Sebi chief Ajay Tyagi on Thursday said the increasing trend of new age technology companies, which are generally loss making, accessing public market is a key challenge to the capital markets
"The LIC IPO will suck liquidity from the market. That's another reason that you will see the markets getting volatile," said Girotra.
LIC issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed IPO
LIC has not paid any dividends in nearly three years, something that may have helped shore up the insurer's net worth ahead of its IPO. More on that in our top headlines.
Archean is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world
Business Standard brings you the top headlines at this hour
While new regulations have severely hit China in the global tech, media & telecom (TMT) IPO market, the Indian TMT IPO pipeline is getting stronger and will continue to gain prominence this year, a new report showed on Friday.
States start easing Covid-19 curbs as cases decline. More on that in our top headlines.
Regulator asks commercial banks to make KYC ironclad as frauds rise. More on that story in our top headlines.
Nykaa has passed a resolution to amend its Articles of Association that allow promoters to nominate one-third of directors and the chairperson
Top property developers across western and northern India are getting into 'second homes' concept at leisure destinations. More on that in our morning wrap.
Tata Sons, the holding company of the group, is likely to remove the age limit for Tata Trusts nominees on its board. More on that in our morning wrap.
The company's existing shareholders, including founder TVS Mobility Pvt. and investors Gateway Partners and Tata Capital Financial Services Ltd., plan to sell as many as 59.48 million shares
LIC IPO: There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official said
LIC IPO: The initial public offering (IPO) of Life Insurance Corporation (LIC) is expected to hit the markets by March
LIC IPO: Market valuation of listed life insurance peers is 3-4x their EV, but govt pushing for Rs 15 trn
As per the filing, the "proposed offer consists of a fresh issue of equity shares aggregating up to Rs 3,700 million (Rs 370 crore)"
With the appointment, the total number of independent directors goes up to 9 and all vacancies are filled.
The company, which is into personal care and hair removal, recently had a Rs 160 crore fund infusion and the latest one takes the overall quantum of money raised in this round to Rs 210 crore
This is the Ahmedabad-based company's second attempt to go public.