The value of the equity holdings of Life Insurance Corporation (LIC) has risen to record levels. At the end of the September quarter, the insurance giant’s share of companies in the universe of the top 200 was $ 77 billion. Since then, the market has risen another 12 percent. Assuming …
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New Delhi: On Monday, the Ministry of Finance invited actuarial firms to submit offers to arrive at the implied value of Life Insurance Corporation (LIC) before the sale of their stake. The government plans to sell a minority stake in the insurance giant and list it on the exchanges. It …
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India plans to seek cabinet approval to sell a 25% stake in the country’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to fill a growing budget gap. The government plans to amend the law of parliament establishing the Life Insurance …
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India plans to seek cabinet approval to sell a 25% stake in the country’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to fill a growing budget gap. The government plans to amend the law of parliament establishing the Life Insurance …
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MUMBAI: The long awaited initial public offering (IPO) of UTI Asset Management Company will hit the markets next week. The offer price band has been set at ₹552-554 per share of capital and the three-day sale that aims to increase ₹2,152-2,160 crore will close for subscription on October 1. The …
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[ad_1] The Pradhan Mantri Go Vandana Yojana (PMVVY) pension plan, meant for citizens of the third age, has now been extended until 31 March 2023. This scheme was open until March 31, 2020. According to a tweet by K. S. Dhatwalia, Principal Director General of Press Information Bureau, “Cabinet approves …
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