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YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon

The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.

Top Headlines: Key Cabinet decisions, Coronavirus updates, and more

The government on Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30. The deadline was originally set at March 17

LIC to buy 1.35 billion shares of YES Bank at Rs 10 apiece: TV reports

State Bank of India (SBI) had on Thursday said it would infuse Rs 7,250 crore into ailing YES Bank to pick up to 49 per cent equity

Govt to retain management control in LIC after listing: FM Sitharaman

The IPO, she said, would be brought out after necessary legislative changes and regulatory approvals

BS Insurance Round Table 2020: Insurers unnerved by new tax regime

Leaders of the insurance industry bat for 100 per cent FDI in the sector

Yet to receive proposal from LIC for IPO, says Irdai Chairman S C Khuntia

Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones

No proposal to merge LIC Housing Finance with any other entity: LIC

The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank

Association of stock brokers ANMI to mobilise 10 mn investors for LIC IPO

The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 trillion for 2020-21

How listing will transform LIC

The proposed listing will render Life Insurance Corporation more transparent and efficient. And certainly, it would enable policyholders to make a significant contribution to the economy

Easier said than done: Complexity of listing LIC, India's top life insurer

Variegated ownership, a size more than Budget 2020-21, a difficult-to-determine valuation and a slew of other factors make the LIC sale a herculean task

Letter to BS: Unfair to discriminate between govt and LIC pensioners

LIC pensioners have been fighting their cases for over 20 years

Will involve retail investors in LIC IPO, says FM Nirmala Sitharaman

Move will benefit employees, policy holders and agents, says LIC chairman

Top 10 biz headlines: Maruti EV plans delayed, unemployment data and more

From Maruti putting EV plans on hold to the government releasing new unemployment data, here are the top business headlines of the day.

Govt hopeful of selling minority stake in LIC in next fiscal, says DEA Secy

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank in the next fiscal out of total disinvestment target of Rs 2.10 trillion.

LIC IPO: Staff union to hold walkout strike in protests against move

The walk-out will take place at all offices of the insurance behemoth across the country

LIC IPO: Interest of policyholders will be protected, says Anurag Thakur

Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market, he said

Divestment to help both LIC and government, says Jayant Sinha

Sinha praised Sitharaman saying she addressed the economic situation, fiscal deficit and macro-economics very well

Small Bang theory: Irrational expectations, and uneventful Budget

Modi likes the budget to be a low-key, routine, annual statement of accounts. Big bang announcements can be made through the year, when it suits his politics

'Against national interest': LIC divestment move faces unions' ire

The new income tax slabs announced Saturday appear aimed at Delhi voters, particularly younger entrants to the job market or those employed in the gig economy

LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts

Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative