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Rs 7.73 trn crore of investors’ wealth depleted in two days amid market collapse

Rs 7.73 trn crore of investors’ wealth depleted in two days amid market collapse

by AIP Online Bureau | May 9, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Foreign institutional investors continued their selling spree, offloading shares worth a net Rs 5,517.08 crore on Friday, according to stock exchange data. “There seems to be no respite for the markets from the bear hug as the weak Asian gauges and fall in...
Investment banks forgo bumper fees for league rank in mega LIC IPO

Investment banks forgo bumper fees for league rank in mega LIC IPO

by AIP Online Bureau | May 9, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

The 10 advisers who manage the initial public offering They will receive around Rs 10 million ($129,000) each for their role in the deal, a fraction of what they would normally pocket for a deal of this size Mumbai: investment banks advising on the initial public...
LIC IPO: QIB portion fully subscribed on last day, FIIs steer clear

LIC IPO: QIB portion fully subscribed on last day, FIIs steer clear

by AIP Online Bureau | May 9, 2022 | Indian News, Life, Wealth Management/ Philanthropy

Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop. The non-institutional investors’ portion was subscribed 1.38 times. Retail individual...
IBA and 2 Insurance Councils want an IT vendor for setting up a single repositary for 35 crore Jan Suraksha schemes

IBA and 2 Insurance Councils want an IT vendor for setting up a single repositary for 35 crore Jan Suraksha schemes

by AIP Online Bureau | May 9, 2022 | Banking & Bancassurance, Indian News, Life, Non-Life, Technology

`The existing data of Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana of approximately more than 35 crore customers since the start of the schemes(2015) need to be migrated from the individual/banks and insurers to the repository,’’...

Blast at India’s Tata Steel coke plant injures three contract workers

by AIP Online Bureau | May 9, 2022 | Indian News, Non-Life

The unit was not operational and was undergoing a dismantling process, Tata, India’s largest steelmaker by revenue, said in a statement, adding that production has not been impacted MUMBAI: Tata Steel said three contract workers had been injured in a blast at...
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