For the initial public offering (IPO) of the Life Insurance Corporation of India (LIC), the Centre has shortlisted 50-60 anchor investors, which include BlackRock, Sands Capital, Fidelity Investments, Standard Life, and JP Morgan, and will soon finalise its anchor book. The feedback from anchor investors has led to price discovery in LIC shares, valuing India's largest insurer at around Rs 7 trillion, said an official aware of the development. The "attractive valuation" is seen widening the investor base by providing an opportunity to more of them to participate in the IPO, the official added.
Sri Lanka will have to produce something special to halt England's juggernaut at Sharjah.
The first Eliminator game of IPL 2021 will see the Royal Challengers Bangalore take on the Kolkata Knight Riders at the Sharjah cricket stadium starting 1930 tonight.
Kolkata Knight Riders captain Eoin Morgan says his team's four-wicket win over RCB in the IPL Eliminator was possible due to Sunil Narine's outstanding all-round effort.
The share of listed public sector undertakings (PSUs) in the overall market capitalisation has hit a three-year high of 11.4 per cent. This comes on the back of the sharp outperformance of the PSU pack over the past two years. In 2021 and 2022, the BSE PSU index gained 41 per cent and 23 per cent, respectively. Market participants said a combination of factors like value buying and bullishness, particularly in public sector banks (PSBs), were the reason for the improved prospects.
IMAGES from the T20 World Cup Super 12 match played between England and West Indies in Dubai on Saturday.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China.
IMAGES from the English Premier League matches played on Saturday.
The broader economy risks a potential flight of foreign portfolio capital, therefore pressure on the rupee and more bad news on the stock market, warns T N Ninan.
Images from the T20 World Cup Super 12s match between England and Sri Lanka, in Sharjah, on Monday.
Kolkata Knight Riders possess one of the most destructive batting line-ups in the IPL, something which was on full display during the 10-run win over Sunrisers Hyderabad, said skipper Eoin Morgan in Chennai on Sunday.
IMAGES from the EPL matches played on Wednesday.
Opening partner Usman Khawaja (62) completed 1000 runs for the calendar year and was looking in great touch before West Indies struck back with two quick wickets after the lunch break.
After a sharp correction over the last few months, analysts seem to be turning cautiously optimistic on the information technology (IT) sector and suggest there could be trading opportunities in select counters despite revenue and growth concerns that still plague the sector. "IT stocks valuations have corrected 17 per cent-49 per cent and stock prices have corrected 9 - 42 per cent since mid-December 2021. Nifty IT index valuation has corrected by 27 per cent and price by 21 per cent. "About two quarters ago, we made a case that valuation drivers have peaked.
Tan had to be assisted off court in a wheelchair at the Australian Open after suffering calf problems
Narine's figures of 4-21 helped KKR take an upper hand. Anything under 140 in the IPL is always good for the chasing team, and KKR eventually won with two balls to spare.
Spain and Japan have six points and will play each other on Monday for top spot in the group
This is not the first time Reliance has eyed a stake in the club.
Any chance of breaking the ODI batting record they set on Friday were banished as the Dutch won the toss and batted first.
England captain Eoin Morgan on Monday said the three-match ODI series against India is a perfect opportunity for the fringe players to push their case for the T20 World Cup as 50-over format also throws situations similar to T20 cricket.
On a roll after back-to-back wins, the vintage Chennai Super Kings would look to extend their winning run when they clash with struggling Kolkata Knight Riders in their next IPL match in Mumbai on Wednesday.
The West Indies will need the likes of Evin Lewis, Lendl Simmons, Shimron Hetmyer and Nicholas Pooran to fire to make a good start and win at least three group matches to qualify for the semi-finals.
England seamers Sam Curran and David Willey shared nine wickets to set up a crushing eight-wicket victory over Sri Lanka on Thursday as the hosts chased down 241 with seven overs to spare to go 2-0 up in the three-match one-day international series.
The new law will come into force with immediate effect, said the MCC.
Kolkata Knight Riders skipper Eoin Morgan though rued his team's ordinary batting.
Sunil Narine and Varun Chakravarthy, have done an excellent job in restricting the oppositions but KKR's top-order batting has hurt them the most.
India offers policy stability, transparency and consultative process of governance to incubate investment, Finance Minister Nirmala Sitharaman said on Thursday as she invited investments in prospecting energy resources in the country. Stressing that there is a need for investments in coal, she said, "We need greater investments also to help in gasification of coal. I invite all of you to energetically participate in the (sixth round of commercial mines) auction processes which have been launched today and keep your options also further extended for greater extraction of minerals in India." During this 'Amrit Kaal', India needs all the basic minerals as the country is in the process of rapid growth, she added.
Aided by the $57.8-billion merger of HDFC Bank and HDFC, India Inc reported its highest ever mergers and acquisitions in calendar 2022 at $171 billion as against deals worth $145 billion announced last year. The acquisition by the Adani group across cement, media and ports dominated the headlines with the conglomerate making its foray into the cement sector by buying Swiss materials firm Holcim's stake in Ambuja Cements for $6.5 billion. The Adani family's additional $4-billion open offer for Ambuja did not get a response because shareholders preferred to stay invested with the new owner.
Game 16 of IPL 2020 will see the Delhi Capitals take on the Kolkata Knight Riders at the Sharjah Cricket Stadium.
Game 31 will see the Kolkata Knight Riders take on the Royal Challengers Bangalore at the Sheikh Zayed cricket stadium in Abu Dhabi starting 1930 IST.
Morgan's astute captaincy in using his bowling resources was the highlight as KKR had bowled out MI for a modest 152.
'It takes you out of your comfort zone. It is completely beneficial to play in IPL. That was a big mindset shift for us. And I hope Indian cricket is alright with us because we are using it as a vehicle to try and grow players'
England's inconsistent death bowling once again hurt their chances in the side's defeat to New Zealand in Wednesday's Twenty20 World Cup semi-final, according to former captain Nasser Hussain.
Kolkata Knight Riders new skipper Eoin Morgan says Dinesh Karthik put the team first, ahead of him being the skipper.
'Archer is returning to the UK for further management and investigation of his right elbow injury'
A summary of Saturday's action in the Premier League.
Dinesh Karthik has failed to produce any significant score despite batting ahead of Eoin Morgan so far in the tournament.
Four franchises were involved in a bidding war with MI Cape Town making the initial move followed by Paarl Royals. However, towards the end it was Johannesburg Super Kings and Sunrisers Eastern Cape, who fought tooth and nail before the latter made a winning bid of R 9.2 million.
Former champions Kolkata Knight Riders will look to strike a perfect balance under the astute leadership of Eoin Morgan when they open their IPL campaign against a consistent Sunrisers Hyderabad in Chennai on Sunday.
If reports that Apple Inc plans to triple its iPhone production in India come true, it is likely to help the country become a supply hub for the American company. There are some 190 Apple suppliers globally, but only 12 have manufacturing facilities in India now. Apple's strategy is to focus on India and a clutch of other countries as it diversifies its supply chain out of China.
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