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March 27, 2023 07:27 AM IST A round-up of all the top stories from newspapers to get you started for the day.
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March 24, 2023 08:27 AM IST Siddhartha Mohanty is currently serving as the interim chairperson of LIC for a period of three months, along with discharging his responsibilities as managing director (MD) of the corporation.
- March 17, 2023 11:58 AM IST
The government had received initial bids in January from multiple bidders. Financial bids for IDBI Bank will be called only after due diligence, DIPAM secretary Tuhin Kanta Pandey told CNBC-TV18 in January.
- March 14, 2023 02:27 PM IST
Tablesh Pandey will replace present managing director B C Patnaik, it said.
- March 11, 2023 11:00 PM IST
The life insurance company said that MR Kumar, the LIC's current chairman, has not been given an extended term.
- March 06, 2023 07:27 AM IST
Early last month, MR Kumar had said that LIC officials were planning to meet up with the Adani Group's top management to seek clarification on the crisis it was facing post the US-based short-seller Hindenburg Research report.
- March 03, 2023 08:39 PM IST
LIC holds shares in seven out of the 10 listed companies of the Adani Group. The shareholding ranges from 1.28 per cent in Adani Green Energy Ltd to 9.14 per cent in Adani Ports & SEZ Ltd, according to information available on stock exchanges.
- March 03, 2023 02:55 PM IST
Guaranteed, tax-free maturity proceeds may sound inviting but low rate of return is a dampener for Jeevan Azad, as is the case with most non-participating, guaranteed endowment plans
- February 24, 2023 07:58 AM IST
As of closing on February 22, LIC's investment value in Adani Group companies stood at Rs 33,632 crore, as per the December shareholding pattern available on the exchanges.
- February 16, 2023 07:11 PM IST
Emkay Global Financial recommended hold rating on LIC with a target price of Rs 700 in its research report dated February 10, 2023.
- February 13, 2023 12:09 PM IST
The life insurer’s stock is trading closer to its lowest level despite healthy operating performance
- February 13, 2023 03:44 PM IST
The low share of life insurance in the overall household savings is a testament to the fact that insurance in India is a push product that needs sweeteners such as tax exemptions
- February 10, 2023 09:34 PM IST
LIC also clarified that the stock price has taken a hit in a very short time, and it was not suitable to take a call if the Adani stocks needed to be offloaded or any other action is required.
- February 10, 2023 03:27 PM IST
Benchmark indices drift lower in a lackluster trading day. MSCI rejig lifts CG Power up in trade. Metal shares continue to slide, IT stock see profit booking. Santosh Nair & Yatin Mota decoded the market movement in today's trading day. Lupin, Aurobindo Pharma & United Breweries on the radar today.
- February 10, 2023 09:27 AM IST
Revenue rose 13 percent YoY to Rs 1.96 lakh crore with net profit surging 26 times to Rs 6,334 crore. Meanwhile, net premium income gained 15 percent at Rs 1.12 lakh crore.
- February 09, 2023 08:48 PM IST
LIC's total exposure to the Adani group is 0.97 percent of its total assets under management (AUM), Chairman M R Kumar said
- February 09, 2023 06:03 PM IST
Banerjee's comments come in the wake of the Hindenburg Research report that made a slew of allegations of wrongdoing against the business conglomerate led by industrialist Gautam Adani, in which state-owned lender SBI and Life Insurance Corporation have exposure.
- February 06, 2023 09:11 PM IST
The LIC subsidiary has made additional prudential provisions of Rs 7,285.09 crore during the quarter, taking its coverage rate to 51 per cent against Rs 5,715.76 crore in December 2021 and Rs 6,522 crore in September 2022.
- February 06, 2023 08:40 PM IST
In state capital Ranchi, Congress supporters staged a demonstration outside the SBI branch in the Kutchery area and the LIC office in the Hinoo area with placards and posters.
- February 06, 2023 09:52 AM IST
Asset monetisation is being done by government entities and the money goes to them, and they use it to invest it further, says the secretary to the department of economic affairs under the finance ministry
- February 02, 2023 02:38 PM IST
Speaking at a function in Purba Bardhaman district, the Trinamool Congress supremo lashed out at the BJP-led Centre over the Union budget, saying that the share market witnessed a massive crash following the presentation of the budget on Wednesday.
- February 01, 2023 03:55 PM IST
Speaking to CNBC-TV18, Mohanty added, "Adani investments are within our prudent norms." adding, "We talk to companies that we invest in as a routine."
- February 01, 2023 02:00 PM IST
Union Budget 2023: As many taxpayers take insurance policies only to take benefit of Section 80C deduction, they will not be inclined to do so under the new tax regime, experts said
- January 31, 2023 08:34 AM IST
Abu Dhabi’s International Holding Company (IHC) is set to invest $400 million in Adani Enterprises’ follow-on public offering (FPO). Life Insurance Corporation of India (LIC) says market value of equity under Adani Group companies is at Rs 56,142 crore vs purchase value of Rs 30,127 crore. Also in focus L&T and Tech Mahindra’s Q3 report card, along with Ultratech Cement.
- January 30, 2023 02:39 PM IST
Insurance behemoth says its exposure in the Adani group amounts to 0.975 percent of the total assets under management. Also, the credit rating of all of Adani's debt securities are ‘AA’ and above, and, hence, LIC’s investments comply with IRDAI norms.
