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PM Modi to launch India’s first international bullion exchange in Gift City

PM Modi to launch India’s first international bullion exchange in Gift City

by AIP Online Bureau | Jul 29, 2022 | Eco/Invest/Demography, Indian News, Regulation, Technology, Wealth Management/ Philanthropy

This exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India, a statement by the IFSC Authority said. Ahmedabad: Prime Minister Narendra Modi will...

FAO warns 90 per cent of Earth’s topsoil at risk by 2050

by AIP Online Bureau | Jul 29, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

The five key actions that FAO has called for, tasks civilians, governments and international institutions, with taking greater action to monitor and care for soil One achievement of GSP, thus far, has been the partnership with farmers and local governments to enhance...
Component failures in aircrafts do not imply compromising passenger safety, says DGCA chief

Component failures in aircrafts do not imply compromising passenger safety, says DGCA chief

by AIP Online Bureau | Jul 28, 2022 | Indian News, Regulation

Arun Kumar, Director General of Directorate General of Civil Aviation “We are doing everything possible to ensure that our flying remains safest and for that, we never ever shy off from biting the bullet. Strict enforcement action is taken wherever required. As...
Govt launches 11th agricultural census 2021-22; to use smartphones, tablets for data collection

Govt launches 11th agricultural census 2021-22; to use smartphones, tablets for data collection

by AIP Online Bureau | Jul 28, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Policy

“This is the time to make full use of technology in this computation. He said that Agriculture Census should be thought of in a broader perspective. Agricultural computations can also contribute to the mapping of crops so that the country gets its...
India’s SpiceJet says airplane aborted Mumbai takeoff due to caution alert

India’s SpiceJet says airplane aborted Mumbai takeoff due to caution alert

by AIP Online Bureau | Jul 28, 2022 | Indian News, Non-Life, Risk Management

The plane was “almost at full speed” on the runway when it was suddenly stopped and the pilot aborted the takeoff, announcing later it was a technical problem, Vishal Vikram, one of the passengers on board, told Reuters New Delhi: A SpiceJet airplane was...

SBI Life net income rises 18 pc to Rs 263 crore on strong sales, margin expansion

by AIP Online Bureau | Jul 28, 2022 | Indian News, Life

The life insurer’s Value of New Business (VNB) jumped 130 per cent to Rs 882 crore and the VNB margin soared 665 basis points to 30.4 per cent during the reporting period Mumbai: SBI Life on Thursday reported an 18 per cent growth in net profit at Rs 263 crore...
As credit demand grows, banks scramble for deposits

As credit demand grows, banks scramble for deposits

by AIP Online Bureau | Jul 28, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Life, Wealth Management/ Philanthropy

“In the next few months if the trend continues then we will have no other option but to raise deposit rates because the market conditions are also not very favourable for us to go to the market to raise growth capital,” said a senior executive at a...
Indian retail equity investment can continue for the next couple of decades: Morgan Stanley

Indian retail equity investment can continue for the next couple of decades: Morgan Stanley

by AIP Online Bureau | Jul 28, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Ridham Desai, managing director, Morgan Stanley India Company Despite a record rise in trading by retail investors over the past eight years, Indian households remain “dramatically” underweight in the asset class, with stocks comprising only 5%-6% share of their...
Bajaj Allianz General’s net profit surges 147 % to Rs 411 crore in Q1FY23 on higher investment income

Bajaj Allianz General’s net profit surges 147 % to Rs 411 crore in Q1FY23 on higher investment income

by AIP Online Bureau | Jul 28, 2022 | Indian News, Non-Life

The general insurer’s combined ratio stood at 104.6 per cent in Q1 FY23 as compared to 103.4 per cent in Ql FY22 mainly due to higher claims ratio The company’s investment and other income (net) for Q1 FY23 increased by 30 per cent y-o-y to Rs 612 crore...
Fed raises rates by 75 bps to tame inflation, flags weakening economic data

Fed raises rates by 75 bps to tame inflation, flags weakening economic data

by AIP Online Bureau | Jul 27, 2022 | Eco/Invest/Demography, International News

Jerome Powell,Chairman, US Fed Policy makers, facing the hottest cost pressures in 40 years, lifted the target for the federal funds rate on Wednesday to a range of 2.25% to 2.5%. That takes the cumulative June-July increase to 150 basis points — the steepest...
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