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IndiaFirst Life FY18 net up 46% at Rs 51 cr

“We have been on a strong growth trajectory of new business with an equal focus on retention of existing business and generation of profits. We are proud at the all-round growth of the company, reflected in retail new business premium growth of 43 percent, increase in 13th month persistency to 76 percent and annual profit of Rs 51 crore,” said RM Vishakha, managing director and chief executive officer, IndiaFirst Life Insurance

Uneasy,pessimistic,and concerned:Deloitte Millennial Survey

-Millennials and Gen Z show less loyalty to and less confidence in business.
-Distrustful of companies’ motivation and ethics, respondents call for business leaders to positively impact the broader world.
-As loyalty levels retreat, diversity and flexibility are keys to retention as gig economy expands.
-Millennials and Gen Z feel unprepared for Industry 4.0 changes—want business to help them develop skills needed to succeed.

10 candidates to be interviewed on May 17 for selecting CMDs of NIA,UII &NIC

The MOF in terms of seniority has short-listed 10 names- Hemant G. Rokade, GM & director, NIA, three senior most GMs of Delhi based Agriculture Insurance Company(AIC)-Malay K Poddar,Rajeev Chaudhry,Avinanda Ghosh- Dinesh Waghela, general manger, GIC Re, Siddharth Pradhan, GM, NIA, Girish Radhakrishnan, GM, NIA, Atul Sahai,GM, Oriental Insurance Company (OIC) , Tajinder Mukherjee, GM, NIA, S. N. Rajeswari, GM, NIA for the interview

FPIs withdraw $ 2-bn from markets in just 8 trading sessions

“An increase in (government securities) yields in the domestic market has seen FPIs pulling out money from the Indian debt markets, whereas outlflow of money from equity market is a function of rise in global yields and deterioration in macroeconomic fundamentals of Indian economy largely due to rising crude prices.Besides, FPIs have also booked profit ahead of the upcoming state election,” Rakesh Tarway, head of research at Reliance Securities