, Xpeng’s president, said on the sidelines of the Dubai event, called GITEX In fact, the model is designed to be driven on the road for more than 90% of the time and only...