After doing business at very high costs for a decade, the life insurance industry will have to ensure greater volumes.
One tenth mobile subscribers in India own multiple mobile phone connections, says a report.
Mahindra Satyam's Gurnani to be CEO after Tech M integration.
The seemingly paradoxical reason is rising attrition and growth in demand from the US, the industry's biggest market.
Under this programme, employees can work on innovative ideas, for which the firm will provide funding and help in setting up a team. The programme is part of the company's initiative to allocate 10 per cent of their cash reserve to initiatives that are technology-led.
Capgemini, which reported revenue of 8.4 billion in 2009, is perhaps the only European IT services firm to have successfully used its India centre as an innovation hub, as a large offshoring centre and tap the domestic market for growth.
The Insurance Regulatory and Development Authority (Irda) has stuck to its guns on returns from unit-linked pension plans. Despite several representations from the industry, the regulator has decided that insurers will have to provide guaranteed returns of 4.5 per cent on gross premiums until March 11, 2011.
The proposed change would give policyholders the flexibility to switch their insurers, with the benefits of pre-existing diseases covered from the first year of shifting to a new company. At present, pre-existing diseases are covered only after the completion of four years of a policy.
Firstsource raised $275 million (around Rs 1,265 crore) through foreign currency convertible bonds in 2007 to fund the acquisition of MedAssist.
Lavasa, Wipro, Cisco combine to launch something new in urban living.
Following recent changes to the guidelines for unit-linked insurance plans, companies are likely to focus more on single-premium products.
The US celebrates its independence day on July 4. But since it was Sunday, the American government had declared Monday as a holiday.
Shares of Indian software majors have plunged into red on news that BP would cut its spend on information technology.
Research firm Gartner today reported that worldwide IT spending will touch $3.350 trillion--an increase of 3.9 per cent from 2009. However, it simultaneously lowered its outlook for the IT industry from the first quarter of this calendar year, when it had forecast worldwide IT spending to grow 5.3 per cent. This is primarily due to the devaluation of the euro versus US dollar since the beginning of the year.
Whitehurst talks about India expansion plans, its latest offering in cloud computing and India's most ambitious project Aadhaar.
New returns norm may push us off business, say insurers
Apart from paying ransom, the policy also takes care of the reward money, personal accident, cosmetic surgery and legal expenses.
Finance ministry asks Irda to make this and other changes while clearing these products.
With the economy giving positive signals, hiring is back. However, so is attrition, with disgruntled employees demanding more or moving to greener pastures to make up for lost time and money.
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