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India committed to partnering with international stakeholders to tackle global healthcare challenges: Goyal
Piyush Goyal,Union Commerce Minister Goyal also mentioned that over...
Hong Kong’s Peak Re receives license to open office in GIFT-IFSC
Peak Re, the fourth reinsurer to get a license, has a total global...
India economy to grow at fastest pace among large nations: Finmin report
"The current year may as well end with an economic reset manifest of a post-COVID-19 world…Manufacturing and Construction will be the 'growth drivers', triggered by the PLI schemes and public capex in infrastructure," the review report said. The Indian economy is...
Insurtech: HealthySure raises $1.2 mn in Pre-Series A led by Inflection Point Ventures
The round also saw participation from We Founder Circle, Dexter Angels, Campus Fund, HEM Angels and other private investors, according to a release by HealthySure Mumbai: Insurtech HealthySure has raised $1.2 million (Rs 9crore approx.) in a Pre-Series A round led by...
LIC policyholders need to update PAN details by Feb 28 to participate in IPO
The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employees and policyholders of the insurance behemoth would get a discount over the floor price Mumbai: Life Insurance Corporation of...
Separation of chairperson, MD positions voluntary: Industry welcomes Sebi’s decision
Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions at listed companies will not be mandatory and will be implemented on a voluntary basis Mumbai: Industry bodies on Tuesday...
Cryptocurrencies threaten financial sovereignty, need to be banned: RBI Dy Guv
''We have also seen that cryptocurrencies are not amenable to definition as a currency, asset or commodity; they have no underlying cash flows, they have no intrinsic value; that they are akin to Ponzi schemes, and may even be worse. These should be reason enough to...
Investors’ wealth tumbles by over Rs 8.47 trn amid global sell-off
In just two sessions, the total investors' wealth has eroded by more than Rs 12 lakh crore. Mumbai: Investors' wealth plummeted by more than Rs 8.47 lakh crore on Monday as the stock market continued to be ravaged by weak global sentiments triggered by mounting...
LIC IPO: Market crash makes India’s biggest listing a tough task
India will need bulky commitments from anchor investors, who will raise about a third of the total money. A further 35% -- or Rs 21,000 crore, based on the estimated valuation -- will be sold to millions of retail investors. That’s a challenging task To overcome a...
India bans 54 more Chinese apps citing security concerns
The apps banned by the Ministry of Electronics and Information Technology include those belonging to large China tech firms such as Tencent, Alibaba and NetEase, and are re-branded versions of apps already banned by India in 2020, the people said asking not to be...
Axis Bank set to buy Citigroup’s India retail unit for $2.5 bn: Report
For Citigroup Chief Executive Officer Jane Fraser, the planned India retail sale is part of a restructuring to simplify the U.S. lender, do away with its retail banking operations in 13 countries across Asia and Europe, and focus on high-growth businesses such as...
LIC IPO: Govt files draft papers with Sebi, to sell 5% for around Rs 63,000 crore
Although the DRHP does not disclose the market valuation of LIC, as per industry standards it would about 3 times the embedded value or around Rs 16 lakh crore. The government will sell over 31 crore equity shares of LIC LIC's embedded value has been pegged at about...