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Millennials switching jobs fast, techies lead the way: Study
“People are hopping jobs in search of larger ownership and learning opportunities. That is also a reason why the younger generation is opting to work at startups. The belief in the world of open source and internet is that learning happens while doing more things.This is in contrast to joining a large organisation where there would be lesser ownership, and therefore, lesser learning,” Belong’s chief technology officer (CTO) Vinodh Kumar Ravindranath said.
FPI outflow in April at Rs 8,000-cr on trade negotiations
India’s GDP expected to reach $5 trillion by 2025: Economic Affairs Secretary
Aadhaar seeding must for bank accounts under KYC norms: RBI
Life insurance industry’s new prm income up 11% to Rs 1,94 trn in FY18, growth slows down
Australia’s IAG set to sell SE Asia businesses in regional retreat: sources
Despite years of investments, Asia has proved a challenge for IAG. The insurer posted an underwriting loss in Asia of A$6 million ($4.63 million) in its fiscal first half of 2018, although that loss narrowed from A$9 million in the second half of 2017.
Asia’s overall earnings contribution decreased to A$10 million in 2017 from A$26 million a year earlier.
Fearing Collisions, Airlines Support Global Drone Registry
“China and India have seen growth in the demand for liability insurance”
IFC led investors infuse USD 22 mn in Murthy’s Coverfox
“India has one of the most underpenetrated insurance markets, with low penetration rates for women and rural populations. By investing in Coverfox, IFC is giving a push to the country’s digitization agenda by leveraging technology to deliver insurance products to customers outside metros and to women who are currently underserved,” said Jun Zhang, IFC Country Head for India
India stares at water crisis, urgent steps needed: experts
India’s huge groundwater-dependent population, uncertain climate-reliant recharge processes and indiscriminate land use changes with urbanization are among the many factors that have rendered the Indian groundwater scenario to become a global paradigm for water scarcity, for both quantity and quality
Fine balance must for data availability, innovation and privacy: Ravi Shankar Prasad
Traumatic Stress Claims Expected from Southwest Airlines Engine Failure
Days after a jet engine exploded about 32,500 feet over Pennsylvania 20 minutes into a flight, federal and corporate inspectors are examining what happened. The National Transportation Safety Board said it will take at least a year to pinpoint what caused the engine failure that led to the first fatality on a U.S.-registered airline in more than nine years.
8 dead, several injured as massive storm hits Kolkata, suburbs
AUM of pension fund industry grows by 38 pc to Rs 2.40 trn in 2017-18:PFRDA Chief
With 32 pc growth in new business, HDFC Life’s net profit rises by 24 pc to Rs 11.1 bn in 2017-18
HDFC Life has managed to maintain a balanced product mix with ULIPs contributing 57 per cent and conventional products forming 43 per cent of the individual APE(Annualized Premium Equivalent). It has continued focus on protection business, thereby contributing 26 per cent of total new business premium (FY17: 22 per cent). 25 per cent of company’s individual policies sold during FY18 were protection business policies (FY17: 25 per cent)’’ said Amitav Chaudhry, MD & CEO, HDFC Life .
Peak hours in Delhi, Mumbai, Bengaluru, Kolkata costing $22 bn a year:BCG Study
Facebook Facing Potential Multi-Billion Dollar Liability in Biometric Litigation
A federal judge ruled Monday that millions of the social network’s users can proceed as a group with claims that its photo-scanning technology violated an Illinois law by gathering and storing biometric data without their consent. Damages could be steep — a fact that wasn’t lost on the judge, who was unsympathetic to Facebook’s arguments for limiting its legal exposure.