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Indian
Govt revises NLEM: Slashes prices of 39 commonly used medicines
Govt invites bids for second time from law firms for LIC IPO
The government is also mulling allowing foreign investors to pick up stakes in the country’s largest insurer. As per Sebi rules, foreign portfolio investors (FPIs) are permitted to buy shares in a public offer.However, since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation.
FSDC asks regulators to keep constant vigil on financial sector
It also discussed issues relating to management of stressed assets, strengthening institutional mechanism for financial stability analysis, framework for resolution of financial institutions and issues related to IBC, banks’ exposure to various sectors and government, data sharing mechanisms of government authorities, internationalisation of Indian rupee and pension sector related issues.
LIC picks up nearly 4 pc stake in Bank of India through open market transaction
International
Stimulus hopes buoy Wall Street after rout; Dow Jones, S&P rise over 3%
Japan announces $4 billion coronavirus package,Trump vows ‘major’ steps to aid US economy
China’s new coronavirus cases rise on infections from abroad, South Korea sees a jump in new cases
As China’s efforts to control the spread of the pathogen at home start to payoff, Beijing is turning its focus on overseas cases as the coronavirus expands its footprint across the globe.
New infections in central Hubei province, the epicenter of the outbreak, continued to stabilize, with new cases declining for the sixth day.
Asia shares bounce as stimulus hopes stem rout, for now
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