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Major Chinese cities impose COVID-19 restriction as cases spike

by AIP Online Bureau | Mar 14, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

The situation is not at ease even in the autonomous region of Hong Kong. About 300,000 Covid-19 patients and their close contacts in Hong Kong are now under home quarantine, according to the city’s Chief Executive Carrie Lam Beijing: Amid a rapid resurgence of...
China faces consequences if it helps Russia evade sanctions over Ukraine – Sullivan

China faces consequences if it helps Russia evade sanctions over Ukraine – Sullivan

by AIP Online Bureau | Mar 13, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

U.S. National Security Adviser Jake Sullivan “We are communicating directly, privately to Beijing, that there will absolutely be consequences for large-scale sanctions, evasion efforts or support to Russia to backfill them,” Sullivan said. “We will...
Insurer AIA launches $10-bln buyback on strong 2021 growth

Insurer AIA launches $10-bln buyback on strong 2021 growth

by AIP Online Bureau | Mar 13, 2022 | International News, Life

The Asia-focussed insurer’s value of new business or VONB, which measures expected profit from new premiums and is a key gauge for future growth, rose to $3.37 billion for the year ended Dec. 31, from $2.77 billion a year earlier China and Hong Kong accounted...
Govt has time till May 12 for LIC IPO without seeking fresh Sebi approval

Govt has time till May 12 for LIC IPO without seeking fresh Sebi approval

by AIP Online Bureau | Mar 13, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

The official further said that although the market volatility has reduced in the last fortnight , it would wait for the market to stabilise further so that retail investors get confidence to invest in the stock. LIC has reserved up to 35 per cent of its total IPO size...

FPI selling continues for 6th straight month; net outflows at Rs 45,608 cr in March so far

by AIP Online Bureau | Mar 13, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Foreign portfolio investors (FPIs) fear that India would be impacted more by commodity price hikes, particularly in crude oil, since India is a major importer, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services Mumbai: Continuing their...

Indian Gold imports surge 73% to $45 bn in April-Feb this fiscal on higher demand

by AIP Online Bureau | Mar 13, 2022 | Data, Eco/Invest/Demography

India is the world’s second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry Commenting on rising gold imports, Gem and Jewellery Export Promotion Council (GJEPC) Chairman Colin Shah said monthly average...
Registered facility needs to verify vehicle records digitally for scrapping, says draft policy

Registered facility needs to verify vehicle records digitally for scrapping, says draft policy

by AIP Online Bureau | Mar 13, 2022 | Indian News, Policy

Necessary checks to be done from “Vahan ” database before submission of application by vehicle owner have been specified. These checks include surrender of hire-purchase, lease or hypothecationagreement of the vehicle, no criminal record against the...
Auto cos will begin manufacturing flex-fuel vehicles within 6 mths: Gadkari

Auto cos will begin manufacturing flex-fuel vehicles within 6 mths: Gadkari

by AIP Online Bureau | Mar 13, 2022 | Indian News, Technology

According to Minister for Road Transport & Highways Nitin Gadkari, soon most vehicles in India will run on 100 per cent ethanol Last year in December, the government had issued an advisory to carmakers to introduce flexible-fuel engines in vehicles Gadkari also...

India needs $ 20 billion investments each year to achieve climate targets: Report

by AIP Online Bureau | Mar 12, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

The narrative around ESG has changed significantly over the last couple of years, from being seen as compliance imperative to taking the centre stage at boardroom discussions and driving investment and business strategy decisions, FICCI said in a statement New Delhi;...
Cyber crime to cost economies $10 trn by 2025: MS official

Cyber crime to cost economies $10 trn by 2025: MS official

by AIP Online Bureau | Mar 12, 2022 | Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

”Cyber security is the biggest threat to digital transformation and to the planet. Cyber crime costs economies more than USD 6 trillion each year today and that is expected to reach nearly USD 10 trillion by 2025” New Delhi; Microsoft India President Anant...
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