JSW Steel Chairman Sajjan Jindal speaks during a news conference in Ahmedabad in July, 2015. | Amit Dave/ Reuters Sajjan Jindal, the chief executive officer of Jindal Steel Works earned 1,052 times as much as the firm’s average employee in the financial year of 2018-’19, according to a report on the pay ratios of India’s top executives compiled by two economists. The pay ratio at the firm improved in 2019-’20, with the CEO salary amounting to 581 times the average employee, the economists found. The pay ratio is the ratio of the top salaries in a group to the bottom salaries. The report was compiled by Reetika Khera, an associate professor of economics at the Indian Institute of Technology...
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Reliance Capital begins asset monetisation process NEW DELHI: Anil Ambani-led Reliance Capital, which recently defaulted on repayments to its debenture holders and other creditors, has begun the process for monetisation of its assets, market sources said. The key assets of Reliance Capital include Reliance Securities, Reliance Health and Reliance General Insurance Company. Other assets include Reliance Nippon Life Insurance, which is a 51:49 joint venture with Nippon Life, and Reliance Capital’s 49 per cent stake in Reliance Asset Reconstruction Company. The market sources said Reliance Capital has begun its monetisation plan and expression of interest (EoI) by the trustee —...
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Reliance Jio vs Airtel vs Vodafone: Most efficient prepaid plans under Rs 500 Reliance Jio vs Airtel vs Vodafone: Most efficient prepaid plans under Rs 500 With the majority of people locked in their homes in India, the data consumption has increased by many folds. The government had announced a 21-day lockdown in India and this led to a majority of people working from home. In a situation like this when a person is confined to his home 24*7, he will obviously spend the better part of this day fiddling with his mobile phone and browsing the internet. So in this scenario, what you need the most is a good internet plan. It doesn’t matter if you are Vodafone, Jio or Airtel subscriber, the...
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Airtel Has a New Rs 179 Prepaid Recharge That Bundles Rs 2 Lakh Life Insurance Cover Things are really moving fast in the telecom space as mobile companies look to retain existing customers and attract new ones at the same time. Bharti Airtel has announced the launch of a new prepaid recharge pack for its customers across all telecom circles—it is priced at Rs 179 and the most attractive thing about it is the Rs 2 lakh worth of life insurance cover that you get with this prepaid pack. The Airtel Rs 179 prepaid pack has a validity of 28 days and bundles unlimited calls to any mobile network in India, 2GB of data and 300 SMS as well. However, the real value addition is the Rs 2 Lakh life...
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The civilized man has built a coach, but has lost the use of his feet. He is supported on crutches, but lacks so much support of the muscle. He has got a fine Geneva watch, but he has lost the skill to tell the hour by the sun. A Greenwich nautical almanac he has, and so being sure of the information when he wants it, the man in the street does not know a star in the sky. The solstice he does not observe; the equinox he knows as little; and the whole bright calendar of the year is without a dial in his mind. His notebooks impair his memory; his libraries overload his wit; the insurance-office increases the number of accidents I checked a book of Ralph Waldo Emerson’s essays out of the...
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Opening up of China's insurance and pension sector is credit positive: Moody's Foreign financial institutions will also be allowed to set up or invest in pension fund management companies and hold more than 25% in insurance asset management firms. At the same time, foreign life insurers operating in China will be given greater management autonomy and more flexibility in their expansion plans. According to a commentary from Moody's Investors Service (financial institutions group) VP-senior analyst Frank Yuen and associate managing director Sally Yim, these rules are credit positive for China’s insurance industry because they will raise foreign participation in the industry and...
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The Insurance Regulatory and Development Authority (IRDA) is examining the proposal from Reliance Life Insurance to rope in Japanese insurer Nippon Life Insurance Company as a strategic partner with 26 per cent stake. “We received an application from them, I think, yesterday. We are examining it,” Mr J. Hari Narayan, Chairman, IRDA, told Business Line here on Wednesday. On Monday, Nippon Life signed an agreement with Reliance Capital, of which Reliance Life is a wholly-owned subsidiary, to acquire 26 per cent stake for Rs 3,062 crore. When asked whether there was any merger proposal from Reliance General Insurance and Royal Sundaram General Insurance Company, the Chairman said: “Yes. They...
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reliance-life-traditional-plans:traditional plan Reliance Life Insurance is amongst the top 5 private sector life insurance companies. The company is one of the largest non-bank supported private life insurer and currently it has 10 million policy holders, 800 branches and over 1, 00,000 advisors. Reliance Life caters to five distinct segments, namely Protection, Child, Retirement, Saving & Investment and Health; for individuals as well as Groups/Corporate entities. Reliance Life Insurance is a part of Reliance Capital of the Reliance Group. Reliance Capital is one of India's leading private sector financial services companies, and ranks among the top private sector financial services...
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Benefits of Reliance Nippon Life Insurance With a comprehensive portfolio that covers a variety of life insurance plans that caters to the financial needs of a diverse customer base, Reliance Nippon Life Insurance Company makes it relatively easy to find the policy that perfectly meets your requirements. According to Brand Equity’s Most Trusted Brand Survey 2015, Reliance Nippon Life Insurance Company ranked among the Top Three Most Trusted Life Insurance Service Brands. Whether it is child plans, retirement solutions, savings and investment plans, or protection plans, Reliance Nippon has made all kinds of plans and policies available to individual entities as well as groups. Different...
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Reliance Life Insurance Company Ltd in Ramdas Peth, Nagpur A part of the expansive branch network, Reliance Life Insurance Company Ltd. near Ramdas Peth, Nagpur caters to the insurance needs of the citizens. A unit of Reliance Capital, this organisation is a leading private sector life insurance company in India. It was established with a vision to become a company that people are proud of, trust in, and grow with, and to provide financial independence to every life they touch. With this vision in mind, this insurance company caters to five distinct segments, namely protection, child, retirement, saving and investment, and health. In FY 2016, Nippon Life increased its stake in the company,...
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