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MR Kumar appointed LIC chairman, Susheel K and Vipin A as MDs
In a late evening move the Department of Personnel and Training( DOPT) has also notified the appointment of TC Suseelkumar, ZM, Hyderabad, Vipin Anand as the managing directors of the corporations.This is the second time in the last 18 years when an executive director has been directly appointed as the chairman, on par with a secretary of the Government of India, of the corporation.
MARSH increases stake in MARSH India to 49%
Alex Moczarski, Chairman of Marsh & McLennan Companies International and chairman of the board of Marsh India, said: “As companies in India look to expand both domestically and into international markets, they need the very best risk and insurance advice to help them navigate an increasingly complex global risk landscape. We are committed to working closely with our colleagues in India as they continue to bring the very best global expertise to local clients.”
Standardisation of rates and procedures of healthcare providers necessary:Khuntia
Standard Life to sell 4.93% stake in HDFC Life for Rs 3,500 crore
A sell down of 4.93 per cent by the Standard Life would help the HDFC Life increase it’s public float to 24.2 per cent which is a step closer to IT achieving Minimum Public Shareholding (MPS) prescribed by SEBI. The SEBI Listing Regulations mandates all listed companies to achieve MPS of 25 per cent within 3 years of listing. At present, Standard Life holds 29.2 per cent stake in the life insurance company while HDFC, the majority stakeholder, has 51.5 per cent stake. After the stake sale, Standard Life’s shareholding in HDFC Life will come down to 24.27 per cent.
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