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IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal
The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year
 "IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal")
Jindal Saw says it raised Rs 500 crore through allotment of NCDs to LIC
Jindal Saw on Friday said it raised Rs 500 crore through allotment of non-convertible debentures on a private placement basis to LIC of India
 "Jindal Saw says it raised Rs 500 crore through allotment of NCDs to LIC")
LIC employees protest in Ludhiana against insurance sector's FDI limit hike
LIC employees staged a protest in Ludhiana against the government's decision to raise the Foreign direct investment (FDI) limit in the insurance sector to 74 per cent and to bring an IPO of the LIC
 "LIC employees protest in Ludhiana against insurance sector's FDI limit hike")
LIC eases policy claim settlement process to mitigate customer hardships
To mitigate the hardships faced by customers due to the pandemic, LIC said policyholders can deposit their maturity claim documents at their nearest LIC office anywhere till the end of the month.
 "LIC eases policy claim settlement process to mitigate customer hardships")
Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list
Global money manager BlackRock just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Read top stories today
 "Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list")
IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs
Deck clears for government's stake sale; improvement in lender's finances key to invoke investor interest
 "IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs")
Top headlines: Apple's India plans, raw material crunch for vax maker, and more
With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely
 "Top headlines: Apple's India plans, raw material crunch for vax maker, and more")
Sebi's new free float norms and what it means for LIC IPO: Explained
Why are free float shares important? What is the free float requirement for newly listed companies? How and who will the Sebi move benefit? In this podcast, we explained Sebi's new free float norms
 "Sebi's new free float norms and what it means for LIC IPO: Explained")
Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record
A month into the Covid-19 immunisation drive, as many as 21 states and Union Territories (UTs) have not administered a single shot of Covaxin from Bharat Biotech. Read top news with Business Standard
 "Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record")
General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report
While state-owned insurers' losses rose 1.12% to Rs 18,741 cr, those of private insurers were up over 26% to Rs 3,647 cr
 "General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report")
Top headlines: India says Covid deaths falling; bank unions call for strike
Business Standard brings you top news of the evening
 "Top headlines: India says Covid deaths falling; bank unions call for strike")
Life insurers' new business premiums up 3.7% in Jan after two slump months
This is despite state-owned insurance behemoth LIC reporting a 2% decline in NBP in the same period to Rs 13,143.64 crore
 "Life insurers' new business premiums up 3.7% in Jan after two slump months")
LIC employees protest against Centre's disinvestment proposal, oppose move
The Budget proposals for 2021-22 on Monday put Rs 1.75 trillion as a target from stake sale in public sector companies and financial institutions
 "LIC employees protest against Centre's disinvestment proposal, oppose move")
PSU divestment, LIC IPO, fiscal deficit: How brokerages read Budget 2021
Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation, notes analysts at Jefferies
Budget 2021: FDI cap hike in insurance set to attract US, European firms
The country's investment promotion agency, Invest India, expects the insurance market to be worth around $250 billion by 2025
 "Budget 2021: FDI cap hike in insurance set to attract US, European firms")
Open to opportunities of paring stake in IDBI Bank: LIC's Vipin Anand
An increase in economic activity since the unlock process started in June has resulted in an uptick in the business performance of LIC, says LIC MD Vipin Anand
 "Open to opportunities of paring stake in IDBI Bank: LIC's Vipin Anand")
Loan book audit at IDBI Bank to identify stress areas ahead of stake sale
Audit report may form the basis of valuations in impending disinvestment by the government
 "Loan book audit at IDBI Bank to identify stress areas ahead of stake sale")
Public sector IPOs warm up to anchor investors a decade down the line
Centre for the first time exercises provision for IRFC issue
 "Public sector IPOs warm up to anchor investors a decade down the line")
Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore
On offer are 206.5 million shares, or 5% of company's stock, at a floor price of Rs 64 a share, with option to sell another 5% if issue is oversubscribed
 "Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore")
LIC drags new premium biz down 3% in Dec, private life insurers fare well
The new business premium of life insurance industry contracted by 3 per cent year-on-year to Rs 24,383.42 crore in December
 "LIC drags new premium biz down 3% in Dec, private life insurers fare well")
