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Stock market plunge washes away nearly Rs 5 trillion investor wealth

by AIP Online Bureau | Feb 6, 2018 | Indian News

Mumbai: Benchmark indice pared losses after sliding more than 3% in intra-day trade a global market rout whacked sentiment, adding to existing investor concerns ahead of Reserve Bank of India (RBI) meeting this week to review key rates.   Investors lost...

Cat hit Markets see price rise at 1 January renewals:Munich Re  

by AIP Online Bureau | Feb 6, 2018 | International News, Reinsurance

Munich:  Munich Re has said prices for the reinsurance treaties increased in the renewals as at 1 January 2018, particularly in the markets most affected by natural catastrophes.    “Other markets and branches were also freed from the pricing...

UK to double health surcharge for foreign visitors, students

by AIP Online Bureau | Feb 5, 2018 | Health, International News

LONDON: The UK government on Monday announced plans to double a so-called "health surcharge" paid by long-term visitors and students from countries outside the European Union (EU) including India to 400 pounds per year. The surcharge, introduced in April...

Unevenness In Taxes Paid By Salaried Class, Business People: Hasmukh Adhia

by AIP Online Bureau | Feb 5, 2018 | Data

There is "unevenness" in the taxes paid by the salaried class and business people, as 50 per cent of the 7 lakh companies which file I-T returns show zero or negative income, Finance Secretary Hasmukh Adhia said today.   The government, he said, is...

New India Assurance records a net profit of Rs 617 cr in Q3 FY 2018

by AIP Online Bureau | Feb 4, 2018 | Indian News

Mumbai: Aided by drop in claim and expense ratios, country’s largest non-life insurer, New India Assurance (NIA)  reported a net profit of Rs 617 crore for the third quarter ending December 2017, compared to a loss of Rs 24 crore in same quarter last...

Black Friday: Investors become poorer by Rs 4.6 trillion as stocks crash

by AIP Online Bureau | Feb 4, 2018 | Indian News

Mumbai: Investors wealth was on Friday eroded by Rs 4.6 trillion amid massive selling in the stock market where the BSE benchmark index plummeted 840 points.   The 30-share Sensex crashed 839.91 points, or 2.34 per cent, to end the day at 35,066.75. Following the...

Singapore prepares for terrorist attack

by AIP Online Bureau | Feb 4, 2018 | International News, Risk Management

SINGAPORE: Armed officers patrol a train station where television screens and giant posters warn of the threat from terrorists. Nearby, fake gunmen storm a shopping mall in one of many recent terror attack simulations. But this is not some war-ravaged country. It is...

Mega healthcare scheme ‘game changer’, financing not a constraint: Niti Gauri Aayog

by AIP Online Bureau | Feb 4, 2018 | Health, Indian News

NEW DELHI: Brushing aside criticism of the newly announced mega healthcare scheme, Niti Aayog Vice- Chairman Rajiv Kumar has said it is a "game changer" and revenue from the 1 per cent additional cess would be enough to meet the funding needs.   Finance...

FPIs infuse over Rs 22,000 crore in January on better earnings expectations

by AIP Online Bureau | Feb 4, 2018 | Indian News

NEW DELHI: Foreign investors have pumped in a whopping $ 3.5 billion (over Rs 22,000 crore) into the country's capital markets in January in anticipation of better corporate earnings and attractive yields.  However, the pace of FPI flows may slow down in the...

Finances will never be a problem for National Health Protection Scheme: J P Nadda

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

NEW DELHI: Seeking to allay concerns about the funding of the National Health Protection Scheme (NHPS) announced in the Budget, Health Minister J P Nadda today assured that finances will never be a problem and said the Centre was working out the nitty-gritties of the...
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