by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic
Airlines in India are seeking at least $1.5 billion as an interest-free credit line from the government, Civil Aviation Minister Hardeep Singh Puri said, as lockdowns and restrictions linked to the coronavirus pandemic hit demand for air travel. The carriers in what...
by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News, Life, Pandemic
Mumbai: Life Insurance Corporation (LIC), which is preparing for its Initial Public Offer (IPO) despite volatility in the stock market, has already made a profit of Rs 13,000 crore from its equity portfolio till August this year, a top official said on...
by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Facts, Technology
New Delhi: Automation is a key tool for businesses that are expecting finance functions to maximise the operational efficiency and minimise the time spent on non-value activities, according to a report. In a joint report released on Wednesday, the Institute of...
by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, International News, Non-Life
COLOMBO/NEW DELHI: Sri Lanka is seeking at least 340 million rupees ($1.9 million) from the owner of the stricken oil supertanker New Diamond for assistance given to the vessel since it caught fire on Sept. 3, the coordinating officer to the country’s...
by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Facts, Health, Technology
CUPERTINO, Calif: Apple Inc introduced its largest-ever iPhone and a watch that detects heart problems on Wednesday in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones.The relatively small...
by AIP Online Bureau | Sep 16, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
LONDON: Achieving net zero emissions by mid-century would cost an estimated $1 trillion-$2 trillion a year of additional investments, or 1-1.5% of global gross domestic product, a report by the Energy Transitions Commission (ETC) said on Wednesday.To limit...
by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
MUMBAI: India’s coronavirus infections surged past 5 million on Wednesday, piling pressure on hospitals grappling with unreliable supplies of oxygen that they need to treat tens of thousands of critical patients.In the big states of Maharashtra, Gujarat...
by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News, Pandemic, Risk Management
MUMBAI: Some high frequency indicators are pointing towards stabilisation in economic activity in India but the recovery is still not entrenched and will only be gradual, Reserve Bank of India Governor Shaktikanta Das said on Wednesday.The major economy hardest...
by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic
MUMBAI/NEW DELHI: Serum Institute of India has received Indian regulatory approval to resume local clinical trials of AstraZeneca’s potential COVID-19 vaccine, a source familiar with the matter said on Wednesday. The approval came from the Drugs Controller...
by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Technology
Bengaluru: Home-grown digital-native insurer ACKO on Wednesday said it had raised $60 million (approximately Rs 441 crore) in a round of funding led by Munich Re Ventures,the investment arm of the global reinsurer Munich Re. Existing investors Amazon, RPS Ventures and...
