by AIP Online Bureau | Aug 10, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
In order to overcome the mismatch between deposits and lending, Sitharaman asked banks to come up with “innovative and attractive” deposit schemes to mobilise funds from the people,Nirmala Sitharaman , Finance minister Mumbai: Finance Minister Nirmala...
by AIP Online Bureau | Aug 10, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Contributions to systematic investment plans (SIPs) also touched a record high of Rs 23,322 crores in July, hitting an all-time high for the thirteenth consecutive month.Equity mutual funds reported net inflows aggregating to Rs 6.36 trillion from domestic investors...
by AIP Online Bureau | Aug 10, 2024 | Data, Disaster & Management, Technology
“Our disaster relief efforts are guided by our extensive logistic network, warehousing expertise and our collaborative approach to work closely with non-profit partners, dedicated relief workers, and selfless volunteers on ground,” said Anita Kumar, Head...
by AIP Online Bureau | Aug 10, 2024 | Eco/Invest/Demography, Indian News, Technology
V Anantha Nageswaran,Chief Economic Advisor Speaking at the ninth edition of the Global Economic Summit held in Mumbai, CEA Nageswaran said rapidly evolving Fintech solutions will have a transformative impact on income, savings and wealth creation in India and...
by AIP Online Bureau | Aug 10, 2024 | Climate, Environment, Renewable Energy, Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
Jitendra Singh, Union minister of State (Independent Charge) for Science and Technology and Earth Sciences The deployment of these radars is part of a broader initiative by the Government of India to strengthen the country’s meteorological infrastructure. By enabling...
by AIP Online Bureau | Aug 10, 2024 | Data, Eco/Invest/Demography, Policy
Going forward, it is the electric two-wheeler (E2W) segment of the market that will see more growth, with over a quarter of 2Ws sold in 2024 expected to be battery-powered New Delhi: India is projected to surpass China this year to become the world’s largest...
by AIP Online Bureau | Aug 10, 2024 | Briefs, Life, Technology
PhonePe on Friday announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The company has partnered with leading insurers to enable this feature on its platform. In fact, the company is focused on scaling up this offer tremendously and...
by AIP Online Bureau | Aug 9, 2024 | Workplace/Employee Benefits
Michael Patra, Deputy Governor,Reserve Bank of India The households had saved higher proportions in financial assets during the pandemic both as a precautionary measure and as the avenues to spend had dried up, and with the ebbing of Covid, there has been a propensity...
by AIP Online Bureau | Aug 9, 2024 | International News, Non-Life, Reinsurance
At an event in southern Brazil, President Luiz Inácio Lula da Silva asked the crowd to stand and observe a minute of silence as he shared the news. He said that it appeared that all passengers and crew aboard had died, without elaborating as to how that information...
by AIP Online Bureau | Aug 9, 2024 | Indian News, Life, Non-Life, Reinsurance
N Ramaswamy, CMD, GIC Re GIC Re has expanded its premium income by almost 40 per cent y-o-y to Rs 12,406 crore during the quarter ending in June 2024 `We now plan to push growth both in top line and bottom line. Of course, we are closely...
