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  • Ratan Tata meets LIC chairman Oct 27, 2016 10:02 PM IST

    Ratan Tata meets LIC chairman

    Amidst rising worries about the plunging value of Tata Group companies after Cyrus Mistry was shown the door earlier in the week, interim chairman Ratan Tata today met V K Sharma, the acting chairman of LIC which is one of the major investors in Tata companies.

  • LIC buys over 50% of NBCC shares on offer, invests Rs 1,200 cr Oct 26, 2016 02:44 PM IST

    LIC buys over 50% of NBCC shares on offer, invests Rs 1,200 cr

    LIC's stake in the state-run construction firm has gone up to 8.11 per cent following its participation in NBCC offer for sale which happened last week.

  • General insurers eye Rs 1.2 lakh cr premium income this fiscal Oct 19, 2016 09:18 PM IST

    General insurers eye Rs 1.2 lakh cr premium income this fiscal

    Enthused by the good performance in the first half of the current fiscal, the non-life insurance industry is now hopeful closing the year with a Rs 1.2 lakh crore business.

  • Life Insurers' new biz premium up 61% at Rs 16,767 cr in Sep Oct 17, 2016 09:26 AM IST

    Life Insurers' new biz premium up 61% at Rs 16,767 cr in Sep

    Their collective first year (or new business) premium during September 2015 stood at Rs 10,415.35 crore, data collected by the Insurance Regulatory and Development Authority showed.

  • LIC trims stake in Raymond to 5.53% Oct 14, 2016 01:44 PM IST

    LIC trims stake in Raymond to 5.53%

    LIC, which had 7.54 percent stake earlier, brought down its shareholding in the company to 5.53 percent by selling shares between March 15, 2012, and October 10, 2016, Raymond said in a filing to the BSE.

  • India fourth largest FDI source for Qatar Oct 12, 2016 07:20 PM IST

    India fourth largest FDI source for Qatar

    Nearly two dozen domestic companies have invested USD 450 million in Qatar in the last seven years, creating 2,000 jobs in the Arab kingdom.

  • LIC reduces 2% stake in Arvind Oct 10, 2016 07:52 PM IST

    LIC reduces 2% stake in Arvind

    The corporation has sold 51.85 lakh shares of the Ahmadabad-based Arvind Ltd between November 22, 2007 and October 7, 2016, the textile manufacturer said in a BSE filing.

  • Guj HC notice to govt on PIL against New Pension Scheme Oct 09, 2016 12:42 PM IST

    Guj HC notice to govt on PIL against New Pension Scheme

    The Gujarat High Court has issued notice to the central and state governments over a PIL challenging the validity of the market-linked New Pension Scheme (NPS), applicable to government employees who joined on or after January 1, 2004.

  • UCO Bank to raise Rs 270 cr via share sale to LIC Oct 06, 2016 02:26 PM IST

    UCO Bank to raise Rs 270 cr via share sale to LIC

    The board of the bank at its meeting has approved a proposal for issue of 7.17 crore shares of Rs 10 each to Life Insurance Corporation of India (LIC) on a preferential basis at a price to be determined in accordance with Sebi regulation, UCO Bank said in a statement.

  • RBI Policy: Effective interest rates may fall going ahead, says Axis Cap Oct 04, 2016 10:27 AM IST

    RBI Policy: Effective interest rates may fall going ahead, says Axis Cap

    Irrespective of RBI's decision on interest rates on Tuesday, effective interest rates will fall over the next few months, Nandan Chakraborty, Managing Director, Institutional Equity Research, Axis Capital said. There could be a slight de-rating but index will have an upside of 15 percent on an average, he added.

  • LIC reduces stake in SBI by 2% over two years Oct 01, 2016 12:56 PM IST

    LIC reduces stake in SBI by 2% over two years

    LIC earlier held 12.45 percent (equivalent to 966,478,050 shares) stake in the country's largest lender, SBI said in a regulatory filing.

  • Hind Copper share sale: Institutions put in Rs 500 cr bids Sep 29, 2016 08:14 PM IST

    Hind Copper share sale: Institutions put in Rs 500 cr bids

    State-owned Hindustan Copper's share sale today garnered 1.56 times subscription, totalling Rs 500 crore, with most of the bids coming from LIC and mutual funds.

  • Cairn's EGM on Vedanta merger today; outcome likely positive Sep 12, 2016 11:38 AM IST

    Cairn's EGM on Vedanta merger today; outcome likely positive

    Cairn Energy Plc and Mondrian's vote, at this moment, is counted crucial to make the more than 50 percent consent.

  • Money may shift from BFSI, auto to IT, pharma sector: Edelweiss Sep 12, 2016 11:18 AM IST

    Money may shift from BFSI, auto to IT, pharma sector: Edelweiss

    Given the underperformance in IT and Pharma space, the two can be the ‘hiding places‘ and may outperform in the broader market, says Yogesh Radke of Edelweiss Securities.

  • LIC to vote in favour of Cairn-Vedanta merger Sep 09, 2016 08:46 AM IST

    LIC to vote in favour of Cairn-Vedanta merger

    State-run insurer believes the merger with Vedanta will insulate Cairn India from potential risks arising from its single line of business based on crude oil.

  • Cairn India-Vedanta merger likely on sweetened offer: Sources Aug 23, 2016 12:42 PM IST

    Cairn India-Vedanta merger likely on sweetened offer: Sources

    Sources tell CNBC-TV18 that the internal talks between the two companies are indicating a possible merger post the sweetened merger offer in June.

  • 'HDFC-Max first private insurer that can compete with LIC' Aug 09, 2016 10:35 AM IST

    'HDFC-Max first private insurer that can compete with LIC'

    Santosh Singh of Haitong Securities does not expect the insurance business deal with Max Financial Services to lead to more than 1-2 percent further up move in HDFC stock price.

  • Cairn India, Vedanta rally 18-21% in 3 consecutive sessions Jul 13, 2016 11:13 AM IST

    Cairn India, Vedanta rally 18-21% in 3 consecutive sessions

    Sources yesterday told CNBC-TV18 that while Life Insurance Corporation of India has approved of merger details, it is yet to communicate the same to Vedanta. Once that is done, the merger will commence once again post August.

  • Cairn-Vedanta merger: LIC says still not on board Jul 13, 2016 10:06 AM IST

    Cairn-Vedanta merger: LIC says still not on board

    LIC, which had expressed concerns over valuation and debt situation of the entity post-merger, owns 9.06 percent shares in Cairn India as of June quarter and 3.9 percent in Vedanta as of March.

  • Cairn-Vedanta merger gets LIC's go-ahead: Sources Jul 12, 2016 03:54 PM IST

    Cairn-Vedanta merger gets LIC's go-ahead: Sources

    As per sources, while LIC has approved of merger details, it is yet to communicate the same to Vedanta. Once that is done, the merger will commence once again post August.

  • LIC to shortly announce credit enhancement fund: ShaktikantaDas Jun 22, 2016 02:24 PM IST

    LIC to shortly announce credit enhancement fund: ShaktikantaDas

    When asked about the impact of this move, he said if infrastructure sector companies "get a credit enhancement, they will be able to access funds from the market both domestic and overseas at lower cost because of the credit enhancement which they get".

  • No Rexit impact? Foreign funds took out Rs 2,837 cr on Monday Jun 22, 2016 08:50 AM IST

    No Rexit impact? Foreign funds took out Rs 2,837 cr on Monday

    Life Insurance Corp, one of the most active institutional investors, is believed to have pumped in Rs 99 crore to purchase shares of 6-7 bluechip firms, while mutual funds also turned heavy buyers with a net purchase of shares worth Rs 459 crore and debt securities worth Rs 1,215 crore during the day.

  • No Rexit impact? Foreign funds took out Rs 2,837 cr on June 20 Jun 21, 2016 09:32 PM IST

    No Rexit impact? Foreign funds took out Rs 2,837 cr on June 20

    Domestic institutions including state-run behemoth LIC saved the day for Indian markets on June 20, as overseas investors pressed sell-button amid 'Rexit' jitters to take out over Rs 2,837 crore from Indian markets -- the highest single-day outflow so far this fiscal

  • LIC willing to be partner in NIIF: Chairman S K Roy Jun 15, 2016 03:46 PM IST

    LIC willing to be partner in NIIF: Chairman S K Roy

    "LIC has enough funds to invest in NIIF. LIC's core focus is infrastructure investment. There is no problem in investment quantum," LIC Chairman S K Roy said.

  • Market ignoring 'excellent' retail franchise of ICICI: Investec Jun 09, 2016 12:37 PM IST

    Market ignoring 'excellent' retail franchise of ICICI: Investec

    PSU bank stocks have witnessed a surprising growth this week. Kochhar says, that if there is help from the government to help them with stressful assets like in the case of IDBI Bank, the PSU bank stocks will continue seeing improvement.

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