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Rise in households’ inflation expectations impacts their savings in bank term deposits: RBI paper

by AIP Online Bureau | Jan 14, 2022 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy

Especially in the case of a developing economy, it is desirable for households to save in financial instruments like debt or equity, which can be utilised further into production enhancing activities, the paper said. However, considering the still nascent stage of...

Canada opens probe into Tesla’s heating system on consumer complaints

by AIP Online Bureau | Jan 14, 2022 | International News, Technology

A number of Tesla owners complained that the heat pumps are failing in extreme cold temperatures, according to Drive Tesla Canada, a Tesla news provider. The report said the heating problems happened even after Tesla early last year replaced faulty sensors in heat...
After six-week surge, Africa’s Omicron-driven fourth pandemic wave flattens: WHO

After six-week surge, Africa’s Omicron-driven fourth pandemic wave flattens: WHO

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

WHO Director-General Tedros Adhanom Ghebreyesus voiced concern that even though more than 9.4 billion vaccine doses have now been administered globally, 90 countries did not reach the target of vaccinating 40 per cent of their populations by the end of last year, and...

WHO recommends two new drugs to treat patients with COVID-19

by AIP Online Bureau | Jan 14, 2022 | Facts, Health, Pandemic

According to the WHO Guideline Development Group, it is “strongly recommended” for patients with severe or critical disease in combination with corticosteroids. The group of international experts based their recommendation on “moderate certainty evidence” that it...

Equity-oriented funds drive MF assets to record high in 2021 at Rs 37.7 lakh cr : Report

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

2021 saw investors put a larger amount of their money in equity-oriented funds, drawn by the strong gains in the underlying equity markets. While equity funds got net inflows of Rs 91,000 crore, passive funds saw Rs 1.14 lakh crore coming in and hybrid funds Rs 1.02...

Money smarts arouse passion in millennials

by AIP Online Bureau | Jan 13, 2022 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy

According to a new survey from buy-now, pay-later company Affirm, millennials see the ability to manage finances as the No. 1 attractive trait in a partner The whipsawing economics of recent years have made millennials keenly aware of financial stability, even more so...

FOCUS-Life insurers adapt pandemic risk models after claims jump

by AIP Online Bureau | Jan 13, 2022 | Health, International News, Life, Reinsurance

Claims rose most in the United States, India, and South Africa due to the more lethal variants and a rise in fatalities or illnesses among younger and unvaccinated groups The global life insurance industry was hit with reported claims due to COVID-19 of $5.5 billion...
LIC’s mega IPO to hit markets by March

LIC’s mega IPO to hit markets by March

by AIP Online Bureau | Jan 13, 2022 | Indian News, Life, Policy

Officials are working on the valuation of the company which manages more than $450 billion of assets, and once that is done they will issue a draft IPO prospectus for investors, a government and two banking sources with direct knowledge of the matter said. New Delhi:...

U.S. business fears never ending liability from ‘take-home’ COVID-19 lawsuits

by AIP Online Bureau | Jan 13, 2022 | Health, International News, Non-Life, Pandemic, Reinsurance, Risk Management

The Dec. 21 ruling allowed a wrongful death lawsuit to proceed against See’s Candies Inc, owned by Berkshire Hathaway, by the family of Arturo Ek of Los Angeles who died in April 2020 at 72 from COVID-19 As COVID-19 cases surge in the United States, businesses...

Emerging economies learn to manage Covid-19

by AIP Online Bureau | Jan 13, 2022 | Articles, Eco/Invest/Demography, Health

In India, where the immunization rate is about 45%, antibody surveys suggest that most of the population has already had Covid in the past, which experts believe could lessen the impact of the coming wave Developing nations brought to their knees by earlier waves of...
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