State-run Life Insurance Corporation of India (LIC) has committed Rs 600 crore for its digital transformation journey, Sunder Krishnan, chief risk officer said on Wednesday. The insurance giant is also aiming to become completely "paperless" in two years. "We have hired a large system integrator for more than Rs 400 crore, a consultant for digital transformation for Rs 100 crore, and Rs 100 crore for agency transformation.
However, many of these firms were facing an uphill task of convincing the people on the ground to return to work, as many are apprehensive of their safety.
Swiggy is following a path that seems similar to what Meituan, one of China's largest O2O (online-to-offline) platforms that delivers food, sells movie tickets and offers hotel reservation, has done so far, reports Patanjali Pahwa.
The reopening of schools and colleges has sparked a crisis in the edtech sector with falling valuations, slowing funding rounds and faltering investor sentiment. In a totally altered, post-pandemic landscape where students are back at school and colleges, companies are scrambling to revert to bricks-and-mortar tuition centres and adopting a hybrid model of offline and online education. Demand for online tuition has fallen, affecting the revenue of edtech companies in recent months. After two years of booming revenues, some experts say the sector is looking at a possible meltdown.
The big names in Indian cricket, of late, have opted to stay away when it comes to applying for the national selector's job.
Chanting slogans of "Modi Modi" and India-US friendship, Indian Americans walked in a procession for over an hour towards the historic Lincoln Memorial where the participants busted into an impromptu dance.
"This is something to be proud of," said Raj Panjabi, who is currently serving as Senior Director for Global Health Security and Biodefence on the White House National Security Council.
Summary of sports events and persons who made news on Monday
In the wake of the Supreme Court-appointed Justice RM Lodha committee's landmark verdict on the Indian Premier League spot-fixing case announced on Tuesday, Sundar Raman, the Chief Operating Officer of the IPL, has said that he is awaiting the investigating officer's report on the same.
'This film is a product of a dangerous trend to take just a sprinkling of truth, mix it with free-flowing speculation and present it as historical facts,' says Manavi Kapur.
The Supreme Court-appointed high-level Committee, headed by former Chief Justice of India Rajendra Mal Lodha, proposed two-year suspensions on IPL franchises Chennai Super Kings and Rajasthan Royals. Here's what the verdict means.
Taking exception to Health Minister Harsh Vardhan not mentioning the death of healthcare workers due to Covid-19 in his statement in Parliament, the Indian Medical Association has published a list of 382 doctors who died due to the viral disease and demanded that they be treated as "martyrs".
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