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No Cabinet decision on privatisation of two PSBs: FM Sitharaman

by AIP Online Bureau | Dec 21, 2021 | Indian News, Policy

In the Budget for financial year 2021-22, the government had announced its intent to take up privatisation of two PSBs in the year and approval of a policy of strategic disinvestment of public sector enterprises, Finance Minister Nirmala Sitharaman said in a written...

Axis Bank emerges as highest bidder for Citi consumer biz

by AIP Online Bureau | Dec 21, 2021 | Banking & Bancassurance, Indian News, Wealth Management/ Philanthropy

The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs about 4,000 people in the consumer banking business.According to the sources, the valuation could be around USD 2 billion (about...

Smaller cities and 30 plus investors drive the SIP growth story in the country

by AIP Online Bureau | Dec 21, 2021 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The report shows that India’s smaller cities are now leading the charge with 64% contribution of SIP inflows coming outside of top 10 cities that include metros and big business hubs like Bangalore and Hyderabad in 2021. There has been a gradual increase in SIP...

RS Filmcraft infuses Rs 5 cr in Go Digit General Insurance

by AIP Online Bureau | Dec 21, 2021 | Briefs, Non-Life

RS Filmcraft (OPC) has invested Rs 50 million in Go Digit General Insurance, the insurer said in a release. Bengaluru-headquartered Go Digit has raised funding amounting to around Rs 990 crore from its parent company Go Digit Infoworks Services Pvt Ltd, backed by...

Qatar Airways takes Airbus to court in A350 jet safety dispute

by AIP Online Bureau | Dec 21, 2021 | International News, Risk Management

The row widened this month when documents seen by Reuters revealed at least five other airlines located in varying climates had complained about paint or other surface problems since 2016. Airbus has until recently maintained the problem was focused on paint on...

Omicron’s global spread prompts renewed lockdowns, delayed reopenings

by AIP Online Bureau | Dec 21, 2021 | Eco/Invest/Demography, Health, International News, Pandemic, Risk Management

The Omicron variant was first detected last month in southern Africa and Hong Kong and so far has been reported in at least 89 countries More than 274 million people have been reported to be infected by the coronavirus globally since the pandemic began and more than...
Govt will focus on reducing compliance burden: PM assures India Inc during pre-Budget meet

Govt will focus on reducing compliance burden: PM assures India Inc during pre-Budget meet

by AIP Online Bureau | Dec 21, 2021 | Eco/Invest/Demography, Indian News

Prime Minister Narendra Modi The prime minister said the corporate sector should invest more in areas like agriculture and food processing, and talk about the shifting focus on natural farming New Delhi: Prime Minister Narendra Modi on Monday assured India Inc that...

Women workforce representation improves significantly during pandemic: Report

by AIP Online Bureau | Dec 21, 2021 | Eco/Invest/Demography, Facts

More popular roles in apna.co included telecallers and BPO, back office, receptionist, front office, teacher, accounts, finance, admin, office assistant and data entry operators Women representation has improved significantly in the workforce across roles and...

More women beneficiaries joining insurance schemes PMJJBY, PMSBY, says govt

by AIP Online Bureau | Dec 21, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

The schemes have seen significant growth in terms of the cumulative number of women enrolled in these schemes, the minister said. Under PMSBY there are 10,26,45,751 women beneficiaries and under PMJJBY there are 3,42,40,254 beneficiaries As many as 1,60,925 women were...

Delhi HC seeks Govt’s response on BBB’s power to select UII CMD

by AIP Online Bureau | Dec 20, 2021 | Indian News, Non-Life, Policy

Legal observers point out that it will be interesting to watch how government will  be responding to Delhi HC’s notice on an issue which not only affects Tripathy’s posting but also whole host of top level appointments in the public sector insurance companies in...
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