OKIE Electronics to enter AC, air-cooler segment in 2021; plans to set up factory in Maharashtra
OKIE Ventures, which was set up in 2011, has been contract manufacturing mobile phones, sound systems and accessories for foreign brands. Earlier this year, it launched LED televisions under its own label. Encouraged by the response, it is now venturing into the air-conditioner and air-cooler market
One-time-usage insurance is slowly becoming a must-have for Indians
Usage-based insurance as a concept has slowly been introduced into the Indian market through the pilot products under the sandbox method. This means that these products only have validity of six months which can be extended further if required by the regulator.
Influencing the influencers: If you’re good friends with a SocMed celebrity, this could be just the job for you
Customer-facing companies in the FMCG, retail, banking/financial services and e-commerce sectors are looking for Influencer Relationship Managers to manage social media influencers for brand endorsements
Explained | Why your next iPhone could be made in India and what it means for the country
Once Apple starts making iPhones in India, it would encourage other global electronic majors to set up production facilities as well, giving a boost to the country's ambition to emerge as a manufacturing hub.
Here’s why your health insurance premiums have risen sharply in 2020
Insurers say claims due to Covid treatment at hospitals are steadily increasing, while the pandemic has also led to medical inflation reaching 19.5 percent. In addition, they insist that with some hospitals not adhering to standardised rates, exaggerated medical claims are being filed. Regulator IRDAI has, however, clarified that it has only permitted the insurers to change the base premium by +/- 5 percent from the originally approved rate
Despite Covid-19, Rs 1 crore-plus pay packages are back at IITs
There has been a 15 percent increase in the number of Rs 1 crore-plus salary packages offered at IITs. This was driven by a 20 percent increase in the number of international offers at these engineering campuses, initial estimates indicate
Insurance sales are now 100% online - but this is why you should be cautious
Insurance agents are now taking advantage of the dispensation of the physical signatures by selling policies to unaware customers.
Explained: Here’s how LIC agents will sell life insurance policies digitally
ANANDA, a digital application developed by LIC’s in-house IT team, will be used by its agents to sell policies to customers across the country. While agents will continue to be the go-between, the entire sales process will play out online and will be completely paperless. LIC expects this to increase productivity while ensuring the safety of its agents and customers by limiting face-to-face interaction amid the pandemic
Technical education in mother tongue: Where are the teachers?
The education ministry is setting up a task force for preparing a roadmap for imparting technical education in mother tongue. But some students have a doubt: “Won’t it hamper our chances of securing international jobs?”
Covid-19 impact: How work bubbles are bringing corporate teams together in private stays
Rather than work from home, where coordination sometimes becomes difficult, critical teams move into a small hotel, villa or homestay and are cloistered there, sometimes for up to a month, to complete their tasks. This approach helps companies finish projects quickly by enabling team members to connect in person in a safe environment
Solvency ratios of life insurers under pressure, says Milliman
To deal with this situation, Milliman research said several insurers are aiming to raise additional capital. Solvency is the minimum capital requirement for insurers, and it is set at 150 percent
Covid-19 vaccine: Your existing health policy is unlikely to cover costs, adverse reactions
Currently, all Covid-related hospitalisation is covered by traditional health insurance policies. Additionally, there are special health insurance covers only for Covid. But contrary to popular perception, existing health insurance policies are unlikely to cover the cost of vaccination and adverse reactions, if any. Only policies designed purely for the Covid-19 vaccination process — there is none at the moment — will cover the costs
Job loss insurance: Policybazaar CEO says new products to provide affordable cover, EMI relief on losing income
Policybazaar has launched a vertical wherein individuals fearing a job loss can purchase relevant insurance policies from the website.
upGrad eyes larger play in lifelong learning space via M&A route
New acquisitions won’t be merged into upGrad but will operate independently, under the parent
‘Leave shaming’ employees needs to stop in India
Romanticising working without any leaves, vacation is becoming common at Indian workplaces amidst COVID-19 led remote working. But this is just not worth it.
Coronavirus impact: Hiring activity resumes but the skill sets needed have changed
While companies are looking at hiring talent with digital skills at the lower and middle levels, at the leadership and managerial level, candidates need to have the ability to handle remote, floating teams
COVID-19 impact: Business school admissions likely to have added layer of e-competitions
New processes like artificial intelligence and augmented reality could become part of the selection process. Spot case-study competitions and AR-based aptitude tests that would last 4-7 minutes would test the candidates’ agility, responsiveness, problem-solving ability and analytical thinking.
Customs duty on open-cell panel for TVs may be gradually hiked to boost local manufacturing
Sources told Moneycontrol that the plan is to increase the import duty gradually to 8-10 percent in the next three years. A direct impact of this will be that television makers importing these products would increase prices of TV sets by close to 5 percent.
School fees issue: Parents may move court to seek uniform rule for hikes, other charges
A series of decisions have already been given by various high courts, but parents argue that there should be one view. The education ministry has advised schools to allow payment of fees on an installment basis and not hike them this year. However, it is only an advisory and not a mandate.
Back to school: Here’s why parents don’t want to send their child to physical classes yet
Schools won't take full responsibility for each child during physical classes and parents don't want to risk COVID-19 infection. Hence, e-classes would continue for a while in India.
Dual impact of COVID-19 and smog doubles demand for air purifiers
COVID-19 affects the lungs the most and those who have tested positive are said to have prolonged effects on breathing. Also, stubble-burning during winter leads to a higher level of smog. These could make air purifiers a must-have this year. Every year, about 2 lakh purifiers are sold in India. The market is estimated at Rs 400 crore.
Max Bupa Health Insurance CEO says looking to expand aggressively into Tier 3, 4 towns
Krishnan Ramachandran, MD & CEO, Max Bupa Health Insurance said that the company will tap the agency channel and bank branches to reach out to new customer segments.
Projects are picking up, especially in the residential segment: Deepak Chhabria, Executive Chairman, Finolex Cables
He believes the worst is over and a V-shaped recovery is seen ahead. In the last two months, there has been a sudden requirement for wires for making harnesses for cars. The company is also planning to enter two other categories in the electrical goods space, Chhabria said.
Getting youth job-ready: Govt to focus on digital technology, cyber and entrepreneurship in next phase of skilling India
An industry-wide mapping will first be done to identify which skills have become outdated and which are in demand. For each sector, the in-demand skills and job positions for those skills with salary will be assessed and certification programmes will be developed.
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