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HNI

4 unique features of LIC IPO

Domestic capital market will see the launch of India’s largest-ever initial public offering (IPO) next week. Life Insurance Corporation of India’s (LIC’s) landmark Rs 21,000-crore IPO will open for subscription on Wednesday. Here’s a look…

Why Are India’s Rich Reluctant Givers?

A sudden surge in wealth because of stock market gains after the pandemic could be one of the factors behind the relatively lower share of philanthropy in total wealth. Those worth Rs 50,000 crore (Rs 500 billion) or more gave away 0.09…