Photo: Justdial
LIC's Mega IPO Could Cause Job Loss, Union Warns
India's largest trade union warned that the mega initial pubic offering of LIC will cause job losses and impact the company's social infrastructure spending plans. General secretary of All India LIC Employees' federation said the company will more focus on ''profit-maximizing investments'' after the IPO instead of focusing on development projects such as roads, railways, and power. Reportedly, the union isn't happy with the sale of LIC's 10… read-more
Tags: LIC, IPO, Employment, India, Job Loss
Courtesy: Bloomberg Quint
SEBI Bhawan / Wikimedia Commons
SEBI Imposes Rs 10L Penalty Each For SBI, LIC and BOB Over Mutual Funds
Securities and Exchange Board of India (SEBI) has fined SBI, LIC and Bank of Baroda for holding more than 10 percent share in UTI mutual funds and having majority stake in fund houses, promoted by them. They will have to pay a fine of Rs 10 lakh each. These entities hold over 18 percent in each fund houses, violating the amendments of holding norms of 2018.
Tags: SEBI, MUTUAL FUNDS, SBI, LIC, BANK OF BARODA
Courtesy: The Times of India
