Loknath Das, Author at Pinfaves

EXCLUSIVE: LIC’s equity investment in FY20 likely to reach above Rs 70,000 cr, an all-time high

November 15, 2019November 15, 2019 Loknath Das000, 70, above, all-time, an, Cr, equity, EXCLUSIVE:, FY'20, In, investment, LICs, Likely, Reach, Rs., to

Life Insurance Corporation of India (LIC) is likely to end FY20 with an all-time high equity investment (gross) of around up to 72,000 crore, an all-time high, sources said. In FY19, LIC invested around Rs 68,620 crore into the equity market. “We have already crossed Rs 33,000 crore and the second half of the year is expected to be robust considering the new business premiums have also seen a high growth,” said an official. While the year-on-year (YoY) growth will be 3.5 percent, LIC’s equity investments hold significance because it is…

Google has access to detailed health records on tens of millions of Americans

November 13, 2019November 13, 2019 Loknath DasAccess, detailed, Google, Has, Health, Millions, of, On, records, tens, to

Google quietly partnered last year with Ascension—the country’s second-largest health system—and has since gained access to detailed medical records on tens of millions of Americans, according to a November 11 report by The Wall Street Journal. The endeavor, code-named “Project Nightingale,” has enabled at least 150 Google employees to see patient health information, which includes diagnoses, laboratory test results, hospitalization records, and other data, according to internal documents and the newspaper’s sources. In all, the data amounts to complete medical records, WSJ notes, and contains patient names and birth dates. The…

Lupin sells Japanese business Kyowa for enterprise value of Rs 3,702.4 crore

November 12, 2019November 12, 2019 Loknath Das3, 702.4, business, enterprise, for, Japanese, Kyowa, Lupin, of, Rs., sells, ‘value’

Lupin, India’s third-largest drugmaker on November 11 said it has entered into a definitive agreement for the sale of its entire stake in its Japanese subsidiary Kyowa Pharmaceutical Industry Co to Japan-based private equity firm Unison for an enterprise value of Rs 3,702.4 crore. Lupin will get net proceeds of $300 million from the sale, which will be used to pare debt and invest in core markets of the US and India. Under the terms of the agreement, Lupin’s subsidiary Nanomi B.V. will divest its entire stake (99.82 percent) in…

LinkedIn launches ‘Open for Business’ globally for small businesses, freelancers

November 11, 2019November 11, 2019 Loknath Dasbusiness, Businesses, for, Globally:, Launches, LinkedIn, Open, Small

Professional networking platform LinkedIn announced on Monday the global launch of Open for Business, a feature that allows freelancers and small business owners to add their services to their LinkedIn profiles, making them discoverable from a LinkedIn search. The feature is now live in India, following an initial roll-out in the US in July 2019, and is a great way for freelancers and small businesses to indicate they’re ‘Open for Business’. Open for Business allows small businesses and freelancers to showcase the services they provide, directly on their profiles. This…

Maddinson out of Australia A side due to mental health issues

November 10, 2019November 10, 2019 Loknath Dasa, Australia, Due, Health, Maddinson, mental, of, Out, Side, to

Cricket Australia say it is committed to better understanding the mental health challenges in the game after Nic Maddinson yesterday became the second player this season to withdraw from a national side due to the issue. The in-form batsman was potentially one big score away from a Test recall when he pulled out of the Australia A game against Pakistan due to start on Monday. Sean Abbott was swarmed by his Australian teammates after a wicket against Pakistan. Western Australia’s Cameron Bancroft has been drafted into the Australia A side…

Sinclair leads $10.3M investment in rideshare advertising startup Octopus

November 8, 2019November 8, 2019 Loknath Das$10.3M, Advertising?, In, investment, Leads, rideshare, Sinclair, Startup

Octopus Interactive, a startup bringing an interactive TV and ad experience into Uber and Lyft rides, has raised a $10.3 million funding round led by Sinclair Digital Group. Backseat TVs mixing show snippets and commercials have become a common part of the taxi experience in New York City and elsewhere. Octopus is offering something of a more interactive version of this concept to rideshare drivers, who can use it to keep their passengers entertained and also earn extra money. Octopus says it provides drivers with tablets that combine games (which…