Tag: LIC

NSE $2.5 Billion IPO: SBI, LIC as Key Sellers, DRHP in 3 Months

Business
National Stock Exchange plans a $2.5 billion IPO with SBI and LIC as main sellers. Draft papers expected soon, marking a major milestone for Indian markets.

No Govt Direction to LIC on Adani Investments, Says FM Sitharaman

Business
Finance Minister clarifies LIC's Adani Group investments were independent decisions based on due diligence and regulatory compliance, not government directives.

Sitharaman: Finance Ministry Does Not Advise LIC on Adani Investments

Business
Finance Minister clarifies LIC's Adani investments follow standard procedures, denies ministry direction. Get details on the scale and context of the holdings.

Top-10 Firms Add Rs 2.05 Lakh Crore Market Cap; Airtel, RIL Lead

Business
Eight of India's top-10 companies saw massive valuation gains as markets rebounded. Bharti Airtel and Reliance Industries added over Rs 55,000 crore each last week.

Bharti Airtel to Buy 5% Additional Stake in Indus Towers

Business
Bharti Airtel board approves acquisition of 5% additional stake in Indus Towers valued at over ₹5,000 crore, strengthening its telecom infrastructure holdings.

LIC Denies Washington Post Report on Adani Investment Influence

Business
LIC refutes allegations of external influence on Adani investments, stating documents cited in Washington Post report were never issued or received.

Top Firms Add Rs 1.55 Lakh Crore Market Cap; Reliance, TCS Lead

Business
Seven of India's top-10 companies saw massive valuation gains in holiday week. Reliance added Rs 46,687 crore while ICICI Bank lost Rs 43,745 crore.

LIC Denies Washington Post Report on $3.9 Billion Adani Investment

Business
LIC refutes allegations of government-directed $3.9 billion Adani investment, maintaining all decisions are independent and board-approved.

LIC Denies Washington Post Report on Adani Investments as False

Business
LIC rejects Washington Post allegations of external influence on investment decisions, confirms all Adani investments followed due diligence and board approval processes.