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The government was expecting to garner Rs 63,000 crore by selling 5 per cent stake in the life insurance firm

Ukraine crisis: Centre may postpone LIC IPO amid Russian invasion - Finance Minister Nirmala Sitharaman had indicated review of the IPO in view of the evolving geopolitical situation.

The government was expecting to garner Rs 63,000 crore by selling 5 per cent stake in the life insurance firm

New Delhi, March 2: With the Russia-Ukraine war roiling financial markets globally, the government may defer the mega IPO of LIC and wait for an opportune time to get the maximum value of its holding in the state-owned insurance behemoth, sources said. “It’s a full blown war now so we will have to assess the situation for going ahead with the LIC IPO,” a government source said. Finance Minister Nirmala Sitharaman too had indicated review of the IPO in view […]

Nirmala Sitharaman said 'ideally' the government would like to go ahead with the IPO. However, if global circumstances demand, the FM said she won't hesitate to look into it again.

The Russian invasion of Ukraine has raised fears over the mental stability of President Vladimir Putin. If he is toppled from within his inner circle, who could replace him as Russias premier.

In an image released by the Kremlin, the Russian president was seen in Moscow sitting with the Governor of Saint Petersburg Alexander Beglov.

Highlights Amounts in parentheses refer to the same period in the previous year. Gold production 910.8 kg / 29,283 oz (964.7 kg /31,014 oz). 2021 Production was in line with the company's forecast.Gold

It turned out to be a disappointing week for the domestic equity market as the benchmark equity indices tanked over 3 per cent amid an escalation of crisis between Russia and Ukraine.

It turned out to be a disappointing week for the domestic equity market as the benchmark equity indices tanked over 3 per cent amid an escalation of crisis between Russia and Ukraine.