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FPIs remain buyers for fourth consecutive month; infuse Rs 9,031 cr in May

by AIP Online Bureau | Jun 2, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: Overseas investors pumped in a net amount of Rs 9,031 crore into the Indian capital markets in May on expectations of more business-friendly measures following the BJP's landslide victory in the general elections.   Interestingly, foreign...

IATA cuts forecast for airline profits as US-China trade war intensifies

by AIP Online Bureau | Jun 2, 2019 | International News, Risk Management

  Seoul: The worsening US-China trade war and rising costs are putting pressure on airline earnings as the International Air Transport Association (IATA) cut its forecast for 2019 industry profits by more than a fifth.   Net income for 2019 will probably...

Not Amazon, Instagram is likely to dominate the future of online retail

by AIP Online Bureau | Jun 2, 2019 | Facts, Intermediaries, Technology, Trends, Facts

  Luxury fashion is getting ready for its selfie. If it likes what it sees, the global apparel market could become a battle of the Everything Store against the Everyone Store.   Selling on Instagram is no longer just the province of retailers. A small group...

OIC  pays Rs 1.5 cr of claims for 15 Maha jawans killed in Maoist attack

by AIP Online Bureau | Jun 1, 2019 | Indian News, Non-Life

  New Delhi: State owned Oriental Insurance Company (OIC) has paid  Rs 1.5 crore of claim to the family of 15 police jawans of Maharshtra who were killed in a recent Maosits attack in Gadchiroli.   Fifteen C-60 commandos, including a woman, and a driver...

Mercury set to rise in NW India; Rajasthan’s Ganganagar hottest at 49.6degC

by AIP Online Bureau | Jun 1, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: No relief is in sight for central and northwest central India, including parts of Rajasthan, which are reeling under a severe heat wave, with the weather department predicting a further likely rise in the mercury in the next 48 hours.  ...

Auto majors report decline in May sales

by AIP Online Bureau | Jun 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The domestic auto sector has continued its downturn in May. Almost all the auto majors have recorded a slump in their sales in the month of May.   "The market continues to be tough for the auto industry with two consecutive months of such a...

ET Cards and Payment Summit to deliberate on “Indian payments sector transformation”

by AIP Online Bureau | Jun 1, 2019 | Eco/Invest/Demography, Indian News, Technology

  Mumbai: Even as India’s payments sector is laying greater emphasis on providing improved services to customers and upgrading legacy technology infrastructures to enhance the overall experience, The Economic Times Cards and Payment Summit set to...

Economy slows down,India is no longer the fastest growing major economy in the world

by AIP Online Bureau | Jun 1, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: Even as Indian Prime Minister Narendra Modi on Friday surprised markets by naming Nirmala Sitharaman, formerly the defence minister, as the next finance minister on a day data showed that Asia’s third biggest economy grew at its slowest pace in...

Govt forms ‘Jal Shakti’ Ministry for conserving and promoting Water Resources

by AIP Online Bureau | May 31, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: The government formed a new 'Jal Shakti' Ministry by merging the ministries of Water Resources and Drinking Water and Sanitation with Gajendra Singh Shekhawat at its helm.    Gajendra Singh Shekhawat took charge of the ministry on...

Ambani weighs selling Reliance General Insurance to reduce debt

by AIP Online Bureau | May 31, 2019 | Indian News, Non-Life

  Mumbai: Beleaguered Indian tycoon Anil Ambani is in talks to sell his group’s general insurance unit to a shadow lender, people familiar with the matter said, as he seeks to reduce debt.   Reliance Capital Ltd., controlled by Ambani, is discussing...
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