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Household savings decline due to rising home, auto, personal loans

by AIP Online Bureau | May 9, 2024 | Data, Eco/Invest/Demography, Policy

Chief Economic Advisor V Anantha Nageswaran attributed the decline to a shift in portfolio where savings were being channelised to real assets NEW DELHI: Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of...

El Nino to end by June, La Nina seen in second half of 2024, says U.S. forecaster

by AIP Online Bureau | May 9, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Hot, dry weather in Asia during El Nino last year prompted top rice supplier India to restrict exports following a poor monsoon, while wheat output in No.2 exporter Australia took a hit. But heavier rains in parts of the Americas boosted farm output prospects in...

Sensex slips over 1,000 points as broad sell-off continues in Indian stocks

by AIP Online Bureau | May 9, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Wealth Management/ Philanthropy

Analysts asserted that a strong US dollar, uncertainty in Lok Sabha elections outcome after a decreasing voter turnout trend seen so far in the three phases that went to vote, and a profit booking after the recent rally hurt the markets Stock market investors lost Rs...
India’s religious demographics shift: Hindu population declines while Muslim population rises

India’s religious demographics shift: Hindu population declines while Muslim population rises

by AIP Online Bureau | May 9, 2024 | Data, Eco/Invest/Demography

”… The share of the majority Hindu population decreased by 7.82 per cent between 1950 and 2015 (from 84.68 per cent to 78.06 per cent). The share of the Muslim population in 1950 was 9.84 per cent and increased to 14.09 per cent in 2015 — a 43.15 per cent...
Go Digit to open its IPO on May 15,price band in range of Rs 258-272, to raise Rs 2,615 crore

Go Digit to open its IPO on May 15,price band in range of Rs 258-272, to raise Rs 2,615 crore

by AIP Online Bureau | May 9, 2024 | Indian News, Non-Life, Wealth Management/ Philanthropy

The insurer will raise Rs 2,615 crore via its IPO which includes a fresh share sale of Rs 1,250 crore and an offer-for-sale (OFS) of up to 5.47 crore equity shares amounting to Rs 1,489.65 crore. by its promoters and existing shareholders of the company Valuation of...
India becomes world’s third largest solar power generator, overtakes Japan: Report

India becomes world’s third largest solar power generator, overtakes Japan: Report

by AIP Online Bureau | May 9, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Technology

Solar maintained its status as the world’s fastest-growing electricity source for the nineteenth consecutive year, adding more than twice as much new electricity worldwide as coal in 2023 New Delhi: India overtook Japan to become the world’s third-largest...

Rajasthan to digitalize healthcare with new online health management system

by AIP Online Bureau | May 9, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy, Technology

Under the health management system, electronic health records, DIGI health locker, freedom from queues for patients, unified digital survey, KPI-based dashboard, single window system for health-related license and NOC etc., tele ICU, geo-tagging based hospital etc....
Why has AstraZeneca recalled Covid-19 vaccine

Why has AstraZeneca recalled Covid-19 vaccine

by AIP Online Bureau | May 9, 2024 | Health, International News

The British-Swedish multinational pharmaceutical is also being sued by more than 50 alleged victims and grieving relatives in a High Court case in the UK New Delhi: In a significant move, pharma giant AstraZeneca has recalled its Covid-19 vaccine, made in...
In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud

In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud

by AIP Online Bureau | May 9, 2024 | International News, Regulation, Risk Management, Technology

Elon Musk,Chief Executive , Tesla Investigators are exploring whether Tesla committed wire fraud, which involves deception in interstate communications, by misleading consumers about its driver-assistance systems, the sources said. They are also examining whether...
PB Fintech records a net profit of Rs 60.59 crore in Q4FY24

PB Fintech records a net profit of Rs 60.59 crore in Q4FY24

by AIP Online Bureau | May 8, 2024 | Indian News, Intermediaries, Life, Non-Life, Technology

The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of Rs 60.59 crore ($7.3 million) for the quarter ended March 31, against a net loss of Rs 8.95 crore a year ago New Delhi: India’s PB Fintech, the parent of...
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