Home Tags LIC

Topic: LIC

This is how IL&FS has planned to rescue itself

Rescuing IL&FS, which has a total debt of $12.6 billion, is vital to stem the risk of default spreading to other lenders.
A pedestrian walks past an IDBI Bank Ltd. automated teller machine (ATM) branch in Jaipur. Photograph: Sanjit Das/Bloomberg via Getty Images

LIC’s plan to acquire IDBI stake hits snag as Delhi HC says act in interest of stakeholders

Court observation comes on a plea by IDBI officers that LIC proposal will result in IDBI losing status as public sector bank.

Is Modi govt being reasonable or reckless in using LIC to back its ailing public sector?

Experts weigh in on LIC's active participation in the disinvestment exercise of the government to rescue its struggling public sector companies.

On Camera

PM Narendra Modi and Xi Jinping | Commons

India must keep Beijing on tenterhooks, and wisely use its economic statecraft

A knee jerk disruption in trade ties will hurt Indian businesses, especially at a time when the economy is beginning to re-adjust to the new normal of Covid-19.
File photo of a Bharat Petroleum Corporation gas station in Mumbai

India’s fuel demand from cars to factories is beginning to bounce back

Provisional fuel sales in June climbed within 88% of 2019 levels from less than half in April in the midst of the world’s biggest lockdown, oil ministry said.

Defence

Indian Army (representational image) | Photo: PTI

India keeps tight watch on Pakistan as ceasefire violations rise at LoC amid China standoff

According to govt figures, April, May and June (as of 25th) have seen 387, 382 and 302 ceasefire violations, respectively — a three-fold rise since 2018.
Illustration by Soham Sen | ThePrint

India must believe threat of war is real, even if Chinese build-up is coercive diplomacy

India invented coercive diplomacy with Op Parakram. But unlike Pakistan back then, it must never blink, be prepared for war, and wear out the Chinese.