BUSINESS
No immediate job cuts at GSKCH, but concerns remain after HUL buy
"These are complicated deals. They don't close overnight. We will not leave our people in the lurch as we have to run the business for next several quarters," said a person with knowledge of the matter
BUSINESS
Infosys CFO search may take some time: Experts
In large IT firms where the promoter is still hands-on in the business, strategic decisions like top-level appointments take time, say experts.
BUSINESS
Festive sale! Not just online, it's raining deals, discounts at offline stores as well
Moneycontrol has collated some of the best deals offered in the online and offline space across four, two-wheelers, white goods, fast-moving consumer goods industry
BUSINESS
Public sector banks step up focus on fee income growth through insurance products
Government-owned banks are now increasingly focusing on selling more insurance and other third-party products to boost their profits on the back of higher non-interest income.
BUSINESS
Will Modicare be a game changer or turn into another Rashtriya Swasthya Bima Yojana?
The scheme aims to provide Rs 5 lakh coverage to 100 million poor vulnerable families translating into 500 million individual beneficiaries, which is more than the population of North America
BUSINESS
IRDAI allows LIC to invest up to 51% in IDBI Bank: Sources
"They presented us this proposal and the board has given a go-ahead to them for this case," said a senior IRDAI official.
BUSINESS
Lone bidder looking to exit, IDBI Bank may have to restart IDBI Federal Life stake sale
Max Life had last week withdrawn its bid for IDBI Federal Life Insurance, after lenders refused to meet conditions put forth by the bidder
BUSINESS
Niti Aayog paper to spur growth in AI jobs in India, say experts
Artificial intelligence will also open up new job roles that may not be very popular right now
BUSINESS
Coaching institute TIME eyes 10% revenue growth in FY18
There have been companies in the education space, both big and small, who have been impacted due to falling revenues and unpaid dues.
INDIA
Padmavati may not get insurance claim for delay in release
G Srinivasan, chairman and managing director, New India Assurance, said that their cover will only kick in once the film gets the final certification from the CBFC.
BUSINESS
National Insurance Company looks to list by March 2018
In the general insurance space, ICICI Lombard General Insurance and New India Assurance got listed recently.
BUSINESS
IRDAI chairman post likely to see public sector insurance CEO applicants
The Finance Ministry had in November invited applications to fill up the post of Irdai chairperson, which is set to fall vacant post retirement of T S Vijayan in February. Sources said that the retired chairman of a large public sector bank may also apply.
BUSINESS
XL Catlin to acquire 20% stake in Mahindra Insurance Brokers
In a press statement, the company said that XL Group will help support MIBL’s endeavours to increase insurance awareness and penetration in under-penetrated markets and across under-served customers in rural India.
BUSINESS
6 sectors to hire big in next 6 months; fin services to be in thick of action: Report
According to TeamLease's Employment Outlook Report for H2FY18, the net employment outlook for the coming 6 months (October 2017 to March 2018) will see an incremental increase of 2 percentage point.
BUSINESS
IPOs of 3 public sector general insurers may be pushed to second half of FY19
It is likely that the IPOs of New India Assurance and General Insurance Corporation of India (GIC Re) will be out in this financial year.
BUSINESS
Fitch Learning to offer training programmes for banking sector as RBI deadline nears
Under the new Reserve Bank of India (RBI) policy of higher standards and capacity building for financial professionals, the Indian Banks Association (IBA) has selected Fitch Learning to provide training programmes.
BUSINESS
Why risk-based capital is still some time away in insurance
The idea behind having RBC was to ensure that companies which have been found to be engaging in risky business practices and offering unsustainable pricing will be required to maintain a higher level of capital.
BUSINESS
IRDAI debating feasibility of PE investments in insurance companies
There are several PE firms invested in insurance companies and concerns have been raised about their investments since some of them are short-term in nature and exits are also being planned.
BUSINESS
This festive season, corporate gifting for employees goes digital
Moving away from cash incentives and physical gifts, more number of companies are now turning to digital gifting options including online coupons and gift cards.
BUSINESS
Unemployment topmost risk cited by Indian businesses: WEF survey
Huge job losses fuelled by automation, robotics and artificial intelligence has been a source of concern in markets like India. Professionals are engaged in upskilling to ensure that they stay relevant to their job roles.
BUSINESS
LIC topped list in agent productivity in FY17
The report said that while the number of exclusive or tied agents engaged by life insurance companies has seen fluctuation over the years, but the number of agents in FY17 was lower than that in FY13.
BUSINESS
Almost 100,000 temp jobs up for grabs this festive season
While there was a fear that the goods and services tax (GST) would led to retail, FMCG and e-commerce scurrying for cover and try to get the systems in place, the transition has been smooth leading to robust hiring numbers for temp workers.
BUSINESS
1 day earlier, 8 weeks now: Why India Inc is getting serious about paternity leaves
Compared to a mindset that bringing up a child is only a woman’s job, both individuals as well as organisations have realised that it is the joint responsibility of both the father and mother.
BUSINESS
Volatility of our business is much lower than our peers: HDFC Life chief
Amitabh Chaudhry, MD & CEO, HDFC Life, is of the view that comfort level around consistency of insurers' performance going forward has improved leading to better valuations
