LIC initial public offer (IPO) will be the largest IPO in India and one of the large IPOs globally as well, Dipam secretary said, adding that efforts are on to list the insurer in the fourth quarter of FY22.
While Prime Minister Narendra Modi’s government faces growing clamour to rein in rising petrol and diesel prices by cutting taxes, the reason for it not yielding to the demand can be traced back to the early 2000’s
“Up to 100% FDI is allowed in private sector in refining, and BPCL is getting privatised by government. The Department for Promotion of Industry and Internal Trade needs to clarify,” a senior finance ministry official sai
Foreign Institutional Investors (FIIs) were net buyers in Indian share market in the January-March quarter to the tune of $7.3 billion, increasing stakes in a majority of Nifty 50 and Nifty 500 companies.
“The transaction advisers are in touch with bidders, who have sought extra time for putting in bids for AI. Covid has affected mobility of bidders' representatives…site inspection is not happening,” an official said, ad