Oct 27, 2016 10:02 PM IST
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.
- Oct 26, 2016 02:44 PM IST
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.
- Oct 19, 2016 09:18 PM IST
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.
- Oct 17, 2016 09:26 AM IST
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.
- Oct 14, 2016 01:44 PM IST
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.
- Oct 12, 2016 07:20 PM IST
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.
- Oct 10, 2016 07:52 PM IST
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.
- Oct 09, 2016 12:42 PM IST
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.
- Oct 06, 2016 02:26 PM IST
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.
- Oct 04, 2016 10:27 AM IST
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.
- Oct 01, 2016 12:56 PM IST
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.
- Sep 29, 2016 08:14 PM IST
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.
- Sep 12, 2016 11:38 AM IST
Cairn Energy Plc and Mondrian's vote, at this moment, is counted crucial to make the more than 50 percent consent.
- Sep 12, 2016 11:18 AM IST
Given the underperformance in IT and Pharma space, the two can be the â€˜hiding places‘ and may outperform in the broader market, says Yogesh Radke of Edelweiss Securities.
- Sep 09, 2016 08:46 AM IST
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.
- Aug 23, 2016 12:42 PM IST
Sources tell CNBC-TV18 that the internal talks between the two companies are indicating a possible merger post the sweetened merger offer in June.
- Aug 09, 2016 10:35 AM IST
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.
- Jul 13, 2016 11:13 AM IST
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.
- Jul 13, 2016 10:06 AM IST
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.
- Jul 12, 2016 03:54 PM IST
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.
- Jun 22, 2016 02:24 PM IST
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".
- Jun 22, 2016 08:50 AM IST
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.
- Jun 21, 2016 09:32 PM IST
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
- Jun 15, 2016 03:46 PM IST
"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.
- Jun 09, 2016 12:37 PM IST
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.