by AIP Online Bureau | May 4, 2022 | Workplace/Employee Benefits
The retail investors and eligible employees will get a discount of Rs 45 per equity share, and policyholders will get a discount of Rs 60 per equity share Mumbai: LIC public offer, the country’s biggest-ever IPO, on Wednesday opened for subscription for retail...
by AIP Online Bureau | May 3, 2022 | Health, Indian News, Pandemic
According to Union health ministry data, provided on Tuesday morning, 5,23,889 people have lost their lives to the virus in the country since early 2020. Registered births, the data said, decreased from 2.48 crore in 2019 to 2.42 crore in 2020, a drop of about 2.4 per...
by AIP Online Bureau | May 3, 2022 | Indian News, Policy, Workplace/Employee Benefits
“Mere suppression of material/false information regardless of the fact whether there is a conviction or acquittal has been recorded, the employee/recruit is not to be discharged/terminated axiomatically from service just by a stroke of the pen. New Delhi: Mere...
by AIP Online Bureau | May 3, 2022 | Indian News, Non-Life
In a move, indicating possibilty of a future merger, the four general insurers have decided to appoint a common consultant for which GIPSA – the coordinating body for the PSU general insurers, has called for Request for Proposal (RFP) from eligible entities to...
by AIP Online Bureau | May 3, 2022 | Indian News, Life, Wealth Management/ Philanthropy
With Rs 6 lakh cr market cap on a PAT of Rs 3,000 crore makes a PE ratio of 200x. In our view PE ratio is not comparable with private players as LIC’s distribution policy is now changed and higher allocation towards shareholders account in upcoming future to...
by AIP Online Bureau | May 2, 2022 | International News, Non-Life, Reinsurance
Warren Buffett Buffett, 91, has run Berkshire since 1965 Shareholders supported letting Buffett keep both the chairman and chief executive roles by a nearly 6-to-1 margin, Berkshire said at its annual meeting in Omaha, Nebraska Berkshire Hathaway Inc. shareholders on...
by AIP Online Bureau | May 2, 2022 | Indian News, Life, Non-Life, Policy
Inderjeet Singh, general manger, New India Assurance(NIA), has gone to Delhi HC on the issue of appointment of Satyajit Tripathy (who is currently CMD, United India Insurance (UII)) by the government on the basis of recommendation of the Banks Board Bureau(BBB)...
by AIP Online Bureau | May 2, 2022 | International News, Regulation, Technology
“We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple’s devices,” EU antitrust chief Margrethe Vestager said in a statement BRUSSELS: Apple faces a possible hefty...
by AIP Online Bureau | May 2, 2022 | Indian News, Regulation
A total of 15 people, 12 passengers and three cabin crew members, were injured in this flight due to severe turbulence, said officials of the Directorate General of Civil Aviation (DGCA) New Delhi: Aviation regulator DGCA on Monday said it has instituted a...
by AIP Online Bureau | May 2, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Norwegian wealth fund Norges Bank Investment Management and Singapore sovereign wealth fund GIC have subscribed to the anchor book, the source said Alongside other global funds, domestic mutual fund houses such as HDFC mutual fund, SBI, ICICI and Kotak have also come...
