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LIC Ernakulam Division achieves Rs. 1000 crores first premium target
Friday, 1 February, 2008
Ernakulam (Kerala), Feb.1 (ANI): The Ernakulam Division of the public sector Life Insurance Corporation of India (LIC) has completed Rs. 1000 crores as on January 31, 2008. This is the first time that a division of the LIC iscrossing this mark as its first premium income.
The division is now hoping to achieve a target of 1500 crores rupees by March 31, 2008, said Anil Kumar, its senior divisional manager in Kochi.
Kumar told media persons here that the division continues to be ranked first among 105 LIC divisions in the country, and added that the entire income has been generated from over 4,42, 000 LIC policies.
The other branches that stood out in collecting the first premium income in the state were Irinalikudda with Rupees 77 crores, Kunumkullam with Rupees 73 crores and Thrissur with Rupees 70 crores.
The major share, about 90 percent, has come from the ULIP business under its Market Plan.
Kerala, which has got a major share In the LIC business due to it being a stronghold of NRI and NREs', has till date covered more than 28 lakh policies.
The state has three LIC revenue divisions with 24 branches, 11 sattelite offices and 1200 employees. (ANI)
--MP Labels: Business
It s now turn for 'Made in Kerala' brand
Saturday, 15 December, 2007
The Grand Kerala Shopping Festival (GKSF), which commenced on December 1, will promote the tourist and economic interests of Kerala. The 45-day event will promote the 'Made in Kerala' brand and will enlarge the markets for traditional, spice and manufactured products. Mr. T.
Balakrishnan, Principal Secretary, Industries and Dr. Venu V., Secretary, Kerala Tourism informed that over the next five years, the shopping festival would become an international event.Coinciding with the tourism and pilgrim seasons of the state, the fete is expected to benefit both the traders and the retail outlets of Kerala. The fete has also arranged attractive discount deals and lucky draws with prizes totaling Rs.100 million, to attract foreign and domestic tourists. Dr. Venu V., informed that the government is trying to make the festival operationally flawless. "We are prepared to experiment with new ideas like night shopping and exclusive pedestrian corridors in commercial areas", he said. More details are available in the site: www. grandkeralashoppingfestival .com
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-AA Labels: Business
IBS Inaugurates its New Campus at Technopark, Trivandrum
Saturday, 27 October, 2007
IBS Software Services, a leading global provider of new-generation IT solutions to the Travel, Transportation and Logistics industry, inaugurated its fully-owned campus at Technopark, today. The facility was inaugurated by the Chief Minister of Kerala, Shri. V S Achuthanandan. Also present on the occasion were Shri. Oommen Chandy, MLA, Leader of the Opposition, Shri. C Ajayakumar, Secretary IT, Government of Kerala, Shri. Radhakrishnan Nair, CEO, Technopark and CEOs and heads of various companies in Technopark, among others."The support of the State Government and the excellent infrastructure available at Technopark and Infopark have encouraged us to maintain Kerala as the hub for our India operations. The State is emerging as a key IT destination and IBS' growth over a decade is testimony to our belief in Kerala." said VK Mathews, Chairman & Managing Director, IBS Group. "This campus at Trivandrum, marks a beginning for the next level of our aggressive growth plans, as we aim to grow into a Rs 1000 Crores company by 2010. We also have plans to set up other campuses within Kerala in Cochin and Calicut and to open development centers outside the State." he added. The facility just inaugurated, is the first of four blocks in the IBS campus, spread over 5.26 acres of land within Technopark. With a built-up area of approx 4,50,000 square feet, the Campus will accommodate over 4,000 professionals in a spacious, self-sufficient, modern work-environment. Two multi-storey office blocks, an activity center, an open-air theater,
cafeteria and parking lots are to be completed in the next phase. The campus is expected to cost Rs 125 Cr and will be completely operational by 2009. IBS has developed the Campus under the SEZ Scheme as an approved co-developer, and the first phase has been completed at a record pace. The state-of-the-art facility, apart from accommodating developers and engineers, will house the Company's ASP datacenter from where application
services will be provided to its customers world-wide. IBS India currently operates out of two hundred thousand square feet of office space in three buildings within the Technopark, Trivandrum and two buildings within Infopark, Cochin. IBS also has two development centers outside the country in London and Washington DC in addition to its global business centers situated at Atlanta, Phoenix, London, Dubai, Hong Kong, Tokyo, Melbourne, Sydney. Labels: Business, Thiruvananthapuram
Lorry Strike To Continue
Wednesday, 24 October, 2007
Chief Minister VS Achuthanandan and Lorry owners made a futile attempt today to bring a possible breakthrough in the ongoing strike called by the Lorry Owners Federation. The CM said the Federation is challenging the government and the Court. He said adequate steps will be taken to tackle the strike so that it does not affect public.The Lorry Owners Federation called the strike began from midnight of October 18th. The discussions between Transport Minister and lorry owners failed on Monday. The decision was taken in protest against the government’s negligence towards the association’s petition in connection with the lorry operators’ welfare fund.Labels: Business
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