Business
Govt extends term of IPO-bound LIC’s chairman & MD by one year
The government has extended the term of the chairman of the IPO Life Insurance Company (LIC) for another year to facilitate the smooth listing of the insurance giant, sources said.
In addition, the government extended the term of one of the managing directors, Raj Kumar, for another year.
With the extension, MR Kumar will remain as LIC chairman until March 2023, sources said.
This is the second extension of the LIC chairman. In June last year, he was given a nine-month extension given LIC’s planned IPO by the end of the current financial year.
The government has extended MR Kumar’s term from June 30, 2021 to March 13, 2022, the date when he will complete his three-year period, sources said.
The government wants to list LICs in this financial year based on the budget announcement.
Finance Minister Nirmala Sitharaman said in her budget speech that LIC’s initial public offering (IPO) will be listed in 2021-22 as part of an ambitious Rs 175 crore divestment target.
The government owns 100% of LIC. Once listed, it is likely to become the country’s largest company by market capitalization, with an estimated valuation of Rs 8-1 crore.
Complete News Source : Mint
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Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
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Regular Exercise Breaks
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Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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