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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The state-owned life insurer has invested over Rs 78,000 crore in the group, most of it coming in the last two years.
A significant obstacle in Gautam Adani’s quest to reach a $1 trillion (Rs 81.7 lakh crore) valuation for his Adani group has been cast aside. The billionaire has found an anchor for the group’s stocks in Life Insurance Corporation of India as he focuses on the next decade of business expansion.
Over the past two years, LIC has been accumulating shares in five of the seven listed Adani companies. The country’s largest life insurer has over Rs 78,220 crore invested in the group, which is 4.9x what mutual funds have in the same stocks. A year ago, LIC’s Adani group …
A dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
