Jun 25, 2021 08:07 AM IST
LIC Housing Finance will issue shares at Rs 514.25 apiece to its promoter LIC on a preferential basis.
- Jun 22, 2021 07:01 PM IST
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
- Jun 21, 2021 10:01 PM IST
The Department of Economic Affairs under the finance ministry has amended the Securities Contracts (Regulation) Rules.
- Jun 14, 2021 08:25 AM IST
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”.
- Jun 09, 2021 03:34 PM IST
This extension comes amid the proposed LIC IPO that could be done in Q4FY22. Kumar was to retire on June 30, 2021.
- Jun 03, 2021 03:50 PM IST
The initial public offering of Life Insurance Corporation could happen as early as March 2022, the report claimed.
- May 26, 2021 04:23 PM IST
- May 11, 2021 02:14 PM IST
The state-run insurer booked profits in the first three months of 2021 even as Nifty gained 5 percent
- May 06, 2021 01:34 PM IST
LIC which is the promoter of IDBI Bank is likely to sell stake and unlock value ahead of its initial public offering in Q3FY22.
- May 05, 2021 04:31 PM IST
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.
- May 03, 2021 02:44 PM IST
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
- Apr 16, 2021 10:11 AM IST
Apart from revised wage, other benefits for LIC employees include the approval for five-day work week, with immediate effect.
- Mar 27, 2021 03:27 PM IST
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%.
- Mar 22, 2021 06:57 PM IST
In view of the coronavirus-related curbs, policyholders have been allowed to submit their maturity claim documents at the nearest LIC offices.
- Mar 18, 2021 09:35 PM IST
The facility is on trial now and is effective immediately. It will last till March 31, LIC said.
- Mar 18, 2021 11:49 AM IST
The strike by the LIC employees comes two days after the nationwide bank strike which impacted banking services throughout the country.
- Mar 17, 2021 11:42 AM IST
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:
- Mar 16, 2021 01:20 PM IST
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)
- Mar 10, 2021 10:04 AM IST
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
- Mar 07, 2021 02:01 PM IST
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.
- Feb 10, 2021 09:45 AM IST
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
- Feb 09, 2021 06:28 PM IST
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.
- Feb 03, 2021 08:59 PM IST
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
- Feb 03, 2021 08:56 AM IST
Most of these companies have a decent market share in their respective products and can benefit from aggressive and focused management.
- Feb 01, 2021 12:29 PM IST
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.