Business News

ICICI Lombard joins hand with US-based UnitedHealth Group

ICICI Lombard Insurance signs pactICICI Lombard, Country's second-largest health insurer, is partnering with US-based UnitedHealth Group, to provide health insurance products to Indian travelers.

Under the agreement, any of ICICI Lombard's 1.6 million policyholders traveling to the US will get access to UnitedHealthcare's preferred provider network as well as medical management and organized resources that align to their health needs.

New maths model to predict companies’ success, failure at share market

Washington, March 16: Taiwanese researchers have created a mathematical model, based on the principle of natural selection, which can enable people interested in share market to predict whether any

Toy industry in Varanasi passing through a rough phase

Toy industry in Varanasi passing through a rough phaseVaranasi, Mar 13: Toy industry of Varanasi is losing its sheen as it has been forced to use low quality woods following the ban on 'Koraiyya' wood traditionally used for making toys.

The cottage industry has suffered a setback due to the ban on the supply of Korraiya wood as per the forest preservation act.

The colorfully designed toys depicting dolls, animals, birds and other figurines have been in huge demand besides the domestic markets in many countries including France, Russia, Germany and Hong Kong.

Brits throwing away half of all food produced on farms

London, Mar. 2: Britons are throwing about 20 million tons of food out each year, which is the equivalent of half of the food import needs for the whole of Africa.

Paranjpe Nominated As New CEO Of HUL

Nitin ParanjpeHindustan Unilever (HUL) has made announcement about the major changes in the Management Committee of the company.

The company has nominated Nitin Paranjpe, currently Executive Director, Home & Personal Care, as the new Managing Director and CEO of the company.

The recent declaration makes the 44 years-old Paranjpe, the youngest CEO & MD of the country’s biggest FMCG company.

Douglas Baillie, now MD and CEO of HUL, has been brought up to join the Unilever Executive as the President, Western Europe.

NIIT Tech Buys 100% Stake In Softec GmbH

NIIT TechnologiesA global IT solutions provider NIIT Technologies announced that the company has signed up a share purchase agreement with Softech GmbH.

Under the agreement, NIIT Technologies will buy 100 percent share capital of Softec GmbH.

Softec GmbH is German-based Company providing IT solutions in airlines revenue accounting. The company also holds a major market share of about 40 small to medium airlines within Europe, Africa and Asia.