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LIC’s Rs 21 k mega IPO opens for subscription; to close on May 9

LIC’s Rs 21 k mega IPO opens for subscription; to close on May 9

by AIP Online Bureau | May 4, 2022 | Workplace/Employee Benefits

The retail investors and eligible employees will get a discount of Rs 45 per equity share, and policyholders will get a discount of Rs 60 per equity share Mumbai: LIC public offer, the country’s biggest-ever IPO, on Wednesday opened for subscription for retail...
82 lakh deaths in 2020 in India; 1.48 lakh due to COVID-19: RGI

82 lakh deaths in 2020 in India; 1.48 lakh due to COVID-19: RGI

by AIP Online Bureau | May 3, 2022 | Health, Indian News, Pandemic

According to Union health ministry data, provided on Tuesday morning, 5,23,889 people have lost their lives to the virus in the country since early 2020. Registered births, the data said, decreased from 2.48 crore in 2019 to 2.42 crore in 2020, a drop of about 2.4 per...
Mere suppression of false info doesn’t mean employer can arbitrarily terminate employee: Supreme Court

Mere suppression of false info doesn’t mean employer can arbitrarily terminate employee: Supreme Court

by AIP Online Bureau | May 3, 2022 | Indian News, Policy, Workplace/Employee Benefits

“Mere suppression of material/false information regardless of the fact whether there is a conviction or acquittal has been recorded, the employee/recruit is not to be discharged/terminated axiomatically from service just by a stroke of the pen. New Delhi: Mere...
4 PSU general insurers look for a consultant for organisational rejig and profitability

4 PSU general insurers look for a consultant for organisational rejig and profitability

by AIP Online Bureau | May 3, 2022 | Indian News, Non-Life

In a move, indicating possibilty of a future merger, the four general insurers have decided to appoint a common consultant for which GIPSA – the coordinating body for the PSU general insurers, has called for Request for Proposal (RFP) from eligible entities to...
LIC owns 4% of all listed stocks in India, more govt bonds than the RBI

LIC owns 4% of all listed stocks in India, more govt bonds than the RBI

by AIP Online Bureau | May 3, 2022 | Indian News, Life, Wealth Management/ Philanthropy

With Rs 6 lakh cr market cap on a PAT of Rs 3,000 crore makes a PE ratio of 200x. In our view PE ratio is not comparable with private players as LIC’s distribution policy is now changed and higher allocation towards shareholders account in upcoming future to...
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