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Here is a masonry blog layout with no sidebarSC says LIC bound by Constitution, directs fresh verification of claims of temporary workers
A bench of Justices DY Chandrachud, Surya Kant, and Vikram Nath made the remarks while deciding a four-decades-old dispute of temporary/badli/ part-time workers who were engaged by the LIC to discharge its functions on a batch of pleas for their claims of absorption...
90pc states publish draft rules on 4 labour codes, implementation imminent says Bhupender Yadav
The minister also said that the government is working to provide social security to the entire workforce in the country and that is why e-Shram portal or national database of informal workers is being created He informed that as many as 28 crore informal workers are...
Musk’s Twitter ambitions to collide with Europe’s tech rules
Elon Musk Elon Musk will soon be confronted with Europe's Digital Services Act, which will require big tech companies like Twitter, Google, and Facebook parent Meta to police their platforms more strictly or face billions in fines Elon Musk's Twitter acquisition and...
Profitability of general insurance sector to improve in FY2023: ICRA
The combined ratio across the industry deteriorated to 119% in 9M FY2022 from 112% in 9M FY2021 with increase in health claims Covid claims accounted for 6% of the total number of health claims paid in FY2021 and are expected to form around 11-12% of the total number...
Bruce de Broize appointed as MD & CEO of Future Generali India Life Insurance
Bruce de Broize, MD and CEO, Future Generali India Life Insurance The appointment follows Generali’s move to consolidate its position in FGILI by completing the transaction to become the majority stakeholder Mumbai: Generali Asia on Wednesday has announced the...
Boeing shares sink on fresh 777X setbacks, array of charges
"We are concerned that this delay (in 777X delivery) may allow airlines to cancel without penalty," Citi Research analyst Charles Armitage said. Reuters reported last month that the Federal Aviation Administration had warned Boeing that existing certification...
Govt says LIC share sale right-sized to make it sail through
(L to R) MR Kumar, chairman, LIC and Tuhin Kanta Pandey, secretary, Dipam at a press conference in Mumbai to announce LIC IPO “The valuation process itself is essentially a discovery process. Because you don't know what we are comparing it with? Is LIC equal to HDFC...
70% who took booster didn’t get Covid in third wave, says study
The study also showed that the third wave affected those aged below 40 the most -- around 45 per cent of them contracted the disease. The researchers also concluded that a long gap after the second dose correlated with a higher chance of infection during the third...
Windows under attack from Chinese threat actors: Microsoft
"As Microsoft continues to track the high-priority state-sponsored threat actor HAFNIUM, new activity has been uncovered that leverages unpatched zero-day vulnerabilities as initial vectors," the company said in a blogpost San Francisco: Tech giant Microsoft has...
Twitter CEO set to receive $42 million if terminated after Musk deal
Equilar's estimate includes a year's worth of Agrawal's base salary plus accelerated vesting of all equity awards, an Equilar spokesperson said, based on Musk's offering price of $54.20 per share and terms in the company's recent proxy statement On Monday billionaire...
Govt sets LIC IPO price band at Rs 902-949, Rs 60 discount for policyholders
The issue is set to open on May 2 for anchor investors and will open for subscription on May 4 and close on May 9 Retail investors and employees of LIC are also likely get a discount of Rs 45 on subscribing to the shares of LIC New Delhi: The government has set a...
HDFC Life’s net declines 11% on Covid claims in FY2021-22, to raise capital
Vibha Padalkar, MD & CEO, HDFC Life Insurance With a total premium of almost Rs 46,000 crore up 19 per cent y-o-y, over Rs 38,583 crore recorded in year-ago period, the life insurer’s asset under management (AUM) crossed Rs 2 trillion mark, clocking 17 per cent...
LIC may file preliminary IPO prospectus today, price band on Wednesday
LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata - where they will be meeting potential investors and analysts starting on Wednesday, one of the sources...
IRDAI promotes S.N. Jayasimhan as CGM
In line with the Telangana High Court's order but with delay, the Insurance Regulatory and Development Authority of India (IRDAI) has promoted S.N. Jayasimhan as the Chief General Manager (CGM). As per the IRDAI order, Jayasimhan has been promoted to the grade of CGM...
Ukraine-Russia conflict: Russian foreign minister warns on risks of nuclear conflict
Russian foreign minister Sergei Lavrov "Lavrov's trademark over the course of 15 years or so that he has been the Russian foreign secretary has been that sort of bravado. I don't think that right now there is an imminent threat of escalation," James Heappey told BBC...
Insurtech funding in India jumps to $ 800 million in 2021 from $290 million in 2020 :BCG Report
There has been a steady rise in no of insurtech unicorns with over 20 Unicorns in 2021, 14 in United States, 4 in UK, 2 each in India (Acko & Digit Insurance ) & France , 1 each in Austria, Israel & Mexico Jitesh Shah, MD & Partner BCG Asia Pacific...
Real-time payments expected to boost India’s GDP by $45.9 bn in 2026
"India's craving for cash may be plummeting, but there is still a great deal more to do. It is time to accelerate our efforts and expand this impact beyond the top tier metropolitan areas and replicate our success for the benefit of the entire country," said Ankur...
Climate change threatens extreme weather in Europe: Report
Globally, the last seven years have been the warmest since records began in 1850, with 2021 ranking sixth. There were worrying findings in terms of greenhouse emissions, too: concentrations of carbon dioxide and particularly methane continued to rise in the...