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FPI selling extends to 8th straight month, pulls out over Rs 6k-cr in May

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

FPIs remained net sellers for seven months to March 2022, withdrawing a massive net amount of Rs 1.65 lakh crore from equities The ongoing geopolitical environment following Russia’s invasion of Ukraine also weighed on FPIs buying sentiment New Delhi: Continuing...

Govt aims to develop vehicle scrapping facilities within 150 kms from city centres

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Indian News, Non-Life

”Developing a large number of vehicle scrapping centres, we can also develop multiple authorized collection centres of vehicle scrapping units in one city, which will have the authority to deregister a vehicle and issue deposit certificates,” he said New...
Indian states ready with plans to mitigate heatwave impact, official says

Indian states ready with plans to mitigate heatwave impact, official says

by AIP Online Bureau | May 7, 2022 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life

The National Disaster Management Authority (NDMA) has categorised 23 of India’s 28 states and some 100 cities and districts as being at risk of suffering extreme heat. Nineteen states have already made their own heat-action plans and some others are working on...

Amazon, Citi, other companies take stance on abortion rights in US with travel benefit

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Health, Non-Life, Policy, Workplace/Employee Benefits

The issue has gained urgency now that 31 states have introduced abortion bans this year, according to policy analysis by research group Guttmacher Institute By offering support for employees who may need to travel out of state for abortions, Yelp and other companies...
Faulty battery cells, modules likely caused e-scooter fire in India, initial probe finds

Faulty battery cells, modules likely caused e-scooter fire in India, initial probe finds

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Non-Life, Technology

“As per the preliminary assessment of these experts, there was no fault of the Ola battery management system at all and it was likely an isolated thermal incident,” a company spokesperson said in a statement India wants e-scooters and e-bikes to make up...
LIC IPO’s retail portion fully subscribed on day 3; offer closes on Monday

LIC IPO’s retail portion fully subscribed on day 3; offer closes on Monday

by AIP Online Bureau | May 7, 2022 | Indian News, Life, Wealth Management/ Philanthropy

Retail individual investors bid for 8.53 crore shares as against 6.9 crore shares set aside for this segment — translating into oversubscription of 1.23 times Of the total, the policyholders’ portion was subscribed a little over four times, while that for...

Global tech industry body seeks revision in India’s directive on reporting of cyber security breach

by AIP Online Bureau | May 6, 2022 | Eco/Invest/Demography, Indian News, Technology

ITI has raised concerns over the mandatory reporting of breach incidents within six hours of noticing, to enable logs of all ICT systems and maintain them within Indian jurisdiction for 180 days, the overbroad definition of reportable incidents and the requirement...
Financial firms face $225 billion in water-related losses, analysis estimates

Financial firms face $225 billion in water-related losses, analysis estimates

by AIP Online Bureau | May 6, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

The U.N. has warned of a 40% shortfall in supply by 2030 if water consumption and production patterns do not change and so-called water risk, through flood, drought or pollution, is set to become a growing issue for companies over the next decade By underestimating...
EU citizens may sue countries for health-damaging dirty air, top court adviser says

EU citizens may sue countries for health-damaging dirty air, top court adviser says

by AIP Online Bureau | May 6, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News, Policy

The opinion concerns a case brought by a Paris resident seeking 21 million euros in compensation from the French government, on the grounds that air pollution damaged his health and the government failed to ensure compliance with EU limits BRUSSELS: Citizens in...

Validity of models, methodology of data collection questionable: India on WHO COVID deaths report

by AIP Online Bureau | May 6, 2022 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy

In a report released on Thursday, the WHO estimated that nearly 15 million people were killed either by the coronavirus or by its impact on overwhelmed health systems in the past two years, more than double the official death toll of 6 million According to the WHO...
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