Page 7 - Nikunj Ohri

PMJJBY subscription increases to 128 mn, PMSBY at 284 mn in 7 years

Changes introduced by the government in the claim settlement process have led to quicker and easier settlement of claims during the pandemic, Finance Minister Nirmala Sitharaman

LIC share sale is an 'Atmanirbhar issue': DIPAM secy Tuhin Kanta Pandey

The issue is an example that capital markets can be run without having to completely rely on foreign investors, Tuhin Kanta Pandey said

Non-core asset demerger likely to delay Shipping Corp and BEML sale

In the scheme for demerger of non-core assets announced by SCI, certain changes, including extra surplus cash, had to be approved, the official said

Pawan Hans disinvestment: ONGC to offer its 49% shares to new buyer

After the offer is made by ONGC, the new buyer will get seven days to decide if it wants to buy the remaining 49 per cent stake held by the public sector undertaking (PSU)

Centre arms itself with a legal strategy to defend PSUs' disinvestment

The move comes after several petitions challenging the policy were filed across the country

Centre extends due dates to bid for Ferro Scrap Nigam privatisation

Interested parties will have to submit physical copies of EoI by June 13 as against May 12 earlier. Shortlisted bidders would be intimated by June 27

Centre to rate PSUs on capital mgmt, investor concalls among new parameters

PSUs also have to comply with asset monetisation targets set collectively by their administrative ministry

Centre, Sebi to discuss exempting LIC from public shareholding norm

The government is also not looking to dilute any further stake in LIC for at least a year

Star9 Mobility to buy 51% govt stake in Pawan Hans for Rs 211.14 cr

This is the second successful privatisation in the civil aviation space after the Air India sale

IDBI Bank stake dilution for ceding mgt control to be fixed after roadshows

Lowering of stake by Centre and LIC to be decided post consultation with investors during roadshows, after which EoI document would be structured, says DIPAM Secy Tuhin Pandey

Consider impact on other nations before imposing sanctions: FM Sitharaman

She also blamed rising commodity prices due to Russia-Ukraine war for the high inflation

LIC policyholders likely to get Rs 60 discount on shares, IPO opens May 2

LIC IPO price band likely to be set at Rs 902-949 a share

LIC board to meet Tuesday for IPO dates, issue likely opens May 4

The government will sell its 3.5 per cent equity in LIC for Rs 21,000 crore, valuing India's largest insurer at Rs 6 trillion

Most large global investors may give LIC's initial public offering a miss

But would consider investment after assessing post-listing performance

Valuation of IPO-bound LIC based on global peers' m-cap, return prospects

The government believes LIC's valuation would surge, following the insurer's lisiting

LIC board approves IPO issue size to be cut to 3.5% from 5%

The government will sell 3.5% equity for Rs 21,000 crore valuing India's largest insurer at Rs 6 trillion.

Finance ministry, state-run banks discuss 3-year strategic roadmap

Will review progress made by PSBs on various schemes today

PSUs, cooperative societies disallowed from bidding for state-run entities

PSUs in non-strategic sectors would be privatised if feasible or considered for closure.

IMF projects India's general fiscal deficit at 9.9% of GDP for FY23

Rising energy and food prices will put renewed pressure on fiscal deficits, IMF First Deputy Managing Director Gita Gopinath said in a tweet.

Oil & gas assets: Centre eyes innovative ways for asset monetisation

The centre is exploring innovative ways to monetise assets in oil and gas as well as other sectors in the ongoing fiscal year