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Govt plans to complete LIC IPO this fiscal: Karad

by AIP Online Bureau | Jul 19, 2021 | Indian News, Life, Policy

  New Delhi: The government plans to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal, the Minister of State for Finance Bhagwat Kishanrao Karad said on Monday. The government on Thursday had invited bids to appoint...

HDFC Life net profit declines 33 pc to Rs 302 cr in Q1 FY22

by AIP Online Bureau | Jul 19, 2021 | Health, Indian News, Life, Pandemic

Mumbai: HDFC Life on Monday reported a 33 per cent decline in its net profit to Rs 302 crore in the first quarter ended June this fiscal, mainly due to the adverse impact of the coronavirus pandemic. The insurer had posted a net profit of Rs 451 crore in the same...

LIC launches health insurance plan, cover upto 80 years

by AIP Online Bureau | Jul 19, 2021 | Health, Indian News, Life

  Mumbai: Life Insurance Corporation(LIC) launched its health insurance plan,Arogya Rakshak on Monday. It is is a non-linked, non-participating, regular premium, individual, health insurance plan.This plan provides fixed benefit health insurance cover...

Zoom to buy cloud-based call centre operator Five9 in $15-billion deal

by AIP Online Bureau | Jul 19, 2021 | International News, Technology

Zoom Video Communications Inc announced a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc in its largest-ever acquisition, as competition intensifies in its core videoconferencing sector. The teleconferencing services provider has become...

Delta variant accounts for 80% of new Covid cases: Govt expert panel chief

by AIP Online Bureau | Jul 19, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The Delta variant was primarily responsible for the second wave of COVID-19 in the country, accounting for over 80 per cent of new cases, Dr N K Arora, co-chair of Indian SARS-CoV-2 Genomics Consortium said, underlining that the cases may go up if a...
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