Army clarifies aid to fallen Agniveer's family

Expressing support for the bereaved family of Agniveer Akshay Gawate, the Indian Army on Sunday sought to clear the air on compensation to the next of kin, saying that the same is "governed by the......

LIC trims holding in 15 Sensex firms

Booking profit in the recent stock market uptrend, state-run insurance giant LIC offloaded shares worth over $1 billion in half of the 30 Sensex companies, including in RIL and ICICI Bank, in last......

Lessons from California

Part I: The Gurgaon FactorHaving played a minor role in the late nineties boom of North First Street and now again, as I get involved in the Gurgaon boom --it's perhaps appropriate to inspect what......

IPO mop-up rises 20% to Rs 62,000 cr in FY24

Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). Illustration: Dominic Xavier/Rediff.com During the period, 76 Indian......

LIC may end up becoming India's most valuable company

Life Insurance Corp of India (LIC), which is aiming to launch its initial public offering (IPO) next month, is set to alter the pecking order of top listed companies in the country. Photograph:......

Amarchand Mangaldas to be legal advisor for LIC IPO

The government has shortlisted Cyril Amarchand Mangaldas for giving legal advice on upcoming mega IPO of India's largest insurance company LIC, an official said. Four law firms — Crawford......

5 PSU insurers have Rs 347-cr exposure to Adani firms: FinMin

Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in Adani group of companies, the finance ministry......