The government has extended the deadline for privatisation till January 7. The government had invited bids for its sale in October. The government and together are looking to sell 60.72 per cent of IDBI Bank. The bidders were asked to submit prelimnary bids by December 16. Following that transaction advisors received requests for an extension … Read more
New Delhi: The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor investors, a top official said on Wednesday. In an interview with PTI, Tuhin Kanta Pandey, Secretary to the Department … Read more
MUMBAI: The central government is selling up to 5.81 crore shares or a 1.95% stake in Axis Bank, held via the Specified Undertaking of the Unit Trust of India (SUUTI) to raise around Rs 4,000 crore. Shares are sold through the offer for sale (OFS) route. The OFS will open for non-retail investors on Wednesday … Read more
MUMBAI: The National Stock Exchange, the country’s biggest bourse, has seen its valuations surge 80% in the past six months as investors begin to factor in strong growth amid strong retail trading volumes and returns from IPOs last year. NSE shares are currently traded at Rs. 1,750 apiece in the unlisted market compared with Rs. … Read more
Mumbai: The Life Insurance Corporation (LIC) of India has managed to record double-digit gr-owth in FY21 despite new business premium lagging the previous fiscal until February this year. The corporation’s chairman M R Kumar revealed on Friday that business growth for the year FY21 was 10 per cent. Figures released by the insurance regulator reveal … Read more
In the 1960-70s, India produced some excellent cricketers — Mansoor Ali Khan Pataudi, Ajit Wadekar, Farokh Engineer, Bishan Singh Bedi, E A S Prasanna and Srinivasaraghavan Venkataraghavan. But it was only able to win on dirt track Indian wickets. As soon as it went abroad, India lost badly. Indian industry, closeted behind tariffs, had the … Read more
KOLKATA: Fresh home mortgages surged in India over the past two months, in line with the phased unshackling of the economy, indicating that demand remains robust despite the Covid-induced disruptions and income shrinkages. Leading home loan providers, such as State Bank of India, ICICI Bank and Housing Development Finance Corporation said that demand for home … Read more
The central bank moves on boosting liquidity, through bespoke measures such as TLTRO, should also help expand the corporate bond market. Synopsis Local companies, including banks, could raise between $95-100 billion via primary bond sales this financial year, which could be marginally higher than a year before, estimates ICICI Bank. MUMBAI: Corporate India, including local … Read more
MUMBAI: At a time when most banks and non-bank lenders shy away from the real estate sector, the housing finance subsidiary of Life Insurance Corporation of India is going aggressive on developer financing. In the last few months, LIC Housing Finance has sanctioned more than Rs 600 crore to at least five developers including Shriram … Read more