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Govt mulls cutting LTCG tax on equities ahead of Budget 2027-28: Sources
The proposed reduction is being considered against the backdrop of...
Fairfax plans to merge Digit, IIFL Capital with IDBI Bank to build global financial services major, N. S. Kannan to be bank’s chairman
Prem Watsa, chairman and chief executive officer of Fairfax...
LIC Offer For Sale gets 3.32 times institutional demand; government to exercise green shoe option
"Offer for Sale in LIC received an overwhelming response from the institutional investors and was over-subscribed 3.32 times of its base size. This enthusiastic participation reflects robust investor confidence and the depth of India's capital markets. In view of the...
Hackers hit Bitcoin’s safest hiding place in ongoing attack
Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Hackers have found a software flaw in a brand of “cold” Bitcoin...
Domestic investors overtake FIIs in Indian equities as DII ownership hits record high
Over the past 22 months, DIIs have invested a record $166 billion in Indian equities, more than offsetting cumulative foreign outflows of $58 billion during the same period. Mumbai: Backed by strong mutual fund inflows and sustained retail participation, DIIs have not...
Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore
"Offer for Sale in LIC opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 2.5% equity with an additional 4% as a green shoe option. Floor price has been fixed as Rs 382 per share. This will help achieve MPS...
No plan to monetise subsidiaries, focus on enhancing their value: PNB MD
He said all subsidiaries also are well capitalised whether the PNB MetLife India Insurance, PNB Housing Finance or PNB Gilts. NEW DELHI: With its capital adequacy ratio exceeding 18 per cent, Punjab National Bank has no immediate plans to monetise its subsidiaries,...
ICICI MF buys 1% stake in Go Digit General Insurance for ₹139 cr
The transaction was executed on Wednesday at an average price of Rs 243 apiece, taking the deal size to Rs 139.03 crore, as per the data. Mumbai:ICICI Prudential Mutual Fund has bought about a 1 per cent stake in Go Digit General Insurance from venture capital firm...
LIC hands over Rs 12,207 cr dividend to Sitharaman
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman(centre) receiving a dividend cheque from the senior management of Life Insurance Corporation LIC is completing 70 years since its incorporation and as at 31.03.2026 has an asset base of ₹ 59.03 Lakh...
Crypto asset tax reporting obligation: Here is what it means for exchanges, investors
The objective of the guidance note on crypto asset reporting obligations is to bridge the information gap that existed because such assets could be transferred or held outside the traditional financial system. The Central Board of Direct Taxes (CBDT) has issued a...
Rekha Jhunjhunwala transfers Star Health shares to promoter LLP in succession-linked move; stock slips
The insurer said Rekha Jhunjhunwala's direct stake declined after 7.82 crore equity shares were transferred to Sitara Partners LLP, a promoter entity in which she is a Designated Partner, following the transmission of shares inherited from the estate of late investor...
Big Plans: Howden charts course for IPO with multi-billion-dollar valuation
David Howden,Chief Executive Officer, Howden Like many sectors, insurance endured a sharp selloff after the debut of a ChatGPT enabled application that in this case enabled customers to compare insurance rates.While master of his own destiny when it comes to the...