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Domestic airlines may post higher losses at $1.65-1.90 bn this fiscal: CAPA

by AIP Online Bureau | Sep 3, 2018 | Uncategorized

  New Delhi: The domestic airlines industry is expected to post higher losses at $1.65-1.90 billion this fiscal year, up from projected $430-460 million, amid the headwinds due to higher costs and lower yields, a report said.   Besides, airlines need to...

Commercial banks with over 10 branches to have internal ombudsman: RBI

by AIP Online Bureau | Sep 3, 2018 | Indian News

  Mumbai: The Reserve Bank of India (RBI) Monday asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO).   The apex bank has, however, excluded regional ruralbanks (RRBs) from appointing IOs.The internal...

Hazare to sit on hunger strike from Oct 2; seeks pension for farmers

by AIP Online Bureau | Sep 3, 2018 | Indian News, Pension & Social Security

Ralegan Siddhi: Social activist Anna Hazare will sit on a hunger strike here from October 2 over issues like appointment of Lokpal and welfare measures for the agrarian sector, including Rs 5,000 monthly pension for farmers.  According to a statement here on...

International tourism arrivals hit record high in 2017, India leads growth in South Asia: UN report

by AIP Online Bureau | Sep 3, 2018 | Data

  The number of people travelling abroad hit record levels in 2017 with a total of 1,323 million international tourist arrivals recorded in destinations around the world, with India leading the growth in the South Asian region, according to data from the UN's...

Kerala requires Rs 30K cr for rebuilding: Finance Minister Thomas Isaac

by AIP Online Bureau | Sep 3, 2018 | Indian News

  Thiruvananthapuram: Flood -battered Kerala needs Rs 30,000 crore to rebuild, Finance Minister Thomas Isaac said on Monday.  "We require Rs 20,000 for capital expenditure and Rs 10,000 for revenue expenditure," Isaac told, adding it would be...

Manipal Group forays into health insurance,buys stakes in Cigna TTK Health Insurance

by AIP Online Bureau | Sep 3, 2018 | Health, Indian News

  MUMBAI: Manipal Group, a leader in the field of healthcare delivery and higher education, has ventured into health insurnace by buying stakes in Cigna TTK Health Insurance Company Limited (Cigna TTK).   Insurance Regulatory and Development...

India:Foreign investors remain bullish on India, infuse Rs 51-bn in August

by AIP Online Bureau | Sep 2, 2018 | Data

  Foreign investors have infused over Rs 51 billion into the country's capital market in August — the second consecutive month of inflow — on improvement on the macro front, better corporate earnings and correction in the mid and small-cap space....

Are notes in your pocket making you sick?Traders body wants FM to investigate

by AIP Online Bureau | Sep 2, 2018 | Health, Indian News, Risk Management

  New Delhi: Traders body CAIT wrote to Finance Minister Arun Jaitley on Sunday seeking investigation to assess the potential of health hazards allegedly posed by currency notes and urged him to take preventive measures to protect people from diseases due to...

LIC to enter 63rd year of operations tomorrow

by AIP Online Bureau | Sep 2, 2018 | Indian News

  Mumbai: National insurer Life Insurance Corporation of India (LIC) is completing 62 years of its incorporation tomorrow.    Having begun its journey on September 1,1956, with an initial capital of Rs 5 crore and an asset base of Rs 352.20 crore, LIC...

What Will Happen to EU Financial Services Firms After No-Deal Brexit?

by AIP Online Bureau | Sep 1, 2018 | International News, Policy

  London: Britain will unilaterally accept some European Union rules and give EU financial services firms continued access to the U.K. market in order to maintain stability if the country crashes out of the bloc without a deal, the country’s top negotiator...
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