All the headlines from our India Topic Page, ordered by recency.
Apr 22 2022 // New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion), having had to cut its valuation estimates after feedback from investors, a government source...
Apr 7 2022 // India’s largest private lender HDFC Bank’s $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, analysts said.Sources...
Mar 18 2022 // A missile that was accidentally launched out of India last week fired into the flight path of dozens of commercial jets flying in the region at the same time.Several planes passed through the direct trajectory of the...
Mar 15 2022 // Gallagher, the international insurance broker, announced the rebranding of its India business to Gallagher Insurance Brokers Private Ltd.Gallagher Insurance Brokers Private Ltd. is one of the leading providers of risk...
Mar 14 2022 // 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...
Feb 28 2022 // India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed at easing the listing of the...
Feb 22 2022 // Prospective investors in Life Insurance Corp. of India’s (LIC) $8 billion IPO are seeking assurances from company management that it will not sacrifice their interests to meet the goals set out by the government, its...
Feb 18 2022 // A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at $8 billion, is expected to open for anchor investors on March 11, three sources with direct...
Feb 14 2022 // State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest...
Feb 3 2022 // 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...
Jan 31 2022 // The collapse in the shares of Paytm following India’s largest initial public offering is proving an expensive lesson for the firm’s early backers.Paytm shares have tumbled 58% since the stock listed on Nov. 18....
Jan 14 2022 // Life Insurance Corp. (LIC), India’s largest insurer, could publish key details of its mammoth initial public offering (IPO) this month and begin issuing public shares by mid-March, government and banking officials...
Jan 13 2022 // CHENNAI – Apple Inc supplier Foxconn restarted production at its plant in southern India on Wednesday, a company official said, over three weeks after it was closed because of protests over workers falling sick.The...
Jan 12 2022 // India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, people familiar with the...
Jan 11 2022 // Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the nation’s biggest initial public offering, according to people with knowledge of the matter.The state-run...
Jan 4 2022 // Apple Inc supplier Foxconn is unlikely to reopen its shuttered iPhone manufacturing facility in southern India until Jan. 7, a senior government official familiar with the matter told Reuters.The Foxconn plant, located in...
Dec 29 2021 // Apple Inc. put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions.Foxconn, which uses the facility to assemble...
Dec 27 2021 // Insurance broker Marsh announced that it has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%.Marsh said the enhanced investment will enable it to more effectively meet the increasingly...
Dec 15 2021 // KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for about 18 billion rupees ($237 million), according to people familiar with the matter, as the Indian financial...
Nov 18 2021 // MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever...