Milliman, which is among the world's largest providers of actuarial services, has got the mandate to compute the embedded value (EV) of the LIC, which is a key valuation metric for life insurance companies

This will be the fifth railways company to hit the Dalal Street since 2017. The four listed ones include IRCON International, RITES, Rail Vikas Nigam and Indian Railway Catering and Tourism Corporation

Rs 810-crore initial public offering (IPO) of Burger King India opens for subscription tomorrow on Wednesday, December 2, 2020, and the share sale will end on Friday, December 4, 2020

India Stock Market Highlights Today: Global equities were mostly buoyed today encouraged by news on the development of coronavirus vaccines and more assurance for a transition of power in the US to President-elect Joe Biden

In its request for proposal, Department of Investment and Public Asset Management stated that LIC needs an Indian Embedded Value (IEV) reporting framework for the necessary disclosures for its proposed IPO

DIPAM Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages -- appointment of advisors for ensuring compliance, legislative amendment, LIC's internal software changes to come out with its 'embedded value' and appointing an actuary for vetting LIC's actuarial valuation

The minimum purchase price is Rs 1,50,000. Modes of annuity offered by LIC are yearly, half-yearly, quarterly and monthly, with the minimum annuity being Rs 12,000 per annum

India Stock Market Highlights Today: Tech Mahindra, followed by HCL Tech, TCS, ICICI Bank, Bajaj Finance and ITC were among the top losers on Sensex today. On the other hand, Tata Steel, ONGC, NTPC, Asian Paints, M&M, Nestle India and Bharti Airtel were among the gainers

The share opened at Rs 490.25 causing loss of Rs 63 or 11.50% to investors. Price band of the IPO was fixed at Rs 552 to Rs 554 per share

The allotment for the shares is expected to be known by October 7/ October 8. Those who had bid for the issue can check the subscription status on the online portal of KFin Technologies, the registrar to the issue

The issue received bids for 5,42,64,854 shares against 1,37,70,491 shares on offer, translating into 3.94 times subscription. The IPO was of a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore

If you declare that you are a smoker but have no lung disease, you may get a health policy at the same premium as a non-smoker without medical tests; but things may be different for life insurance

The government is planning to sell 25 per cent stake in Life Insurance Corporation (LIC) of India via public offering amid drying revenue and widening budget gap

The objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges. Being an OFS, the net proceeds from the share sale of UTI AMC will go to existing shareholders SBI, LIC, BoB

India Stock Market News Updates Today: Bharti Airtel, Tata Steel, PowerGrid, NTPC, ONGC, TCS and Bajaj Auto were among the laggards on Sensex pack. On the other hand, Infosys, HCL Tech, Asian Paints, Kotak Bank, Titan and HDFC Bank were among the other gainers.

The much-awaited IPO is expected to lag on account of a growing realisation in the government and LIC that the designation of an asset valuer is still pending

India Stock Market Highlights Today: Titan, followed by Sun Pharma, HDFC, ICICI Bank, Bajaj Finance, NTPC, HDFC Bank and M&M were among the major gainers on Sensex pack today. On the other hand, Tech Mahindra, HCL Tech, Kotak Bank, ITC and Bharti Airtel were among the laggards

Dow Jones opened higher as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental COVID-19 vaccine

This include personal income tax (PIT) refunds amounting to Rs 30,768 crore issued to 25.83 lakh taxpayers and corporate tax refunds amounting to Rs 70,540 crore issued to over 1.71 lakh taxpayers during this period

The 2020 Forbes list of 400 Richest People in America has been topped by Bezos, 56 who has a net worth of USD 179 billion and has occupied the spot of the richest person in the US for the third year in a row