ORIENTAL LAND; TOKYO DISNEYLAND OPERATOR SAW NET LOSS OF $497 MILLION

Highlights –

• Oriental Land; Tokyo Disneyland operator saw net loss of $497 million.
• In FY 2020 ending in March, the total number of visitors to the theme park was 7.56 million.
• The theme park’s sales stood at 170.58 billion yen,...

DELHI HC REFUSES TO STAY MEDICLAIM PREMIUM CIRCULAR

HIGHLIGHTS

• Delhi HC has refused to stay circular on Mediclaim Premium Circular from GIPSA.
• Next hearing will be on 19 AUG 2021.

In FEB 2021, a circular from General Insurance Public Sector Association (GIPSA) was issued which was to ...

INSURANCE WORKERS IN HYDERABAD ON HUNGER STRIKE

HIGHLIGHTS

• Insurance workers in Hyderabad started hunger strike on 27 JAN 2021.
• Workers are demanding settlement on owed wages.
• The workers are against the merger of four insurance companies.
• The protesting workers also want bett...

TOKYO STOCKS ON FRIDAY ENDED SLIGHTLY HIGHER

Highlights –

• Tokyo stocks on Friday ended slightly higher.
• 225-issue Nikkei Stock Average ended at 40.93 points.
• Topix index finished at 8.02 points.
• Stock issues saw gain by pulp and paper, air transportation, and land tr...

SEMIANNUAL BONUS PAYMENTS FOR WORKERS AT TOKYO DISNEY RESORT TO BE CUT; PANDEMIC

Highlights –

• Semiannual bonus payments for workers at Tokyo Disney Resort to be cut; pandemic
• Bonus payments for about 4,000 of its employees to be cut by 70%.
• The operator of the resort – Oriental Land Co. is considering additi...

AMBITIOUS RENOVATION PROJECT BY MANDARIN ORIENTAL, BOSTON TO CONCLUDE IN APRIL 2020

Highlights:

• The luxury hotel is currently undergoing refurbishments of all its 148 rooms and 10,000 square feet of event space.

• It is an ambitious and expensive affair with renovations and redesigning works costing at least US $15 million.
...

Two insurance companies of India get the nod for merger

At times during the regular operations of the business, the owner realizes that the business could do much better than the present if collaboration is made with some other business. This collaboration of different businesses at times does wonders for both the partners. Joint ventures or partnersh...

Insurance mergers to go through?

The failing finances and banking sector of the nation of India have been hinting towards the merger of major banks, and this has changed the whole banking and financing infrastructure of the nation as people, as well as investors, have started pulling out their capital from these institutions. Th...

Mergers of banks threaten the insurances

As the financial and banking systems are on the verge of collapsing in India there have been developments in the insurance sector too that have been seeing a downfall as a result of various fraudulent activities in the insurance world that have been rising in number in the recent years.