LIC
Finance
Central govt gives in-principle nod for strategic divestment in IDBI Bank
The government has given an in-principle approval for strategic divestment along with transfer of management control of IDBI Bank...
Finance
India likely to announce stake sales of IDBI Bank, LIC
India's government plans to announce the sale of a 10% to 15% stake in state-run Life Insurance Corp, the country's ......
General
Grapevine: Times Group to sell minority stake in web arm; T Rowe to up UTI Trustee holding
US asset manager T Rowe Price is looking to increase its stake from 26% to 51% in UTI Trustee Company ......
General
Grapevine: RIL may buy Future retail biz for $3.6 bn; LIC shortlists bankers for pre-IPO
Reliance Industries Ltd (RIL) may acquire Future Group’s retail business for up to Rs 27,000 crore ($3.6 billion), two people...
Finance
Budget 2020: Govt to sell stake in LIC, doubles disinvestment target
The government has doubled its disinvestment target for the next fiscal year to Rs 2.1 trillion (about $29.36 billion) to ......
TMT
Miniratna MSTC's IPO struggling as institutional investors yet to buy in
Government-run trading and e-auction services firm MSTC Ltd is struggling to sail through despite extending the duration of its...
TMT
Miniratna MSTC yet to find institutional backers after IPO extension, price cut
Government-run trading and e-auction services firm MSTC Ltd is struggling to find takers among institutional investors despite...
Finance
LIC-owned IDBI Bank to shed non-core assets, NPAs as part of turnaround plan
IDBI Bank and its new majority shareholder, state-owned Life Insurance Corporation of India (LIC), have chalked out a plan which...
Finance
UTI AMC's local, foreign shareholders spar over extending chief Leo Puri's term
The fate of UTI Asset Management Company’s chief executive, Leo Puri, is hanging in the balance as the mutual fund ......
Finance
Why taking over IDBI Bank may be a bad deal for LIC
When all else fails, complicate matters. Aaron Allston, the American science fiction author best known for Star Wars novels, is ......
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