Top headlines: IMF on India's $5-trn economy aim, drop in MGNREGA demand

Here are the top headlines on Tuesday

India's dream to become a $5-trillion economic powerhouse by 2024-25 is going to take longer, according to the International Monetary Fund. Meanwhile, LIC’s $2.7-billion IPO shall be the fifth-biggest globally in CY22. Read more on these down below:

LIC IPO: Over 70% of anchor allotment made to domestic mutual funds

Life Insurance Corporation of India (LIC) on Monday raised Rs 5,627 crore from anchor investors ahead of its mega initial public offering (IPO), with 71 per cent of the amount coming from domestic mutual funds (MFs), shows a late disclosure made by the company.

In total, the state-owned insurance giant