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  • LIC Housing Finance to raise over Rs 2,334 crore from LIC as equity capital Jun 25, 2021 08:07 AM IST

    LIC Housing Finance to raise over Rs 2,334 crore from LIC as equity capital

    LIC Housing Finance will issue shares at Rs 514.25 apiece to its promoter LIC on a preferential basis.

  • Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors Jun 22, 2021 07:01 PM IST

    Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors

    The government has not yet finalized how much stake to sell and will do so in consultation with the RBI, LIC Ltd, and the appointed transaction advisor, a senior government official told Moneycontrol. The stake offloaded could be anything between 26 percent (the minimum required to transfer management control) and the centre's entire stake, which is currently at 45.5 percent

  • Govt eases listing norms for companies having over Rs 1 lakh crore market capitalisation Jun 21, 2021 10:01 PM IST

    Govt eases listing norms for companies having over Rs 1 lakh crore market capitalisation

    The Department of Economic Affairs under the finance ministry has amended the Securities Contracts (Regulation) Rules.

  • Centre considering over 24 anchor investors for Rs 25,000 crore infusion in LIC’s IPO: Report Jun 14, 2021 08:25 AM IST

    Centre considering over 24 anchor investors for Rs 25,000 crore infusion in LIC’s IPO: Report

    Anchor investors will buy a portion of Life Insurance Corporation of India (LIC) shares, meant for qualified institutional buyers (QIPs) “to help measure market demand”.

  • IPO impact? LIC chairman M R Kumar tenure extended till March 2022 Jun 09, 2021 03:34 PM IST

    IPO impact? LIC chairman M R Kumar tenure extended till March 2022

    This extension comes amid the proposed LIC IPO that could be done in Q4FY22. Kumar was to retire on June 30, 2021.

  • LIC IPO: Govt to seek proposals from investment banks in June, says report Jun 03, 2021 03:50 PM IST

    LIC IPO: Govt to seek proposals from investment banks in June, says report

    The initial public offering of Life Insurance Corporation could happen as early as March 2022, the report claimed.

  • All you need to know about Pradhan Mantri Jeevan Jyoti Bima Yojana May 26, 2021 04:23 PM IST

    All you need to know about Pradhan Mantri Jeevan Jyoti Bima Yojana

  • LIC's shareholding in listed companies hit all-time low, but it increased stake in 10 firms in Q4 May 11, 2021 02:14 PM IST

    LIC's shareholding in listed companies hit all-time low, but it increased stake in 10 firms in Q4

    The state-run insurer booked profits in the first three months of 2021 even as Nifty gained 5 percent

  • IDBI Bank divestment: LIC may sell stake in multiple tranches, up to 5% in FY22 May 06, 2021 01:34 PM IST

    IDBI Bank divestment: LIC may sell stake in multiple tranches, up to 5% in FY22

    LIC which is the promoter of IDBI Bank is likely to sell stake and unlock value ahead of its initial public offering in Q3FY22.

  • CCEA clears 'strategic divestment' of IDBI Bank May 05, 2021 04:31 PM IST

    CCEA clears 'strategic divestment' of IDBI Bank

    The centre and LIC together own more than 94 percent of equity of IDBI Bank, with the centre owning 45.48 percent and LIC owning 49.24 percent. LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter.

  • LIC sees Rs 3.76 lakh crore additions in equity holding value in FY21 May 03, 2021 02:44 PM IST

    LIC sees Rs 3.76 lakh crore additions in equity holding value in FY21

    The country’s largest insurer saw its equity holding value rise to Rs 7.69 lakh crore in FY21 as against Rs 3.93 lakh crore a year ago, representing a whopping 96 percent year-on-year growth

  • LIC employees get 16% wage hike, 5-day-work week, other benefits: Report Apr 16, 2021 10:11 AM IST

    LIC employees get 16% wage hike, 5-day-work week, other benefits: Report

    Apart from revised wage, other benefits for LIC employees include the approval for five-day work week, with immediate effect.

  • Disinvestment target of FY'22 achievable; LIC IPO to bring in Rs 1 lakh crore: CEA Mar 27, 2021 03:27 PM IST

    Disinvestment target of FY'22 achievable; LIC IPO to bring in Rs 1 lakh crore: CEA

    The RBI's Monetary Policy Committee has been mandated to maintain annual inflation at 4 per cent until March 31 with an upper tolerance of 6% and lower limit of 2%.

  • LIC offers new facility to policyholders to ease maturity claim process Mar 22, 2021 06:57 PM IST

    LIC offers new facility to policyholders to ease maturity claim process

    In view of the coronavirus-related curbs, policyholders have been allowed to submit their maturity claim documents at the nearest LIC offices.

  • Life Insurance Corporation eases policy claim settlement process Mar 18, 2021 09:35 PM IST

    Life Insurance Corporation eases policy claim settlement process

    The facility is on trial now and is effective immediately. It will last till March 31, LIC said.

  • LIC strike today: Employees protest against proposed IPO, privatisation, FDI limit hike Mar 18, 2021 11:49 AM IST

    LIC strike today: Employees protest against proposed IPO, privatisation, FDI limit hike

    The strike by the LIC employees comes two days after the nationwide bank strike which impacted banking services throughout the country.

  • Explained | Why public sector employees across India are protesting against privatisation and what is Centre’s response Mar 17, 2021 11:42 AM IST

    Explained | Why public sector employees across India are protesting against privatisation and what is Centre’s response

    Public sector banks' employees held 2-day strike on March 15-16, general insurance companies employees are striking on March 17, and LIC employees on March 18. Here are the details:

  • Strategic divestment: Anurag Thakur allays concerns on loss of job, PF and other benefits Mar 16, 2021 01:20 PM IST

    Strategic divestment: Anurag Thakur allays concerns on loss of job, PF and other benefits

    On concerns with regards to jobs losses in India’s largest insurer LIC, MoS Anurag Thakur noted that LIC is not being privatised, but has only planned an initial public offering (IPO)

  • SBI Life and Max Life ride recovery, but will LIC queer the pitch in FY22? Mar 10, 2021 10:04 AM IST

    SBI Life and Max Life ride recovery, but will LIC queer the pitch in FY22?

    SBI Life and Max Life outpaced life insurance industry growth in February. There are fears that LIC’s impending listing may see it become more aggressive

  • Govt proposes to hike in LIC's authorised capital to Rs 25,000 crore Mar 07, 2021 02:01 PM IST

    Govt proposes to hike in LIC's authorised capital to Rs 25,000 crore

    Currently, the paid-up capital of the life insurance company with over 29 crore policies is Rs 100 crore. Starting with an initial capital of Rs 5 crore in 1956, LIC has an asset base of Rs 31,96,214.81 crore.

  • EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar Feb 10, 2021 09:45 AM IST

    EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar

    LIC's`contrarian’ strategy when investing in equity markets, to sell when the sentiment is bullish and buy when the mood is bearish, has paid rich dividends

  • Up to 10% of LIC IPO issue size to be reserved for policyholders: MoS Finance Anurag Thakur Feb 09, 2021 06:28 PM IST

    Up to 10% of LIC IPO issue size to be reserved for policyholders: MoS Finance Anurag Thakur

    In her Budget Speech 2021, Finance Minister Nirmala Sitharaman said the initial public offering (IPO) of Life Insurance Corporation (LIC) would be launched in the next financial year, beginning April 1.

  • LIC IPO may hit market in Q4 of next fiscal: DEA Secretary Tarun Bajaj Feb 03, 2021 08:59 PM IST

    LIC IPO may hit market in Q4 of next fiscal: DEA Secretary Tarun Bajaj

    As many as 27 amendments have been pushed through the Finance Bill 2021 tabled by Finance Minister Nirmala Sitharaman on Monday along with the Union Budget 2021-22

  • Government’s non-strategic sector privatisation can offer good opportunity for investors Feb 03, 2021 08:56 AM IST

    Government’s non-strategic sector privatisation can offer good opportunity for investors

    Most of these companies have a decent market share in their respective products and can benefit from aggressive and focused management.

  • Budget 2021 | Govt to go big on privatisation in FY22; FM announces details of strategic sector policy Feb 01, 2021 12:29 PM IST

    Budget 2021 | Govt to go big on privatisation in FY22; FM announces details of strategic sector policy

    The government has pegged the disinvestment target for FY22 at Rs 1.75 lakh crore. This will include the shedding of Centre's stake in two state-owned banks and a general insurance company, and large-scale asset sales, Finance Minister Nirmala Sitharaman said during her budget presentation.

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