BBB recommends two names for forthcoming two LIC MD posts
May 09, 2021
Government looking take LIC public through mega IPO
The Banks Board Bureau (BBB), an apex body tasked to recommend candidates for the top management posts in public sector banks and state owned insurers, has recommended two names for the forthcoming two positions of Managing Director in insurance behemoth Life Insurance Corporation (LIC).
While Ipe Mini has been recommended for the first vacancy of Managing Director of LIC, the BBB has recommended B C Patnaik for the second vacancy of Managing Director in LIC.
Meanwhile, the Finance Ministry is yet to approach the Appointments Committee of the Cabinet (ACC) on the issue of recommending an extension in the tenure of the incumbent LIC Chairman M R Kumar. Although it is widely speculated that Government is bringing changes in the eligibility and experience criteria for appointment of LIC Chairman, no such formal proposal has been yet made by the Finance Ministr
Life Insurance Corporation of India (LIC) has relaxed claims settlement norms on account of the pandemic. The insurer will accept alternative proofs in lieu of municipal certificates where death has o
LIC Eases Claims Settlement Requirements Due to Surge in COVID-19 Cases in India
Due to the coronavirus spreading like wildfire every day, the Life Insurance Corporation of India (LIC) has announced relaxations in several claim settlements requirements.
| 8 May 2021 2:35 PM GMT
New Delhi- Due to the coronavirus spreading like wildfire every day, the Life Insurance Corporation of India (LIC) has announced relaxations in several claim settlements requirements.
In annuities with the return of capital, the insurers have pardoned verifications of life certificates for annuities due till October 31st, 2021. They will still accept life certificates sent through emails in other cases.
Where a death occurs in a hospital, in lieu of the municipality-issued death certificate, the insurer has allowed alternative proofs of death.
IDBI Bank shares up almost 15% intraday on Govt decision to divest stake
May 06, 2021
LIC too may reduce its shareholding in the bank
IDBI Bank’s shares rose almost 15 per cent in Thursday’s trading vis-a-vis the previous close as the Government decided on a strategic disinvestment of its stake and transfer of management control in the Bank.
In intraday trading so far, the bank’s shares touched a high ₹43.50 apiece and a low of ₹40.15. The shares closed at ₹37.95 on Wednesday.
The bank, in a regulatory filing on Wednesday, said the Department of Investment and Public Asset Management (DIPAM) has informed that the Cabinet Committee on Economic Affairs has given its in-principle approval for strategic disinvestment of Government of India’s (GoI) stake, along with transfer of management control in IDBI Bank Ltd.
Rimmel London Announces Adwoa Aboah As New Global Brand Activist
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LONDON, May 6, 2021 /PRNewswire/ Rimmel London is proud to announce international model and mental health advocate, Adwoa Aboah, as the new global activist for the beauty brand.
Celebrating bold individualism, Adwoa will be the face of major beauty campaigns and product launches throughout 2021 and beyond. Adwoa and Rimmel London are like-minded in advocating self-expression and believe in the freeing power of makeup, not to transform but to empower all wearers.
Adwoa Aboah for Rimmel London (PRNewsfoto/Rimmel London)
Born and raised in London, Adwoa began modelling at the age of 18 and landed her first VOGUE cover at the age of 22. Having modelled for some of the world s most internationally renowned and iconic fashion houses, Adwoa now joins a long list of trailblazing women who have previously been the face of Rimmel London, including Kate Moss, Georgia Ma