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3 mins read
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
5 mins read
Even after the LIC IPO, Indian government may be well short of its divestment target — for a third year in a row
The union government might miss the divestment target for financial year 2022, which will be the th…
1 min read
LIC IPO to be launched between Jan-Mar 2022
According to Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management…
2 mins read
Do you own an LIC policy? Here is how you can link your PAN before applying for the LIC IPO
India’s largest insurance company Life Insurance Corporation (LIC), on Wednesday, released advertis…
2 mins read
India's largest-ever IPO may be shelved until next year
Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 had announced stake sale…
PTI
5 mins read
Bank unions strongly oppose divestment, a bad bank and threaten to strike
Banking unions aren’t happy with the government’s plans to divest stake in public sector banks (PSB…
2 mins read
LIC IPO: Government picks 10 merchant bankers including Goldman Sachs, Citigroup Global and Nomura
The disinvestment department had invited applications for the appointment of merchant bankers…
PTI
2 mins read
LIC IPO size might be cut to ₹30,000 crore, says report
State-owned insurance behemoth Life Insurance Corporation of India (LIC) is said to cut down its in…
2 mins read
LIC IPO may finally be launched in the last week of April, say reports
State-owned insurance behemoth Life Insurance Corporation of India (LIC) is expected to finally lau…
2 mins read
LIC receives SEBI nod for IPO to sell 31 crore shares but IPO dates not determined yet
The government is selling 31 crore equity shares through the IPO as per the draft red herring pr…
2 mins read
Julius Baer upgrades India to overweight as fastest growing major economy in 2021
Singapore-based fund house, Bank Julius Baer, has upgraded India to overweight as it will be the fa…
2 mins read
The biggest IPO of the next financial year — LIC, whose corpus is at ₹31 lakh crore
The government just announced what is likely to be the biggest initial public offering (IPO) in the…
3 mins read
Looking to unlock value in IDBI Bank: LIC chief
Explaining further, the corporation's appointed actuary Dinesh Pant said, "LIC (Act) has got a Sec…
PTI
3 mins read
Will Modi Government’s Divestment Plan Turn A Whimper?
A clutch of factors may hinder the government from meeting its target this year as well. Its plan t…
2 mins read
IL&FS has no option but to sell its profitable financial services unit as it tries to avoid bankruptcy
IL&FS is offloading a majority stake in its financial services subsidiary, IL&FS Finan…
2 mins read
After IDBI Bank, LIC now has to bail a huge infrastructure lender out
LIC is the largest shareholder in IL&FS, with a 25.34% stake. It will pump ₹40 billion int…
2 mins read
IndianOil, LIC and SBI are the only state-owned entities to feature in Brand Finance’s list of ‘most valuable’ brands
Both the Navratna companies — IOC and LIC — have risen in their rankings this year. But Indian O…
3 mins read
Government merges the Department of Public Enterprises with the Finance Ministry to bring better control over state-owned firms
Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry …
PTI
1 min read
India wants to make up for missing its fiscal deficit target, to sell $730 mn stake in NTPC ahead of budget
The government, which owns almost three quarters of NTPC, will sell about 412.3 million shares by a…
8 mins read
Markets Hit Fresh Life Highs And Experts Say Bull Run Is On; Top 20 Stock Bets
The markets are on a roll, with the Sensex and Nifty making fresh life highs, led by gains in banks…