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LIC IPO likely after Oct; BPCL, Air India disinvestment by Sept: govt official The government has introduced the legislative amendments required for disinvestment of a stake in LIC India and IDBI Bank through the Finance Bill, 2021 presented along with the Budget on Monday, says DIPAM Secretary Tuhin Kanta Pandey BusinessToday.In | February 2, 2021 | Updated 19:58 IST LIC IPO is expected to be rolled out after October this year The highly anticipated IPO of insurance behemoth Life Insurance Corporation of India (LIC) is expected after October this year, according to a top government official...

Govt Says BPCL, Air India Stake Sale Will be Completed by September, LIC IPO Post October FOLLOW US ON: The initial public offering (IPO) of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government's divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of Ind...

Reviving the economy through capital spending should be top priority in Budget FY22; fiscal consolidation will have to wait

January 7, 2021 Consulting Firms Ask Asset Managers to Disclose Diversity Data Verus and others have formed a diversity coalition as institutional pressure grows for greater racial equity.  More than one dozen consulting firms are forming a diversity coalition amid greater calls for progress toward racial equity at the asset manager level.  The group, calling itself the Institutional Investing Diversity Cooperative (IIDC), stewards more than $4 trillion in assets and is seeking more transparent data on diversity from investment teams, according to a release from investment consultant and ou...

IRFC The dedicated financing arm of the Indian Railways, Indian Railway Finance Corporation (IRFC) initial public offering of about ₹4,600 crore may hit the markets in January 2021, a first by a NBFC in the public sector. The company’s management earlier revealed that it plans to utilise the funds mopped up from the offer. Amitabh Banerjee, Chairman and Managing Director, IRFC said that 10% of the issuance would go to the company’s balance sheet and that will increase its net worth, and from that, the firm will be using it for raising more money from the market. Indian Railways Finance ...