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Govt selects Milliman Advisors to ascertain LIC’s embedded value ahead of IPO
LIC needs to develop an Indian Embedded Value (IEV) reporting framework for necessary disclosures for the proposed IPO.
”Government has selected Milliman Advisors LLP India as the Reporting Actuary for the Embedded Value of LIC. Work to start soon,” Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said.
It has already appointed Deloitte and SBI Caps as pre-IPO transaction advisors.
Sensex, Nifty weather tough 2020 with solid gains
The Nifty IT index rallied 55% in 2020, logging its best year since 2013, while the Nifty Phrama index logged a 60.6% rise.
Financials were among the worst performers this year, with the Nifty PSU bank index sliding more than 30%.On Thursday, the IT index closed down 0.32% and the Pharma index settled 0.72% higher.
IDBI Federal Life Insurance rebranded as Ageas Federal Life Insurance after IDBI sells its 27 % stake in the life insurance JV for Rs 510 cr
Health ministry releases communication strategy to support Covid-19 vaccine rollout
“The communication strategy that supports the Covid-19 vaccines rollout in India seeks to disseminate timely, accurate and transparent information about the vaccine(s) to alleviate apprehensions about the vaccine, ensure its acceptance and encourage uptake,” it said.
According to the document, the strategy aims at managing and mitigating any potential disappointment expressed by unmet demand for the vaccine or ‘eagerness’ amongst people and addressing vaccine ‘hesitancy’ that could arise because of apprehensions around vaccine safety, efficacy apart from any other myths and misconceptions.
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