IRDAI pulls up 8 top insurers over health portfolio lapses, may take coercive action — Report
The Insurance Regulatory and Development Authority of India has started the process to issue show cause notices to as many as eight insurance companies after allegedly finding lapses in their health insurance portfolios, a report said. As per the report by CNBC TV18 on Friday citing sources, the eight companies that were are being sent…
MCX to launch bullion index options amid high volatility
MUMBAI: Close on the heels of one of the most frenzied buying phases in gold and silver that the country has ever seen, Multi Commodity Exchange (MCX) is launching options contracts on its bullion index that’s based on prices of gold and silver futures contracts. MCX, the biggest exchange in India for trading in derivative…
Indian IT sector hit by ‘silent layoffs’: 50,000 people may lose jobs this year; what’s driving the widespread firings?
The technology services sector is witnessing a fundamental transformation from personnel management to competency-based organisation. (AI image) The Indian IT sector has been hit by a wave of what experts are calling ‘silent layoffs’! These firings may lead to as many as 50,000 people losing their jobs in the IT sector by year-end.Whilst precise dismissal…
