Top Headlines: LIC oversubscribed by anchor investors; HDFC profit up 16%

LIC got off to a good start with the $732 million of shares reserved for anchor investors oversubscribed. While HDFC Ltd reported a 16% net profit in 4th quarter. Read more on these our top headlines

Life Insurance Corporation (LIC) has got off to a good start with the $732 million of shares reserved for so-called anchor investors oversubscribed. HDFC Ltd reported a 16 per cent increase in net profit in January-March quarter, aided by a rise in net interest income and lower provisions. Read more on these our top headlines.

LIC IPO off to a good start as anchor investors oversubscribe: Report

The IPO of India's biggest insurer, Life Insurance Corporation (LIC), has got off to a good start, with the $732 million of shares reserved for so-called anchor investors oversubscribed at the upper end