Sep 21, 2017 11:34 AM IST
Sachin Relekar, Fund Manager - Equity at LIC Mutual Fund, says that while valuations in the IT and pharma sectors are quite attractive, one should look at individual businesses separately.
- Sep 13, 2017 01:34 PM IST
The insurance regulator wants the rate offered by the pension plan to be brought down in accordance with the return on company’s investment.
- Sep 04, 2017 07:38 PM IST
The open market sale of over 2.04 percent stake (or 4,69,80,180 shares) took place between July 10 to September 1, Bank of Baroda said in a regulatory filing.
- Sep 04, 2017 10:40 AM IST
LIC’s demand comes after its stake in Kolkata-based bank increased to 17 percent
- Sep 01, 2017 07:35 PM IST
LIC, which completed 61 years of its incorporation today, said it had settled 215.58 lakh claims amounting to Rs 1,12,700.41 crore during the financial year 2016-17, it said in a statement.
- Aug 08, 2017 07:30 AM IST
These two are considered as non-strategic investments for LIC. While LIC holds 16.29 per cent stake in ITC, it holds 17.97 per cent stake in L&T as of end June.
- Jul 26, 2017 08:27 PM IST
"We hope to garner Rs 38,000 crore on the individual basis in the 2017-18 fiscal on the back of our products," LIC Chairman V K Sharma told PTI.
- Jul 20, 2017 02:00 PM IST
In FY17, LIC invested around Rs 3.5 trillion, which will be disclosed in LIC’s annual report that will be sent for parliamentary approval in the coming days. The annual report of LIC will be put out only after parliamentary approval, one of the two sources said.
- Jul 18, 2017 03:17 PM IST
The public sector insurer, which had 9.85 per cent stake earlier, brought down its shareholding in the company to 7.70 per cent by selling shares between July 20, 2016, and July 4, 2017, Tata Global Beverages (TGBL) said in a filing to BSE.
- Jul 17, 2017 08:25 PM IST
The firm plans to build a network of over 100,000 access points from 25,000 at present, and open more than 1,000 branches in 3-5 years
- Jul 14, 2017 06:01 PM IST
Among private players, SBI Life's premium income jumped 37 percent to Rs 805.55 crore from Rs 588.32 crore a year ago.
- Jun 27, 2017 11:42 AM IST
Life Insurance Corporation of India said that there is no law or policy that stopped it in investing in tobacco companies, while defending its holding in ITC.
- Jun 22, 2017 07:32 AM IST
The transaction was done through the Specified Undertaking of the Unit Trust of India (SUUTI), according to block deals available on stock exchanges. The government held 6.55 per cent stake in engineering firm L&T and the shareholding after the sale has come down to a little over 4 per cent.
- Jun 09, 2017 01:58 PM IST
In the past, the government has received criticism for asking LIC to buy stake in ITC, a tobacco company.
- May 24, 2017 10:42 AM IST
V K Sharma, chairman, LIC said that while their Ulip product performed well, their focus will be on traditional products. "At the end of the day, our policyholder interest is supreme and their returns should not be impacted," he said.
- May 18, 2017 06:22 PM IST
The customers of policies like Jeevan Shree, Jeevan Pramukh, Jeevan Nidhi plan and Jeevan Amrit have received higher bonuses during 2016-17.
- May 18, 2017 09:54 AM IST
The second most valued brand in India is mobile operator company Bharti Airtel with valuations of USD 7.7 billion. Life Insurance Corporation of India (LIC) ranks third with USD 6.8 billion.
- May 16, 2017 08:12 PM IST
LIC Chairman VK Sharma said that the company will adhere to the norm of having 20 percent of total investable corpus under equities.
- Apr 30, 2017 04:00 PM IST
Regulator Irdai has asked the life insurance behemoth LIC to prepare a roadmap to pare its stake to 15 per cent in firms where it breaches this ceiling
- Apr 27, 2017 06:22 PM IST
The World Health Organization tobacco treaty bars the government from investing in tobacco companies, alleges the petition.
- Apr 24, 2017 05:31 PM IST
Life insurance behemoth LIC has introduced two endowment assurance plans for individuals having Aadhaar card.
- Apr 23, 2017 04:58 PM IST
- Apr 23, 2017 04:57 PM IST
Insurance companies had collected Rs 1,38,657.31 crore in 2015-16, according to data from the Insurance Regulatory and Development Authority of India (Irdai).
- Apr 23, 2017 11:07 AM IST
As per RBI norms, Payments banks have to focus on providing basic financial services, including social security and utility bill payments, remittance functions, and can mobilise deposits of up to Rs 1 lakh.
- Apr 21, 2017 04:27 PM IST
The regulator allows insurers to hold only up to 15 percent stake in one company. Earlier this year, the government divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI). LIC bought this 2 percent taking its overall shareholding to 16.32 percent.