Business
Top headlines: LIC files for IPO, Reliance could spark another telco battle
The government will sell its 5% stake in Life Insurance Company (LIC). Reliance Industries will enter the satellite broadband business. More stories from this morning’s headlines.
The government will sell its 5% stake in Life Insurance Company (LIC) through an initial public offering (IPO), of which 100% will be a tender offer. LIC filed its draft Red Herring Prospectus (DRHP) with market regulator the Securities and Exchange Board of India (Sebi) on Sunday, setting the stage for the country’s largest-ever IPO.
Market regulators are expected to approve the LIC IPO within three weeks, according to the sources. The Federal Government has frequently reiterated that the public offering of the LIC will take place within the current financial year (FY22).
It is understood that Tata Sons, the holding company of the Salt-to-software group, may remove the age limit for nominees to the Tata Trusts board. So far, nominees to the trust must retire from the Tata Sons board at age 70, although unlike independent directors, the position has never had a fixed term.
The latest changes mean that nominees to Tata Sons’ board will have permanent seats unless Tata Trust is recalled, sources said. No trustee or nominee shall serve on the board of any other Tata Group company.
Satellite broadband services are heating up. Reliance Industries ended months of speculation a few weeks ago when Jio Satellite Communications, a subsidiary of Reliance Jio, applied to the Department of Telecommunications (DoT) for a Global Mobile Personal Satellite Communications (GMCS) license.
The move will see Reliance lock the speakers in the telecom sweepstakes with its main rival, Sunil Mittal-backed OneWeb, which was the first to apply for the same license and is awaiting approval. For the uninitiated, such as the Unified Access Service License (UASL), which allows telcos to provide access to a range of terrestrial telecommunications services, GMCS provides satellite access services to customers. The only difference is that while UASL is for cities or “circles”, GMCS is for pan-India operations.
Complete News Source : Business Standard
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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
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
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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