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FPIs stay bullish on India, pour in Rs 5,072 cr in October so far

by AIP Online Bureau | Oct 20, 2019 | Eco/Invest/Demography, Indian News

New Delhi: Foreign portfolio investors (FPIs) have infused a net sum of Rs 5,072 crore into the Indian capital markets in October so far amid the government's efforts to revive domestic demand.   In the preceding month, FPIs had invested a net Rs 6,557.8...

Will prepare blueprint for companies moving out of China: FM Sitharaman

by AIP Online Bureau | Oct 20, 2019 | Eco/Invest/Demography, Indian News

New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday said she will prepare a blueprint for international companies that are looking beyond China to make India as their preferred investment destination.   She said industry leaders who are contemplating...

ICICI General Insurance net profit at Rs 308 cr, up 5% in Q2 2019-20

by AIP Online Bureau | Oct 18, 2019 | Indian News, Non-Life

  Mumbai: ICICI Lombard General Insurance has seen its profit after tax (PAT) growing  by 6.1 per cent to  Rs 618 crore  in H1 FY2020 as against Rs  582 crore in H1 FY2019    The private sector general insurer’s  PAT grew...

UK heading for ‘fairly hard’ Brexit if Johnson deal passes

by AIP Online Bureau | Oct 18, 2019 | Eco/Invest/Demography, International News

  London: Britain will be on course for more distant economic ties with the European Union, making the country poorer, if Prime Minister Boris Johnson wins parliamentary backing for the Brexit deal he clinched with Brussels on Thursday.   Compared with the...

Typhoons Faxai, Hagibis, not likely to materially impact Japanese non-life insurers’ capitalisation

by AIP Online Bureau | Oct 18, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Hong Kong: The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels, according to a new AM Best...

 Brexit may spur more deals in legacy general insurance policies

by AIP Online Bureau | Oct 18, 2019 | International News, Non-Life, Reinsurance

  LONDON: Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers.   Whether Britain leaves the European Union without a deal or...

SBI General PAT at Rs 278 crs, up 9% in H1 FY 2019-20

by AIP Online Bureau | Oct 18, 2019 | Indian News, Non-Life

  Mumbai: SBI General Insurance has posted a profit before tax of 278 crs in H1 FY 2019-20 compared to Rs 256 crs in the previous year.   The general insurance arm of banking major State Bank of India (SBI) reported an underwriting profit of Rs 37...

India emerges 3rd largest ecosystems for successful start ups

by AIP Online Bureau | Oct 17, 2019 | Eco/Invest/Demography, Facts, Technology

  With 21 unicorns, India has emerged as third largest ecosystems for more successful start ups right behind China and US but ahead of Britain and Israel, according to Hurun Global Unicorn List 2019.   Leading the pack from the country are payments solutions...

India’s commitment on climate change best among several nations: Nirmala Sitharaman

by AIP Online Bureau | Oct 17, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

   Washington: India's commitment to fight the global challenge of climate change is "bold" and one of the best amongst the community of nations, Finance Minister Nirmala Sitharaman has said.   Interacting with global investors at the...

Millennials spend more time socializing, sleeping than elders: Study

by AIP Online Bureau | Oct 17, 2019 | Eco/Invest/Demography, Facts

  WASHINGTON : The average millennial may sleep and game more than older generations, but are more educated, according to new US government research.   Millennials, or those born between 1981 and 1996, spend about 20 minutes more per day sleeping, and double...
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