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    Economic Times | 17 May, 2022 | 10:58AM IST

    LIC Shares Listing News Live Updates: LIC listing: LIC makes muted debut, lists at 9% discount on stock exchanges

    Retail investors and policyholders were given a discount of Rs 45 and Rs 60 per share, respectively, in the bidding process.
    !1 New UpdateClick here for latest updates
    10:58 AM

    For all of Musk's efforts, Trump may not find it easy to rejoin Twitter

    It may be hard for the former US President, an incendiary Twitter presence while he was there, to join back the micro-blogging platform owing to the rules on his own social media platform called 'Truth Social'.
    10:55 AM

    War of words between Bezos and the White House escalates

    The two are in a bitter sparring over Joe the Biden administration’s handling of inflation and its plans to tax the rich.
    10:53 AM

    For Shanghai's people, normal life still a faraway dream despite zero-Covid status

    Data this week showed the havoc wreaked on the economy by the lockdown in Shanghai and the curbs in dozens of other major cities, with retail sales and industrial output plunging at their fastest pace in more than two years in April.
    10:47 AM

    Plea moved in SC challenging Delhi HC's split verdict in the matter of criminalising marital rape.

    A two judge bench of Delhi HC pronounced a split verdict on an issue relating to criminalizing marital rape. Justice Rajiv Shakdher ruled in favour of criminalising, while Justice Hari Shankar disagreed.
    10:39 AM

    At 11 AM today, Modi will address a programme marking TRAI’s silver jubilee

    10:33 AM

    LIC Listing: Investors lose Rs 42,500 crore, PSU still 5th most valued firm

    After a tepid listing, LIC's market capitalisation slipping to Rs 5.57 crore in early trade against just over Rs 6 lakh crore market value at the issue price.
    10:27 AM

    Gyanvapi case: Hindu Sena files petition in SC against plea by Varanasi mosque

    The petition wants SC to intervene in the matter of a plea filed by the management committee of Anjuman Intezamiya Masjid, Varanasi seeking a stay on the Gyanvapi mosque survey.
    10:08 AM

    LIC debuts on stock exchanges at Rs 865/sh, a discount of 9% against the issue price of Rs 949/Share

    • Analysts had expected a weak listing owing to uncertain investor sentiments amid volatile market conditions.
    • LIC's IPO - India's largest-ever initial share sale was subscribed nearly 3 times, led by strong demand from the insurer's policyholders and employees.
    • While domestic institutions also participated, the appetite from overseas investors was moderate.
    • About 70% of the insurance major's anchor book was subscribed by domestic mutual funds.
    09:50 AM

    LIC listing: Pre-open indicative price (NSE) at Rs 872/share vs issue price of Rs 949

    09:49 AM

    Jet Airways' flying permit likely to be revalidated this week

    09:42 AM

    Karti Chidambaram on the fresh case registered against him

    09:27 AM

    CBI carrying out searches at nine locations across country in connection with case against Lok Sabha MP Karti Chidambaram: Officials

    09:27 AM

    CBI books Cong leader and Lok Sabha MP Karti Chidambaram in new case of alleged illegal gratification: Officials

    08:54 AM

    CBI searches at premises of Congress' P Chidambaram linked to case against son Karti: sources

    08:54 AM

    Tesla stops taking orders for Cybertruck outside North America - website

    Tesla has stopped taking orders for its electric pickup truck Cybertruck outside of North America, according to its official website. The U.S. automaker is only taking reservations of Cybertruck in Canada, the United States and Mexico, the website showed.
    08:46 AM

    India-Southeast Asia will worsen emission profile on rising crude steel production

    India and Southeast Asia will worsen their emission profile as their crude steel production rises through the Blast Furnace (BF) and Basic Oxygen Furnace (BOF) route, an industry report said on Tuesday. The aggregate emission intensity in these regions will improve as production triples and carbon emissions will in turn double from current levels, said a report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Decarbonisation initiatives in these regions will intensify in the second half of the forecast horizon, said the report released in Singapore.
    07:58 AM

    Wheat importers in Asia scramble for supplies after Indian export ban

    Wheat importers in Asia were scrambling to find new sources of supply on Monday after India banned exports of the grain at the weekend in a bid to keep a lid on soaring domestic prices, trade sources told Reuters. Importers, especially those in Asia, were banking on wheat from India, the world's second-biggest producer, after exports from the Black Sea region plunged following Russia's Feb. 24 invasion of Ukraine.
    07:33 AM

    'America better positioned to lead the world in 21st century', Biden tells Indian American

    America is better positioned than any other country to lead the world in the 21st century, US President Joe Biden has said to an eminent Indian American from Boston area as the nation celebrates Asian Heritage month. "Our country faces many challenges, and the road we will travel together will be one of the most difficult in our history. Despite these tough times, I have never been more optimistic for the future of America."
    06:43 AM

    Ukraine: More than 260 fighters evacuated from Mariupol mill

    The regiment that doggedly defended a steel mill as Ukraine's last stronghold in the port city of Mariupol declared its mission complete Monday after more than 260 fighters, including some badly wounded, were evacuated and taken to areas under Russia’s control.
    06:25 AM

    White House moves to loosen remittance, flight rules on Cuba

    The Biden administration announced Monday that it will expand flights to Cuba, take steps to loosen restrictions on U.S. travelers to the island, and lift Trump-era restrictions on remittances that immigrants can send to people on the island.
    06:07 AM

    US hopes India will drop restrictions on wheat exports: Diplomat

    Washington hopes that India will drop its restrictions on wheat exports after hearing at the United Nations (UN) Security Council from other countries about the looming food crisis, according to Linda Thomas-Greenfield, the US Permanent Representative to the UN.
    06:06 AM

    American envoys on Tibetan issues to travel to India and Nepal

    Biden Administration's top envoy on human rights and Tibetan issue is travelling to India and Nepal this week to deepen cooperation on human rights with these two South Asian nations, an official statement said Monday.
    06:06 AM

    US allows more baby formula imports to fight shortage

    Under fire from parents and politicians, President Joe Biden's administration announced steps Monday to ease a nationwide shortage of baby formula, including reopening the largest domestic manufacturing plant and increasing imports from overseas. The Food and Drug Administration said it was streamlining its review process to make it easier for foreign manufacturers to begin shipping formula to the US.
    06:05 AM

    North Korea reports 270,000 new fever cases amid COVID crisis

    Health officials in North Korea found 269,510 more people with feverish symptoms and reported another six deaths, state media said Tuesday, as the country grapples with an escalating but largely undiagnosed COVID-19 outbreak across its unvaccinated population.
    06:04 AM

    Singapore finds local Omicron BA.4 and BA.5 variant cases

    Singapore has detected its first community cases confirmed to be infected with the Omicron BA.4 and BA.5 subvariants of Covid-19, the Health Ministry said in a press release.
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