Disinvestment plan aims to increase efficiency and investment: FM
Finance Minister Nirmala Sitharaman said that the government’s disinvestment strategy is aimed at boosting production and efficiency of state-owned companies and attracting investment in companies instead of shutting them down. read more
Companies, not individuals, will soon run bankrupt businesses
A person familiar with the development said that corporate entities like firms will soon be allowed to run insolvency businesses in place of individual administrators hired by lenders. The proposal will be released by the Insolvency and Bankruptcy Board of India (IBBI) for public comments in a fortnight. read more
Warburg Pincus Backed Insurer IndiaFirst Life Charts IPO Plan
After Life Insurance Corporation’s (LIC) IPO, another life insurer plans to foray into the public markets. IndiaFirst Life Insurance Company Limited, an insurance company backed by state-owned lenders Bank of Baroda, Union Bank of India and private equity firm Warburg Pincus, has started talks with investment banks for its proposed IPO. read more
Private investment in India set to increase now: IIFL chief
A day after UAE sovereign wealth investor Abu Dhabi Investment Authority (ADIA) acquired 20% stake in its mortgage financing arm, IIFL Group Chairman Nirmal Jain said private investments in India amid rising interest rates and global economic changes Investment is set to grow. read more
Rajya Sabha Election 2022: Complete List of Winners
Results were declared in Karnataka and Rajasthan on Friday night, but were delayed amid a heated argument between rival parties over alleged violation of voting rules in Maharashtra and Haryana. Reading More
New rules ban deceptive ads for children
The central government on Friday issued new guidelines to curb misleading advertisements, especially those targeting children, with a warning that violating the guidelines could attract maximum fines. 50 lakh on manufacturers, advertisers and advertisers by the Central Consumer Protection Authority (CCPA). read more