SUD LIFE MANAGING DIRECTOR
Shriram Life Insurance launches Deferred Annuity Plan
Shriram Life's Deferred Annuity Plan, starting at Rs 60,000 annually for ages 40-75, offers a 5-10 year deferment period before annuity payments commence. Providing a Return of Purchase Price, it ensures financial independence, particularly for entrepreneurs not under social security. Premium is refunded upon terminal illness or death, stated MD and CEO Casparus J H Kromhout.
L&T using generative AI to enhance processes across project lifecycle, says MD Subrahmanyan
To fuel this innovation, L&T has launched a collaborative platform connecting aspiring data scientists with domain experts and technology champions to develop cutting-edge, future-proof solutions, S N Subrahmanyan said during 79th Annual General Meeting.
India Inc now picks its C-level champions from indoor pool
Indian companies like Mahindra and Aditya Birla Group are increasingly focusing on internal talent pipelines for leadership roles, showcasing a shift towards nurturing seasoned professionals for longer tenures within the organization.
NHAI InviT head Suresh Goyal to quit
Prior to joining NHAI InvIT, Goyal was the Head of Macquarie Infrastructure and Real Assets for South East Asia & India region. Under Goyal, Macquarie Group had won the rights to manage 648km of national highways by bidding Rs 9,682 crore in an auction National Highway Authority of India (NHAI) in 2018.
RBI to ease compliance burden while fine tuning regulations to address evolving risks
RBI Governor Shaktikanta Das emphasized the importance of strong governance and resilient financial systems at the global conference on financial resilience. Highlighting new guidelines set for release next month, Das noted the need for clear roles and responsibilities for boards and executive management, balancing business growth with robust risk management to ensure long-term success
ETMarkets Smart Talk: Modi 3.0 unlikely to be over-populist at the cost of compromising fiscal discipline: Amar Ambani
In my opinion, the election event is done and dusted, and the market won’t read too much into it, to endure drastic corrections akin to the knee jerk reactions seen on poll outcome day.
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Shriram Life declares Rs 201 cr bonus in FY'24, up by 35%
Shriram Life Insurance has declared a bonus of Rs 201 crore for the financial year ending March 31, 2024, due to a 35% increase in premium income. The bonus payout will benefit 3.86 lakh policy holders. The surge in new business premium in FY'24 was driven by new partners, technology upgrades, and focused sales.
Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Quant Fund
Aditya Birla Sun Life has launched Aditya Birla Sun Life Quant Fund, an open-ended equity scheme following Quant-based investment theme. The New Fund Offer (NFO) is open for subscription and will close on June 24.
Shivaji's life depicted in 115 paintings at a Delhi exhibition
Mohan, in his address, extolled the Maratha ruler traced the genesis of the exhibition and added that Gore has "agreed to gift" this collection to the Ministry of Culture, and there is a plan to give it a permanent space in Delhi.
How mutual fund managers decode RBI rate pause for investors?
The Monetary Policy Committee of Reserve Bank of India has decided to maintain the policy rate at 6.50% in the latest review, impacting mutual fund managers' strategies and market reactions.
'Bad Cop' series to debut on Disney+ Hotstar this month: Gulshan Devaiah and Anurag Kashyap in lead roles
The action drama series "Bad Cop" is set to debut on Disney+ Hotstar on June 21, featuring Gulshan Devaiah and Anurag Kashyap in lead roles. The show, directed by Aditya Datt, follows the story of Karan, a fierce cop played by Devaiah, who is pitted against Kazbe, a powerful villain portrayed by Kashyap. As their paths intertwine in unexpected ways, the series promises a classic cop vs villain narrative with plenty of twists and turns.
PNB MetLife names Sameer Bansal new MD and CEO
PNB MetLife India Insurance has appointed Sameer Bansal as the new managing director and chief executive, effective July 1. Bansal, with over 25 years of financial services experience, succeeds Ashish Srivastava. Srivastava will now head New York-based MetLife Inc’s global shared services team in India. The appointment is subject to regulatory approvals.
Tackling plastic pollution: A call to action for India
Plastic pollution has reached alarming levels, causing devastating consequences for the environment. From clogging waterways to threatening marine life, the pervasive presence of plastic waste demands immediate action.
Around one-third employees experience age-related discrimination at work: Study
The 'Ageism in the Workplace' study by talent company Randstad India revealed that 31 per cent of employees in India have experienced discriminations due to their age and such discriminations are mostly prevalent during recruitment process, especially in job advertisements of organisations.
Young Sherlock Holmes Series: Here’s what we know about episode count, cast, director, plot, production team
Amazon Prime Video orders an eight-episode series based on Andy Lane’s "Young Sherlock Holmes" novels. Hero Fiennes Tiffin stars in the lead role with Guy Ritchie directing. The series explores Sherlock Holmes at age 19, as he becomes involved in a murder mystery at Oxford University.
Extreme Heatwave: How Delhi Zoo and Wildlife SOS are safeguarding animals
Delhi is experiencing a severe heatwave with temperatures soaring to 52°C. The Delhi Zoo and Wildlife SOS are actively implementing measures to protect animals from the extreme heat. These include installing coolers and sprinklers and enhancing diets. Despite these efforts, many animals, particularly birds, continue to suffer, prompting free treatment initiatives by the Charity Bird Hospital in Chandni Chowk. The situation underscores the need for ongoing and intensified efforts to safeguard urban wildlife from extreme weather.
Shriram Life Insurance eyes expansion of business across geographies
Shriram Life Insurance plans to expand into tier 2 and 3 towns across 15 states, focusing on underserved customer segments needing life insurance, said MD and CEO Casparus J H Kromhout. The company aims to deepen its presence in key states like Andhra Pradesh, Telangana, Tamil Nadu, Uttar Pradesh, Odisha, and Bihar.
67% startup employees prefer moving to established firms: CIEL HR survey
According to the findings of a survey on hiring and recruitment trends by Ciel HR Services, about 67% of the workforce is open to transition to established firms. The report is based on the data and analysis of 130,896 employees across 70 startups in India, along with 8746 job postings sourced from various job portals.
Companies look to rework benefits for multi-generational workforce: Survey
A survey by Marsh India Insurance Brokers revealed 70% of companies seek new-age benefits and 50% aim to cater to the multi-generational workforce, focusing on Generation Z. Employers are designing comprehensive benefits tailored to diverse needs, including mental health support and flexible solutions.
Buyers want bigger, better homes and are willing to pay for them: Aakash Ohri, Joint managing director, DLF Home Developers
DLF plans to launch 90% of its 11.6 million sq ft projects in FY25 in the super luxury segment, with a revenue potential of Rs 36,000 crore. Concerns arise over projects selling out rapidly, but DLF assures low cancellation rates and high end-user demand. DLF emphasizes timely delivery and a cautious business approach amidst cyclical market trends.
IndiaFirst Life Insurance appoints Rushabh Gandhi as MD & CEO
IndiaFirst Life Insurance has announced the elevation of Rushabh Gandhi, currently the deputy CEO, as its new MD and CEO. Gandhi, with over 29 years of experience in Indian and international markets, will succeed R.M. Vishakha, who is retiring on June 30. Gandhi's appointment is effective July 1 or upon regulatory approvals. The move aligns with the company's succession planning, leveraging Gandhi's strategic vision and experience in driving growth and profitability. His appointment is subject to IRDAI approval and other statutory clearances.
3GV by Rx Propellant receives the World’s first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building
Rx Propellant that specialises in life science real estate projects across India has portfolio in Hyderabad, Bengaluru, and Mumbai. The company has taken the helm in developing 3GV as a flagship life sciences and pharma centre, with a total built-up area of 150,000 sq. ft.
Government gains PSU muscle as stocks climb peaks
The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.
RBI allows Ujjivan Small Finance Bank to rope in former SBI veteran as MD & CEO
The Reserve Bank of India has approved Sanjeev Nautiyal as the Managing Director & CEO at Ujjivan Small Finance Bank for three years, effective from July 1, 2024. Nautiyal, with over three decades of banking experience, will hold the position of President before officially assuming his role, subject to shareholder approval. Ujjivan praised Nautiyal's leadership qualities and strategic retail banking expertise, expressing confidence in his ability to further the bank's mission of financial and digital inclusion.
Tata AIA Life Insurance crosses Rs 1 lakh crore in assets under management
Tata AIA Life Insurance Company Ltd. has crossed Rs 1 Lakh crore in assets under management (AUM). The company has doubled its AUM from Rs 50,000 crore (August 2021) to Rs 1 lakh crore in less than three years.
Merck names Dhananjay Singh as MD of Life Science business in India
In his role as MD, Dhananjay Singh will be responsible for driving the life science strategy in India, ensuring governance and compliance alongside other leaders from Merck's businesses in India.
PNB MetLife appoints Vijayalakshmi Natarajan as chief risk & compliance officer
Natarajan, an industry veteran with over three decades of experience, is responsible for enterprise compliance, risk management, design and implementation of internal controls, and policies and procedures, the company said.
Patanjali MD Acharya Balkrishna unconditionally apologises to SC in contempt case
Submitting an "unqualified apology," Balkrishna in his affidavit said that he regretted the advertisement which was meant to contain only general statements, but “inadvertently” included the offending sentences. The personnel of the media department of Patanjali Ayurved were not cognisant of the top court's November order, he said.
Future Generali India Life Insurance appoints Alok Rungta as managing director & CEO
Rungta, currently serving as the Deputy CEO and CFO, will succeed Bruce De Broize, who is the MD & CEO until March 31, 2024.
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