Shares of the state-run insurer could be priced between Rs 2,000 rupees and Rs 2,100 each. The issue is slated to run 10-14 March if regulatory approvals are obtained in time.
Life Insurance Corporation, set for India's biggest-ever initial share sale, has a portfolio peppered with index heavyweights like Reliance Industries and ITC.
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.
LIC IPO is supposed to be India's biggest-ever public issue. The government plans to sell anywhere between 5-10% stake in the insurer, which could fetch it around Rs 1 lakh crore.
The LIC IPO, which could raise Rs 40,000 crore-Rs 1 lakh crore this quarter, is a key item in Modi govt's economic agenda, with proceeds essential to reach a budget-deficit target.
India and Korea present 'phenomenal growth' potential next year, say analysts. Additionally, they expect a number of the largest unicorns in Southeast Asia to list'.
According to sources, the rules under the Life Insurance Corporation Act, 1956, have been amended to provide an extension to Kumar in view of the ongoing preparation for the IPO.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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