Business
Govt keen, but some regulators raise concerns on LIC IPO timing
Although the Department of Investment and Public Assets Management (DIPAM) was informed that it is eager to launch the LIC IPO in March 2022 to meet its revised divestment target for the current financial year, some key representatives of the regulator have opposed the move, citing the policy holding The percentage of people linking PAN to their policy is low, and the number of Demat accounts is even lower. Geopolitical developments in Russia and Ukraine and their impact on markets, FPI outflows in recent months, market volatility, and March being unsuitable for large public offerings have also raised new concerns.
At least two key officials have said that the timing of LIC’s IPO may be untimely due to a number of factors.
“The main focus is on policyholders. While there are nearly 30 million LIC policyholders, less than 4 million PANs are associated with their policies. Even fewer numbers have demat accounts. Although LIC has been pushing its policyholders People are linking their PAN with their policies and policyholders to open Demat accounts, but we’re not sure enough has happened on that front,” a source said. He added that the current market volatility also does not bode well for a major problem.
Another official, speaking on condition of anonymity, said the general weakness in the market and the sharp outflow of FPIs are another reason why LIC is not going ahead with an IPO now. Over the past two months, FPIs have net withdrawals of over Rs 64,461 crore. “March is usually not a good time to deal with big issues as companies have to file withholding taxes, so market liquidity is low. Although the market has been soft in recent months and FPIs have been pulling a lot of money out of Indian equities , but recent geopolitical concerns are raising new concerns,” he said.
If you go into a choppy market with a big theme, he added, “not only do you risk signing up, but you’re not getting a good price or a premium, so you’re going to lose your return.” Less. You shouldn’t go public just because you want to meet your divestment goals this year. I don’t think it was the right decision,” the official said.
LIC is expected to raise around Rs 60,000 crore from the public offering. Last week, LIC chairman MR Kumar expressed his willingness to launch his own IPO this financial year. “We are closely monitoring geopolitical developments. We are excited about the March listing,” Kumar said last week, referring to market volatility and developments in Ukraine.
Complete News Source : The Indian Express
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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