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India to list LIC by current fiscal year end, says govt official

Finance

11 August, 2021

India to list LIC by current fiscal year end, says govt official

The Indian government expects to list state-owned Life Insurance Corp (LIC) by the end of the current fiscal year, and ......

Grapevine: Delhivery to raise $800 mn in IPO; Bansk to control SC Johnson India

General

11 February, 2021

Grapevine: Delhivery to raise $800 mn in IPO; Bansk to control SC Johnson India

SoftBank-backed logistics firm Delhivery plans to raise $800 million (about Rs 5,820 crore) in its initial public offering (IPO) this ......

Govt eyes asset sales to partly fund higher spending next year

Economy

30 December, 2020

Govt eyes asset sales to partly fund higher spending next year

India is likely to spend more next fiscal year than this year's budgeted $415 billion and prioritise infrastructure projects, relying ......

Grapevine: NIIF emerges as top bidder for Mahindra Susten's assets

General

16 December, 2020

Grapevine: NIIF emerges as top bidder for Mahindra Susten's assets

The National Investment and Infrastructure Fund (NIIF) has emerged as the top bidder to acquire about 617 megawatt worth of ......

Grapevine: Google eyes Twitter-backed ShareChat; Apollo Global joins fray for BPCL

General

24 November, 2020

Grapevine: Google eyes Twitter-backed ShareChat; Apollo Global joins fray for BPCL

Google is in preliminary talks to acquire Twitter-backed regional language social media platform ShareChat at a valuation of over a ......

Vedanta says interested in buying govt's stake in BPCL

Manufacturing

18 November, 2020

Vedanta says interested in buying govt's stake in BPCL

India’s Vedanta Ltd, the billionaire Anil Agarwal-controlled metals-to-oil conglomerate, said on Wednesday it was interested in buying the government’s stake ......

Govt extends bid submission deadline for stake in BPCL

Manufacturing

30 July, 2020

Govt extends bid submission deadline for stake in BPCL

India's finance ministry said Wednesday it had extended the deadline for submission of bids for the sale of its stake ......

Sensex, Nifty record strongest quarter in 11 years

Markets

30 June, 2020

Sensex, Nifty record strongest quarter in 11 years

Indian shares ended lower on the last day of its best quarter since 2009, led by losses in energy stocks, ......

Sensex, Nifty gain on bank stocks' boost; focus on stimulus

Markets

06 May, 2020

Sensex, Nifty gain on bank stocks' boost; focus on stimulus

Indian shares rose on Wednesday on the back of a resurgence in banking stocks as markets awaited government stimulus measures ......

Sensex, Nifty rise but record worst month since 2008

Markets

31 March, 2020

Sensex, Nifty rise but record worst month since 2008

Indian shares closed higher on Tuesday, tracking broader Asian markets, but recorded their worst monthly and yearly performance in over ......