LIC IPO oversubscribed 2x on last day of bidding

Mumbai, May 9 (UNI) The initial public offer of insurance behemoth Life Insurance Corporation (LIC) has been subscribed over 2 times till noon, on the last day of bidding on Monday. The issue, which opened on May 4 attracted bids for 33.07 crore equity shares against the size of

ED rubbishes Xiaomi's coercion allegations

Bengaluru, May 7 (UNI) The Enforcement Directorate on Saturday said allegations that the statements of Xiaomi India officials were taken under coercion by ED is untrue and baseless and are an afterthought. "No complaint was filed by Manu Kumar Jain (Xiaomi Global Vice Presid

HDFC increases RPLR by 30 bps

Mumbai, May 7 (UNI) Housing Development Finance Corporation (HDFC) on Saturday increased its Retail Prime Lending Rate (RPLR) by 30 basis points (BPS) with effect from May 9, 2022. The lender had increased RPLR by 5 bps on May 2, irrespective of the loan amount. The company's

Trade certificate validity for unregistered vehicles to be increased to 5 years

New Delhi, May 7 (UNI) In a major respite to auto dealers, the government has proposed to ease the rules for obtaining trade certificate for unregistered vehicles. Besides making the entire application process online on the Vahan portal, the Ministry of Road Transport and Highway

Coal ministry seeks VGF for coal gasification projects

Mumbai, (UNI) Union Minister for Coal Pralhad Joshi on Friday said his ministry has approached the Finance Ministry to provide viability gap funding for the coal conversion projects to encourage private participation. In February this year, the coal ministry announced four projec

LPG cylinder rates hiked by Rs 50

New Delhi, May 7 (UNI) The price of liquified petroleum gas (LPG) was increased by Rs 50 on Saturday. With the latest revision of price, the domestic LPG cylinders will now cost Rs 999.50 in the national capital Delhi. The prices of commercial LPG cylinders were increased earlier

Kone India announces world’s largest passenger elevator at Jio World Centre in Mumbai

Mumbai, (UNI) Kone Elevators India, a fully owned subsidiary of Kone Corporation, announced on Thursday that the world's largest passenger elevator has been installed at Jio World Centre in city. Designed as a centrepiece of collaboration-focused design, the elevator provides

LIC's IPO fully subscribed on Day 2 of bidding

Mumbai, (UNI) The initial public offer of insurance behemoth Life Insurance Corporation (LIC) was fully subscribed on the second day of bidding on Thursday. The issue, which opened yesterday, attracted bids for 16.24 crore equity shares against the size of 16.20 crore shares. The

Signature Global raises Rs 400 cr from HDFC Capital

Mumbai, May 4 (UNI) Realty player Signature Global on Wednesday said it has raised Rs 400 crore long term capital from HDFC Capital for the development of affordable housing projects in Haryana. The company raised a long term capital of Rs 400 crore from HDFC Capital Affordable R

LIC IPO opens for subscription, booked 33 per cent so far

Mumbai, May 4 (UNI) The initial public offering (IPO) of insurance behemoth Life Insurance Corporation of India which opened for subscription on Wednesday attracted bids for 5.40 crore equity shares against the size of 16.20 crore shares. As of 12.50 pm, the IPO was subscribed 33