financetom
Market
financetom
/
Market
/
Top News Podcast: LIC’s lukewarm market debut, CBI raids on Karti Chidambaram, Elon Musk's condition on Twitter deal and more
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top News Podcast: LIC’s lukewarm market debut, CBI raids on Karti Chidambaram, Elon Musk's condition on Twitter deal and more
May 17, 2022 10:45 AM

Life Insurance Corporation (LIC) made a lukewarm debut on stock exchanges on Tuesday, listing at a discount of 8 percent from its issue price. LIC stock began its journey on NSE at Rs 872 apiece, a discount of Rs 77 or 8.1 percent, and finished the day at Rs 873.

In this edition of Top News Podcast, CNBCTV18.com’s Kanishka Sarkar shares what experts make of LIC listing, other stocks in focus, the latest on Elon Musk’s proposed Twitter buyout, the future of hybrid working, and more.

While market expert Prakash Diwan said retail investors would love to have LIC shares in their portfolio from a longer-term perspective even at the issue price, some others said LIC didn't hit the ground running but there is great value in the stock.

Meanwhile, Elon Musk said his $44-billion offer would not move forward until Twitter Inc shows proof that spam bots account for less than 5 percent of its total users, hours after suggesting he could seek a lower price for the company.

Back home, the Central Bureau of Investigation (CBI) conducted raids at the residence and offices of Congress leader Karti Chidambaram, son of former finance minister P Chidambaram.

The raids were conducted at nine locations across Chennai, Odisha, Karnataka and other states in connection with a new case of illegal gratification. In the new case which is an offshoot of an ongoing probe, CBI has alleged that Karti received Rs 50 lakh bribe to facilitate the visa of 250 Chinese nationals during the UPA regime for Talwandi Sabo power project in July-August 2011, when P Chidambaram was the Union home minister, officials said.

On the employment sector front, a survey has revealed over 300 organizations in the technology, manufacturing, BFSI, FMCG, retail, health and automobile sectors, are willing to adopt a hybrid or virtual work model in a post-pandemic era.

Tune in to Top News Podcast for more

In case you have any queries or suggestions, please write to us at [email protected]

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top Midday Decliners
Top Midday Decliners
Mar 11, 2026
02:10 PM EST, 01/14/2026 (MT Newswires) -- TryHard ( THH ) unveiled on Wednesday an equity purchase agreement in which Summer Explorer Investments committed to purchasing up to $25 million of the company's class A ordinary shares over a period of 12 months. Shares of TryHard ( THH ) sank 49% following an increase in intraday trading volume to over...
Technology, Financials Lift US Equity Indexes
Technology, Financials Lift US Equity Indexes
Mar 11, 2026
12:38 PM EST, 01/15/2026 (MT Newswires) -- US equity indexes rose in midday trading on Thursday as quarterly results from Taiwan Semiconductor Manufacturing ( TSM ) lifted technology names, while earnings from mega-cap banks boosted financials. The Nasdaq Composite jumped 1% to 23,711.2, with the S&P 500 up 0.7% to 6,976.3, and the Dow Jones Industrial Average higher by 0.8%...
Exchange-Traded Funds Mixed, US Equities Lower After Midday
Exchange-Traded Funds Mixed, US Equities Lower After Midday
Mar 11, 2026
01:16 PM EST, 01/13/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded fund IWM moved higher while IVV declined, and actively traded Invesco QQQ Trust (QQQ) shed 0.3%. US equity indexes were down in midday trading on Tuesday as mega-cap banks kicked off the Q4 earnings season in earnest and investors weighed the inflation print. Energy IShares US Energy ETF...
US STOCKS-Wall St futures rise as TSMC sparks chip rally ahead of big bank earnings
US STOCKS-Wall St futures rise as TSMC sparks chip rally ahead of big bank earnings
Mar 11, 2026
* Futures up: Dow 0.09%, S&P 500 0.38%, Nasdaq 0.86% * Jobless claims estimated to rise to 215,000 in Jan. 5-ended week * Investors shift from tech to undervalued sectors amid market rotation * TSMC predicts robust growth, boosts U.S. chip tool stocks (Updates with analyst comments, prices) By Medha Singh and Pranav Kashyap Jan 15 (Reuters) - U.S. stock...
Copyright 2023-2026 - www.financetom.com All Rights Reserved