If successful, the insurance firm would surpass digital payments startup Paytm as India’s biggest IPO; with Rs 50,000 crore in contrast to Paytm's Rs 18,300 crore raised in November 2021.
RBI will enter into sell-buy swaps worth $5 billion with banks on 8 March to elongate the maturity profile of its forward dollar book, it said in a statement Monday.
LIC life insurance policies taken by policyholders for deaths due to all causes would not imply Covid deaths were underreported, the govt said in a statement Saturday.
LIC is a flourishing money tree. But as investors and govt try to pull it their way, the roots that have been kept alive by a trusting Indian middle class over 60 yrs might start to dry up.
Modi govt was expected to bring legal changes in banking laws to facilitate privatisation of PSU banks, but couldn’t after a nationwide protest by bank employees' unions.
So far, the govt has raised Rs 12,029 cr from disinvestments in FY22, Budget has revised target down to Rs 78,000 cr. Assumption is that the rest will be brought in via LIC IPO.
Move comes after FM Sitharaman sharply reduced asset-sale targets at budget announcement, raising questions about how much she plans to raise from the LIC IPO.
Sitharaman said any delay won't be due to a lack of political will. The 65-year old insurer's internal valuation hasn't been done & the process will take time, she added.
Conservative clerics warned Muslims against garba as impermissible; now Hindu right-wing groups call their presence provocative—different reasons, same outcome.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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