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Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore

Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore

by AIP Online Bureau | Aug 3, 2026 | Indian News, Life, Policy, Wealth Management/ Philanthropy

“Offer for Sale in LIC opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 2.5% equity with an additional 4% as a green shoe option. Floor price has been fixed as Rs 382 per share. This will help achieve...
GI Council defends fever admission advisory, says it controls misuse by hospitals and inflating of premiums

GI Council defends fever admission advisory, says it controls misuse by hospitals and inflating of premiums

by AIP Online Bureau | Aug 3, 2026 | Health, Indian News, Non-Life

Between 2019 and 2024, unnecessary hospital admissions have surged dramatically. Data shows Rs 94,247.6 crore in total health claims settled in 2024–25, with cashless-only admissions accounting for 66.4 per cent of the volume.The insurance industry receives hundreds...
No plan to monetise subsidiaries, focus on enhancing their value: PNB MD

No plan to monetise subsidiaries, focus on enhancing their value: PNB MD

by AIP Online Bureau | Aug 2, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

He said all subsidiaries also are well capitalised whether the PNB MetLife India Insurance, PNB Housing Finance or PNB Gilts. NEW DELHI: With its capital adequacy ratio exceeding 18 per cent, Punjab National Bank has no immediate plans to monetise its subsidiaries,...
India forecasts below-average August monsoon rainfall

India forecasts below-average August monsoon rainfall

by AIP Online Bureau | Aug 2, 2026 | Eco/Invest/Demography, Indian News

Mrutyunjay Mohapatra, director-genera,⁠India Meteorological Department, Moderate El Nino conditions are prevailing and are expected to strengthen gradually, with the weather pattern likely to become strong by September MUMBAI: India is likely to receive below-average...
FSSAI acts against liquor makers over flavour, labelling violations

FSSAI acts against liquor makers over flavour, labelling violations

by AIP Online Bureau | Aug 2, 2026 | Eco/Invest/Demography, Health, Indian News, Regulation

The Ministry said laboratory testing of rum and whisky samples from multiple manufacturers found the presence of external artificial or nature-identical flavours. It quoted laboratory findings as saying that “the addition of artificial flavours is masking its...
Ebola outbreak in DR Congo spiralling out of control: WHO

Ebola outbreak in DR Congo spiralling out of control: WHO

by AIP Online Bureau | Aug 2, 2026 | Eco/Invest/Demography, Health, International News

The continued increase in cases, expanding geographic spread, and persistently high mortality underscore the rapidly evolving nature of this public health emergency. The World Health Organisation (WHO) has warned that the Ebola outbreak in the Democratic Republic of...
India records over 265 million cyberattack attempts: Report

India records over 265 million cyberattack attempts: Report

by AIP Online Bureau | Aug 2, 2026 | Data, Eco/Invest/Demography, Technology

It noted that the Indian Computer Emergency Response Team (CERT-In) recorded more than 29.44 lakh cybersecurity incidents in 2025. India’s rapidly expanding digital ecosystem is facing an increasingly sophisticated wave of cyber threats, with more than 265...
India’s passenger vehicle market logs robust July sales at nearly 4.7 lakh units

India’s passenger vehicle market logs robust July sales at nearly 4.7 lakh units

by AIP Online Bureau | Aug 2, 2026 | Data, Eco/Invest/Demography, Technology

Overall, passenger vehicle industry witnessed robust growth in July as leading automakers posted strong year-on-year sales, led by sustained demand for SUVs, a sharp rise in electric vehicle sales and healthy export momentum. New Delhi:Buoyed by tax relief and GST...

by AIP Online Bureau | Aug 1, 2026 | Workplace/Employee Benefits

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Drone strike in Egypt sparks security concerns about Suez oil exports

Drone strike in Egypt sparks security concerns about Suez oil exports

by AIP Online Bureau | Aug 1, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“The passage through the Red Sea, even via the longer Mediterranean route, could be put at risk, which threatens up to five million barrels per day of oil supply that can currently bypass the Strait of Hormuz,” said Saul Kavonic, head of energy research at...
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