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Life Insurance Corporation of India’s Initial Public Offering to open on May 4, sets price band at ₹ 902 to ₹ 949 per Equity Share

• Price Band of ₹ 902 – ₹ 949 per equity share bearing face value of ₹ 10 each (“Equity Shares”). • Discount - ₹ 45 per Equity Share to Retail and Eligible Employee Category and ₹ 60 per Equity Share to Policyholder Category • Bid/Offer Opening Date – Wednesday, 4 May, 2022 and Bid/Offer Closing Date – Monday, 9 May, 2022. • Minimum Bid Lot is 15 Equity Shares and in multiples of 15 Equity Shares thereafter. • The Floor Price is 90.2 times the face value of the Equity Share and the Cap Price is 94.9 times the face value of the Equity Share.   Risks to Investors: • For Fiscal 2019, Fiscal 2020, Fiscal 2021 and the nine months ended December 31, 2021, the Life Insurance Corporation of India (“Corporation”) had a market share of 66.4%, 66.2%, 64.1% and 61.6%, respectively, in terms of total premium in the Indian life insurance sector • The entire Net Proceeds will be paid to the President of India and the Corporation will not receive any proceeds of the Offer •Our individual...

MoS Finance Dr. Bhagwat Kishanrao Karad inaugurates PNB branch at AURIC City, Maharashtra

Mumbai, April 25, 2022: Punjab National Bank (PNB), a leading Public Sector Bank in India, today opened its new branch at Aurangabad Industrial City (AURIC), Maharashtra. Dr. Bhagwat Kishanrao Karad – Minister of State (Finance) inaugurated the Bank's branch, accompanied by Shri Atul Kumar Goel - MD & CEO of PNB, Shri B P Mahapatra – CGM Mumbai and other bank staff.  With the inauguration of the bank branch at AURIC city, PNB's presence has reached 389 branches in rural, semi-urban and urban areas of Maharashtra. Presently, the Bank's branch share stands at 3 % and its business share at 3.7 % among the Scheduled Commercial Banks (SCB) in the State. With the view to scale up the market share and become a household name in this region, PNB has sanctioned the opening of 13 more branches in the State.  Presently, PNB has ten branches with Rs 1000 plus crore of business in the Aurangabad district. The opening of the AURIC city branch allows the Bank to cater to the need of m...

OMRON Healthcare India Appoints Kotaro Suzuki as Managing Director

Mumbai, April 25 2022:  OMRON Healthcare India, a leading player in digital home blood pressure monitoring segment, has announced appointment of Kotaro Suzuki as its new Managing Director. Prior to this assignment, Mr. Suzuki has served in numerous senior leadership roles including domestic & overseas sales, corporate strategy planning, product planning, across varied geographies during his more than 25-years long association with the healthcare business division of OMRON.  Commenting on the appointment, Mr Frans Velkers – Chief Operating Officer, OMRON Healthcare Singapore Pte Ltd said, “India plays a significant role in OMRON Healthcare’s APAC business expansion plan, and with Kotaro spearheading the business, we are confident of strengthening our growth & footprints in the country. OMRON Healthcare strives to realize its vision of “Going For Zero” via enhancing the usage of preventive care to minimize the occurrence of events within the cardiovascular, respiratory, ...

Swiggy launches “Step-Ahead” – creating a career path for seasoned Delivery Executives in Mumbai

The formalized program will help eligible delivery executives grow into managerial roles April 25, 2022:  Swiggy, India’s leading on-demand convenience platform today announced the launch of what is potentially an industry-first- an accelerator program for its delivery executives to transition into full-time, managerial-level jobs with a fixed salary and additional benefits. The program, named “Step-Ahead” is aimed at giving an opportunity to those executives who want to move from their current flexible engagement with Swiggy to a dedicated, managerial role. To be eligible for the role of a Fleet Manager, a Swiggy delivery executive must hold a college degree, possess communication skills and basic computer knowledge and should have been delivering with Swiggy for a few years. Managing a fleet of delivery executives, the fleet managers, will be responsible for different roles like maintaining metrics like login hours, cancellations, resolving queries, and working on special project...

GoodGameNation signs Viral Fission to drive India's largest college esports competition with ₹3 Crores in cash prizes.

Exclusive partnership to create campus communities in 3000 colleges over 3 years; to include coaching and career opportunities to top performers Mumbai XX, 2022: Viral Fission, Asia's largest GenZ community, today announced that it has signed a multi-year contract with GoodGameNation (GG Nation), India's first and only esports-as-a-service platform, to create India's largest esports championship and transform gaming from a hobby to a lucrative career option for millions of Indian student gamers by creating gaming clubs and gamer communities across campuses in India.  Esports is the fastest-growing sport globally and is the competitive format of video gaming, and is now a medal sport in Asian Games and Commonwealth Games; esports are also under consideration for the Olympics. To unearth and attract gaming talent that can represent India on the world stage, GoodGameNation has also announced its plans to disburse ₹ 3 crores in cash prizes.  Over the course of three years, this...

Household brand Syska Group aims to achieve INR 250 crore revenue in the fans segment

Mumbai, 25th 2022: Syska Group, the leading FMEG (Fast Moving Electrical Goods) brand in India, envisions witnessing more robust growth momentum this year for its fan's vertical. Syska has set a target of INR 250 crore revenue gain, banking on pent-up demand from consumers as India will experience a hotter summer. Syska entered the fans market with a diverse product line that includes ceiling fans, decorative fans, premium fans, table fans, wall fans, pedestal fans, exhaust fans, portable fans, exclusive under light fans, ABS Body fans, BLDC & smart fans. Syska has been on a steady upward path, expanding its product line into additional sectors to reach every household. These wide varieties of fans are available across a variety of leading retail and e-tail stores, offering customers the preference and comfort of purchasing the ideal product for their requirement. Syska will continue to increase its distribution network in general trade across Tier-1, 2, 3 cities and enhance it...

Awareness about fake messages in social media in the name of India Post.

India Post over the recent days has been observing various URLs/Websites getting circulated in social media such as WhatsApp, Telegram, Instagram and through emails / SMS containing tiny URLs/ Short URLs, claiming to be providing Government Subsidies through certain surveys, quizzes.  We wish to inform the citizens of the Country that India Post is not involved in any such activities like announcing Subsidies, Bonus or Prizes based on Suryveys etc. Public receiving such notifications/messages /emails are requested not to believe or respond to such fake and spurious messages or share any personal details.   It is also requested not share any personally identifiable information such as date of birth, Account numbers, mobile numbers, place of Birth & OTP etc., India Post though is taking necessary action to prevent these URLs / links / Websites to be taken down through various prevention mechanisms.   Public at large is once again requested not to believe or re...