‘Covid wave may delay privatisation, divestment’
April 19, 2021
Privatisation of insurance and banking companies requires some legislative action - HAKINMHAN×
Officials say LIC’s IPO could also take a hit given the complex valuation process
The surge in Covid-19 cases across the country is likely to impact the progress on strategic disinvestment and privatisation programme during this fiscal, which could further delay the sale of government’s stake in companies such as Bharat Petroleum Corporation and Shipping Corporation of India.
Privatisation of two nationalised banks and a government-owned general insurance company could also be impeded. Officials also indicated that the initial public offering (IPO) of LIC may see some delay.
Pramerica Life Insurance names Kalpana Sampat as new MD and CEO
Prior to this appointment, she was the Chief Operating Officer for the company
Kalpana Sampat
Kalpana Sampat, a seasoned business leader with over three-and-a half decades of experience, has been appointed as the Managing Director and CEO of Pramerica Life Insurance Limited. Prior to this appointment, she was the Chief Operating Officer for the company.
Currently, Sampat is one of the only three women CEOs in the life insurance sector in India, where the executive suite is still a male bastion. Sampat is a powerful inspiration for other women CEOs in waiting, including those outside of financial services.
General Insurance Corporation of India Surges 5 46%, S&P BSE PSU index Gains 1 27% business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
General Insurance Corporation of India, Astra Microwave Products Ltd, IRB Infrastructure Developers Ltd and Dalmia Bharat Ltd are among the other gainers in the BSE s A group today, 17 March 2021.
General Insurance Corporation of India, Astra Microwave Products Ltd, IRB Infrastructure Developers Ltd and Dalmia Bharat Ltd are among the other gainers in the BSE s A group today, 17 March 2021.
Sharda Cropchem Ltd surged 13.95% to Rs 336.05 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 86874 shares were traded on the counter so far as against the average daily volumes of 17723 shares in the past one month.