Page 13 - Nikunj Ohri

Depositors of PMC, other banks to benefit from DICGC Bill: FM Sitharaman

We want to make sure within 90 days depositors get the money so that small depositors who make up 98% of all depositors will get their money in time, she said

Call for clarity: Investors reach govt door, seek LIC IPO details

Investors have been keen to know the embedded value of India's largest insurer, and the value of new businesses, which are yet to be determined

Factoring Regulation Bill to open more credit facilities for MSMEs: FM

The amendments approved by Rajya Sabha Thursday will give an impetus to the economy by providing an efficient working capital cycle for MSMEs, Sitharaman said.

Union Cabinet paves the way for privatisation of govt-owned insurers

The finance ministry will move amendments to the insurance Act in the ongoing Parliament session

Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium

The announcement covers 98.3% of all deposit accounts and 50.9 per cent of the deposit value, Finance Minister Nirmala Sitharaman said

SPV for land, asset monetisation of PSUs soon: DIPAM Secretary

Department of Investment and Public Asset Management is working to implement the Budget announcement for having a specialised entity to monetise non-core assets

PSBs in talks for creating common digital infrastructure platform

Will set up a corporation to enable enhanced access to customers and businesses for credit offerings. This is in line with govt steps to boost digital banking and promote digital lending

DGGI detects Rs 278 crore GST evasion in railway purchases since July 2017

Probe relates to wrong classification of rail supplies by bidders from July 2017 to June 2021

Govt prepares portal to speed up Rs 2.5 trn-plus asset monetisation drive

The NMP will serve as a roadmap for asset monetisation of brownfield infra assets across sectors such as roads, railways, aviation, power, oil and gas, and warehousing

Gradual tweaks to LIC surplus payouts likely; Finmin exploring a glide path

Finmin exploring a glide path; considering the interests of both policyholders and future shareholders

Govt to sell 8% stake in Hudco via offer for sale; may get Rs 720 crore

Sale would reduce govt's holding in the firm to 81.81% if it exercises greenshoe option, and offloads entire 8% in the PSU

Finance Ministry suggests extending terms of CEOs, EDs at state-owned banks

Leaders of Punjab National Bank, UCO Bank and Bank of Maharashtra likely to get more time at their jobs.

Strategic divestment: Valuation of companies caught in the crosshairs

Forces govt rethink on NINL valuation, delaying sale

Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale

Current FDI policy restricts FDI in oil PSUs to 49%; most bidders who have shown interest in acquiring BPCL have foreign investment

Pension funds will soon be allowed to invest in IPOs: PFRDA Chairman

Regulator will come up with comprehensive guidelines on issuer's track record and other aspects within a week

Aviva, Generali Group look to hike stakes in Indian joint ventures

This comes in wake of increase in FDI limit to 74% in insurance sector

Bhutan first country to adopt UPI; FM hails platform's role during lockdown

Sitharaman says platform facilitated 22 billion transactions worth Rs 41 trillion in 2020-21

LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel

The government is targeting the launch of LIC's IPO in the last quarter of the financial year as it is yet to derive the embedded value of the insurer.

Safesea Group gets approval to bid for Shipping Corporation of India

The findings by intermediaries revealed that the pending dues, for which a dispute was ongoing, were acknowledged by Shipping Corporation of India

IPO-bound LIC chairman M R Kumar to complete his term: Govt official

The government has abolished the position of chairman at the insurer, and will have a CEO and MD