Budget 2018-19

  Government officials are due to meet and discuss the proposal as early as Wednesday afternoon in New Delhi, says Bloomberg. India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corporation, according to a person with knowledge of the matter, which would enable them to participate in the nation’s biggest initial public offering. Under discussion is a plan to amend FDI rules so that investors can pick up the stake without the government’s approval under the so-called automatic route, the person said, asking not to be identified as the deliberations are private. Government officials are due to meet and discuss the proposal as early as Wednesday afternoon in New Delhi, the person said. A finance ministry spokesman didn’t immediately respond to calls seeking comment. Prime Minister Narendra Modi’s government is relying on money from the state-run insurer’s IPO to meet its budget deficit target for the financial year through March 2022 as the pa...

  The airline currently operates 37 of its total fleet of 53 Airbus A320 aircraft GoAir  is planning to add new routes as it prepares for an initial public offering (IPO). While the IPO size could not be ascertained, a media report on Thursday pegged it at around Rs 4,000 crore. The airline currently operates 37 of its total fleet of 53 Airbus A320 aircraft. A senior executive said new routes were under evaluation but the airline was already selling tickets for flights to new destinations, such as Amritsar, Dehradun, and Surat, on online portals. The route expansion comes ahead of a possible IPO. The airline is also strengthening its management and is looking to hire senior executives in finance, sales, and network management roles. Industry sources said the airline was working on listing plans and had hired merchant bankers and law firms for the share sale. A final decision would be taken by the Wadia group, which owns the airline.

The Shanghai Stock Exchange’s surprise suspension of Ant Group’s record-breaking initial public offering Tuesday night changed the landscape Nov. 3 was a sad, sad day for China. Not because America’s election changes anything about its hawkish stance toward Beijing — that’s bipartisan — but because China lost a golden investment opportunity by shooting itself in the foot. Looking purely at the numbers, China is in a sweet spot right now. Its bonds are attractive, as the yield differential with U.S. Treasuries hovers near a five-year high. Beijing’s virus-containment strategy is working, and the economy has bounced back. Meanwhile, President  Xi Jinping ’s latest five-year economic blueprint, which favors innovation and domestic consumption, is a win for tech companies — exactly the kind of growth stocks investors love. Foreigners have been buying the China story this year, even as President Donald Trump threatened to sanction and delist mainland companies. They are crowding into Be...