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FPIs get the jitters over Coronavirus, withdraw Rs 37,976 cr in March

by AIP Online Bureau | Mar 15, 2020 | Eco/Invest/Demography, Indian News

  Mumbai: Foreign portfolio investors (FPIs) have withdrawn a whopping Rs 37,976 crore on a net basis from the Indian markets in March so far amid the coronavirus pandemic triggering fears of a global recession.   Overseas investors pulled out a net sum of...

Coronavirus tally may be the tip of the iceberg as sick go untested

by AIP Online Bureau | Mar 14, 2020 | Health, International News

  Nizana Brautmann found out her 6-year-old son had been exposed to coronavirus via a note on the locked door of his Berlin daycare center on Monday morning. It told parents to take their kids home and wait.   That was the last clear information she got. The...

India declares coronavirus outbreak as a notified disaster

by AIP Online Bureau | Mar 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: In the wake of spurt in cases of coronavirus pandemic in the country, the Ministry of Home Affairs on Saturday decided to treat Covid-19 as a "notified disaster".   The move would enable the states to spend a larger chunk of funds from the...

S. Korea temporarily bans stock short selling for 6 months

by AIP Online Bureau | Mar 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Seoul: South Korea on Friday announced a temporary ban on stock short selling for six months amid a market rout triggered by the outbreak of the new coronavirus.   The Financial Services Commission said the six-month ban will affect all listed firms, starting...

Germany unleashes biggest post-war aid package against virus

by AIP Online Bureau | Mar 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

The German government on Friday unleashed the biggest economic aid package in the country's post-war history, offering companies "unlimited" credit to keep them afloat during the coronavirus crisis. Chancellor Angela Merkel said the measures "are...

Coronavirus: Saudi Arabia extends travel ban to EU, 12 nations including India

by AIP Online Bureau | Mar 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Riyadh: Saudi Arabia extends travel ban to EU, 12 nations including IndiaSaudi Arabia has extended its travel ban to include the European Union and 12 other countries, including India, as the number of coronavirus cases in the Kingdom jumped to 62, according to...

Generali, other Italian companies rush to provide funds for virus emergency

by AIP Online Bureau | Mar 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life

  Assicurazioni Generali S.p.A, Italy’s biggest insurer, on Friday joined a rising number of companies that have rushed to provide funds to fight the coronavirus crisis.   Italy has been hardest hit by the outbreak in Europe, with 15,113 confirmed...

Govt, RBI closely monitoring markets: FM

by AIP Online Bureau | Mar 13, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi:  Finance Minister Nirmala Sitharaman on Friday said the government and the Reserve Bank are closely monitoring the stock market, which is facing intense volatility amid mounting coronavirus fears.   Together with the RBI, the government is...

RM Vishakha re-appointed as MD & CEO of IndiaFirst Life Insurance for 5-yrs

by AIP Online Bureau | Mar 13, 2020 | Indian News, Life

Mumbai: IndiaFirst Life Insurance, has re-appointed RM Vishakha,55, as its managing director and CEO  for another five years..She had joined as the MD and CEO of the company,a joint venture of Bank of Baroda and Andhra Bank, in 2015 with five year term which...

US regulators approve Roche’s new and faster COVID-19 test

by AIP Online Bureau | Mar 13, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Swiss pharmaceutical giant Roche announced on March 13 that it had received emergency approval from US regulators for a new and much faster test for diagnosing the deadly new coronavirus.   The US Food and Drug Administration (FDA) has given the green...
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