Insurance regulator IRDAI on Wednesday proposed a standard personal accident product with common coverage and policy wordings across the industry, a move aimed at increasing penetration of the product. “Every general and standalone health insurer, who has been issued a certificate of registration to transact general and/or health insurance business, shall mandatorily offer this product,” said the draft guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI). General and health insurers should offer the product from April 1, 2021 onwards. The insurance market is having a…

Barley Barley in Jaipur is trading at Rs 1,437 a quintal. The price is expected to trade lower at Rs 1,400 a quintal following ample wheat supplies and subdued demand from the feed industry. Maize Maize in Gulabbagh is trading at Rs 1,618 a quintal. The price is expected to trade lower at Rs 1,575 a quintal following subdued demand at higher price levels and ample supplies in the market. Prerana Desai, Research head, Edelweiss Agri Services and Credit Dear Reader, Business Standard has always strived hard…

December 11, 2020 5 min read The holidays are here and with the usual merriment comes the constant stream of holiday cards. Most of us keep and display the ones sent by friends and family. Holiday cards from businesses? They’re nice, but honestly, they usually go right into the trash.   But then there are the cards sent by Jesse Guma and Lowell Freedman, two guys who run a production company called Grand Street Media that Entrepreneur has worked with over the years. Most businesses play it safe with a relatively bland, politically-correct “Season’s Greetings” card. But not these guys. Each…

Tea time is me-time and a true connoisseur wouldn’t swap it for anything else in the world. Listen to this podcast for Namrata Kohli’s chat over tea with Duggar and Goodricke Group MD Atul Asthana TopicsCoronavirus | Tea gardens Darjeeling | Darjeeling’s tea Namrata Kohli  |  New Delhi  Last Updated at December 12, 2020 20:58 IST How does one find authentic tea? If you were to rate in order of purity and even pricing, the best would be white tea, followed by Oolong, green and finally black tea. Kausshal Duggar, founder of Teabox, says his…

Initial public offerings have been doing extremely well lately, bringing to mind the excesses of the tech bubble in the late 1990s. Shares in Chinese toymaker Pop Mart International Ltd. jumped as much as 112 per cent in their debut Friday, after home-rental platform Airbnb closed 113 per cent above its IPO price in New York. JD Health International surged 56 per cent in its debut Tuesday while DoorDash soared 86 per cent inon Wednesday. Pricing IPOs The FTSE Renaissance Global IPO Index, which tracks the performance of offerings worldwide, is up 82 per…

December 11, 2020 10 min readOpinions expressed by Entrepreneur contributors are their own. When I first got into marketing, it was long enough ago that a lot of people said the internet would just be a fad. Several years later, when social media started to become a thing, most people said the same about that. Today, it’s clear how ludicrous those theories were, but there is still a tremendous amount of misinformation about social media.  A lot of people have over- or under-inflated expectations of the results they should anticipate, how much work goes into it and how they…

A persistent narrative has grown up over the years about why so many change efforts fail — or at least why they are harder than they need to be. It goes like this: A heroic leader is trying valiantly to change the organization, but he’s meeting with resistance. It comes from the layer of “permafrost” — aka long-serving middle managers. These managers are vital to the success of the change effort because they have to translate the new strategy into work streams and projects. But they’re not working fast enough or getting enough done. Is this narrative true? Given the…

Oil rose on Friday, adding to sharp gains overnight that saw Brent top $50 for the first time since March, as the rollout of coronavirus vaccination programmes fed hopes that demand for fuel would rebound up next year. Brent was up 30 cents or 0.6 per cent at $50.55 a barrel by 1:22 pm IST, after gaining nearly 3 per cent on Thursday. US oil was up 31 cents, or 0.7 per cent, at $47.09 a barrel, having also risen almost 3 per cent in the previous session. The benchmarks are…