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Mega bank consolidation: Meeting April 1 deadline appears challenging

by AIP Online Bureau | Feb 23, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries

  New Delhi: With the deadline of April 1 fast approaching for the mega merger of ten public sector banks, there seems to be more odd in the way of meeting the target date as a series of regulatory approvals and clearances are still pending, bank officials said....

Warren Buffett touts wind energy following climate-change criticism

by AIP Online Bureau | Feb 23, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  Warren Buffett, long under pressure from activists to detail how climate change affects his businesses, used part of his annual letter to shareholders to highlight how wind power generated by a Berkshire Hathaway Inc. utility shows the company is reducing its...

Berkshire Hathaway 100% ready for my departure: Warren Buffett

by AIP Online Bureau | Feb 23, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Octogenarian billionaire Warren Buffett said Saturday that his Berkshire Hathaway empire, with holdings in major American financial firms, is ready for his departure as well as that of his longtime partner Charlie Munger, aged 96.   Dubbed the "Oracle...

FPIs remain bullish on India; invest Rs 23,102 crore in February so far

by AIP Online Bureau | Feb 23, 2020 | Eco/Invest/Demography, Indian News, Risk Management

New Delhi: Staying bullish on Indian markets, overseas investors have pumped in a net amount of Rs 23,102 crore in February so far driven by positive sentiment around the budget and RBI's decision to maintain an accommodative stance in the latest monetary policy....

Need to enhance global risk monitoring, says Nirmala Sitharaman at G-20 meet

by AIP Online Bureau | Feb 23, 2020 | Eco/Invest/Demography, Indian News

  New Delhi: Finance Minister Nirmala Sitharaman on Saturday emphasised the need to enhance global risk monitoring and explore the scope for policy co-ordination to deal with such risks.   Speaking at G-20 Finance Ministers and central bank governors meeting...

Centre pays Rs 50,850 crore to farmers under PM-KISAN scheme

by AIP Online Bureau | Feb 23, 2020 | Eco/Invest/Demography, Indian News

  New Delhi: The Centre on Saturday said it has disbursed Rs 50,850 crore to farmers so far under its landmark scheme PM-KISAN, enabling them to meet farm input cost and household expenses.   The agriculture ministry shared the progress made under the...

Autos contribute 7% of carbon dioxide in India: M&M’s Pawan Goenka

by AIP Online Bureau | Feb 22, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life

  Mumbai: Indians use too big car by size for moving a single person, and the fate met by Tata Nano was unfortunate, Mahindra and Mahindra MD Pawan Goenka said on Saturday.   He also conceded that the automobile industry does add to pollution, and pitched...

Robust surveillance stalled coronavirus: Health minister Harsh Vardhan

by AIP Online Bureau | Feb 22, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Mumbai: India remained protected from the novel coronavirus because of its robust health surveillance system, Union health minister Harsh Vardhan said on Saturday. He also hailed qualified health professionals for “resisting” the Ebola, Nipah virus...

Investors dump emerging market stocks, hoard bonds amid coronavirus angst

by AIP Online Bureau | Feb 22, 2020 | Eco/Invest/Demography, International News

  Coronavirus worries have caused the biggest exodus from emerging market stocks funds since September BofA said on Friday, while the ongoing dive into bonds is on course to reach nearly $1 trillion by the end of the year. Investors pulled out $2.7 billion out EM...

How pharma firms are using Blockchain to track down counterfeit drugs

by AIP Online Bureau | Feb 22, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Risk Management

Some of the industry’s largest pharmaceutical companies, including Pfizer Inc. and Eli Lilly and Co., have developed a blockchain-based system to track prescription drugs across the supply chain to better halt the flow of counterfeit medicines, company officials...
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