India aims to launch its $8 billion listing of state-run Life Insurance Corp. (LIC) by mid-April, two government sources said, after delaying what will be the country’s biggest ever IPO from this month due to market volatility. The government aims …
NEW DELHI – State-run Life Insurance Corp. of India’s (LIC) embedded value has been finalized at more than 5 trillion rupees ($66.82 billion), a government official who is overseeing what is expected to be the country’s largest IPO said on …
New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned …
An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram’s ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American roadshow to sell the India story. Two long-stalled reforms …
India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on …
