Category

Emerging market inflows increase ninefold in June -IIF

Facts       Jul 01, 2020

NEW YORK: Portfolio inflows to emerging markets jumped to $32.1 billion in June from $3.5 billion in May, the bulk of it in debt securities, the Institute of International Finance said on Wednesday.   Debt flows accounted for $23.5 billion of total, while Chinese equities attracted...

Atul Sahay, CMD, New India Assurance  

New India Assurance turns profitable in Q4 FY 2019-20,records a net profit of Rs 113 crore

Indian News       Jun 30, 2020

,   Mumbai: With significant improvements in all of its vital parameters,the listed New  India Assurance(NIA)  has recorded a net profit of Rs113 crore in the March quarter as against  a loss of Rs 268 crore in the year-ago period.   The company which finalised its results...

Patanjali takes a u-turn; says never claimed to have made Covid-19 medicine

Facts       Jun 30, 2020

  New Delhi: Patanjali Ayurved on Tuesday said that it never claimed to have made medicine for coronavirus. The Haridwar-based organisation has withdrawn from its earlier claim, in reply to the notice given by Uttarakhand Ayush Ministry. "Patanjali has never claimed to make corona medicine.Rather, corona...

IRDA likely to implement new Indian Accounting Standard in the insurance sector soon

Indian News       Jun 30, 2020

  Hyderabad: The insurance regulator IRDA has indicated that Implementation of the new accounting system - the Indian Accounting Standard (abbreviated as Ind-AS)- in the domestic  insurance sector is likely happened in mid 2020. In its recent board meeting the IRDA discussed, the status of implementation...

Indian Gen Z,millennials will wait to return to work: LinkedIn

Facts       Jun 30, 2020

  As the business landscape resumes, older professionals appear keen on stepping out into the post Covid-19 world while younger professionals are not rushing to embrace it.   The findings reaffirmed this difference in perception as 38 per cent of Gen X and 29 per cent of...

Covid-19 Pandemic:Tally rises to 5,66,840, general and health insurers receive 28,000 claims for Rs 445 crore

Indian News       Jun 30, 2020

  New Delhi: With India's COVID-19 tally climbed to 5,66,840 on Tuesday, the general insurers have received 28,000 claims for Rs 445 crore, on account of treatment of virus infected policyholders, till Monday.   Along with the rapid rise of Covid-19 cases in the last fortnight, the...

No return to pre-pandemic job levels in 2020 - ILO

Facts       Jun 30, 2020

GENEVA: The outlook for the global labour market in the second half of 2020 is “highly uncertain” and the forecast recovery will not be enough for employment to return to pre-pandemic levels this year, the International Labour Organization said on Tuesday.   In its latest report,...

Prime Minister Narendra Modi

PM Modi extends free ration scheme for poor till November amid COVID-19 crisis

Indian News       Jun 30, 2020

NEW DELHI: Prime Minister Narendra Modi on Tuesday announced extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a free ration scheme, for 80 crore people across the country till end of November.   In a televised address to the nation, Modi also said the...

India accounts for 45.8 million of the world’s ‘missing females’:UN report

Facts       Jun 30, 2020

  United Nations: India accounts for 45.8 million of the world’s 142.6 million “missing females” over the past 50 years, a report by the United Nations said on Tuesday, noting that the country along with China form the majority of such women globally.   The State of...

Security beefed up near Taj Mahal Palace, Hotel Colaba After bomb threat from Pakistan

Indian News       Jun 30, 2020

  Mumbai:  Police have beefed up security outside the Taj hotel in south Mumbai after the Karachi Stock Exchange terror attack, a senior official said on Tuesday. The iconic hotel in Colaba area was among the targets of Pakistani terrorists during the 26/11 Mumbai terror attack.  ...