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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…

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…

Adani Group moves Bombay HC seeking to stop investment into GVK Airport Holdings

November 6, 2019November 6, 2019 Loknath DasAdani, airport, Bombay, group:, GVK, HC, Into, investment, Moves, Seeking, Stop, to

According to GVK’s counsel, a deposit of around Rs 1,254 crore was made into an escrow account on October 29. The Adani Group on Tuesday moved the Bombay High Court (HC) seeking to restrain the GVK Group from completing an investment transaction of GVK Airport Holdings, the holding company of Mumbai International Airport (MIAL), without first giving a notice on right-of-first-refusal (RoFR) to Bid Services Division (Mauritius), which holds 13.5% in the airport. The move follows GVK’s announcement last week that a subsidiary of National Infrastructure Investment Fund (NIIF), Abu…

5 Investment Ideas For Those Looking To Invest Rs 1-5 Lakhs

November 5, 2019November 5, 2019 Loknath Das1-5, 5%;, for, ideas, Invest, investment, looking, Rs., those, to

If you are looking to invest Rs 1-5 lakhs, you should look at investments that are safe and yield good returns. If you are looking at a longer term tenure of 3-5 years, there are many instruments. Here are a few that you could consider: Fixed Deposits of Bajaj Finance The fixed deposits of Bajaj Finance are not a bad bet, if you are looking at a medium term tenure of 3-4 years. A 36-month deposit offers an interest rate of 8.35 per cent, which is not bad at all.…

Mental health days for students: An increasingly accepted reason to stay home from school

October 21, 2019October 21, 2019 Loknath Dasaccepted, an, Days, for, From, Health, Home, Increasingly, mental, Reason, Stay, Students', to

Public school students would be allowed to cite the need for a mental health day as an excuse to miss school, under a bill filed in the Florida Legislature for the 2020 session. The proposal is part of a growing movement in multiple states aimed at improving students’ mental well-being. Rep. Susan Valdes, D-Tampa, says she wants to elevate mental and behavior health issues to the same level as the flu, colds and dental appointments as a legitimate reason for students to call in sick. “It is time for us to take mental…