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Oriental Insurance incurs losses of Rs 1498 cr in 2019-20, outlines strategies to be profitable

by AIP Online Bureau | Aug 31, 2020 | Indian News, Non-Life

  New Delhi: After posting losses in 2019-20, state owned Oriental Insurance Company (OIC), under its newly appointed CMD SN Rajeswari, has charted out strategies to improve its performance. OIC had a loss(profit/loss before tax) of Rs 1498...

Mutated coronavirus strain found in Indonesia as cases jump: Report

by AIP Online Bureau | Aug 31, 2020 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  A more infectious mutation of the new coronavirus has been found in Indonesia, the Jakarta-based Eijkman Institute for Molecular Biology said on Sunday, as the Southeast Asian country's caseload surges. Indonesia reported 2,858 new infections on Sunday,...

Female fund managers beat men at stock picks: Goldman Sachs Group

by AIP Online Bureau | Aug 31, 2020 | Eco/Invest/Demography, Facts

Female managers remain woefully under-represented in the fund industry, but they’re doing a better job picking stocks than their male counterparts, at least this year. Among some 500 large-cap US mutual funds, those with at least one-third of manager positions...

Suspension of scheduled international passenger flights extended till Sept 30

by AIP Online Bureau | Aug 31, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

New Delhi: The suspension of scheduled international passenger flights has been extended till September 30, said Indian aviation regulator DGCA on Monday. "However, international scheduled flights may be allowed on selected routes by the competent authority on a...

India’s economy shrinks record 23.9% in June quarter, first-ever in 40 yrs

by AIP Online Bureau | Aug 31, 2020 | Eco/Invest/Demography, Indian News

  NEW DELHI: India’s economy contracted at its steepest pace on record of 23.9% in the June quarter as the pandemic lockdown cut consumer and business spending, putting pressure on the government and central bank for additional stimulus and a rate cut.The...

78,512 new COVID cases in India,971 deaths

by AIP Online Bureau | Aug 31, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Pandemic

  New Delhi: The novel coronavirus tally in India crossed 36 lakh on Monday with 78,512 new cases, while the number of recoveries surged to 27,74,801, pushing the recovery rate to 76.62 per cent, the Health Ministry said. The death toll climbed to 64,469 with 971...

New mobility revolution:Japanese tech company test ‘Flying Cars’

by AIP Online Bureau | Aug 31, 2020 | Eco/Invest/Demography, Facts, Non-Life, Technology

  By Derrick Bryson Taylor In the 1880s, the first automobile was developed and about two decades later, the Wright brothers in North Carolina invented the first successful airplane. Today, the world is closer to combining those two concepts as a Japanese tech...

Japan looks to AI as coronavirus challenges go-and-see quality control mantra

by AIP Online Bureau | Aug 30, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic, Technology

TOKYO: At a factory south of Japan’s Toyota City, robots have started sharing the work of quality-control inspectors, as the pandemic accelerates a shift from Toyota’s vaunted “go and see” system which helped revolutionise mass production in...

COVID-19: Nestle says consumer behaviour changing, essentials ”taking precedence” over luxury

by AIP Online Bureau | Aug 30, 2020 | Eco/Invest/Demography, Facts, Health, Risk Management

  New Delhi: The COVID-19 pandemic has brought a major shift in consumption patterns among consumers as necessary purchases are taking precedence over luxury spending, Nestlé India chairman Suresh Narayanan has said. Stating that the coronavirus crisis has...

Farm sector sees spike in private investment after reforms:Agri secy

by AIP Online Bureau | Aug 30, 2020 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: Private companies have began investing in farm sector spurred by the recent reforms that will help increase farmers' income, according to Agriculture Secretary Sanjay Agarwal. The government recently brought three major reforms via Ordinances. It...
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