by AIP Online Bureau | Apr 15, 2024 | Banking & Bancassurance, Eco/Invest/Demography
SBI researchers estimated that at least 7.3 crore of these accounts have a balance of over Rs 15 lakh, and assuming that the deposits fetch an interest of 7.5 per cent, senior citizens have earned Rs 2.7 lakh crore in FY24 as interest alone Mumbai: The government has...
by AIP Online Bureau | Apr 15, 2024 | Workplace/Employee Benefits
Life Insurance Corporation of India (LIC) on Monday said its stake in FMCG major Hindustan Unilever Limited (HUL) has crossed 5 per cent. The Corporation has increased its shareholding in Hindustan Unilever Limited from 11,74,63,555 to 11,77,18,555 equity shares,...
by AIP Online Bureau | Apr 15, 2024 | Data, Eco/Invest/Demography, Technology
With over 12,070 product categories and 320+ service categories, GeM has emerged as a one-stop solution for seamless public procurement, offering sellers and service providers across the nation an opportunity to showcase their products and services transparently New...
by AIP Online Bureau | Apr 15, 2024 | Data, Eco/Invest/Demography, Technology
”Nearly 90 per cent of companies have signalled plans to boost investments in key digital technology areas in 2024, including artificial intelligence (AI)/machine learning (AI/ML), big data analytics, cloud computing, cybersecurity, and intelligent...
by AIP Online Bureau | Apr 15, 2024 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy
The step comes just three months after the U.S. launched the first U.S.-listed ETFs to track spot bitcoin. The U.S. launch set an example for other regions as it has already drawn roughly $12 billion in net inflows Hong Kong: Hong Kong’s securities regulator...
by AIP Online Bureau | Apr 15, 2024 | Data, Eco/Invest/Demography, Non-Life
Manish Raj Singhania, President of FADA, expressed his enthusiasm for this initiative, highlighting its significance in understanding the dynamics of dealer-Finance and Insurance company relationships. He emphasized that the study would serve as a platform to address...
by AIP Online Bureau | Apr 15, 2024 | Eco/Invest/Demography, Non-Life, Technology
Now with reports of Tesla’s entry in the Indian market, and its CEO Elon Musk India visit this month, experts say Indian EV market will see immense growth in next few years. Currently Tata Motors held over two-thirds of the country’s EV market, but...
by AIP Online Bureau | Apr 15, 2024 | Data, Wealth Management/ Philanthropy
“Concerns over the length and breadth of the equity rallies worldwide have led some investors, including large institutional investors, to hedge their bets by safeguarding equity portfolios with some gold,” global bank HSBC said in its research note New Delhi:...
by AIP Online Bureau | Apr 15, 2024 | Indian News, Policy, Risk Management, Wealth Management/ Philanthropy
“There are many headwinds that will weigh on markets today: the renewed conflict in the Middle East, proposed changes in the India-Mauritius tax treaty and the hotter-than-expected US inflation are negatives,” said V K Vijayakumar, Chief Investment...
by AIP Online Bureau | Apr 14, 2024 | Health, Indian News, Life, Non-Life, Regulation, Technology
Debasish Panda, chairman, IRDAI Apr 19,2025, is the 25th foundation day of the Hyderabad based regulator and IRDAI chief chosen that day to launch Bima Sugam , which is expected to usher in the `UPI moment’ in the Indian insurance industry Mumbai: Debasish...
