Feels market conditions improving, but still keeping a watch; updated DRHP filed with Sebi
Business Standard brings you the top headlines on Monday
The IPO was originally planned to be launched in March, but the Russia-Ukraine crisis has derailed the plans as stock markets are highly volatile
LIC management can decide on stock split after listing
The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year
Chief Minister Pinarayi Vijayan, who moved the resolution in the Assembly, opined that leaving the insurance giant to the interests of private players would not be beneficial to the country
The govt's plan to mop up over Rs 60,000 cr by selling 5% stake of LIC this financial year seems to have hit a roadblock, because of the war in Ukraine. Find out the implications of this delay
What does a delayed LIC IPO mean? Why are top lenders bullish about digital-only banks? Should you join the TCS stock buyback bandwagon? What is RTGS? Find all answers here
A market volatility index for India around 15 will be a comfortable level for the government to launch the IPO, says a source
RBI has publicly expressed strong reservations against permitting cryptocurrencies
The government is hopeful of bringing out India's largest IPO before May
The benchmark Nifty bounced sharply from its low of 15,748 last week to close at 16,630
The government has time till May 12 to launch the initial public offering (IPO) of LIC without filing fresh papers with market regulator Sebi, an official said
In the same period last financial year, LIC's net profit totaled Rs 0.91 crore
The govt to soon file the final papers for LIC IPO with Sebi, which will provide details about the price band, discount for policyholders and retail buyers
LIC's IPO is one of the fastest to get Sebi approval; the insurer had filed its DRHP on February 12.
Business Standard brings you the top headlines at this hour
Government may defer the mega initial public offering (IPO) of LIC to next fiscal year as the ongoing Ukraine war has dampened fund managers' interest in public issue, market experts said on Sunday
Listing may spill over into FY23 as geopolitical tensions roil markets
In the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale