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HDFC Life to acquire 100% stake in Exide Life for $915 mn

Finance

03 September, 2021

HDFC Life to acquire 100% stake in Exide Life for $915 mn

Homegrown insurer HDFC Life Insurance Co. Ltd., said on Friday it will acquire a 100% stake in Exide Life Insurance--the ......

India to list LIC by current fiscal year end, says govt official

Finance

11 August, 2021

India to list LIC by current fiscal year end, says govt official

The Indian government expects to list state-owned Life Insurance Corp (LIC) by the end of the current fiscal year, and ......

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Investors offer massive haircuts for LIC's $1 bn stressed loan accounts

Finance

28 July, 2021

Investors offer massive haircuts for LIC's $1 bn stressed loan accounts

At least five large investors including private equity players have bid very low to acquire stressed corporate loans worth about ......

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Private equity-backed firms won't stop partying in IPO markets anytime soon

Markets

20 May, 2021

Private equity-backed firms won't stop partying in IPO markets anytime soon

Firms backed by private equity played a meaty role in the huge IPO rush seen this year and there’s no ......

Central govt gives in-principle nod for strategic divestment in IDBI Bank

Finance

06 May, 2021

Central govt gives in-principle nod for strategic divestment in IDBI Bank

The government has given an in-principle approval for strategic divestment along with transfer of management control of IDBI Bank Ltd, ......

India likely to announce stake sales of IDBI Bank, LIC

Finance

28 January, 2021

India likely to announce stake sales of IDBI Bank, LIC

India's government plans to announce the sale of a 10% to 15% stake in state-run Life Insurance Corp, the country's ......

Grapevine: Times Group to sell minority stake in web arm; T Rowe to up UTI Trustee holding

General

19 August, 2020

Grapevine: Times Group to sell minority stake in web arm; T Rowe to up UTI Trustee holding

Bennett Coleman & Co. Ltd (BCCL), also known as Times Group, is looking to sell around 10% stake in its ......

Grapevine: RIL may buy Future retail biz for $3.6 bn; LIC shortlists bankers for pre-IPO

General

28 July, 2020

Grapevine: RIL may buy Future retail biz for $3.6 bn; LIC shortlists bankers for pre-IPO

Reliance Industries Ltd (RIL) may acquire Future Group’s retail business for up to Rs 27,000 crore ($3.6 billion), two people ......

Budget 2020: Govt to sell stake in LIC, doubles disinvestment target

Finance

01 February, 2020

Budget 2020: Govt to sell stake in LIC, doubles disinvestment target

The government has doubled its disinvestment target for the next fiscal year to Rs 2.1 trillion (about $29.36 billion) to ......

Miniratna MSTC's IPO struggling as institutional investors yet to buy in

TMT

19 March, 2019

Miniratna MSTC's IPO struggling as institutional investors yet to buy in

Government-run trading and e-auction services firm MSTC Ltd is struggling to sail through despite extending the duration of its initial ......