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Govt may announce infusion of ₹ 4,000 cr in PSU non-life firms in Budget

by AIP Online Bureau | Jun 5, 2019 | Indian News, Non-Life

New Delhi: The government is likely to announce infusion of about ₹4,000 crore in three public sector general insurance companies to shore up their capital.   The capital infusion will help them improve their financial health to an extent that the proposed...

Climate scientists partner with McKinsey to push companies to self-regulate

by AIP Online Bureau | Jun 5, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  NEW YORK:  Leading climate science institute Woods Hole Research Center is taking its first run at directly influencing corporate behavior on climate change through a collaboration with global consulting powerhouse McKinsey & Co, Woods Hole told...

Motor Bill may be introduced in upcoming session of Parliament:Gadkari

by AIP Online Bureau | Jun 5, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

  New Delhi: The government will try to introduce the Motor Vehicles (Amendment) Bill in the forthcoming session of Parliament, Union minister Nitin Gadkari said on Tuesday.   The Bill, pending approval from the Rajya Sabha, lapsed after the 16th Lok Sabha...

Avoid tea, coffee and alcohol, stay indoors: Govt issues advisory as India sizzles under heatwave

by AIP Online Bureau | Jun 5, 2019 | Health, Indian News

New Delhi: Wear loose, light-coloured cotton clothes, stay indoors and avoid drinking alcohol, tea and coffee, the government said on Monday in a health advisory issued in view of the ongoing spell of heatwave in parts of the country.   "Heatwave can cause...

Fastest growing economy? India to grow at 7.5% in FY20, says World Bank

by AIP Online Bureau | Jun 5, 2019 | Eco/Invest/Demography, Indian News

New York: As Finance Minister Nirmala Sitharaman prepares her budget, the World Bank reports Indias economy grew by 7.2 per cent in 2018-19 in contrast to the recent Indian Central Statistical Office (CSO) estimate of only 6.8 per cent growth during the period.  ...

Russia’s Aeroflot Cuts Superjet Flights After Fatal Crash in May

by AIP Online Bureau | Jun 5, 2019 | International News, Risk Management

  Russian airline Aeroflot has scaled back the number of Sukhoi Superjet 100 flights it operates after one of its planes made a crash-landing last month, killing 41 people, according to data provided by a flight tracking website.   Flightradar24 data shows...

India to become 5th largest economy globally this year; 2nd in APAC region by 2025

by AIP Online Bureau | Jun 4, 2019 | Eco/Invest/Demography, Indian News

New Delhi: India is forecast to overtake the UK to become the world's fifth largest economy this year and projected to surpass Japan to feature at the second position in the Asia-Pacific region by 2025, IHS Markit said.   In a report on Prime Minister...

Consolidation wave reduces telecom operators to five from 15 in 2012: Report

by AIP Online Bureau | Jun 4, 2019 | Eco/Invest/Demography, Indian News

  Mumbai: The telecom industry's move towards oliogopoly will potentially impact telecom tower companies through factors like tenancy losses, a report said Tuesday. The number of telecom operators has now reduced to about five from a peak of 15 in 2012, the...

World’s biggest firms foresee $1 trillion climate cost hit

by AIP Online Bureau | Jun 4, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

More than 200 of the world's largest listed companies forecast that climate change could cost them a combined total of almost $1 trillion, with much of the pain due in the next five years, according to a report published on Tuesday.   Even so, the findings by...

Dell, Jeep, LIC most-trusted brands in India: Report

by AIP Online Bureau | Jun 4, 2019 | Eco/Invest/Demography, Indian News, Life

  New Delhi: Laptop brand Dell has emerged as the most-trusted brand in the country followed by automobile firm Jeep and insurance behemoth LIC, the only Indian company to feature in the top-seven brands, according to a report.   E-commerce giant Amazon and...
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