Life Insurance Corporation
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 day on Tuesday....
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 ......
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 to singe the Indian economy...
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 ......
Economy
Budget 2020: Tax tweaks but little else as govt wishes for a revival
Finance minister Nirmala Sitharaman proposed a giant water scheme and boost spending in the agriculture sector as she unveiled...
Finance
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 ......
Infrastructure
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...
General
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 ......
Finance
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...
Consumer
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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