BUSINESS
Time to create monolith PSU general insurer?
The finance ministry is in the early stages of forming one single public-sector general insurer
BUSINESS
Life insurers paid Rs 3.3 lakh crore of benefits in FY19, a record high
Life insurance industry also saw a reduction in the surrender of unit-linked insurance plans
BUSINESS
Technology will create more, better job opportunities in 2020: Shine.com CEO
Jobs across avenues such as education, energy, healthcare, environment, and financial services will remain secure in 2020, said Zairus Master, CEO, Shine.com
BUSINESS
Tier I cities still top focus for health insurers for branch presence
Of the 883 offices of health insurers, a whopping 793 offices are in Tier I locations. During FY19, a total of 108 new offices were opened by standalone health insurers
BUSINESS
Coming soon: A blacklist for CV fraudsters
The HR industry is in the process of creating a blacklist that will have details of all minor and major discrepancies in the candidate’s resume.
BUSINESS
Placements crisis: As anti-CAA protests drive away recruiters, anxious institutes seek police protection
Some recruiters have stayed away from certain campuses on fear of violence or even to avoid being seen as taking an anti-government stance.
BUSINESS
Insurers seek tax relief from GST Council, want tax rate pared to 5%
An 18 percent GST rate is applicable for a majority of insurance products. Insurers want GST to be cut to 12 percent initially and then to 5 percent.
BUSINESS
General Insurance Council proposes fixed Rs 10 lakh motor third-party cover, cess for road accident fund
At present, there is unlimited liability as far as motor TP insurance is concerned. The Council wants the government to limit this liability
BUSINESS
JNU Row: Use of WhatsApp for university exams is mockery of education
School of International Studies, JNU has proposed holding semester examinations over WhatsApp after student protests disrupted lectures
BUSINESS
Pay raise in 2020 to be negligible once adjusted for inflation
Going forward, your real salaries may see a less than 5 percent annual rise because of food and medical inflation.
BUSINESS
Wipro Consumer eyes larger play in smart lighting space
As far as products are concerned, apart from LED batten and downlights. Wipro Consumer Care is also present in the smart sockets and smart doorbells space.
BUSINESS
Kent RO launches ‘zero water-wastage’ purifier
In the new product, the water recovery or the amount of water converted to purified water has been enhanced to 50 percent from the earlier 25 percent. The rest of the water goes back to the water source in the building.
BUSINESS
Want protection biz to be 25% of annualised premium equivalent in 3 years: HDFC Life CEO
Vibha Padalkar said that HDFC Life has been able to grow the H1FY20 topline by 38 percent in a tough market.
BUSINESS
Toffee Insurance raises Series A funding of $5.5 million
This is Toffee Insurance’s second consecutive raise from four of the five key investors after their initial funding round of USD 1.5 million last year.
BUSINESS
Five innovative appliances that you can buy in 2020
From robot chefs to folding TVs, consumers will have an array of unique appliances to choose from in 2020
BUSINESS
Samsung eyes top spot in room air-conditioner segment by 2022
Samsung will re-enter segments like window air-conditioners to offer a better product variety to customers.
BUSINESS
Here’s how your insurance policy will look like in 2020
Though a slew of changes will offer more coverage under standard products, the premiums may go up by atleast 10 percent
BUSINESS
Here’s why leave encashment must be a rule, not an exception
While employees are entitled to take a set number of leaves each year, atleast 5-10 percent of this remains underutilised.
BUSINESS
Top jobs of 2020: Here's how you can earn a 7-figure salary
As 2019 comes to an end, here's a look at what jobs you could opt for to fetch a big fat salary in the coming year.
BUSINESS
Variable pay to eat up 50-55% of India Inc salaries from 2020
A rise in variable pay directly means that the yearly in-hand compensation could be much lower.
BUSINESS
Explained | The NAC Bank will allow students to drop a course and join another, without losing credits
Students will accumulate credits, which will be deposited in the Bank, and that can be redeemed for a degree or diploma. The credits will be valid for eight years.
BUSINESS
Here's why falling interest rates will not hurt your insurance returns
Volatile interest rates can lead to impact on the maturity amount paid to policyholders in an insurance product
BUSINESS
Need feel-good factor to revive consumption: Exide Life CIO Shyamsunder Bhat
Bhat said that personal income tax rate cuts are therefore likely in the forthcoming Budget, though this could be an interim measure.
BUSINESS
Pre-merger blues: PSU general insurers seek Rs 12,000 crore lifeline
The first use for this capital is to spruce up the solvency or minimum capital across the three general insurers
