News Snapshot:
India likely to block Chinese investment in mega LIC IPO: Report New Delhi desires to block Chinese traders from shopping for shares in Indian insurance coverage large Life Insurance Corp (LIC) which is due to go public, 4 senior authorities officers and a banker informed Reuters, underscoring tensions between the 2 nations. State-owned LIC is taken into account a strategic asset, commanding greater than 60% of India’s life insurance coverage market with belongings of greater than $500 billion. While the federal government is planning to enable international traders to take part in what’s likely to be the nation’s biggest-ever IPO...
