M Saraswathy

Assistant Editor

Moneycontrol News

Saraswathy has been covering stories in the areas of insurance, HR and education for the past 10 years, having worked in the past with Business Standard.

Back to classrooms: Teachers ask for Covid-19 insurance as schools reopen

BUSINESS

Back to classrooms: Teachers ask for Covid-19 insurance as schools reopen

Close to 50 schools have already purchased group health policies since October. India has 1.5 million schools but only about 0.3 percent of these schools cover staff with insurance. Industry executives say that only a handful of international schools actively provide health insurance to all staff.

Insurtech platform Turtlemint raises $30 million in funding led by GGV Capital

BUSINESS

Insurtech platform Turtlemint raises $30 million in funding led by GGV Capital

New investors American Family Ventures, MassMutual Ventures and SIG, along with existing investors Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator and Trifecta Capital participated in the round.

From selling Diwali light on streets to owning a Rs 350-crore business: Here’s how homegrown Vinay Electrical Solutions is eyeing a global play

BUSINESS

From selling Diwali light on streets to owning a Rs 350-crore business: Here’s how homegrown Vinay Electrical Solutions is eyeing a global play

One of the few made-in-India brands for the past 50 years, Vinay Electrical Solutions was not affected by the difficulties surrounding raw material import from China, following the lockdown and the Galwan Valley clash. The company doesn’t import raw materials from China. It is now on an expansion mode.

COVID-19 impact: Star performer life insurance agents find the mojo missing in e-rewards

BUSINESS

COVID-19 impact: Star performer life insurance agents find the mojo missing in e-rewards

Insurers have moved to e-incentives and virtual reward parties for agents who get the top sales numbers. Agents, however, feel short-changed.

Diwali 2020: Work-from-home culture boosts popularity of mixer grinders, dishwashers and smart TVs

BUSINESS

Diwali 2020: Work-from-home culture boosts popularity of mixer grinders, dishwashers and smart TVs

Customers are stepping out less, cooking at home and relying on smart televisions for entertainment. Dealers and appliance makers said that even though products like dishwashers were traditionally seen as high-end appliances, remote working has led to middle-class customers also buying them.

Companies to be in full attendance at IITs, IIMs, but hiring may drop due to COVID-19

BUSINESS

Companies to be in full attendance at IITs, IIMs, but hiring may drop due to COVID-19

The campus placements will begin by the end of November and continue till mid-March across institutes. In early 2020, close to 50,000 students from across institutes did not receive any employment offer since placements were cancelled. This year (remaining part of 2020 and early 2021), multiple job offers will be a rarity.

Your 2021 board exams could be postponed. Here’s why

INDIA

Your 2021 board exams could be postponed. Here’s why

With no in-classroom teaching, many schools may not be able to cover the syllabus in time for the exam. Governments will also be cautious because of the danger of the coronavirus intensifying in winter. However, a delay in the board examinations could affect the prospects of those planning to go abroad for higher education.

In the east, Chinese incursion in India’s festive season sales continues unchecked—Part III

BUSINESS

In the east, Chinese incursion in India’s festive season sales continues unchecked—Part III

‘Buy local’ and ‘Boycott China’ may be the slogans of the season, but Chinese products are packed to the rafters in the large wholesale and retail stores in Mumbai’s Crawford Market and Kolkata’s Burrabazaar. This is the concluding part of a three-part series.

Sweets, dry fruits are out; therapy, fitness trackers are in as Diwali gifts at India Inc amid WFH

BUSINESS

Sweets, dry fruits are out; therapy, fitness trackers are in as Diwali gifts at India Inc amid WFH

The upheaval caused by Covid has meant there is a nearly 50 percent drop overall in corporate spends on Diwali gifting. Within companies that are offering gifts, the focus is on personalisation.

Explained: Here’s how campus placements amidst lockdown will work this season

BUSINESS

Explained: Here’s how campus placements amidst lockdown will work this season

Whether it is a well-known company or a startup that is looking to hire engineers and MBAs, the first step is to make a company presentation in front of the graduating batch. Since no face-to-face interaction is possible, institutes are expecting a three-round-interview against the average single-round interview this time.

BitClass raises $2 million in seed funding led by Venture Highway

BUSINESS

BitClass raises $2 million in seed funding led by Venture Highway

BitClass offers a platform to conduct independent classes online for teachers. This seed- funding round also saw participation from AET Japan, Figure Eight Investments, and Waterbridge Ventures.

Haryana shocker: Students cry foul as State government hikes MBBS fee by 66%; introduces up to Rs 9.2 lakh yearly bond

BUSINESS

Haryana shocker: Students cry foul as State government hikes MBBS fee by 66%; introduces up to Rs 9.2 lakh yearly bond

Haryana MBBS Fee Hike: The total fees for the four-year course have shot up to Rs 3.7 lakh from Rs 2.24 lakh

Here’s why junior college admissions, affecting 3 lakh students, are stalled in Maharashtra

BUSINESS

Here’s why junior college admissions, affecting 3 lakh students, are stalled in Maharashtra

The Maharashtra SSC Board Examination results were announced on July 29. The admission process would have started on August 30. A SC stay order in a case pertaining to socially and economically backward castes has stalled the process for now.

Applying openly for jobs at rival firms? That's alright. Say thanks to COVID-19

BUSINESS

Applying openly for jobs at rival firms? That's alright. Say thanks to COVID-19

With risk of being rendered jobless, several employed individuals are now openly seeking job positions in rival companies.

Colleges, universities will have to individually consult UGC, state govt before reopening

BUSINESS

Colleges, universities will have to individually consult UGC, state govt before reopening

Prior to reopening, the authorities will ascertain the number of COVID-19 cases in the vicinity of the institute, and check whether the college/university itself was part of a containment zone. Authorities may also ascertain the medical reports of the faculty, and seek COVID-19 negative reports, if required.

One exam topper, many claimants — the reality behind a booming coaching institute craze

BUSINESS

One exam topper, many claimants — the reality behind a booming coaching institute craze

Students who top competitive exams often find themselves as the face of coaching institutes where they have not enrolled.

Bajaj Electricals CFO believes worst is over, expects festive sales to lift Q3 show

BUSINESS

Bajaj Electricals CFO believes worst is over, expects festive sales to lift Q3 show

Anant Purandare, CFO of Bajaj Electricals said that sales demand has picked up across the consumer appliance lines.

Explained: Here’s why the TV or AC you wanted to buy may be out of stock this Diwali

BUSINESS

Explained: Here’s why the TV or AC you wanted to buy may be out of stock this Diwali

Import curbs on certain items, coronavirus-induced restrictions on flights and closer scrutiny on shipments from China have led to delays in arrival of components and finished goods

ANSR acquires AI-platform FastNext in all-stock deal

BUSINESS

ANSR acquires AI-platform FastNext in all-stock deal

FastNext is a two-year-old AI- recruitment platform incubated by boutique product and technology services firm CoffeeBeans.

WFH impact: Wonderchef eyes Rs 120 crore revenue from festive sales

BUSINESS

WFH impact: Wonderchef eyes Rs 120 crore revenue from festive sales

Cooking at home is the new-normal and appliance brand Wonderchef is reaping the benefits of this trend.

Your non-life-cover premium to get costlier as insurers face Covid-19 losses, reinsurance charges

BUSINESS

Your non-life-cover premium to get costlier as insurers face Covid-19 losses, reinsurance charges

Premiums across the fire, health and motor segments are likely to be hiked by 10-30 percent in 2021. This is due to the hike in insurers’ claims expenses, especially due to Covid-19

Lessons from lockdown: Smartphone replaces books for Indian school children

BUSINESS

Lessons from lockdown: Smartphone replaces books for Indian school children

Academic continuity during school closure has meant that students have to rely on online lessons to stay tuned to the classroom. But, does everyone have access?

Aviation insurance losses touch an all-time high as claims hit Rs 3,700 crore

BUSINESS

Aviation insurance losses touch an all-time high as claims hit Rs 3,700 crore

According to sources, 2014-2020 has been the worst six years for the aviation insurance segment. The recent Air India Express crash in Kerala resulted in an insurance loss of $89 million, one of the highest claims in the industry. As claims increase, insurers will increase premium rates.

Explained: For the first time in its 98-year history, a Delhi University VC is  suspended. What were Yogesh Tyagi’s faults?

BUSINESS

Explained: For the first time in its 98-year history, a Delhi University VC is suspended. What were Yogesh Tyagi’s faults?

Tyagi’s tenure was to have ended in March 2021. The education ministry has brought into the open the brewing discontent between the ministry and the VC on the vacant faculty positions. It was also not happy with the way Tyagi handled the 2019 teachers’ protest.

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