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Global stocks rise as signs of Trump’s improving health calm markets

by AIP Online Bureau | Oct 4, 2020 | Eco/Invest/Demography, International News, Pandemic

  TOKYO: Stock markets rose on Monday on hopes that President Donald Trump could be discharged from hospital later in the day, easing some of the political uncertainty that shook global bourses in the previous session.Trump, 74, was flown to hospital for...

FPIs turn net sellers after 3 months in Sep; pull out Rs 3,419 cr

by AIP Online Bureau | Oct 4, 2020 | Eco/Invest/Demography, Indian News

New Delhi: Snapping their three-month buying spree, overseas investors turned net sellers in Indian markets in September due to uncertainty ahead of the US presidential polls and surging coronavirus cases. Foreign investors withdrew Rs 3,419 crore on net basis from...

16 to be interviewed on Oct 9 for selecting 2 IRDA members

by AIP Online Bureau | Oct 4, 2020 | Banking & Bancassurance, Indian News, Intermediaries, Regulation

  New Delhi: After much delay due to prevailing Covid-19 Pandemic in the country, a top panel Cabinet Secretary Rajiv Gauba will interview a 16 short listed candidates,on Oct 9, virtually to select two members, for Distribution and Actuary, of the insurance...

India and South Africa ask WTO to waive rules to aid COVID-19 drug production

by AIP Online Bureau | Oct 4, 2020 | Eco/Invest/Demography, Health, International News, Pandemic, Risk Management

VIENNA: India and South Africa want the World Trade Organization (WTO) to waive intellectual property rules to make it easier for developing countries to produce or import COVID-19 drugs, a letter here&Open=True to the WTO shows. In their letter dated Oct. 2 the...

India seeks up to 500 million coronavirus vaccine doses by July

by AIP Online Bureau | Oct 4, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

  NEW DELHI: India hopes to receive up to 500 million doses of coronavirus vaccine by July to inoculate about 250 million people, health minister Harsh Vardhan said on Sunday, as infections in the world’s second-worst affected country continue to surge....

Govt weighs legal options after losing Vodafone tax arbitration case

by AIP Online Bureau | Oct 4, 2020 | Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: The government is weighing its legal options after losing the high-profile international tax arbitration case against Vodafone as it looks to limit damages not just in this matter but also in case of a separate lawsuit with Cairn Energy goes against...

CEOs indicate business sentiment revival; steady recovery of Indian economy on anvil: CII

by AIP Online Bureau | Oct 4, 2020 | Eco/Invest/Demography, Indian News

New Delhi: The CEOs of top 115 companies who met at CII''s National Council earlier this week indicated revival of business sentiment and a gradual rise in expected corporate performance in a poll, raising hopes that a steady recovery of India''s...

Cos” auto sales recovery ”tactical” due to pent-up demand, not sustainable: MG Motor India

by AIP Online Bureau | Oct 4, 2020 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The recovery seen in auto sales in the past couple of months is not a sustainable one and there is a question mark on how the industry would fare next year as the sector is hugely linked to the economy,according to MG Motor India President and MD...

COVID-19 cases in India breach 65-lakh mark

by AIP Online Bureau | Oct 4, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

  New Delhi: India's COVID-19 caseload went past 65 lakh, while the number of people who have recuperated from the disease crossed 55 lakh, according to the Union Health Ministry data updated on Sunday. The recovery rate stands at 84.13 per cent. The total...

Centre in SC agrees to waive compound interest on loans up to Rs 2 cr for six-months

by AIP Online Bureau | Oct 3, 2020 | Eco/Invest/Demography, Indian News, Pandemic, Policy

New Delhi: In a relief to individual borrowers and medium and small industries, the Centre has agreed in the Supreme Court to waive compound interest (interest on interest) charged on loans of up to Rs 2 crores for a six-month moratorium period announced due to the...
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