Grant Thornton Bharat, Partner, Akhil Chandna said an increase in...
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India’s AUM of wealth management industry to expand by $1.6 trillion over FY24-29: Deloitte report
The report estimates that demand for wealth management services in...
Billionaire wealth across the globe surged by $ 2 trillion in 2024 to $ 15 trillion
Wealth of billionaires in Asia increased by $ 299 billion in 2024,...
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...
Sustainable funds see Rs 315 crore outflow in FY21-22, says report
This comes following a staggering inflow of Rs 4,884 crore in FY 2020-21. Prior to that, sustainable funds saw an infusion of over Rs 2,000 crore, according to data compiled by Morningstar India Going forward, ESG considerations will become an integral part of the...
Centre to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore
The issue size is expected to be worth Rs 21,000 crore, valuing the country's largest insurer at Rs 6 lakh crore LIC board had met on Saturday to approve the modified IPO LIC is likely to file the red herring prospectus with market regulator Sebi by Wednesday New...