Page 9 - Nikunj Ohri

5,400 acres of land parcels of PSUs may be monetised through new SPV

These would be land of state-owned units under divestment and those that the Centre has decided to shut

Commodity price rise may affect India's economic recovery, says S&P

Due to the ongoing Russia-Ukraine war, India may face higher expenditure on items that the government subsidises, particularly food and fertiliser, if these markets are upended for an extended period.

Govt sets Rs 1-trillion infrastructure lending target for DFI

An action plan is being prepared on making the newly set up DFI functional and operationalising the Rs 1-trillion target

Amitabh Bachchan pays up after DGGI evasion notice on NFT sale

Bachchan had entered into an agreement with Rhiti Entertainment Pte. Ltd, Singapore, for conversion of his content into NFTs by way of an auction.

Govt expects to launch LIC IPO in 2-3 weeks, feels mkt conditions improving

Feels market conditions improving, but still keeping a watch; updated DRHP filed with Sebi

LIC IPO: Too 'precious' to lower face value of India's crown jewel

LIC management can decide on stock split after listing

Banks, corporate treasuries dial in for LIC IPO, signal all-round interest

The country's largest public offer has seen strong interest from investors who queued up to be part of the roadshows organised by the Centre's battery of merchant bankers.

PSBs disburse Rs 41,269 cr 'loans in 59 minutes' over three years

201,000 loan proposals of Rs 39,580 crore disbursed in the business loan category; 17,791 retail loans amounting to Rs 1,689 crore also disbursed

A premium on execution: Meet Debasish Panda, chairman of Irdai

At the DFS, Panda, 60, created a group of officials to monitor speedier claim settlements for deaths due to Covid-19

Political parties redeemed Rs 1,212-cr electoral bonds ahead of state polls

Political parties encashed electoral bonds worth Rs 1,212 crore in the run-up to the recent round of elections in five states, taking the total of such bonds redeemed to Rs 9,187 crore since 2018

Finance ministry seeks nod for FY22 extra net spend of Rs 1.07 trillion

Some of the big items include Rs 14,902 crore for fertiliser subsidy and Rs 30,170 crore for credit-linked subsidy scheme houses for economically weaker sections

LIC may need to be revalued if the listing is pushed beyond May

The government is hopeful of bringing out India's largest IPO before May

Centre may allow rupee-ruble trade in phases starting with agri, pharma

This will allow Russian importers to pay in rubles and enable Indian exporters to do so in rupees

Govt to extend loan scheme for building healthcare, medical infrastructure

Finance Secretary TV Somanathan said the scheme will be extended by another three months to June 2022.

Hope volatility in markets recedes for LIC IPO launch: DIPAM secretary

There are certain external factors affecting the markets because of the conflict in Europe, and the government is watching the situation carefully, the official said

Centre lures candidates for DFI's top job with hefty pay package

The DFI is preparing to commence its operation in the first quarter of the next fiscal year.

Centre likely to relax some norms for asset sale of BSNL, MTNL

Government-appointed consultants were asked to determine changes that are needed to be made

GST body finds more instances of tax fraud at fintech firm BharatPe

Bharatpe, In October 2021, had accepted it had issued invoices to non-existent vendors and paid about Rs 11 crore, in dues and penalty, to the tax department

LIC IPO draft papers likely to receive Sebi's approval on Monday

Listing may spill over into FY23 as geopolitical tensions roil markets

LIC IPO: 10.8 million eligible to avail of policyholders' quota

LIC had over 282 million policies in force as of September 30, 2021, but policyholders tend to have more than one policy