From adjusting capital-markets rules to sending phone messages and publishing newspaper advertisements, authorities and executives are leaving no stone unturned in trying to ensure Life Insurance Corp. of India’s record initial public offering is a success. Prime Minister Narendra Modi’s government has the IPO — which could raise between ₹ 40,000...

Finance Minister Nirmala Sitharaman on Friday reviewed the progress of the planned disinvestment of the country’s largest insurer LIC. The initial public offering (IPO) of Life Insurance Corporation (LIC), touted to be the biggest ever in the country’s history, is expected to hit the markets by March. “Union Finance...