by AIP Online Bureau | Dec 27, 2019 | Eco/Invest/Demography, International News, Risk Management
World stocks scaled record highs on Friday and oil prices stayed buoyant in a holiday-shortened week, as optimism grew that a US-China trade deal would soon be signed. Traders returned from their Christmas and Boxing Day break to digest comments from...
by AIP Online Bureau | Dec 27, 2019 | Eco/Invest/Demography, Indian News, Risk Management
Amidst rising macroeconomic worries best reflected in the falling growth numbers across the spectrum, Reserve Bank Governor Shaktikanta Das has flagged corporate governance concerns across India Inc, including banks, to lift the efficiency of the economy to its full...
by AIP Online Bureau | Dec 27, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Risk Management
Banks around the world are unveiling the biggest round of job cuts in four years as they slash costs to weather a slowing economy and adapt to digital technology. This year, more than 50 lenders have announced plans to cut a combined 77,780 jobs, the...
by AIP Online Bureau | Dec 27, 2019 | Eco/Invest/Demography, Indian News, Risk Management
Mumbai: Financial system remains stable despite weakening domestic growth: RBIThe Reserve Bank on Friday said the country's financial system remains despite slowing economic growth. The country's GDP slowed to a six-year low of 4.5 per cent in...
by AIP Online Bureau | Dec 27, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Non-Life, Risk Management, Technology
New Delhi: From January, SBI customers will be able to make ATM withdrawal above Rs 10,000 only after an OTP verification during 8 PM to 8 AM. The OTP-validated ATM transaction has been introduced to minimise the number of unauthorised transactions, State Bank...
by AIP Online Bureau | Dec 27, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: Battered by an unprecedented slowdown, the Indian auto industry is desperately pinning hopes on the next financial year for a turnaround, banking on a host of new and upgraded models slated to make their way to the market. The industry's...
by AIP Online Bureau | Dec 27, 2019 | Eco/Invest/Demography, Indian News, Pension & Social Security
New Delhi: The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020, a move which will benefit 630,000 pensioners, a source...
by AIP Online Bureau | Dec 27, 2019 | Articles, Eco/Invest/Demography, Non-Life
In 2017, online digital publications announced the latest threat to consumer safety: hackers using vulnerabilities inside WhatsApp to spread malicious code via files sent using the app. In March 2019, a security researcher announced that a bug in Facebook...
by AIP Online Bureau | Dec 27, 2019 | International News, Non-Life
A Kazakhstan plane with 100 people aboard crashed shortly after takeoff early Friday, killing at least 14 people while at least 35 others survived with injuries, officials in Almaty said. The Bek Air aircraft hit a concrete fence and a two-story building after takeoff...
by AIP Online Bureau | Dec 26, 2019 | Eco/Invest/Demography, Indian News
Mumbai: Reflecting the woes of the broader economy, fund raising through IPOs plunged to a low Rs 12,362 crore in 2019, down a full 60 per cent from 2018 when the street mopped up Rs 30,959 crore. The outgoing year saw only 16 initial public offerings (IPOs) as...
