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Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore

Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore

by AIP Online Bureau | Aug 3, 2026 | Indian News, Life, Policy, Wealth Management/ Philanthropy

“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...
Crypto asset tax reporting obligation: Here is what it means for exchanges, investors

Crypto asset tax reporting obligation: Here is what it means for exchanges, investors

by AIP Online Bureau | Jul 27, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

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...
Turtlemint Fintech raises Rs 397 crore from anchor investors ahead of IPO

Turtlemint Fintech raises Rs 397 crore from anchor investors ahead of IPO

by AIP Online Bureau | Jun 18, 2026 | Eco/Invest/Demography, Indian News, Intermediaries, Life, Non-Life, Technology

Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi, promoters of Turtlemint ICICI Prudential Mutual Fund (MF), Mirae Asset MF, Amansa Holdings, BNP Paribas Financial Markets, Edelweiss MF, Bajaj Life Insurance, Societe Generale, ICICI Prudential Life Insurance...
Women investors drive Rs 11.3 trillion mutual fund assets, 35% of inflows: Report

Women investors drive Rs 11.3 trillion mutual fund assets, 35% of inflows: Report

by AIP Online Bureau | May 19, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The report noted that equity remains the dominant investment choice among women, while hybrid and solution-oriented funds are witnessing faster growth, indicating increasing portfolio diversification. New Delhi:Women investors in India are emerging as a major force in...
D-Street investors poorer by Rs 33.68 lakh cr since West Asia conflict began

D-Street investors poorer by Rs 33.68 lakh cr since West Asia conflict began

by AIP Online Bureau | Mar 13, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

Since 27 February, the benchmark 30-share BSE Sensex has fallen 6,723.27 points, or 8.27 per cent. During the same period, the total market capitalisation of BSE-listed companies has declined by Rs 33,68,419 crore, slipping to Rs 4,29,82,252.27 crore (about USD 4.65...
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