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The LIC IPO was expected to hit the market this month. (Photo: PTI)

LIC mega IPO opens for subscription; to close on May 9

The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth

5 May 2022 3:54 AM IST

Reserve Bank of India Governor Shaktikanta Das digitally delivers a statement. (PTI Photo)

RBI, in surprise move, hikes key rate by 0.4 per cent, EMIs might go...

The move will lead to an increase in lending rates and make retail loans, including home loans, costly

5 May 2022 2:15 AM IST

Elon Musk (Twitter/@AFP)

Elon Musk hints at Twitter charging commercial, govt users

If Twitter implements the pay-to-post policy, it would become the first major social media company to charge users to...

4 May 2022 12:02 PM IST

Japans exports, imports sank in May amid pandemic fallout. (AFP Photo)

Exports jump by 24% in April

Higher energy prices were one of the key factors for the higher exports

3 May 2022 11:32 PM IST

Earlier this month, the ED had also questioned the global vice president of the group, Manu Kumar Jain, at the agencys regional office in Bengaluru, Karnataka. (PTI)

ED seizes Rs 5,551 cr deposits of smartphone giant Xiaomi India for...

A probe was earlier launched against the company in connection with alleged 'illegal remittances' sent abroad by the...

1 May 2022 8:35 AM IST

New office space supply down 93pc, demand falls 73pc during Jan-Jun due to COVID-19. (Representative Image)

Bengaluru office rentals soar fastest

As per Knight Frank's Asia-Pacific Prime Office Rental Index for Q1 2022, Bengaluru was the best performing market

28 April 2022 9:22 AM IST

Life Insurance Corporation (LIC) Chairperson M R Kumar addresses a press conference, in Mumbai, Wednesday, April 27, 2022. The LIC IPO is opening on May 4 with a price band of Rs 902 to Rs 949 per equity share. (PTI/Shashank Parade)

LIC's Rs.21K crore IPO, India's largest, to open on May 4

The company has decided to reserve 10 per cent of shares on the offer for its policyholders under the policyholder...

28 April 2022 8:51 AM IST

The company has decided to reserve 10 per cent of shares on the offer for its policyholders under the policyholder reservation portion. (Wikipedia)

LIC IPO a treat for policyholders

With the LIC IPO coming up, there has been a spurt in opening of demat account recently

28 April 2022 8:47 AM IST

LIC rescued IDBI Bank in 2019, infusing Rs 4,743 crore in October 2019 while the bank further raised Rs 1,435.1 crore in December 2020 via a qualified institutional placement. (Representational image/ Financial chronicle)

LIC will relinquish control in IDBI Bank, says Pandey

LIC and the government wants to exit management control from IDBI Bank and the process is already on

28 April 2022 8:45 AM IST

Life Insurance Corporation

Retail investors can invest Rs 2L

Out of the 22.13 crore shares that will be offered for sale, LIC will reserve nearly 2.21 crore, or 10 percent, for...

28 April 2022 1:23 AM IST

Twitter Inc CEO Parag Agrawal (Twitter)

Twitter CEO set to receive $42 million if sacked after Musk deal

Musk in a securities filing on April 14 had said he did not have confidence in Twitter's management

26 April 2022 10:43 AM IST

Elon Musk (Twitter/@AFP)

Elon Musk reaches deal to buy Twitter for $44 bn

Musk, a self-proclaimed 'free-speech absolutist', said he wants to reform what he sees as the platform's over-zealous...

26 April 2022 10:28 AM IST