December 2021 | Page 136 of 165

Life Insurance Corporation of India rolls out Dhan Rekha plan

LIC has introduced new Dhan Rekha plan with effect from December 13, 2021. LIC’s Dhan Rekha is a non-linked, non-participating, individual savings life insurance plan. The plan has unique offerings. There are special premium rates for female lives, and the plan is allowed to the third gender. Sum assured: 2,00,000. Maximum amount: Nil Survival benefits: 20 years- 10% of Basic Sum […]

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Anjalli Ravi Kumar appointed as CSO of Zomato

Ex-Unilever executive Anjalli Ravi Kumar has been appointed as Chief Sustainability Officer (CSO) of Zomato. Prior to this, she worked with Unilever as Global Sustainability Director. She is a recipient of the Unilever Global Heroes Award in 2017 for launching a unique mobile skilling programme. Apart from her, Nitin Savara has been appointed as the Deputy Chief Financial Officer of the

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Pawan Kumar appointed as Director (Commercial) of IGL

Pawan Kumar has been appointed as Director (Commercial) of Indraprastha Gas Limited (IGL), a joint venture company between GAIL (India) Limited, BPCL, and Govt of NCT of Delhi with effect from 01 December 2021. His tenure will be of three years subjects to approval by shareholders of the company. He replaced Amit Garg who has been

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Five Indian brands in the top 100 global powers of luxury goods list

Five Indian brands are in the top 100 global powers of luxury goods list with Tata group firm Titan, moving up three places to rank 22nd and being among the 20 fastest-growing luxury goods companies, according to a Deloitte report. Kalyan Jewellers, Joyalukkas, PC Jewellers, and Tribhovandas Bhimji Zaveri Ltd, have been ranked 37th, 46th, 57th,

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RBI introduces tough PCA framework for large NBFCs

The Reserve Bank of India (RBI) on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs) with effect from October 2022, putting restrictions on para-banks whenever vital financial metrics dip below the prescribed threshold. It will put restrictions on para-banks whenever vital financial metrics dip below a prescribed threshold. The move will

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Leena Nair appointed as global CEO of ‘Chanel’ Fashion House

An Indian-origin longtime executive at Unilever Leena Nair was chosen to be the new CEO of the luxury fashion house Chanel. She will assume the office with effect from January 2021. She was working with Unilever for over 30 years, most recently as the chief of human resources and a member of the company’s executive committee.

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Govt laid the foundation stone for Maa Umiya Dham Development Project in Gujarat

On December 11, 2021, Union Home Minister Amit Shah laid the foundation stone of Umiya Mata Temple as well as its premises at Umiya Campus in Sola in Ahmedabad, Gujarat. The temple and other buildings will be developed at a cost of Rs 1,500 crore on 74,000 square yards of land. Prime Minister Narendra Modi has virtually attended and addressed

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BCCI forms committee for differently abled cricketers

The Board of Control for Cricket in India (BCCI) has formally formed a committee for the differently-abled cricketers of the country to enable them to play under the aegis of the BCCI. In April this year, the Apex Council of BCCI (Board of Control for Cricket in India) recognized the Cricket Council for Disabilities of

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David Warner & Hayley Matthews Bags ICC Player Of The Month For November

The International Cricket Council (ICC) adjudged explosive Australian cricketer (opener) David Warner and West Indies all-rounder Hayley Matthews as the respective Men and Women’s Player of the Month award winner for the month of November. Warner, nominated for the ICC Men’s Player of the Month award alongside Pakistan’s Abid Ali and New Zealand’s Tim Southee, emerged victorious with the

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India successfully tests long-range Supersonic Missile Assisted Torpedo

India has successfully tested a long-range Supersonic Missile Assisted Torpedo (SMART) off the Balasore coast in Odisha and the weapon system is being developed by Defence Research and Development Organization (DRDO). The system has been designed to enhance anti-submarine warfare capability far beyond the conventional range of the torpedo. About the system: The system is a

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