BUSINESS
Ahead of IPO, LIC on track to reduce NPA ratio, improve persistency
A three-pronged strategy is being adopted by LIC, the country's largest insurer. It includes improving persistency, reducing its NPA ratio in the debt portfolio as well as planned exits of non-core assets like the IDBI Bank.
BUSINESS
NEP 2020: Credit bank for college students next on the agenda
An academic bank is where college students can digitally store major and minor credits. These will be considered at the time of awarding degrees and diplomas
BUSINESS
Say no to 9-5: Is 'work your own hours' the next big HR trend?
Seeing results from the WFH setting for more than a year where productivity has been good, there is some talk around letting employees work as per their own convenience on a daily basis, as long as the set tasks are completed on time.
BUSINESS
NEP to board exams: New education minister Dharmendra Pradhan has his task cut out
Dharmendra Pradhan takes charge of school education, higher education along with his existing portfolio of skill development. Implementation of the new education policy would be on top of the agenda of the former oil & gas minister.
BUSINESS
US Student visa: Delays, glitches but American Dream on course
While the appointment slots for the student visa to the US from India were opened on June 14, there is now a deluge to get the F-1 visa on time for the Fall 2021 academic session. Happily for the students, new slots are being added from July onwards.
BUSINESS
Fat salary but bigger risks: Is this a tech job that nobody wants?
Multiple liability risks involved with the job position of the Chief Compliance Officer under the IT Rules 2021 has led to these roles either taking longer to get filled, or staying vacant. Given their onerous responsibilities, that is hardly a surprise
BUSINESS
School fee hike: A repeat of the 2020 saga in India
Parents are opposing any school fee increases in 2021 citing fully online classes and court reprieve for delays in payment. School managements point to staff salaries and maintenance to justify hikes
BUSINESS
Morals before Maths: Here's how an EdTech firm is taking Indian epics to school-going children
The Ramayana School wants to use life lessons from the Indian odyssey and its characters to organise learning modules for children and young adults. They are doing a good job of it.
BUSINESS
Raising funds since we can't take risks on solvency, says Digit Insurance's Kamesh Goyal
Digit is being valued at $3.5 billion in the latest round where it is looking to raise $200 million from existing investor Faering Capital and venture capital firms like Sequoia Capital India and IIFL Alternate Asset Managers, among others.
BUSINESS
Digit Insurance to raise $200 million funding, valuation zooms to $3.5 billion
This is one of the biggest funding rounds in the Indian insurance industry bringing the total capital infused into Digit Insurance up to $442 million. Digit was the first unicorn of 2021.
BUSINESS
PLI scheme extension to boost job creation across electronics manufacturing
The one-year extension was given due to production delays and component shortages amidst COVID-19. The idea behind the PLI scheme is to transform manufacturing from 'assemble in India' to ‘make in India.’
BUSINESS
PM Jan Suraksha: FinMin keeps term insurance, accident insurance rates unchanged
Premiums to be paid for policies under PMJJBY and PMSBY will continue at Rs 330 and Rs 12 this year, although insurance companies wanted an increase of as much as 20 percent
BUSINESS
Explained: Here are the rules for international student travel from India
Vaccination is a must-have criterion for students to attend physical lectures in the campuses. Only vaccines from the World Health Organisation (WHO) approved list are permissible, which could, potentially, eliminate those inoculated by Covaxin
BUSINESS
COVID-19 impact: Demand for apprentices is on the rise
In FY22, apprentice hiring has seen a 40 percent growth especially across key sectors like healthcare & pharmaceuticals, ITeS, BFSI and e-commerce.
BUSINESS
NEP implementation: Hybrid courses may soon get green signal from government
A blended programme would allow up to 40 percent of the course module to be offered online, while the rest could be provided through physical lectures.
BUSINESS
Time’s running out: Study-abroad candidates grapple board exam uncertainty, vaccination delays
States like Andhra Pradesh have stated that they will hold Class 12 board examinations, when CBSE and many state boards have cancelled exams. Delays in results would mean these candidates would lose their admission offers.
BUSINESS
Tata Group's Croma eyes expansion of physical presence, to open 75 stores in FY22
As of June 16, Croma had 154 stores out of 193 stores that were open atleast a few days in a week. In FY20, their revenue stood at Rs 5,173 crore, as per ROC filings. Ghosal said that the revenue grew by 4 percent YoY in FY21.
INDIA
CBSE Board Exam 2021: The ball is in the schools' court now
CBSE said that the performance of students in Class 10, 11 and 12 will be taken into account in the final marksheet. Here, schools hold the key to the final score, unlike previous year when only the board exam mattered.
BUSINESS
Inflation pinch: Price rise worries build up across FMCG, auto and white goods
On one hand, food inflation is on the rise and on the other, commodity-prices linked inflation is leading to an increase in raw material costs. A combination such as this could effectively impact the topline in Q3.
BUSINESS
Remote working impact? Online degrees are here to stay
Now, with extended study from home and work from home, online degrees are getting more popular. These e-degrees are cheaper and provide flexibility.
INDIA
CBSE Board Exam 2021: Assessment confusion resolved, but the test isn't over for students
A lot of questions are still to be answered on whether cut-offs across colleges will rise over standardised marking and whether marksheet delays would lead to study abroad plans getting affected.
BUSINESS
Protection business growth key focus for ICICI Prudential Life Insurance in VNB doubling track path
The insurer's total premium income in FY21 was Rs 35,733 crore of which Rs 13,032 crore was new business premium. Here, the protection business mix for the year stood at 16.2 percent.
INDIA
Board Exam 2021: Common assessment could be adopted by Centre, states
This methodology would ensure that there are no discrepancies in the final marksheet issued to individual students and a uniform assessment would mean fair evaluation at the time of college admissions
BUSINESS
India Hiring Tracker: Healthcare, e-commerce, financial services led recruitment in Jan-March, says Indeed
Travel, tourism and hospitality remained the worst hit among various sectors. Maximum hiring was for operations/support roles while the minimum was for management roles, the report said.
