Aditya Birla Sun Life Insurance (ABSLI), the life insurance arm of Aditya Birla Capital Limited (ABCL), is now up to provoking people to self-realise their needs through its new high-octane campaign. The company thinks that a majority of people are yet to fully comprehend the role Life Insurance can play in their lives and Life Insurance has ended up becoming a savings or an investment or a tax-saving tool, depending on how it gets sold to the end customer. The campaign is being rolled out across 36 TV channels and social media.
As a commercial airline pilot, Theresia Eberbach typically weighs several factors when deciding which trips to fly — the dates, destination and how long she’ll be away from home. Unlike most of her peers, Eberbach often has another variable to mull: How much radiation she’s willing to take.
Jeff Bezos changed the way America shops. Now, he wants to change how it pays for things.
With a foray into financial services, Amazon.com Inc. could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees. That could be bad news for the likes of Visa Inc. and Mastercard Inc., as well as a host of other players.
The general notion of women wanting to invest in physical assets like gold and property need not be true. With awareness about different savings products increasing, women prefer to invest in life insurance products.
A survey done by India First Life Insurance and Assocham found that life insurance was the most popular choice of the respondents with at least 72 per cent wanting to invest in it followed by deposits both fixed and recurring at 69 per cent and mutual funds at 61 per cent.
On the occasion of international women’s day, Avanse Financial Services, a leading education finance company, has launched an exclusive education loan offer for girl students aspiring to pursue higher education. It will offer 12-year term against the normal 10-year term, 25 per cent discount on processing fee and a 1 per cent reduction in interest rate. The offer starts from March 8 and concludes on March 31.
Paytm founder Vijay Shekhar Sharma, 39, is the youngest Indian billionaire, while 92-year-old Samprada Singh, chairman emeritus of Alkem Laboratories, is the oldest, according to Forbes. Sharma, ranked 1,394th on the list with a fortune of $1.7 billion, is the only Indian billionaire in the under-40 league.
THE Gem and Jewellery Export Promotion Council has sent show cause notices as to Nirav Modi and Mehul Choksi as to why their primary membership should not be cancelled or suspended in the wake of the PNB scam. GJEPC is also talking to banks and the government, seeking support for the small and medium diamond processors who are facing bank finance crunch post the scam.
India on Wednesday pitched for a sovereign rating upgrade by Fitch, citing the latest growth figures, buoyant revenue collections and strong fundamentals and banking reforms.
Fitch has a BBB-, the lowest investment grade sovereign rating, on India, with a stable outlook. In November last year, Fitch’s rival Moody’s had raised India’s credit rating from the lowest investment grade of Baa3 to Baa2, and changed the outlook from stable to positive in 14 years. The Fitch rating of India is set for an annual review in a couple of months.
The Serious Fraud Investigation Office (SFIO) is widening its probe in the `12,622 crore fraud at state owned Punjab National Bank (PNB).OnWednesday, PNB managing director and chief executive officer Sunil Mehta (in pic) appeared before the SFIO here after being summoned for recording his statement in connection with the fraud. The SFIO which works under the ministry of corporate affairs is also expected to call officials of nearly 31 banks which have an exposure to the companies of diamond traders Nirav Modi and Mehul Choksi.
Tech major Infosys has released a global research that provides insights into how and why organisations are adopting and investing in new digital technologies and strategies.