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Lacklustre listing for India's biggest-ever IPO, LIC stock hits the bourses at a discount

Finance

Lacklustre listing for India's biggest-ever IPO, LIC stock hits the bourses at a discount

Shares in Life Insurance Corp of India (LIC) slid 5% in their market debut on Tuesday, a fresh ...

Markets end in the red; rupee at record low, crosses 77.50/$ mark

Finance

Markets end in the red; rupee at record low, crosses 77.50/$ mark

Markets fell and the rupee hit an all-time low Monday, weighed down by global economic growth ...

LIC's shares subscribed 100% on second day of IPO

Finance

LIC's shares subscribed 100% on second day of IPO

The subscription for India’s biggest initial public offer ever - of Life Insurance Corp of India...

Strong start for LIC on day 1 of IPO

Finance

Strong start for LIC on day 1 of IPO

The subscription for India’s biggest initial public offer ever - of Life Insurance Corp of India...

LIC to open India's biggest IPO issue by mid-March - sources

Markets

LIC to open India's biggest IPO issue by mid-March - sources

Life Insurance Corporation, India's largest insurer, is likely to file a draft prospectus as ...

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Private equity-backed firms won't stop partying in IPO markets anytime soon

Markets

Private equity-backed firms won't stop partying in IPO markets anytime soon

Firms backed by private equity played a meaty role in the huge IPO rush seen this year and there’s...

Grapevine: Amazon hires AZB in Future case; Tiger Global-backed OkCredit weighs merger

General

Grapevine: Amazon hires AZB in Future case; Tiger Global-backed OkCredit weighs merger

Amazon.com Inc. has hired law firm AZB Partners to challenge Future Group’s sale of its retail ...

UTI AMC gets $87 mn from anchor investors as IPO crosses one-fourth mark

Finance

UTI AMC gets $87 mn from anchor investors as IPO crosses one-fourth mark

The initial public offering of UTI Asset Management Co Ltd crossed the one-fourth mark on the first ...

Grapevine: Times Group to sell minority stake in web arm; T Rowe to up UTI Trustee holding

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 ...

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As smaller life insurers lose ground, will coronavirus drive consolidation?

Finance

As smaller life insurers lose ground, will coronavirus drive consolidation?

Small private-sector life insurance companies lost ground to their bigger peers as a slowdown began ...