BUSINESS
Explained: Here’s what a standard drone insurance policy will look like in India
Among other things, regulator IRDAI has said that drone insurance policies should cover an operator’s legal liabilities and damages. Insurers will also have to pay for repair/replacement of insured drones. Optional covers related to cyber liability, invasion of privacy, and night flying can also be offered by insurers.
BUSINESS
Board exams amidst COVID-19: Students juggle online school, tuitions and self-study
The pandemic has turned out to be nightmare for board students struggling to keep up with the syllabus, battling exam stress, virus fears and admission worries
BUSINESS
Explained: Why are top business leaders betting big on education institutes?
The corporate honchos will access skilled quality-talent at the entry level, while their own big names will brighten the employment prospects of the candidates, who will also acquire real-world-problem-solving-skills
BUSINESS
EXCLUSIVE: We are working towards the Q3 timeline for our IPO, says LIC chairman MR Kumar
Since the Finance Ministry is looking at having Life Insurance Corporation’s IPO in Q3FY22, says LIC chairman MR Kumar, the first step will be to get the state-owned life insurer’s valuation carried out. Meanwhile, amidst the challenging business environment, LIC is eyeing 15 percent growth in new premiums this fiscal year
BUSINESS
EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar
LIC's`contrarian’ strategy when investing in equity markets, to sell when the sentiment is bullish and buy when the mood is bearish, has paid rich dividends
BUSINESS
New Labour Code: Will companies offer four-day workweek?
The proposal appears unworkable in manufacturing, where machines need to be operated round-the-clock, and project-based sectors like real estate; longer hours may also deter women workforce.
BUSINESS
Explained: Why the Union Budget's hike in customs duty in LED components may end up helping Chinese imports
Customs duty hike is imposed only on components used in LED light manufacturing and not on fully imported LED lighting.
BUSINESS
Work-from-home allows employees to juggle home chores with office work; what is your problem?
While Work from home has turned out to be cost-effective and efficient for companies, there is still a mental block In India towards corporate staff doing household chores.
BUSINESS
Budget announcement on Ulips won’t impact us: HDFC Life Insurance CEO Vibha Padalkar
Earlier, the maturity proceeds of Ulip policies were tax free irrespective of the premium paid. However, Budget 2021 has said that this tax exemption will be applicable only on the maturity proceeds of Ulips having an annual premium up to Rs 2.5 lakh.
BUSINESS
Revenue from consumer products fuelled Q3 profit growth, says Bajaj Electricals CFO
The Earnings Before Interest and Tax for the CP segment stood at Rs 142 crore, showing a 115 percent rise over the year-ago period.
BUSINESS
Explained: Here's why your favourite laptop could be out of stock
The Coronavirus-induced lockdown had shut down all production facilities globally. The sudden demand for laptops, thanks to work-from-home, has triggered an acute shortage of chips that are crucial for running PCs
BUSINESS
Union Budget 2021: Inadequate allocation for skilling, digital learning a concern
Despite the government’s stress on NEP, a 6.1 percent drop in total allocation for the Ministry of Education is considered baffling for the sector’s premier stakeholders
BUSINESS
Budget 2021: Industry welcomes insurance FDI limit hike to 74%; management control clause remains a concern
While announcing the proposal to hike FDI limit to 74 percent for the insurance sector, Finance Minister Nirmala Sitharaman said there would be 'safeguards'. Keeping management control with Indians could dissuade infusion of fresh investments from abroad.
BUSINESS
Is it time to expand maternity leave for adoption of children across age groups?
Women are entitled to maternity leave for adoption, only if the child is below three months of age at that time. This has posed several challenges to women who chose to adopt.
BUSINESS
Boomers show that age is no barrier for upskilling in India
From photography and video editing to artificial intelligence and machine learning, those over 50 are dabbling in everything. Professionals in the 30-45 age group form the bulk of India’s $2.5 billion online upskilling industry. But industry sources say the above 50-year category saw the fastest growth — a whopping 40 percent — over the last year
BUSINESS
Taskmo's task-based pricing model complements our offerings, says Quess Corp Group CEO
Under the agreement, Quess can acquire upto 49 percent stake in in digital gig worker platform Taskmo. In the first tranche, Quess is buying 16.1 percent stake for Rs 2 crore.
BUSINESS
Shortage due to pent-up demand, having fabs in India will help, says NXP Semiconductors India boss
The situation could normalise over the next three-six months, Sanjay Gupta, Vice President and India Country Manager, NXP Semiconductors, has said.
BUSINESS
IIT-Massachusetts? Under Joe Biden that could soon be a reality
Last year’s National Education Policy proposed allowing Indian Institutes of Eminence to set up campuses abroad, and the regime change in the US may well lead to that becoming a reality. President Joe Biden has stated that he plans to increase grants for new and existing higher education institutes to improve graduation rates and reduce income disparities in the US
BUSINESS
Polycab to launch IoT-based FMEG products under new brand HOHM
In an interaction with Moneycontrol, Gandharv Tongia, Chief Financial Officer of Polycab, said that HOHM would have products that could be operated from any device, be it a mobile phone or laptop.
BUSINESS
Exclusive | Covid vaccine reluctance: Adverse reactions covered under health insurance
If a policyholder experiences any discomfort after taking the COVID-19 vaccine and needs to be hospitalised for treatment, it will be covered under health insurance. However, vaccination costs or treatment/medication for minor fever, body ache by local doctors after taking the vaccine will not be borne by insurers since this does not involve hospitalisation.
BUSINESS
Virtual cover: Buying insurance against cyber crimes gets simpler, but conditions apply
For phishing, online fraud or cyber stalking, insurance covers could be widely available at affordable rates in India soon. But individuals would ensure that they are up-to-date with anti-virus security to avail of these products.
BUSINESS
Insurance FDI hike: Centre may face opposition from allies over dilution of Swadeshi tag
There is a view that hiking the FDI limit in the insurance sector from 49 percent to 74 percent could lead to foreign partners in insurance JVs taking all major business decisions, affecting nationalist interests.
BUSINESS
Why employees across India still prefer parking their money in the EPF
Easy withdrawal, especially during emergencies, has made this old stalwart a sought-after option, to the extent that many voluntarily contribute more money to the fund (VPF). However, the NPS offers asset allocation, something the EPF doesn’t.
BUSINESS
IPO-bound Stove Kraft's CMD plans increase in local production to push Make-in-India
Stove Kraft will be launching its initial public offering (IPO) for subscription on January 25. The price band for the issue, which will close on January 28, has been fixed at Rs 384-385 per share.
