Looking ahead, the flow of foreign investments into Indian equity...
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FIIs turn buyers, invests Rs 24,453 crore in Dec first week
In October, the total FIIs selling through exchanges was Rs 113,858...
Indian billionaires more than doubled to 185,their total wealth almost tripled to $ 905.6 bn in last 10 yrs, says UBS report
From 2015 to 2020, billionaire wealth grew globally at an annual...
LIC’s Rs 21k IPO sees strong demand from anchor investors
Norwegian wealth fund Norges Bank Investment Management and Singapore sovereign wealth fund GIC have subscribed to the anchor book, the source said Alongside other global funds, domestic mutual fund houses such as HDFC mutual fund, SBI, ICICI and Kotak have also come...
FPIs outflow continues for 7th straight month; withdraw Rs 17,144 cr from equities in Apr
This makes foreign investors net sellers to the tune of Rs 17,144 crore in April, much lower than a net withdrawal of Rs 41,123 crore in March, data with depositories showed New Delhi: FPIs outflow continues for 7th straight month; withdraw Rs 17,144 cr from equities...
LIC IPO gets larger bids from anchor investors
Singapore’s GIC Pte and Norway’s sovereign wealth fund are among the anchor investors Mumbai: Life Insurance of Corporation of India’s initial public offering gets bids from large investors for twice the size of the anchor book, according to people with the knowledge...
Sales of Mumbai house priced above Rs 10 cr double to Rs 20,255 cr: Report
"During the lockdowns, HNIs and ultra HNIs got the much-needed break to analyse and strengthen their real estate portfolio," Abhishek Kiran Gupta, CEO and co-founder, CRE Matrix Sales of luxury housing units priced over Rs 10 crore in Mumbai jumped more than two-fold...
LIC IPO price attractive; lot of growth potential: Chairman Kumar
More than the embedded value one should look at the value for new business (VNB) going forward, and it should reach 12-13 in the future, LIC Chairman MR Kumar said VNB margin is what investors would be looking at and it is 9 for LIC at present, he said. New Delhi: LIC...
Govt says LIC share sale right-sized to make it sail through
(L to R) MR Kumar, chairman, LIC and Tuhin Kanta Pandey, secretary, Dipam at a press conference in Mumbai to announce LIC IPO “The valuation process itself is essentially a discovery process. Because you don't know what we are comparing it with? Is LIC equal to HDFC...
Twitter CEO set to receive $42 million if terminated after Musk deal
Equilar's estimate includes a year's worth of Agrawal's base salary plus accelerated vesting of all equity awards, an Equilar spokesperson said, based on Musk's offering price of $54.20 per share and terms in the company's recent proxy statement On Monday billionaire...
LIC may file preliminary IPO prospectus today, price band on Wednesday
LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata - where they will be meeting potential investors and analysts starting on Wednesday, one of the sources...
Investors lose over Rs 6.47 trn in two days amid global market crash
"We expect markets to remain volatile amid worries about inflation and its impact on corporate earnings, while also fuelling concerns over aggressive US Fed rate hikes in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services...
LIC IPO- likely to open between May 4-9, smaller size risks India’s fiscal deficit target
The LIC board will meet Tuesday to decide the launch dates for its IPO along with the discount to be offered to policyholders, employees and retail shareholders LIC's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower...