SIRC 26
Indian
Govt considering foreign institutional investment of up to 20% in LIC IPO: Report
The listing of LIC is set to be India’s biggest ever IPO, with the government aiming to raise up to Rs. 900 billion ($12.24 billion) from its stake sale.
The move will help ease the fund-raising process for the IPO planned by the government for the company most likely in the current financial year. The IPO is expected to be offered in two parts to investors given concerns over the Indian stock market’s ability to absorb an offering of such a size.
Neeraj Chopra signs first brand endorsement with Tata AIA Life
This association also marks the very first brand partnership to be signed with the champion javelin thrower, post his historic Olympic win.Over the next few years, Neeraj will support Tata AIA’s efforts in offering best in class life protection and health & wellness solutions to its consumers across the country.
FADA warns of lacklustre festive season for passenger vehicles due to semiconductor shortage
”Auto dealers are facing the most challenging phase of their business career as COVID-19 after-effect continues to play spoil-sport. Until last year, when demand was a challenge, supply is becoming a bigger problem currently due to shortage of semiconductors, even though there is high demand for passenger vehicles,” FADA President Vinkesh Gulati said in a statement.
India ‘prepares for the worst’ ahead of possible COVID-19 third wave
Almost all states are readying special paediatric wards as some experts warn unvaccinated children could be vulnerable to any new virus mutations. States including Madhya Pradesh are also stocking up on anti-viral drugs such as Remdesivir.
But with a government survey estimating as many as two-thirds of Indians already have COVID-fighting antibodies through natural infection, and 57% of its adults with at least an initial vaccine dose, many health experts believe any new outbreak of infections could be much less devastating than the second wave.
International
Lloyd’s launches new cryptocurrency wallet insurance solution for Coincover
Matthew Greaves, Underwriter, Atrium, said:“There is a growing demand for insurance that can protect cryptocurrency as it becomes increasingly popular. It is a testament to Lloyd’s that the market has put together an innovative solution to mitigate these new risks and protect against theft – from physical as well as online vaults – thereby providing customers with piece of mind that their assets are safe.”
Coronavirus pushes the world to its first contraction since 2009
Six coronavirus deaths in US, 91 confirmed cases: Pence
Meru Health and dacadoo join forces to streamline access to effective mental healthcare
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