BUSINESS
LIC IPO: A listing everyone is waiting for
With a Rs 30.5 lakh crore balance sheet as of FY19, even a 25 percent stake sale by the government will mean a bumper listing.
BUSINESS
Budget 2020: Education sector allocation up 5%
For the skill development ministry and its various programmes, an allocation of Rs 3,002.21 crore has been proposed for FY21 compared to Rs 2,531.04 crore in FY20.
BUSINESS
Budget 2020: ACs, refrigerators, some fans set to become expensive
The customs duty has been hiked from 10 percent to 12.5 percent for compressors in ACs and refrigerators with immediate effect.
BUSINESS
Coronavirus outbreak: Prices of ACs & TVs could rise 5-10% in India
Companies in India depend on imports of critical spare parts from China
BUSINESS
Voltas’ non-AC ventures may overtake AC business in five years: MD & CEO
The company has set up a 60-acre facility in Sanand, Gujarat for manufacturing appliances under the 'Voltas Beko' brand
BUSINESS
Voltas Beko launches first manufacturing unit in India
The first set of products to be rolled out will be refrigerators.
BUSINESS
Air India disinvestment: Will govt go the VRS way to tame uncooperative unions?
An immediate concern of the unions is that there will be job losses as soon as a new buyer comes on board. However, VRS could be rolled out for several staff members.
BUSINESS
Insurance discounts may soon be thing of the past: Here’s why
IRDAI has warned insurers of penalties to dissuade the companies from offering unviable discounts to corporate clients
BUSINESS
OYO rolls out benefits for retrenched staff
Outplacements, insurance, counselling offered for staff
BUSINESS
Explained: Here’s how SWAYAM 2.0 will let you earn an online degree
For students, this could offer a good opportunity to get an educational degree without having to be physically present at a campus.
BUSINESS
Budget 2020: Finance Ministry may take decision on FDI hike in insurance companies
The insurance regulator and industry has sought hike in FDI from 49 percent to 74 percent. But will the Indian management control continue?
BUSINESS
Class divide in India Inc: Are companies choosing to ignore it?
Not allowed to use the common facilities and absence of add-ons like weekly holidays, breaks during work timings and insurance benefits, these show there is a class divide at the workplace which India Inc chooses to ignore.
BUSINESS
Here's why India Inc's fire insurance costs may go up by 10-50% in 2020
Discounting has been a common practice in segments like fire insurance, where despite higher claims in the previous year, lower premiums are charged.
BUSINESS
Budget 2020: White goods makers seek GST cut, incentives for local manufacturing
While GST rates are usually decided at the GST Council meeting chaired by Finance Minister Nirmala Sitharaman, companies are hoping that the FM makes related announcements during the budget
BUSINESS
Time for humane layoffs in India Inc?
HR officials agree that while layoffs are inevitable, the process can be made made more structured.
BUSINESS
Digit Insurance to raise $84 million
Kamesh Goyal, chairman and founder, Digit Insurance said that the funds would purely be used for solvency purposes
BUSINESS
Republic Day: TV makers plan big offers to catch up on lost sales
TV sales have seen a 3-5 percent overall dip in 2019 despite online sales seeing growth
BUSINESS
Budget 2020: Insurers seek hike in tax exemptions to boost sales
Insurers want tax exemption for categories like pension, term and home cover.
BUSINESS
Sample insurance products are need of the hour
With life insurance penetration (premium as a percentage of GDP) below 4 percent and general insurance penetration below 1 percent, there is a dire need to make policies more appealing to customers.
BUSINESS
Group life insurance numbers hit due to cost pressures at India Inc
Insurers said that manufacturing firms and FMCG companies are now buying covers on a group platform only for employees above a certain pay-scale.
BUSINESS
Orient Electric enters affordable luxury segment with chandeliers
In an interaction with Moneycontrol, Atul Jain, Executive Vice President, Orient Electric said that the company is planning to launch a few more products ahead of summer.
BUSINESS
Auto makers under scanner for forceful sale of motor insurance policies to customers
According to the law, motor third-party insurance is mandatory for all vehicles running on Indian roads. These products are usually purchased from the same dealer from where an individual buys his car or bike.
BUSINESS
LIC sees 291% jump in investment income from FY09-19 period
Data from the LIC Annual Report 2018-19 released last week showed that the income from investments stood at Rs 2,21,573.72 crore at the end of FY19.
BUSINESS
US-Iran tensions: Indian insurers face the heat
With oil importers being forced to buy higher insurance covers for the crude being brought in, reinsurers are turning cautious.
