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Life Insurance Corporation of India (LIC) is reviewing its vast real estate portfolio to improve returns and may explore setting up a separate subsidiary to manage the assets more efficiently, PTI reported.LIC’s real estate holdings, accumulated over nearly seven decades, are conservatively estimated at more than Rs 60,000 crore.“We have substantial real estate, both inherited…
NEW DELHI: The government has raised Power Grid Corporation of India Ltd’s (Powergrid) equity investment ceiling in each subsidiary from Rs 5,000 crore to Rs 7,500 crore, in a move designed to bolster funding for large transmission projects and renewable energy evacuation.The cabinet committee on economic affairs (CCEA), chaired by Prime Minister Narendra Modi, approved…
Mumbai: Larsen & Toubro will transfer its real estate business to L&T Realty Properties, a wholly owned subsidiary of the company, for Rs 6,297 crore as part of a restructuring effort. The decision was made at the Monday board meeting held in Muscat, Oman. The real estate business generated revenue of Rs 641 crore during…
President and CEO of Nvidia Corporation Jensen Huang delivers a speech during the Computex 2025 exhibition in Taipei, Taiwan. (AP Photo/Chiang Ying-ying, File) Inside a windowless building in Jakarta, Indonesia, approximately 2,300 of Nvidia’s cutting-edge Blackwell chips are being prepared for use by a Chinese AI company—despite President Donald Trump’s explicit opposition to selling such…
