Top headlines: LIC files for IPO, Reliance could spark another telco battle

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 government will sell 5 per cent of its stake in Life Insurance Corporation (LIC). Reliance Industries is set to enter the satellite broadband business. More on those stories in top headlines this mornig.

LIC files IPO papers with Sebi

The government will sell 5 per cent of its stake in Life Insurance Corporation (LIC), through an initial public offering (IPO), of which 100 per cent is offer for sale. LIC filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) on Sunday, thus setting the wheels in motion for the