businessfortnight

image courtesy : freepik.com Each business has to go through transformations as the years pass by. Due to the advancement in the technology and Internet of Things, adapting to these changes is the only way a business can thrive in today’s world. The same applies to the insurance industry. Since the largest working population in India are millennials, the traditional selling models of the insurance industry are no longer effective. Over 34 percent of the Indian population are millennials forming approx. 47 percent of the total workforce. The insurance industry can only thrive if it evolves to satisfy the growing needs of the millennials. In India, many insurance providers still sell products with a traditional approach (via agents). The millennials are a technologically advanced generation, and hence choose online means to buy insurance products. Along with the buying habits, the product preferences, financial objectives, and career journey of the millennials are different from that of...

Ms. Jyoti Vaswani, CIO, Future Generali India Life Insurance Company Ltd – “Facing an economic maelstrom, global economies have begun to deliver robust fiscal and monetary response to tackle the coronavirus outbreak. Nations across the world have come up with a mixture of rate cuts, liquidity boosting measures,  tax incentives, loan guarantees, wage subsidies in order to shield their citizens as well as its enterprises from the devastating effects of the pandemic. India is adopting a calibrated approach to managing the covid induced slowdown in the economy. Today RBI announced the second tranche of liquidity boosting measures in an attempt to address the aftermath of the ongoing crisis .  The much needed liquidity support to the struggling  NBFC/HFC /MFI sector in the form of TLTRO 2 and refinancing through NABARD, NHB and SIDBI would aid to ease the incumbent funding and liquidity issues in the sector. The further deduction of reverse repo rate by 25 bps to 3.75% would ...

Mr. Nish Bhatt, Founder & CEO – Millwood Kane International, an investment consulting firm on RBI announcement “RBI announced a series of measures today, in an effort to boost liquidity, help the economy get back on track. The Central bank announced measures to boost inject liquidity worth Rs. 50,000cr to ease the pressure in the system. As a part of this exercise, RBI will provide Rs. 10,000cr to National Housing Bank (NHB) to support Housing Finance Companies, RBI also allowed NBFC to extend the Date of commencement for loans given to commercial real estate without treating it as a restructuring will provide relief to NBFC as well as the real estate sector.   While the policy rate unchanged at 4.40%, other key rates unchanged but the central bank slashing the reverse repo rate cut by 25 bps from 4% to 3.75% will discourage banks to park funds with it and lend to end-consumers. The real estate sector needs ease in lending rates to help boost demand. In a move to relax regula...

Pnxbet has announced the launch of its new live esports section, which will fill the gap left by all the traditional sports that have either been postponed, or cancelled due to the ongoing global pandemic. Press Release – updated: Apr 17, 2020 10:35 EDT WILLEMSTAD, Curacao, April 17, 2020 (Newswire.com) – The gambling and sports betting industries have experienced a jarring and unprecedented change in their respective markets this year due to a global disruption to almost every sport, as a result of the ongoing pandemic. As many sites scramble to come up with a stop-gap, leading sports betting platform  Pnxbet has launched Live eSports , a whole new category that allows users to watch, and bet on eSports in real-time. Sports Betting On Hol​d ​ The pandemic is affecting many different industries and aspects of everyday life. Betting on sports is no longer an option, as most of the major competitions around the world have been canceled or postponed. Some of the biggest ...

“”At the headline level, the liquidity support specific to NBFC is a welcome news. Reducing the reverse repo rate to 3.75% from 4% and Rs 50,000 crore booster package showcases RBI’s clear objective to safeguard the economics and strengthen the finance of the Indian society at large. NBFCs and HFCs, primary lenders to the real estate developers, will be the biggest beneficiaries. NBFCs now allowed to extend realty loans by 1 year, subject to project delay of unavoidable circumstances, should play up a positive sentimental value in the realty sector.  We expect more series of fresh measures to come from RBI to accentuate the credit growth in the country in the uncertain times of the pandemic.”

New Delhi, April 17, 2020:  Coronavirus is becoming an immense threat to the world like no other we have probably seen in our living memory. SHARP, as one of the most renowned Air Purifier manufacturer across the world, has decided to supply 44 units in total of their latest air purifiers to Safdarjung Hospital (20 units) and Civil Surgeon Hospitals in Gurgaon (20 units) and Panchkula (4 units) . SHARP Air Purifiers can play a pivotal role in ensuring air quality in the hospital by removing virus and bacteria from the Air, and help in limiting cross-infection. Highest numbers of deaths are coming from the infected patients who are “immunecompromised” (in other words, people with deficient immune system). This should also help to reduce the total viral load in the air where the Doctors and Nurses are toiling day and night. It will not be out of place here to remind the readers that more than 150 doctors and nurses have died due to Coronavirus.   Speaking on the developm...

Mr Motilal Oswal, MD and CEO of Motilal Oswal Financial Services Given the unprecedented times we are in, it is heartening that RBI is addressing all these challenges at a war footing. We believe, the key measures announced by RBI will help inject the much needed liquidity in the system, facilitate and incentivise credit flow and provide flexibility on regulatory forbearance. Markets are in buying zone. Keep accumulating and increasing equity allocations gradually.”