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Life Insurance Corporation

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

Finance

11 May, 2020

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 to singe the Indian economy ......

Budget 2020: Govt to sell stake in LIC, doubles disinvestment target

Finance

01 February, 2020

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 ......

Budget 2020: Tax tweaks but little else as govt wishes for a revival

Economy

01 February, 2020

Budget 2020: Tax tweaks but little else as govt wishes for a revival

On Saturday, while delivering her second union budget speech, Nirmala Sitharaman spoke for almost two hours and 40 minutes, the ......

IFCI sells bulk of its stake in National Stock Exchange

Finance

24 December, 2019

IFCI sells bulk of its stake in National Stock Exchange

State-owned development finance institution IFCI Ltd said on Tuesday it has divested most of its 2.44% stake in the National ......

Govt approves $1.4 bn for fund to help stalled housing projects

Infrastructure

07 November, 2019

Govt approves $1.4 bn for fund to help stalled housing projects

India’s cabinet has approved 100 billion rupees ($1.4 billion) for a fund to help clear stalled housing projects, Finance Minister ......

Grapevine: TPG, others eye Yes Bank stake; UTI AMC's IPO in six months

General

07 October, 2019

Grapevine: TPG, others eye Yes Bank stake; UTI AMC's IPO in six months

Yes Bank is in talks with global private equity firms — TPG, The Carlyle Group and Farallon Capital — for ......

Why India's $86-bn bank rescue effort isn't enough to ease the distress

Finance

02 August, 2019

Why India's $86-bn bank rescue effort isn't enough to ease the distress

It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into the nation’s state-owned ......

SEBI asks Hotel Leelaventure to seek shareholder nod for Brookfield deal afresh

Consumer

24 July, 2019

SEBI asks Hotel Leelaventure to seek shareholder nod for Brookfield deal afresh

The Securities and Exchange Board of India (SEBI) has ordered Hotel Leelaventure Ltd to seek shareholder approval for a multi-million-dollar ......

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How Pakistan "helped" India open the disinvestment account in new fiscal year

TMT

05 April, 2019

How Pakistan "helped" India open the disinvestment account in new fiscal year

Life Insurance Corporation (LIC) of India and two other state-run insurers have acquired the so-called "enemy shares" in software services ......

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UTI AMC's local, foreign shareholders spar over extending chief Leo Puri's term

Finance

06 August, 2018

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 ......