The Department of Investment and Public Asset Management (DIPAM), which manages government stake sale programmes, had kicked off the privatisation drive inviting preliminary bids for debt-laden Air India in January

While Air India disinvestment is not likley to conclude by March 2021, the BPCL deal, coupled with privatisation of Shipping Corporation and CONCOR can push disinvestment proceeds to close to Rs 80,000 crore this fiscal.

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

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 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

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

LIC IPO: Listing of the insurer will make it one of India's biggest companies in terms of market capitalisation along with Reliance Industries, TCS and HDFC Bank.

The IPO of LIC is expected to contribute a huge chunk to the government's budgeted disinvestment kitty of Rs 2.10 lakh crore this fiscal

Axis Bank -- biggest banking channel partner of insurance products for Max Life -- made changes to last month's deal after correspondence from insurance regulator

The government currently holds 87.40% stake in IRCTC. To meet Sebi's public holding norm, the government has to lower its stake in the company to 75%

Post the stake sale, Ageas's stake in the insurance company will increase by 23% to 49%, while Federal Bank's stake will increase by 4% to 30%

Stock Market LIVE Updates on June 19: Bajaj Finserv, Bajaj Finance, ONGC, Tata Steel, JSW Steel were maong the top gainers today. Infosys, HCL Tech, Wipro, Adani Ports, M&M were among the top losers

Share price of SBI Life Insurance fell 2.2% to  Rs 725.15 against previous close of Rs 741.45

Stock Market LIVE Updates: Markets globally traded on a bearish note today, as investors sentiments were buoyed with many economies re-opening, although kept cautious stance over the fears of a second wave of coronavirus.

In the budget 2020-21, Finance Minister Nirmala Sitharaman had announced that the government is looking to sell stake in the public sector insurer via an initial public offering (IPO) during FY21

The sources said, the government will have to cut down its expected realisation from stake dilution of both LIC and IDBI Bank even if the market condition improves

Share Market Update: BSE 30-share S&P Sensex ended 152 points lower at 41,170 and NSE 50-share index Nifty50 closed 45 points lower at 12,080.

While the government divests its stake in LIC, it should also shoulder the responsibility of creating other huge profit-making companies with large market capitalisation, whose reserves can support the Indian economy for key investments and in times of distress as well

Government will only be divesting some of its stake in LIC the way it has done in some public sector banks in the past; the quantum, while yet to be announced, may not be more than 10 per cent