Business
LIC IPO: India's Biggest-Ever IPO is Finally Here, Govt to Offload 5% Stake; Know Details
The central government filed the much-awaited draft red herring prospectus (DRHP) for the initial public offering (IPO) of Life Insurance Corporation of India (LIC).
Biggest Bank Fraud: CBI Registers Case Against ABG Shipyard for Loan Fraud of Rs 22,842 Cr
In its biggest bank fraud case yet, CBI filed a case against ABG Shipyard and its directors amounting to Rs Rs 22,842 Cr
CRED in Talks to Raise $300 million Funding at $ 6 billion Valuation
CRED in its previous round of funding in October 2021, had raised $251 million from existing investors with a valuation of $4 billion
Oil Prices Fall On Fears Of Aggressive Fed Rate Hike
Oil prices fell on Thursday despite forecasts for a steeper rise in energy demand, with crude turning negative on fears that the U.S. Federal Reserve will hike rates more aggressively than expected to fight inflation.
NACH Mandate Limit Enhanced to Help MSMEs, RBI Guv Announces. Details Here
Shaktikanta Das proposed to increase the NACH mandate limit from Rs 1 crore at present to Rs 3 crore for TReDS related settlements.
Gold Rises On Softer Dollar, Yields; U.S. Inflation Data In Focus
Gold eked out gains on Wednesday, helped by a weaker dollar and a retreat in U.S. Treasury yields, although prices moved in a tight range as investors refrained from making large bets ahead of U.S. inflation data.
Cyber Insurance to Fight Against Online Frauds: Features of ICICI Lombard Airtel Payments Bank Insurance
Customers can purchase this cyber insurance policy within minutes using the Airtel Thanks app, ICICI Lombard General Insurance and Airtel Payments Bank said in a statement.
LIC IPO: 10% of Issue Likely to be Offered to Policyholders at a Discount, Know More
People close to the transaction secretary of the LIC IPO on the condition of anonymity also said that there might be some concessions for retail buyers and employees
Budget 2022: Nirmala Sitharaman's Budget Focuses on Growth, Will Drive Indian Markets
While the budget has not given any relief to the salaried class, the need of the hour is employment generation and that has been taken care of by increased capital expenditure
LIC IPO: Here's How LIC Policyholders can Participate in the Upcoming IPO
LIC IPO: The government’s decision to create a 10 per cent policyholders’ quota in the LIC IPO – a first-of-its-kind. Know how policyholders can invest
Business Highlights: January Jobs Gain, Jump In Yields
In a surprising burst of hiring, Americas employers added 467,000 jobs in January in a sign of the economys resilience even in the face of a wave of omicron infections last month. The governments report also drastically revised up its estimate of job gain...
Amazon Surges With Record $190 Billion Gain In Value
A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever oneday increase in value.
How Major US Stock Indexes Fared Wednesday
Stocks closed higher on Wall Street Wednesday, putting major indexes on track to extend their weekly gains.
Business Highlights: Fed's Climate Concern, Google's Sales
How far the Federal Reserve can go to compel banks to consider the consequences of climate change in their lending policies could take center stage at a Senate hearing Thursday on the nominations of Sarah Bloom Raskin and two economists to the Feds influe...
Budget 2022: At 1 Hour, 30 Minutes, FM Nirmala Sitharaman Delivers Her Shortest Speech So Far
In her maiden budget speech in 2019, Sitharaman delivered the address for about 2 hours and 15 minutes.
Budget 2022: Govt extends ECLGS scheme till March 2023, guarantee cover expanded
Guarantee cover for ECLGS will be expanded to a total of Rs 5 lakh crore, said FM Sitharaman