In praise of the bureaucrat

Does IAS officers' work go unappreciated, asks Ajit Balakrishnan. Illustration: Dominic Xavier/Rediff.com   Just the other day (but before the lockdown) we were at home with several of our......

Hold on to LIC for long-term value, says govt as shares open at discount

Department of investment and public asset management secretary Tuhin Kanta Pandey on Tuesday said the weak debut of the country's largest insurer LIC on the bourses was due to unpredictable market......

How govt will judge the performance of PSUs

The number of times public sector undertakings (PSUs) have held conference calls with investors, their capital management, and debt financing are among the parameters that the Centre will use to......

LIC IPO gets 2.95 times subscription; foreign investors' response muted

Life Insurance Corp's mega public offering -- India's largest to date -- on Monday closed with nearly 3 times subscription, predominately lapped up by domestic retail and institutional buyers but......

4 unique features of LIC IPO

Domestic capital market will see the launch of India’s largest-ever initial public offering (IPO) next week. Illustration: Uttam Ghosh/Rediff.com Life Insurance Corporation of India’s......