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The LIC market opened today amid fears about global market volatility

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The LIC market opened today amid fears about global market volatility

After a record-breaking IPO last week, India’s insurance behemoth, the Life Insurance Corporation or LIC, made a shaky market debut on Tuesday. According to a Bloomberg report, shares in the state-owned insurance giant fell 9.4% to 860 rupees in Mumbai in the first hour of trading, compared to the issue price of 949 rupees. The government raised $2.7 billion (Rs 20,557 crore) last week by selling a 3.5 percent stake in the country’s top insurer, which was at the top of the range. However, analysts believe that global market volatility has cast a pall over the Dalal Street debut.

1. According to Reuters, a LIC executive stated that the company “should be able to settle our market share at 62-63 percent of the insurance market.” “We’ll look to push the guaranteed return plan products in the future to improve margin,” the executive said.

2. The LIC IPO was nearly three times oversubscribed, thanks to the enthusiasm of policyholders who received a 60 discount with multiple bids for the shares on offer. The shares were sold to LIC policyholders and retail investors for $889 and $904 respectively.

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3. Despite opposition criticism, the government decided to proceed with the IPO despite a global fundraising slowdown and decreased appetite among foreign investors due to the Ukraine conflict. According to a PTI report, the government has sold over 22.13 crore shares through the IPO.

4. Despite the absence of foreign investment, the IPO was said to be well received by retail and institutional investors.

5. Many dubbed the LIC IPO, which was the country’s largest to date, “India’s Aramco moment.” Saudi Arabia’s state-owned oil company Aramco raised $25 billion in the world’s largest initial public offering (IPO) in 2019, breaking Alibaba’s record.

6. According to the latest Ernst and Young report, the Indian IPO market slowed significantly in the first quarter of this year.

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7. The slowdown is thought to be caused by geopolitical tensions, stock market volatility, a price correction in overvalued stocks from recent IPOs, as well as concerns about rising commodity and energy prices and slower economic growth.

8. The Bombay Stock Exchange and the National Stock Exchange have both listed LIC shares.

9. Previously, the amount raised from the Paytm IPO in 2021 was the highest at 18,300 crore, followed by nearly 15,500 crore from Coal India (2010) and 11,700 crore from Reliance Power (2008).

10. The LIC share sale was originally scheduled for March but was postponed due to the Ukraine conflict.

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Ranbir Kapoor

Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

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Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Ranbir Kapoor and Alia Bhatt recently inspected their future home in Mumbai, marking their third wedding anniversary. The couple’s new home is still in progress, with Ranbir wearing a black t-shirt, matching shorts, sneakers, and a cap. Alia Bhatt was seen waiting for her husband at the location, while Ranbir looked at the progress of their new home’s construction.

A video of their outing emerged on social media, with Pinkvilla posting the clip for the first time. The bungalow, named Krishna Raj after Ranbir’s grandmother, holds emotional significance to the Kapoor family. It used to belong to Ranbir’s grandparents, Raj Kapoor and Krishna Raj, and was inherited by Rishi Kapoor and Neetu in 1980. A Bollywood Life report.

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Claimed that the new bungalow cost Ranbir and family ₹250 crore. It is speculated that after the bungalow is ready, the entire Kapoor family, including Neetu Kapoor, will stay together under one roof. Alia and Ranbir currently live with Raha at Vastu The rapid growth of OTT platforms in India has been attributed to factors such as increased cinema ticket costs.

Growing demand for niche content, and changing consumer preferences. Sidharth Malhotra improved internet infrastructure, and Janhvi Kapoor are set to share screen together in the ALL upcoming rom-com Param Sundari, and they have shared entertaining behind-the-scene pictures from the sets on social media.

​Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under- boasts a modern design with grey construction dream home in Mumbai’s Bandra area, just days after celebrating their third wedding anniversary on April 14. On April 16, the duo was spotted at and shorts. The couple appeared the construction site, inspecting the progress of their abode.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in new bringing their vision to life.

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The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current

Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process Raha underscores their commitment to creating a space that reflects their shared dreams and values Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in .​

The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bringing their vision to life bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current residence, Vaastu, where they live with their daughter, Raha .​

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Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process space that reflects their shared dreams and underscores their commitment to creating a space that reflects their shared dreams and values residence, Vaastu, where they live with daughter.

  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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