SC refuses to stay LIC IPO process, issues notice to centre
The government had by way of an amendment to the 2021 Finance Act decided to trade 5% shares in the open market through an IPO. This was challenged both in the Madras and the Bombay High Courts. The High Courts had earlier refused to stay the IPO.
Exim Bank profit jumps nearly 3-fold to Rs 738 crore in FY22The development finance institution sanctioned loans aggregating to Rs 68,863 crore under various lending programmes during FY2022.
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