'LIC IPO: GMP rises to Rs 85 as country's largest share sale nears & more'- Business Today Newsletter

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MARKETS   LIC IPO: GMP rises to Rs 85 as country's largest share sale nears   On April 29, GMP of the LIC IPO stood at Rs 70-Rs 80 per share. A day before, GMP was trading at Rs 60-70 per share.

LATEST   PM Modi says India, Germany ties an example of success; both ink $10.5 bn green deal   Prime Minister Modi emphasised that India-Germany partnership could serve as an example of success in a complex world.

INDUSTRY   India's pharma logistics, warehousing costs 15% higher than other countries: Report   The GS1 India study showed more than 50 per cent of Pharma and medical devices manufacturers lose 1 per cent of their sales due to expiry and pilferage.

LATEST   Musk may have already found a replacement for Twitter CEO Parag Agrawal: Report   For now, Agrawal is expected to remain as the CEO of the firm until the $44 billion sale of goes through.

CORONAVIRUS   Delhi reports 1,076 COVID-19 cases in 24 hrs, positivity rate rises to 6.42%   The national capital also saw zero COVID-19-related deaths and 1,329 recoveries from the infection in the past 24 hours.

Auto   Honda Motorcycle logs 33% jump in two-wheeler domestic sales in April   Its total sales for April 2022 stood at 361,027 units. On the overseas export business front, HMSI exported 42,295 units for the month.

MARKETS   LIC IPO's anchor book of Rs 5,620 cr fully subscribed: Report   "Anchor book is to be allocated up to the maximum allowable limit of Rs 5,620 crore. It's fully done," an official said.

Crypto   Crypto exchanges need to store KYC and transaction records for 5 years: IT Ministry   The Ministry of IT has recently released this regulatory announcement for all virtual asset service providers.

Magazine   How private labels are outselling established brands   Private label 'brands' are outshining and outselling well-established brands, creating a new competitive dimension across markets.

News Reel   BT CEO Immersives with Surojit Shome   On BT CEO Immersives we bring you in depth and immersive conversations with India’s leading business stall worth’s, to understand what makes them tick and fetch unique industry insights across sectors. On this exciting episode we take a look at the position of foreign banks in India and what their future may hold during a time where there’s a widespread downscale in this space. BT's Editor Sourav Majumdar and Managing Editor Anand Adhikari chat with Surojit Shome, MD & CEO, DBS Bank India, to explore the future of foreign banks in India.

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