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Govt may scale down size of LIC IPO to Rs 50,000 crore, may launch it in mid-May

Govt may scale down size of LIC IPO to Rs 50,000 crore, may launch it in mid-May

by AIP Online Bureau | Apr 5, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

The government and its advisers are considering seeking a valuation of about 1.25 to 1.5 times LIC’s embedded value, the people said. Officials are still discussing potential terms of the offering, and the fund-raising target could still change, the people said...

Shanghai extends lockdown to entire city as tests show COVID spread

by AIP Online Bureau | Apr 5, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

The costs to the world’s second-biggest economy mount. Some 23 Chinese cities are under total or partial lockdown, affecting an estimated 193 million people in areas accounting for 13.6% of its gross domestic product, the Nomura brokerage said in a note on...

Passenger vehicle retail sales dip 5 pc in March to 2,71,358 units: FADA

by AIP Online Bureau | Apr 5, 2022 | Eco/Invest/Demography, Indian News

”Passenger vehicles continue to see high demand and long waiting periods as semiconductor availability still remains a challenge, even though supplies slightly improved from previous month,” FADA President Vinkesh Gulati noted New Delhi: Domestic passenger...

British insurer Aviva becomes second FTSE firm with female CEO, CFO

by AIP Online Bureau | Apr 5, 2022 | Facts, Workplace/Employee Benefits

Jones’ appointment adds to a growing list of women taking up senior executive positions at British firms. Natwest Group is the other FTSE 100 firm with a female CEO-CFO duo London: British insurer Aviva on Monday named Charlotte Jones as its next chief financial...
London marine insurers label all Russian waters high risk

London marine insurers label all Russian waters high risk

by AIP Online Bureau | Apr 5, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Marine insurers said any rise in premiums was expected to take a few days after a notification period Russia’s maritime sector is grappling with the winding down of services including ship certification by leading foreign providers – needed for accessing...
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