Business

SC refuses to conclude LIC IPO direction of, factors notice to centre

The Supreme Court on Thursday issued notices to the central government on multiple pleas challenging the government move to dilute its share in Life Insurance Corporation (LIC) of India but refused to interfere with the IPO process for now.The government had by way of an amendment to the 2021 Finance Act decided to trade 5%…

Published

2 years ago

May 12, 2022

Shrishti

SC refuses to conclude LIC IPO direction of, factors notice to centre

The Supreme Court docket on Thursday issued notices to the central authorities on extra than one pleas grand the authorities transfer to dilute its allotment in Life Insurance Company (LIC) of India but refused to interfere with the IPO direction of for now.The authorities had by near of an modification to the 2021 Finance Act determined to alternate 5% shares in the starting up market by an IPO…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

1 year ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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