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HDFC Life’s net profit rises 21% to Rs 365 crore in Q1FY2023, to set up an IFSC Insurance Office (IIO) at GIFT city

HDFC Life’s net profit rises 21% to Rs 365 crore in Q1FY2023, to set up an IFSC Insurance Office (IIO) at GIFT city

by AIP Online Bureau | Jul 19, 2022 | Indian News, Life

Vibha Padalkar, MD & CEO, HDFC Life, The life insurer’s Indian embedded value(IEV) has risen by to Rs 29,709 crore in the reporting quarter. Its value of new business (VNB) has moved by 25 per cent to 510 crore  in the same quarter Its new business margin for...

Russia defaults on LNG supplies to India

by AIP Online Bureau | Jul 19, 2022 | Eco/Invest/Demography, Indian News

Moscow has in recent months imposed sanctions on 31 companies, including the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of Gazprom New Delhi: Russia has defaulted on the supply of at least 5...

Cos spent over 60 pc CSR funds on edu, healthcare, rural development in last 7 financial yrs: Govt

by AIP Online Bureau | Jul 19, 2022 | Data, Eco/Invest/Demography

Nirmala Sitharaman said all CSR eligible companies have spent a cumulative CSR amount of Rs 24,865.46 crore in FY 2020-21. Out of the total amount, Rs 6,946.75 crore was spent on ‘healthcare-related activities’, including activities related to COVID-19 New...
Australia’s Suncorp Group sells ITS banking unit to ANZ

Australia’s Suncorp Group sells ITS banking unit to ANZ

by AIP Online Bureau | Jul 19, 2022 | Banking & Bancassurance, International News, Life, Wealth Management/ Philanthropy

Australian banks are grappling with rapidly rising interest rates and falling house prices that’s spurred some investors to reevaluate lenders’ outlooks. The deal hands the lender control of one of the country’s largest retail banks that’s also based in the...

46% of Black employees at UK firms intend to quit their current place of work soon

by AIP Online Bureau | Jul 19, 2022 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits

“Just from a human perspective it’s a sign that you’re not supporting all employees equally,” said Julia Taylor Kennedy, executive vice president for Coqual in an interview with Bloomberg News. “From a business perspective it shows that you’re not actually retaining...
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