Sixteen merchant banks are in the fray to act as book running lead managers (BRLM) for the initial public offering of Life Insurance Corporation of India (LIC). These merchant banks will have to make a presentation before the Department of Investment and Public Asset Management (DIPAM) on August 24-25. The shortlisted banks are BNP Paribas, Citigroup Global Markets India, BofA Securities, Goldman Sachs (India) Securities, HSBC Securities and Capital Markets(India), J.P. Morgan India, Nomura Financial Advisory and Securities (India), Axis Capital, DAM Capital Advisors, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Kotak Mahindra Capital, SBI Capital Market, and Yes Securities India.
'The PLA has continued to do exercises and drills and recently carried out air exercises with fighter jets.'
'What is being proposed today is completely draconian.' Payal Singh Mohanka on the I&B ministry's plan to amend the Cinematograph Act.
Mutual funds aspirants have the option of snapping up smaller AMCs or applying for a new licence.
'President-elect Biden, in particular, has deep knowledge of, and experience with, dealing with India, serving as a custodian and champion of the relationship long before it was fashionable to do so.'
Elections are due in Tamil Nadu and West Bengal that year. Early indications show Bengal holds promise for the BJP, but the party may have to recast itself to win Tamil Nadu.
The India Meteorological Department on Wednesday issued an orange alert for Delhi, predicting 'heavy' to 'very heavy' rainfall in parts of the capital with winds gusting up to 60 kilometers per hour.
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'It is impossible that FIFA moves on with its current presidency'
Bhalla will succeed former RBI deputy governor Subir Gokarn, who died in the US on July 30 after a brief illness.
Delhi Chief Minister Arvind Kejriwal announced that primary schools will be closed from Saturday in view of spike in pollution levels in the national capital.
Roopa Unnikrishnan, Commonwealth Games gold medalist pays tribute to her beloved coach Jalal Uncle.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
The 14th season of the IPL, which was postponed in May this year in the wake of the COVID-19 pandemic, will resume on September 19 in Dubai with a blockbuster clash between Chennai Super Kings and Mumbai Indians.
'I have no idea what's in store for us.' 'I am in touch with my friends who are still stuck there.'
The former McKinsey India head is presently on board of many big Indian conglomerates.
The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular on the divestment department website said. "Government has finalised the book running lead managers and some other advisors for the IPO of LIC," DIPAM Secretary Tuhin Kanta Pandey tweeted. The divestment department had invited applications for the appointment of merchant bankers on July 15.
The Comptroller and Auditor General report tabled in Gujarat legislature has indicated security lapses and mismanagement by the jail staff in the state prisons.
"The situation has become irretrievable", Azad, 73, said in his parting shot to Sonia Gandhi, whose trusted confidante he remained right from the time of Sitaram Kesri's unceremonious exit as the party's chief in 2000.
Industry is gathering scientific data to approach the regulator, DCGI, for a review of the suspension order.
BSE-200 companies's list shows that 96 companies had woman directors.
Away from nets for a long period due to the COVID-19 lockdown, the players including Kraigg Brathwaite, Shai Hope, Kemar Roach, Shane Dowrich, Shamarh Brooks and Raymon Reifer trained at the Kensington Oval behind closed doors
Tamil Nadu has the most efficient and effective cadaver transplant programme in India.
'Movement of naval forces at sea is often more than just perfunctory deployment -- reading the messages that they send is important,' alerts Vice Admiral Premvir Das (retd).
Hindustan Zinc (HZL), a subsidiary of Vedanta, announced an interim dividend of Rs 21 per share last week, resulting in an outflow of Rs 8,863 crore. The announcement has turned the spotlight on India Inc's dividend-paying policy - more so for reasons driving the generosity of firms. An analysis of BSE 500 companies by Business Standard Research Bureau shows that some of the top 20 dividend-paying companies in 2021-22 (FY22) include Vedanta, Tata Consultancy Services, HZL, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IndianOil), Hindustan Unilever (HUL), Reliance Industries (RIL), and Bajaj Auto, among others.
In spite of that the founders never voted against any resolution, those who differed abstained.
Scandal-plagued FIFA have turned to the man who helped the International Olympic Committee (IOC) out of their corruption crisis, appointing Swiss Francois Carrard as chairman of their reform committee.
The Ayodhya district administration has told news channels that litigants in the Ayodhya land dispute case should not be part of any discussions that they broadcast from the temple town during the 'Bhumi Pujan' for the Ram temple on August 5. In an advisory, it also said that if channels are broadcasting a debate or programme from Ayodhya in Uttar Pradesh during the ground-breaking ceremony, there should be no comments against any person or religion.
Former India captain Rahul Dravid was unanimously appointed Head Coach of Team India's senior men's team by the Cricket Advisory Committee, comprising Ms Sulakshana Naik and R P Singh, on Wednesday.
With a report on Uber by the International Consortium of Investigative Journalists (ICIJ) opening a Pandora's box, the company is in a damage-control mode. Distancing itself from the actions of its management pre-2017, Uber, while acknowledging the "mistakes" of the past, has said that under CEO Dara Khosrowshahi, it "is a different company". "There has been no shortage of reporting on Uber's mistakes prior to 2017.
"To make sure there isn't a Covid surge in the country, PM Modi has asked us to be careful. The government is also preparing if at the Covid cases increase. Today, mock drills are conducted across Covid hospitals in the country to make sure people get proper treatment," Mandaviya said.
The chief secretary said that as the state is witnessing heavy rains over the last three days, the collectors should be on high alert and take all steps to prevent loss of life, cattle or damage to any property.
Banks are auctioning 2,362 properties in next 30 days. The foremost benefit of purchasing a property in a bank auction is that you could get it at a significant discount to the market rate.
The Sourav Ganguly-led Board of Control for Cricket in India is likely to ask the legendary spinner to apply for the post of Head coach of the Indian team, along with VVS Laxman, once Ravi Shastri finishes his term after the T20 World Cup.
U K Sinha's six-year tenure as chairman of Securities and Exchange Board of India ends later this week. Sinha held his last press conference in Mumbai on Monday, where he spoke on wide-ranging issues and his biggest regret.
Bhargava is a pioneer in the field of biotechnology in the country.
India is unlikely to see a repeat of the 2021 energy crisis this festive season as coal-fired power stations across the country have comfortable levels of the fuel stock to meet electricity demand of the world's fastest expanding major economy.
Till now, there was no provision in the Companies Act that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits. Only the executive director was entitled for a remuneration in the event of a loss.
Companies providing portfolio management services (PMS) had a tough time beating the benchmark index in January, with more than half of the schemes invested in large companies underperforming in the run-up to the Union Budget. The Nifty 50 index was down 2.5 per cent during the month. Only around 44 per cent of PMS schemes did better, among the schemes investing in large-cap companies. The analysis is based on data from industry tracker PMS Bazaar. Half the mid-cap schemes outperformed, while the rest underperformed.
