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Financial bids for IDBI Bank likely to be invited by March, sale process to conclude next fiscal: Officials

Financial bids for IDBI Bank likely to be invited by March, sale process to conclude next fiscal: Officials

by AIP Online Bureau | Oct 10, 2022 | Banking & Bancassurance, Indian News, Life

Private sector banks, foreign banks, Reserve Bank of India(RBI) registered non-banking finance companies, Sebi-registered Alternative Investment Funds (AIFs), a fund/investment vehicle incorporated outside India would be allowed to submit bids, either individually or...

Mutual funds assets rise to Rs 39.88 lakh cr in Sep on higher inflows into SIPs: Amfi

by AIP Online Bureau | Oct 10, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

According to the latest monthly data from the Association of Mutual Funds in India (Amfi) released on Monday, the industry wide net AUM stood at Rs 38.42 lakh crore in September. Amfi said the month also saw the highest-ever folio addition to 13.81 crore. The retail...
PM declares Modhera in Gujarat as India’s first 24×7 solar-powered village

PM declares Modhera in Gujarat as India’s first 24×7 solar-powered village

by AIP Online Bureau | Oct 9, 2022 | Climate, Environment, Renewable Energy, Indian News, Technology

Prime Minister Narendra Modi Making Modhera the country’s first round-the-clock solar-powered village involved developing a ground-mounted solar power plant and more than 1,300 rooftop solar systems on residential and government buildings, a government release...
Reliance’s brand new floating production system collides, no one injured

Reliance’s brand new floating production system collides, no one injured

by AIP Online Bureau | Oct 9, 2022 | Eco/Invest/Demography, Indian News, Risk Management

FPSO is a giant ship that not just has machinery to help produce oil and gas lying below the sea surface but also living quarters and work stations. Gangway is a raised platform or walkway providing a passage “Due to rough weather, the gangway from the...

Finance ministry mulls steps to curb cheque bounce cases: Report

by AIP Online Bureau | Oct 9, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said The other suggestions were treating cheque bounce as default of loan and...

New cancer treatments in ‘dark matter’ of human genome discovered by researchers

by AIP Online Bureau | Oct 9, 2022 | Facts, Health

Hallmarks are cellular behaviours that contribute to disease progression: Proliferation, metastasis formation and therapy resistance New cancer treatments in ‘dark matter’ of human genome discovered by researchersAscreening method to discover new drug...

Over 16,000 cancer deaths linked to COVID complications in US: Study

by AIP Online Bureau | Oct 9, 2022 | Data, Health, Pandemic

Compared to cancer deaths unrelated to COVID-19, cancer-COVID-19 complicated deaths were more likely to occur in large metropolitan areas, among males, those who were 85 years or older, and racial/ethnic minorities, the team said The researchers found that a higher...
IDBI Bank bidders need to seek MHA security clearance in the first stage of bidding process

IDBI Bank bidders need to seek MHA security clearance in the first stage of bidding process

by AIP Online Bureau | Oct 9, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

The DIPAM last week invited EoIs from prospective bidders of IDBI Bank offering to sell 60.72 per cent stake together with LIC. The last date for putting in bids is December 16 New Delhi: In a first, the government has made it mandatory for interested buyers of IDBI...
Car prices to rise as auto cos gear to comply with stricter emission norms

Car prices to rise as auto cos gear to comply with stricter emission norms

by AIP Online Bureau | Oct 9, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life

ICRA Vice President & Sector Head, (Corporate Ratings) Rohan Kanwar Gupta cautioned that as OEMs have been forced to take price hikes to counter inflation over the past 15-18 months, any further increase in the price of the vehicle could have a moderating impact...
Govt will make Assam flood-free in five years, Amit Shah assures people

Govt will make Assam flood-free in five years, Amit Shah assures people

by AIP Online Bureau | Oct 9, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

Amit Shah, Union Home Minister According to the July data of Assam State Disaster Management Authority (ASDMA), nearly 8.9 million people in the state were affected by the flood and landslides as it claimed 192 lives in the state till then and around 2.40 lakh...
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