REINSURANCE IN INDIA Until GIC was notified as a National Reinsurer‚ it was operating as a holding / parent company of the 4 public sector companies‚ controlling their reinsurance programmes. GIC would receive 20% obligatory cession of each policy written in India. Since deregulation‚ GIC has assumed the role of the market’s only professional re-insurer. In order to focus on reinsurance‚ both in India and through its overseas offices and trading partners‚ GIC has divested itself of any direct business that
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cash position for the business does not equal to the profit for the period. By showing the spreadsheet‚ two financial statements and looking into theories of matching principle‚ prepayments and accruals‚ provisions(bad debts and depreciation)‚ it is not hard to distinguish the cash flow from the profit. Content It is vital to understand the cash position and the profit do not necessarily go together when running business. Profitable businesses still can go out of business because of cash flow
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A democrat may ask: Why is the government doing so little in general and specifically about big business? A republican may ask: Why is the national government so big and specifically why does the government regulate the economy so much? A libertarian may ask: Why is the government gigantic and regulating anything? America was founded based on the concept of equality and liberty with a fear of gigantic government‚ and excessive democracy. The founding fathers set up a system of representative democracy
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October 3‚ 2011 “Pillsbury in India” The Pillsbury case study was quite interesting. It explained how the Diageo PLC unit of Pillsbury revamps its business by venturing into India (host Country) with a “dying” product in the home country. The four questions asked at the end of the case study will be answered in this paper. Question 1: Identify and describe the roles of the product policy‚ pricing‚ promotion‚ and distribution in Pillsbury’s marketing of flour in India? Marketing mix plays a vital
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India of today Respected teacher and my dear friend‚ every India long for an opportunity to speak about how India has evolved as a country to be what it is today. “We owe a lot to the India‚ who taught as how to count‚ without which no worthwhile scientific discovery could have been made”. Tipu Sultan’s army was the first to use rockets. Bhaskaracharya discovery gravity in the 8th century‚ long before newton was even born. India has sent 13 scientific research expeditions to Antarctica since 1981
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CHAPTER 2 L.C.M. AND H.C.F. 1 Common Factor A common factor of two or more numbers is a number that divides each of them exactly. Ex. Let the numbers be 27 and 81. In this 3 is common factor. 2. Common Multiple A common multiple of two or more numbers is a number which is exactly divisible by each of them. Ex. 12 is common multiple of numbers 4 and 6. 3. L.C.M. L.C.M. stands for least common multiple. L.C.M. of two or more given numbers is the least number which is exactly divisible by each one
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Case 13 - Does cheating in golf predict cheating in business? 1) This case reports one of the worst problems of the society during the last decades - cheating. Nowadays you can find it anywhere‚ in business‚ in sports‚ everywhere if you can get an advantage of using it. This case describes a very interesting comparison between the ethical behaviour of business executives in a golf field and in their job. As everybody knows‚ golf works many times as a business sport‚ a golf field is a place where
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industrial environment and business practices in the student as a supplement to theoretical studies of administration and management in specific area like HRM. It increases the skill‚ ability and attitude of a student to perform specific job in industrial environment. Fortunately‚ I got golden opportunity to visit and complete my six week training at THE TIMES OF INDIA. Here‚ I got chance to see the functioning HRD departments and imbibe alot learning of the subjects THE TIMES OF INDIA is a wide Organization
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multiply their worth makes for an exciting prospect for owners and directors of such firms. This paper will look broadly into the internationalisation of KFC into India‚ and will discuss the key issues that led to the successes and failures of their internationalisation process. From the outset‚ expanding into a foreign market such as India looked like it could only be accompanied by huge gains for KFC. A booming Indian economy and millions of the population hungry for consumerism meant that KFC could
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Poter’s Diamond Analysis on FDI in India Factor Condition; ➢ India is the second most populous country in the world. Some 68% of the population still lives in rural areas. A total of 550 million Indians are under the age of 25 and 350 million under 15 years (IBEF‚ 2008). By 2013‚ the net addition to the productive population (age 25-44 years) will be 91 million‚ or 33 %. The biggest benefit of this demography is the high consumer base [pic] [pic] ➢ The working age populaton is expected
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