TopicLife Insurance Corp
Topic: Life Insurance Corp
Sitharaman said any delay won't be due to a lack of political will. The 65-year old insurer's internal valuation hasn't been done & the process will take time, she added.
All India LIC Employees’ Federation, which represents about 4,000 of LIC’s roughly 114,000 employees, warns of jobs losses & says company may focus on profit-maximising after IPO.
The insurer issued a clarification in response to reports alleging the company was suffering heavy financial losses.
Covid has led to 5.6 million deaths, but antimicrobial resistance is likely to log 10 million deaths annually by 2050. Its treatment has led to antibiotics' overuse, which has spiked drug resistance.
The stake sale, which will give Generali majority control over the JV, comes as the Future Group is locked in a prolonged legal battle with partner Amazon.
Both the ‘Royal’ prefix for the Navy and Air Force in India, as well as the absence of such a label for the Army, have their roots in British military and political history.
Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.