Logistics services provider Delhivery is likely to launch its downsized initial public offering (IPO) this week, said people in the know. The Softbank-backed firm may trim its issue size from Rs 7,460 crore to Rs 5,500 crore to align with the volatile market conditions, sources said. Sources added the fresh issue component of the IPO could be reduced to Rs 4,500 crore and the OFS component to Rs 1,000 crore.
DIIs owned equities worth Rs 73.5 trillion, just 1.9 per cent less than FPIs. This marks a significant change from a decade ago.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
Private insurance firms say, over the past few years, they have been investing on digital technologies to reach semi urban and rural areas.
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'From our perspective, it will bring additional customers and from their perspective, it will get them younger customers.'
The election of Prime Minister Narendra Modi along with the Reserve Bank of India's commitment to contain inflation have sparked the improved confidence.
rediffGURU T S Khurana answers readers' personal income tax queries.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
The 2023 Budget set off a downtrend in the listed life insurance company stocks. The key reason was a proposal to tax income from insurance policies (other than unit-linked insurance plans or ULIPs) with a premium, or aggregate premium, of above Rs 500,000 per annum. This impacted the traditional savings profile since it affected the returns for these products.
Life Insurance Corporation of India (LIC) on Friday got its first female managing director and another new MD.
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
Insurer seeks leeway to invest in sub-AAA-rated companies.
The selection process will begin after acceptance of Roy's resignation.
Chairman of insurance giant says it has invested Rs 16,000 cr in equity till Oct.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
RBI's interest rate decision, quarterly earnings and global cues would be the major driving factors for equity markets this week, analysts said adding that the impact of the Union Budget could linger on this week. Trading activity of foreign investors will also be a key driver for the markets, experts noted. "US and India's manufacturing PMI for January to be released on Monday, will be the key macro data to watch out for.
Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
We are, therefore, setting up more branches in more tertiary terms, like tier 2 and tier 3 terms. Going forward, that is where the growth will come.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
In ITC, LIC has invested Rs 38,358.66 crore, according to Capitaline data.
According to sources, in a January 6 letter to the department of financial services under the finance ministry, LIC said it wanted to stop sponsoring LIC Nomura Mutual Fund, and might offer some of its stake in LIC Housing Finance to other shareholders.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Life Insurance Corporation of India and DaimlerChrysler, one of the oldest partners of Tata Motors, may refrain from participating in the ongoing Rs 4,145-crore (Rs 41.45 billion) rights issue that is closing on October 20, investment banking sources said. The move comes after Life Insurance Corporation of India expressed its wariness in putting in its bid.
Endowment Plus is a unit-linked product that offers investment-cum-insurance during the term of the policy.
These mutual funds from LIC have been steady performers since the last 5 years
If the index is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels.
The best way to achieve financial security isn't by cutting out every vada pav or limiting yourself to home-cooked meals; it's by making yourself indispensable at work, says Vatsal Ramaiya.
The country's top life insurer, which has over four per cent stake in Satyam, however, ruled out joining the race for acquiring the troubled IT firm, either alone or with L&T.
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
