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Prime Minister Johnson’s Brexit Plan goes to court as latest EU talks end in failure

by AIP Online Bureau | Sep 17, 2019 | Uncategorized

  London: Boris Johnson’s Brexit strategy has been on trial ever since he became prime minister eight weeks ago, and on Tuesday his lawyers will defend it in the U.K.’s highest court.   Fresh from being lambasted by a fellow European leader after...

India can be a global hub for tourism healthcare & data analytics: Kumar Mangalam Birla

by AIP Online Bureau | Sep 17, 2019 | Eco/Invest/Demography, Health, Indian News, Technology

  Mumbai: Indian corporates need to hold themselves accountable to global standards of governance if India wishes to re-shape the global economic order, Aditya Birla Group Chairman Kumar Mangalam Birla said on September 17. Speaking at an event here, Birla said...

ONGC fined Rs 2.05cr for green norm violation in Assam

by AIP Online Bureau | Sep 17, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life

Guwahati: The Pollution Control Board, Assam has slapped a fine of Rs 2.05 crore on PSU firm Oil and Natural Gas Corporation (ONGC) for allegedly violating an order by the Supreme Court and causing pollution to the environment.   The board's order was issued...

Govt mulling another booster dose to reinvigorate economy

by AIP Online Bureau | Sep 17, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said. The blue print for the stimulus is ready that would be announced by...

Global investors bet $45 bn on Modi’s India. Now they are reversing it

by AIP Online Bureau | Sep 17, 2019 | Eco/Invest/Demography, Indian News

  After pouring $45 billion into India’s stock market over the past six years on hopes that Modi would unleash the country’s economic potential, international money managers are now unwinding those wagers at the fastest pace on record. They’ve...

Insured losses for Typhoon Faxai estimated at $3B-$7B: AIR Worldwide

by AIP Online Bureau | Sep 16, 2019 | Disaster & Management, Eco/Invest/Demography, International News

   BOSTON: Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion (USD 3 billion) and JPY 740 billion (USD 7 billion). AIR Worldwide...

Govt to cut insurance premium rates for small exporters: Piyush Goyal

by AIP Online Bureau | Sep 16, 2019 | Eco/Invest/Demography, Indian News, Non-Life

   NEW DELHI : The commerce ministry will soon approach the Cabinet for reduction in insurance premium rates to 0.6% for small exporters having an outstanding limit of less than ₹80 crore, Union Minister Piyush Goyal said on Monday.   The commerce and...

National Health Authority, IRDAI recommend measures to check frauds, data standardization

by AIP Online Bureau | Sep 16, 2019 | Eco/Invest/Demography, Health, Indian News, Non-Life

NEW DELHI: The National Health Authority, responsible for implementing the Ayushman Bharat scheme, and Insurance Regulatory and Development Authority of India (IRDAI) have launched a report recommending best practices, common standards, collaborative measures and IT...

SBI shelves IPO plans for general insurance arm

by AIP Online Bureau | Sep 15, 2019 | Banking & Bancassurance, Indian News, Non-Life

LEH:  The largest lender State Bank has dropped its plan to take its general insurance arm public as there is no need for additional capital now, chairman Rajnish Kumar has said.   Investor interest for its cards business is very high, and SBI Card listing...

FPIs turn net buyers, infuse Rs 1,841 cr in first half of Sept

by AIP Online Bureau | Sep 15, 2019 | Eco/Invest/Demography, Indian News

Mumbai: Foreign portfolio investors turned net buyers in the first half of September, pumping in Rs 1,841 crore into the capital markets, after remaining sellers for the previous two months.   The latest inflows have been triggered by improving investor sentiment...
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