Page 8 - Nikunj Ohri

Govt shortlists up to 60 anchor investors for LIC's share sale

Price discovery estimates insurer's value at around Rs 7 trillion

IPO-bound LIC plans to cross-sell policies via housing finance arm

This would be by selling insurance products to home buyers who avail loans from LIC Housing Finance

Govt says exceeded FY22 asset monetisation target; Rs 96,000 crore realised

Targets for depts that lagged to be rolled over

LIC IPO launch likely in mid- or end-April; decision may come soon

Dipam deems situation suitable for listing

Loans worth Rs 18.60 trn sanctioned to 344 mn borrowers under PMMY in 7 yrs

Marking the seventh anniversary of Mudra scheme, PM Modi tweeted that the scheme has given an opportunity to countless Indians to showcase their entrepreneurial skills and become job creators

LIC IPO: Government advisors seek large investors' views on valuation

Merchant bankers have been asked to submit views of investors on LIC's valuation by as early as Monday, said an official

Anonymity in CBDC payments may mostly be same as cash payments: RBI Dy Guv

T Rabi Sankar said it will have to be decided whether achieving anonymity of transactions can be done using technology or the law

Centre unlikely to dilute stake in LIC for at least 2 years after IPO

The move is to woo investors, avoid pressure on stock

Over Rs 30,160 cr sanctioned under 'Stand Up India' scheme in six years

The 'Stand Up India' scheme was launched in April 2016 to promote entrepreneurship among Scheduled Caste, Scheduled Tribe and women entrepreneurs

LIC IPO: Govt may increase allotment size to align offer with Sebi's rules

The market regulator has approved LIC's updated draft red herring prospectus (DRHP), paving the way for the Centre to file the red herring prospectus (RHP) for India's biggest IPO.

India's manufacturing activity moderates in March as production, sales slow

Production, sales expand at the slowest pace in six months; positive sentiment falls substantially

Fair valuation of recap bond: PSBs stare at Rs 13,000 crore-hit

Govt will continue to factor in such impact for future capital infusion

Uncertainty mars divestment plan: Govt misses target for 2nd time in 3 yrs

The Centre has missed its revised divestment target for the second time in three years even after slashing the target by 55 per cent to Rs 78,000 crore in the Union Budget

FinMin invites bids for Ferro Scrap Nigam Ltd's privatisation

The sale would also involve transfer of management control in the PSU which is a 100 per cent subsidiary of state-owned MSTC

Rs 23K-cr BSNL, MTNL assets to be monetised

In the first phase of monetisation, 11 assets of BSNL valued at Rs 18,200 crore, and six assets of MTNL worth Rs 5,158 crore have been approved for monetisation

Govt extends ECLGS by one year, expands scope for contact-intensive sectors

Eligible borrowers in hospitality and related sectors, except civil aviation, can avail up to 50% of their highest fund based credit outstanding

Centre to sell 1.5% stake in ONGC via OFS; may get Rs 3,000 crore

Offer includes green shoe option, opens Wednesday; retail investors can place their bids Thursday

Icra lowers FY23 GDP forecast to 7.2% on higher prices, supply disruption

Rating agency cites impact of ongoing Ukraine war, China lockdowns

Land special purpose vehicle on fast track as board structure finalised

The board of NLMC would have 13 directors, of which seven would be government officials and six would be from the private sector

High inflation to compel RBI to signal neutral policy stance: S&P

The RBI will likely raise the repo rate by at least 50-75 basis points through FY23, and by another 50 basis points in FY24, the ratings agency said