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.
- Jun 01, 2016 07:44 PM IST
The new premium collection of life insurers rose by over 51 percent to Rs 7,972.54 crore in April this year
- May 31, 2016 07:40 PM IST
RBI said total foreign investment from all sources in the bank shall not exceed 62 per cent of the paid-up capital.
- May 20, 2016 09:02 PM IST
Pitching for more competition, Finance Minister Arun Jaitley cautioned that pro-business environment without "pro-competition" policies can result in dangerous consequences, including crony capitalism
- May 18, 2016 03:58 PM IST
In individual single premium business, LIC's market share stood at over 80 percent in fiscal 2015-16, whereas in group single premium, the market share was more than 85 percent.
- May 15, 2016 01:16 PM IST
LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that manages the GCC markets becoming the best among its eight international subsidiaries in terms of new business premium collection in 2015.
- Apr 18, 2016 09:16 PM IST
"Life Insurance Corporation (LIC) has agreed to subscribe up to 1,32,44,282 equity shares of the bank on preferential basis subject to their shareholding restricted to 14.50 per cent of the post issue share capital of the Bank," it said in the regulatory filing.
- Apr 11, 2016 10:04 PM IST
Among the new products launched by LIC in 2015-16, it collected Rs 11,000 crore from Jeewan Labh, whereas another scheme Jeewan Shikhar helped it mop up Rs 2,000 crore during the last fiscal, the official said.
- Apr 07, 2016 06:22 PM IST
Kutumbe said that having announced a target of investing up to Rs 1.5 lakh crore to help the Railways, LIC has loaned Rs 7,000 crore to it in 2015-16 and scale it up as Railways comes up with its needs.
- Apr 07, 2016 05:36 PM IST
Under the deal, Nomura Asset Management Strategic Investments PTE will sell its stake in LIC Nomura Mutual Fund AMC and LIC Nomura Mutual Fund Trustee Company.
- Apr 07, 2016 04:46 PM IST
Unitech is in advanced stage of discussion with 2-3 private equity firms, including one from the Middle East, to raise funds, sources said. The company would use the amount raised to clear the dues of Life Insurance Corporation of India (LIC) and development of a new housing project in Noida, they added.
- Apr 04, 2016 08:01 AM IST
Tata Motors | Hero MotoCorp | Tata Steel | HCL Technologies | Geometric | ITC | Godfrey Phillips | VST Industries | IVRCL | Wabco India | Jubilant Foodworks | Infibeam | Godrej Consumer | SAIL | Nitco | Future Lifestyle and Simplex Castings are stocks, which are in the news today.
- Apr 02, 2016 12:33 PM IST
Tata Motors | Hero MotoCorp | Tata Steel | HCL Technologies | Geometric | ITC | Godfrey Phillips | VST Industries | IVRCL | Wabco India | Sanghi Industries | Jubilant Foodworks | Infibeam Incorporation | Godrej Consumer Products | SAIL | Nitco | Future Lifestyle and Simplex Castings are stocks, which will be in the news on Monday.
- Mar 31, 2016 08:10 PM IST
State-owned IDBI Bank today said it has sold 2 percent stake in National Stock Exchange to country's largest insurer LIC.
- Mar 31, 2016 12:54 PM IST
Public sector lender Oriental Bank of Commerce (OBC) today said it has raised over Rs 178 crore by issuing more then 2.15 crore shares to LIC on preferential basis.
- Mar 30, 2016 05:24 PM IST
IDBI Bank referred Sebi's approval letter dated March 29, 2016, whereby the market regulator accepted Bank's request to allot shares to LIC on preferential basis.
- Mar 30, 2016 02:32 PM IST
Post the acquisition of additional shares in Dena Bank, LIC's stake in the lender has gone up to 14.5 percent from 11.63 percent earlier, Dena Bank said in a regulatory filing today.
- Mar 29, 2016 09:04 AM IST
The allotment of shares is part of IDBI Bank's plan to offload government shareholding as part of privatisation move.
- Mar 28, 2016 07:55 PM IST
This move will effectively bringing down the government's holding in IDBI Bank from 80.2 percent to 74 percent.
- Mar 28, 2016 06:44 PM IST
Public sector lender Syndicate Bank will raise over Rs 217 crore by allotting preferential shares to LIC to shore up capital to meet Basel III norms.
- Mar 26, 2016 12:52 PM IST
The subscribed Konkan Railway Corporation
bonds worth Rs 250 crore to enable LIC's key projects.
- Mar 21, 2016 11:37 AM IST
Finance Minister Arun Jaitley in his Union Budget speech in February said, "The process of transformation of IDBI Bank has already started. Government will take it forward and also consider the option of reducing its stake to below 50 percent."