Indian law firms reluctant to advise on IPO of insurance giant LIC: Sources
The government is scrambling to list LIC by March, in an exercise set to be India's biggest IPO, at a probable $12 billion. As many as 16 global and domestic investment banks recently bid to handle it. "Most big law firms in India are overburdened with IPO work," said Nitin Potdar, an M&A partner at top Indian law firm
Mastercard ban: RBL Bank restarts credit card issuances with rival VisaRBI had banned Mastercard from issuing any new cards on July 14 this year for not complying with data localisation requirements. The move had hit a slew of lenders, including RBL Bank, which was fully dependent on the American payment company for its credit card business.
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