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2019 general elections: The winner gets an economy riddled with problems

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

  New Delhi: A set of deep-rooted economic challenges awaits India’s new government after election results are announced May 23.    Arresting an economic slowdown and nursing the nation’s financial sector back to health will be the immediate...

Indian markets cheer Modi’s likely return to power

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

MUMBAI/BENGALURU: Indian markets rallied on Monday after exit polls showed Prime Minister Narendra Modi was set to win a second term after a general election with an even bigger mandate than in 2014.   The S&P BSE Sensex zoomed over 900 points at open to...

FPIs withdraw Rs 6,399 cr in May so far on trade war, election uncertainty

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

  New Delhi: Overseas investors have pulled out a net amount of Rs 6,399 crore from the Indian capital markets in May so far on the back of election-related uncertainty and the US-China trade tensions.   Prior to this, foreign portfolio investors (FPI) were...

Most polls predict majority to BJP-led NDA, Equity markets are likely to extend gains

by AIP Online Bureau | May 19, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: Today, most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls with varying numbers as the seven-phase polling in the general elections ended Sunday.The counting of votes will begin at 8 am on May 23.   After nearly two...

EU removes Bermuda, Aruba, Barbados from tax haven blacklist

by AIP Online Bureau | May 19, 2019 | International News

  BRUSSELS:  European Union finance ministers removed on Friday Bermuda, Barbados and Aruba from the bloc’s blacklist of tax haven countries, an EU statement said.   The three islands were added to the list in March. Aruba has been removed because...

London marine insurers widen Middle East threat zone after ship attacks

by AIP Online Bureau | May 19, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

   LONDON:  London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up...

26 Maharashtra reservoirs hit ‘zero water’ storage level as on May 18

by AIP Online Bureau | May 19, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News

  Mumbai: In a far cry from last year's situation, 26 reservoirs in Maharashtra have reached "zero storage" as on May 18, according to statistics put out by the Water Conservation department of the state government.   The department's...

States, UTs asked to hold screening sessions in schools, colleges for mental health, cancer

by AIP Online Bureau | May 19, 2019 | Health, Indian News

  New Delhi: The Union Health Ministry has advised states and Union Territories to hold screening sessions in school and college campuses for mental health and non-communicable diseases like cancer, diabetes and blood pressure at...

Reliance Capital to raise Rs 10,000 crore in current fiscal by selling assets

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

  Mumbai: Cash-strapped Reliance Capital on May 18 said it expects to raise Rs 10,000 crore by selling assets and cut down its debt by about 50 percent in the current fiscal.   The company has been working diligently to ensure timely debt repayments and is...

End-user IT spending in India to reach $15 billion in 2019: Gartner

by AIP Online Bureau | May 18, 2019 | Data, Technology

End-user information technology spends by Indian companies will jump by nearly 10 percent to $15 billion in 2019, a report said on May 6.   The fastest growth will be in the business process outsourcing sector, which is estimated to grow at over 14 percent to...
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