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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

Sensex surges nearly 400 pts in early trade; Nifty tops 11,500. (PTI Photo)

Sensex slumps 617 pts; Nifty falls below 17,000

Asian markets in Tokyo, Hong Kong, Seoul and Shanghai settled significantly lower

26 April 2022 12:10 AM IST

In January 2018, after the table change for fixed speed ACs and variable speed ACs, the prices of air-conditioners had gone up by 15 per cent.

Early summer makes AC firms turn bullish on sales

After two years of dampened sales, this summer has turned really hot for the AC manufacturers

25 April 2022 8:07 AM IST

Ola Electric said its battery systems already complies with and is tested for AIS 156, the latest proposed standard for India. (Representational photo: Image credit: Twitter/@OlaElectric)

Ola Electric recalls 1,441 e-scooters after incidents of vehicles...

Recently, there have been widespread incidents of electric scooters catching fire forcing manufacturers to recall their...

24 April 2022 12:07 PM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI hints at end to low interest regime in June

Central bank may shift its focus to taming inflation

23 April 2022 1:42 AM IST

West Bengal Chief Minister Mamata Banerjee and Adani Group Chairman Gautam Adani exchange greetings during the inauguration of 6th Bengal Global Business Summit (BGBS), in Kolkata, Wednesday, April 20, 2022. (PTI Photo)

Adani vows to invest Rs.10K crore in Bengal over next 10 years

The Adani Group investment in Bengal will expand in world-class infrastructure, a state-of-the-art data centre and...

21 April 2022 7:10 AM IST

Union Minister for Finance Nirmala Sitharaman and Kristalina Georgieva, Managing Director, International Monetary Fund in Washington D.C. (pib.gov.in)

Nirmala meets IMF chief; discusses impact of geopolitical situation on...

IMF chief highlighted India's well-targeted policy mix which helped the country's economy remain resilient even with a...

19 April 2022 11:09 AM IST

Syama Prasad Mookerjee Port (Image credit: Facebook)

Syama Prasad Mookerjee Port sees rise in net profit

SMP is going to undertake a major project at berth no 6 and 7 of the Kolkata Dock System which is being rebuilt at...

19 April 2022 6:51 AM IST

The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended. (PTI Photo)

Govt amends FEMA rules to allow 20 pc FDI in LIC

The government is planning to dilute its stake in LIC through the Initial Public Offering

18 April 2022 12:23 AM IST