Business
Investors lose Rs 1.2 lakh cr as LIC shares tumble 20% below issue price
Those investors who had put their money in the initial public offerings of Life Insurance Corporation of India had experienced a heavy depreciation in their portfolio, as the shares of the insurance major have been tumbling ever since its exchange listing.
The government had offloaded 3.5 per cent of its stake through the IPO route. The IPO valued LIC at Rs 6 lakh crore.
At the time of writing this report, the company’s market capitalisation was at around Rs 4.8 lakh crore, which essentially means the investors have lost worth Rs 1.2 lakh crore recently.
The shares of the much-awaited LIC made a weak listing on the stock exchanges on May 17. It listed on the stock exchanges at a discount of 8.62 per cent at Rs 867, from its IPO issue price of Rs 949.
Now the share price is at its all-time low of Rs 756, which is a decline of little over 20 per cent from its issue price.
Notably, the IPO of the company had, however, received robust response from investors as the insurance major’s offer has been subscribed 2.89 times.
It received bids for 46.77 crore equity shares against IPO size of 16.2 crore equity shares.
To attract a large number of investors, the policyholders were offered a Rs 60 discount, while for retail investors, the discount was at Rs 45.
Coming to earnings, the state-run insurance company reported its consolidated net profit of Rs 2,409 crore during Q4FY22, down 17 per cent year-on-year from the same quarter of previous fiscal.
The insurance company’s consolidated income from net premium income during the quarter rose nearly 18 per cent to Rs 1,44,158 lakh crore, the earnings report shared with the exchanges showed.
Notably, this is the first earnings results reported by the company after it went public on the exchanges.
It had also recommended a dividend of Rs 1.50 per equity share for FY22, which is subject to the approval of shareholders in the annual general meeting.
Business
Job postings in India stay above pre-Covid pandemic levels: Report

New Delhi, Nov 27: Formal job creation in India softened in the month of October but despite this, job postings remained above the pre-Covid pandemic level, a report said on Thursday.
“Amid slowdown, Indian job postings are still 60 per cent above pre-pandemic levels, but have fallen 25 per cent since their peak in January 2023,” Indeed, a leading hiring platform, said in its report.
Over the past three months, job postings declined in almost three-quarters of occupations. Yet in a softening job market, there will still be some strong performers, and the past three months have been no exception, said the report.
Job postings in cleaning and sanitation rose around 20 per cent over the past three months, ahead of community and social service (17.4 per cent), dental (13.1 per cent), nursing (11.2 per cent) and food preparation and service (10.3 per cent).
Another positive was the posting for human resources, which climbed 2.3 per cent.
However, these gains were more than offset by weakness in banking and finance, where postings fell 25.6 per cent, along with legal (-22.4 per cent), retail (-16.7 per cent) and loading and stocking (-15 per cent), the report noted.
Every month, the Indian workforce gradually transitions towards more formal work arrangements. As the nation transitions, job creation in the formal sector is expected to outpace overall employment growth nationwide, said Callam Pickering, Indeed’s APAC Senior Economist.
“This transition is also why job postings in India have been stronger than in other Indeed markets, both during the post-pandemic job boom and the subsequent slowdown,” he added.
Meanwhile, during the month, 9.1 per cent of Indian job postings explicitly mentioned phrases such as ‘work from home’ or ‘work remotely’ in their job descriptions. That’s up from 7.6 per cent a year ago.
Remote opportunities are most common in IT infrastructure, operations and support at 18.2 per cent of postings in the October quarter 2025, ahead of community & social service (15.1 per cent) and industrial engineering (14 per cent).
Business
From Kachchhi Kharek to Kesar Mango: Over 10 treasures of Kutch and Saurashtra earn GI tag

Gandhinagar, Nov 27: Prime Minister Narendra Modi has consistently championed India’s indigenous and heritage products, placing local strength at the heart of national growth. His call for Vocal for Local and Aatmanirbhar Bharat has given visibility to artisans and farmers across the country.
In line with this vision, the Prime Minister has also actively promoted Geographical Indication (GI) products, highlighting them in his radio address Mann Ki Baat and personally felicitating artisans who preserve traditional crafts.
Union Commerce and Industry Minister Piyush Goyal has set an ambitious goal of reaching 10,000 GI-tagged products across India by 2030 under the vision of “Vikas Bhi, Virasat Bhi.”
Gujarat has emerged as a strong contributor to this national mission by promoting its rich artisanal heritage, from Kutch’s celebrated crafts to Saurashtra’s premium agricultural produce on global platforms.
GI tagging reinforces the state’s commitment to “Viksit Gujarat to Viksit Bharat,” transforming local skills into global competitiveness. Kutch and Saurashtra together have secured GI recognition for over ten iconic products, including Ajrakh block printing, Bandhani tie-dye, Rogan art, Kutch shawls, the famed Kachchhi Kharek, and the globally loved Gir Kesar mango.
The upcoming Vibrant Gujarat Regional Conference (VGRC) in Rajkot will spotlight the region’s craft excellence and export capacity, offering artisans a robust platform to scale their businesses.
Renowned for its blend of tradition and artistry, Kutch boasts GI-tagged crafts such as embroidery, Ajrakh printing, Bandhani, Rogan painting and the Kutch shawl. In the agricultural category, Kachchhi Kharek — a celebrated variety of date known for its rich flavour and nutritional value has also earned GI status.
Saurashtra’s signature products include Gir Kesar mango, often hailed as the “Queen of Mangoes,” the famed Jamnagari Bandhani, and the exquisite Rajkot Patola silk weaving tradition, cherished by Bollywood celebrities.
Surendranagar’s Tangaliya shawl, with its intricate weaving technique, has also built a loyal international following. The upcoming VGRC for Saurashtra and Kutch aims to accelerate the region’s artisan economy.
The two-day conference will bring together entrepreneurs, artisans, interior designers and product designers, creating avenues of collaboration with the Government e-Marketplace, private enterprises, investors and leading e-commerce platforms. The event promises to enhance innovation, expand market access and drive sustainable growth for traditional craft clusters.
Business
Young innovators worldwide can find inspiration from confidence of India’s Gen Z: PM Modi

New Delhi, Nov 27: Prime Minister Narendra Modi on Thursday lauded India’s Generation Z for their confidence and capacity building.
Speaking via video conferencing at the inauguration of the Infinity Campus of Indian space startup Skyroot and unveiling its first orbital rocket, Vikram-I, PM Modi praised the country’s Gen Z for their positive mindset and creativity.
“Our youth, our Gen Z, are developing solutions to challenges in every sector. Young innovators around the world can find inspiration from the confidence of India’s Gen Z,” PM Modi said.
“The capacity building, positive mindset, and creativity of India’s Gen Z can set a global benchmark for Gen Z across the world,” he said.
Emphasising that India’s youth always place national interest above all and make the best use of every opportunity, PM Modi remarked that when the government opened the space sector, the country’s youth, especially the Gen-Z generation, came forward to take full advantage of it.
He highlighted that today more than 300 space startups are giving new hope to India’s space future, and noted that most of these startups began with small teams — sometimes two people, sometimes five, sometimes in a small rented room — with limited resources but with determination to reach new heights.
“This spirit has given birth to the private space revolution in India,” said the Prime Minister. He noted that Gen-Z engineers, designers, coders, and scientists are creating new technologies, whether in propulsion systems, composite materials, rocket stages, or satellite platforms.
PM Modi stressed that India’s youth are working in areas that were unimaginable just a few years ago.
He remarked that India’s private space talent is establishing a distinct identity across the world and added that today, for global investors, India’s space sector is becoming an attractive destination.
The Prime Minister remarked that the changes being witnessed in the space sector are part of the broader startup revolution taking place in India.
“Over the past decade, a new wave of startups has emerged across diverse sectors such as fintech, agri tech, health tech, climate tech, edu tech, and defense tech, with India’s youth, particularly the Gen-Z generation, providing innovative solutions in every field,” PM Modi said.
PM Modi emphasised that “India has now become the world’s third-largest startup ecosystem”.
There was a time when startups were confined to a few big cities, but today they are emerging from small towns and villages as well, the Prime Minister said, underlining that the country now has more than 1.5 lakh registered startups, with many of them having achieved unicorn status.
“India is no longer confined to apps and services but is now advancing rapidly towards deep-tech, manufacturing, and hardware innovation,” said the Prime Minister, thanking Gen-Z.
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