Business Brief
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Business AHMEDABAD THURSDAY 27/2/2020 7 LIC listing may get delayed due to procedural glitches: Fitch Artificial limbs to be lighter New Delhi, Insurance Company, United IPO, once executed, may also sions could be subjected to Business Brief The Indian India Insurance Company encourage some of the additional scrutiny and ap- in weight, long lasting government’s proposed IPO and Oriental Insurance other private sector insur- provals,” Fitch said. of state-owned Life Insur- Company - and subse- ance companies to list some LIC is one of the promi- Lucknow, to last longer, she said. Facebook acquires VR quently list them in the of their shares in the stock nent institutional investors Artificial limbs (prosthe- Singh said that a key is- ance Corporation of India sue was wear and tear of the (LIC) will improve the ac- stock market. The merger is market over the medium in several public sector as- ses) made in the depart- likely to conclude in 2020 term, although the current sets, and in multiple in- ment of physical medicine pressure points in the earlier developer Sanzaru Games countability and transpar- material. Since the new ma- ency of the country’s largest after being delayed almost insurance regulation does stances has obtained excep- and rehabilitation at the San Francisco, by a year due to several fac- not require all insurers to be tions from the insurance King George’s Medical Uni- terial is tougher and can sus- Facebook has acquired Sanzaru Games, the de- insurer but is unlikely to tain more pressure at pres- happen during the next fis- tors including the insurers’ listed publicly. regulator to increase its versity, will now have in- veloper behind the best virtual reality (VR) game of weak capital strength. A publicly-listed LIC will stake in investee companies creased longevity and will sure points (the places 2019 titled “Asgard’s Wratha for an undisclosed sum. cal, Fitch Ratings said on where the body weight Wednesday. The government in 2017 be subject to stringent dis- above the regulatory own- also become lightweight Sanzaru Games would join Facebook’s Oculus Stu- had already listed New India closure requirements stipu- ership cap of 15 per cent. with change in material and comes upon the prosthesis) dios as an “independently operated studio”, reports “The procedural and le- the wear and tear will be gal bottlenecks in terms of Assurance Company and lated by the Securities and The proposed IPO, once manufacturing methods. uploadvr.com. “We’re thrilled to share that Sanzaru is amending certain sections General Insurance Corpora- Exchange Board of India. executed, could broaden Shagun Singh, who less. She further explained joining the Oculus Studios team! Together, we will tion of India - two of the This will create a strong cul- the insurer’s capital base heads the workshop in the that the manufacturing continue to pursue a future of rich, immersive and of the LIC Act, conducting method had also been independent valuations as largest insurance compa- ture of compliance and ac- and improve its regulatory department, said, “We are original VR game content. Excited for what’s to come!” nies in the country - through countability within the in- capital position, which was gradually shifting from ther- changed and instead of Sanzaru Games said in a statement. well as obtaining regulatory manual work for shaping approvals may delay the ex- an IPO route. surer. “We think the insurer’s 160 per cent at end-March mosetting plastic to “We can confirm the vast majority of Sanzaru will Fitch believes that the investment allocation deci- 2019, slightly above the polypropylene plastic for pressure points, vacuum be joining the Oculus Studios team,” Facebook said ecution beyond the pumps will now give it government’s target dead- benefits may trickle down to sions will be rationalised too, regulatory minimum of 150 making prosthesis. Patients in a statement. the entire domestic insur- as major investment deci- per cent, it said. will get the benefit as the shape. This reduces air pock- Facebook in November last year acquired Beat line of end-March 2021, “ ets and chance of breakage Fitch said. ance industry in terms of at- artificial limbs made from it Games, the developer of popular Virtual Reality Similarly in 2018, the tracting more foreign inter- will be lighter and long last- to increase the accuracy. The rhythm game called Beat Saber. Beat Games became est, which could result in an ing.” In thermosetting plas- types of prosthesis that will part of Facebook’s VR gaming Group Oculus Studios. government announced its use changed material in- decision to merge three increase in foreign capital Ex-J&K minister appeals to govt to tic, the workshop staff was At its sixth Oculus Connect conference in Septem- inflows into the industry. required to fill cotton stock clude below knee, above ber, Facebook shared its vision for VR and plans to state sector non-life insur- knee, through knee, above ance companies - National The agency expects the and fibre glass to make it build the future of computing with people at the cen- evacuate J&K students from Iran tough to sustain the pres- ankle, partial foot, above el- tre with new updates for Quest VR Headsets. Among Srinagar, Tuesday, taking the sure. But in most cases of bow and below elbow pros- the announcements was Oculus Link which allows Former PDP minister country’s overall death toll first-time users, this material thesis. Trials have already users to connect Quest with a PC via a USB-C cable, Altaf Bukhari on Wednesday to 15 and infection tally to did not last more than a year. begun, and people have re- including announcing Horizon and finger tracking for appealed to the central gov- 95. I am in touch with the The new material (polypro- sponded well to prostheses Quest. The company also announced Facebook Hori- Accenture opens 3rd ernment to evacuate ministry of external affairs, pylene plastic) is designed made with the new mate- zon, a new social experience in VR where one can Kashmiri students and busi- government of India and rial. build their own worlds with easy-to-use tools (no cod- Innovation Lab in India nessmen stranded in Iran have submitted details of ing skills required). due to the coronavirus out- over 240 J&K students who Disclaimer Pune, nology and innovation capa- break in that country. are stuck in Shiraz, Tehran CHANGE OF NAME Accenture on Wednes- bilities from around the and other cities of Iran,” Adverstisement I have changed my name from Realme ropes in Salman Khan In a statement here, appeared in this News day opened its third Innova- world, enable our clients to Bukhari said the rising num- Bukhari said, while appeal- TRIVEDI PRITESHKUMAR scale their technology in- Paper have not been BHUPENDRAKUMAR to tion Hub in India that would ber of deaths and number of ing to the government to verified factually and as new brand ambassador help clients co-innovate with vestments and boost their take measures for safe TRIVEDI PRITESH infected people in Iran has “WESTERNTIMES” does BHUPENDRABHAI New Delhi, company experts acrobs in business outcomes across created fear among resi- evacuation of these stu- not stand responsible for the enterprise, and create Add.: 11, Sukunsiddhi Chinese smartphone maker Realme on Wednes- Bengaluru and Hyderabad, dents of Jammu & Kashmir dents at an earliest. the sales proposition. Apartment, L.G. Chowky, the company said in a stss new opportunities for local who are stranded in Iran and day roped in Bollywood superstar Salman Khan as its talent,” he added. Nr. L G Corner, Maninagar brand ambassador. advanced technologies, in- their families here. Ahmedabad-380008 The actor will be endorsing the brand’s upcom- cluding extended reality, Ar- Located abs in Bengaluru “As we know that Iran 4079 tificial Intelligence (AI), the and Hyderabad, the com- has confirmed three more ing Realme 6 and Realme 6 Pro devices. Internet of Things (IoT), pany said in a stt SP Infocity deaths and 34 new cases on “What makes Salman Khan the best choice for us Blockchain and quantum in Pune, the new innovation it that he enjoys a massive appeal across various re- computing, among others. hub will have more thanbs in gions and demographic profiles of India. Part of Accebs in Bengaluru and Hyderabad, “That brings immense value to us as one of the Bengaluru and Hyderabad, the company said in a st unique selling propositions of our brand lies in mak- the company said in a 1,200 employees, featuring ing cutting edge technology, fun, stylish, quality- stnture’s global innovation Accenture’s second Nano driven products within everyone’s reach and across network, the Innovation Hub Lab in the Asia-Pacific region. all price segments. Having Salman Khan on board in Pune will seamlessly inte- The Nano Lab will show- with a mammoth fan following will help us reach and grate with the Innovation case the latest break- tap into that target audience of ours,” Madhav Sheth, Hubs in Bengaluru and throughs in applied research Vice President of Realme and CEO of Realme India, Hyderabad, the company from Accenture Labs world- said in a statement. It is pertinent to note that this is said in a statement. wide. Some of the focus ar- the first time the actor is working with a smartphone “At Accenture, we are fo- eas of the innovation hub in- brand. Commenting on the partnership, Salman Khan cused on helping our clients clude helping clients de- said: “I am happy to be the face of the world’s fastest predict and prepare for these velop new customer experi- growing smartphone brand.