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Tatas slash Air India’s insurance policy by 20%, pay $35 million prm to renew a $ 8 billion cover

Tatas slash Air India’s insurance policy by 20%, pay $35 million prm to renew a $ 8 billion cover

by AIP Online Bureau | Apr 25, 2022 | Indian News, Non-Life

`AI’s reduced cover excluding war cover for Russia and Ukraine region has been successfully placed in the London market  with a manageable premium just before Apr 1, the renewal date for the cover,’’ confirmed London market sources AIG continues to be the...

Private sector to drive growth of National Pension Scheme: Study paper

by AIP Online Bureau | Apr 24, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security

“Our demographic structure, with a greater proportion of younger people, favors a phase of accumulation. Since longevity is inching up, so also the need for a steady stream of income is increasing to mitigate old-age poverty. Further, as the traditional family...
PM Modi to chair COVID review meeting with CMs on April 27

PM Modi to chair COVID review meeting with CMs on April 27

by AIP Online Bureau | Apr 24, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy

Prime Minister Narendra Modi As per data available with the Ministry of Health and Family Welfare, today India’s Cumulative COVID-19 vaccination coverage exceeds 187.67 crores, with over 2.65 crore first doses of COVID vaccines administered for the age group...

Covishield found ineffective against Omicron, booster a must: Study

by AIP Online Bureau | Apr 24, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

The Indian Council of Medical Research-National Institute of Virology scientists concluded the report saying that the fight against Covid-19 is far from over. Although vaccine boosters or third doses have shown an augmentation in the immune response against the...

1 in 4 hospitalised Covid patients feel fully recovered after a year: Study

by AIP Online Bureau | Apr 24, 2022 | Facts, Health, Pandemic

“We found female sex and obesity were major risk factors for not recovering at 1 year,” said researcher Rachael Evans from the University of Leicester in the UK One year after having Covid-19, only around one in four patients, who were hospitalised, felt...

RBI imposes Rs 36 lakh fine on Central Bank of India for violating customer protection norms

by AIP Online Bureau | Apr 24, 2022 | Banking & Bancassurance, Indian News, Regulation

It revealed non-compliance with the relevant directions to the extent the bank failed to credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer’s account within 10 working days from the date of notification by the...
Luxury carmakers see accelerated demand for premium-end models in India

Luxury carmakers see accelerated demand for premium-end models in India

by AIP Online Bureau | Apr 24, 2022 | Eco/Invest/Demography, Non-Life, Technology

”In the last couple of months, I would say the trend started from last year, the demand on the C and D segment, which is cars above Rs 70-75 lakh, the growth in that segment is even more than the volume-segment growth for us,” Audi India Head Balbir Singh...

WTTC launches ‘Hotel Sustainability Basics’ initiative to ensure responsible travel and tourism

by AIP Online Bureau | Apr 24, 2022 | Eco/Invest/Demography, International News, Technology

The report, ‘Destination 2030: Global cities’ readiness for sustainable tourism growth’, said that prior to the pandemic, the sector had been outpacing the global economy for almost a decade, with an annual average growth of 4.3 per cent compared to 2.9 per cent...
Digital transactions worth Rs 20k cr seen daily: PM

Digital transactions worth Rs 20k cr seen daily: PM

by AIP Online Bureau | Apr 24, 2022 | Eco/Invest/Demography, Indian News, Technology

Prime Minister Narendra Modi ”Now digital transactions worth Rs 20,000 crore are taking place daily in our country. In March, UPI (Unified Payments Interface) transactions even reached Rs 10 lakh crore,” he said New Delhi: Prime Minister Narendra Modi on...

FPIs withdraw Rs 12,300 cr from equities in Apr on US Fed rate hike fears

by AIP Online Bureau | Apr 24, 2022 | Workplace/Employee Benefits

”The fears of an aggressive rate hike by the US Fed, continue to dent investor sentiments. This could have prompted investors to again adopt a cautious stance towards their investments in emerging markets like India,” said Himanshu Srivastava, Associate...
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