Jul 05, 2013 08:25 PM IST
Life Insurance Council (LIC), an industry association, has suggested that a bank should be allowed to sell products of five different insurers.
- Jul 04, 2013 09:12 AM IST
CNBC-TV18's Pragya Bharadwaj that Unilever's USD 5 billion open offer which will close today, may see only 50 percent of subscription.
- Jul 03, 2013 11:45 AM IST
Indian Oil Corporation's (IOC) offer for sale (OFS) is likely to be held next month, reports CNBC-TV18 quoting sources.
- Jun 25, 2013 02:45 PM IST
Nirmal Jain of IIFL told CNBC-TV18 that the Nifty may be near the bottom level and might break the barrier at 5,500. However, he expected support from LIC for the same.
- Jun 20, 2013 10:30 AM IST
Industrial Finance Corporation of India (IFCI) has major stake of 42.50 percent in Tourism Finance Corporation of India (TFCI), while State Bank of India, LIC and Bank of India hold 9.19 percent, 7.70 percent and 4.70 percent, respectively.
- Jun 18, 2013 10:26 PM IST
Large investors like LIC and Aberdeen are already said to have opted out of the open offer.
- Jun 16, 2013 06:11 PM IST
SBI aims to net Rs 1,500 crore profit from domestic treasury operations this fiscal and is set to post "substantial improvement" in gains during the first quarter, a top official has said.
- May 27, 2013 04:22 PM IST
While one is applying for the product, ensure that alll details are given in writing. If one does not understand the product then do not buy it, advices Certified Financial Planner Gaurav Mashruwala.
- May 21, 2013 05:16 PM IST
Sensex fell 112.37 points to close at 20111.61, and the 50-share Nifty ended at 6114.10, down 42.80 points over the previous close. Shares from the realty, auto, power and banking sectors struggled, while those from the IT services sector gained ground.
- May 21, 2013 03:00 PM IST
Post-sale, LIC's stake in Maruti Suzuki India (MSI) has come down to 8.247 per cent currently from 10.777 percent earlier, the auto maker said in a filing to the BSE.
- May 07, 2013 09:04 PM IST
A day after a web portal alleged instances of money laundering by some state owned banks and LIC, the government today said action has been taken against 31 officers and employees, including suspension, for violation of various regulations.
- May 06, 2013 09:52 PM IST
Insurance regulator IRDA on Monday said it is examining the allegations of money laundering levelled against LIC, Reliance Life, Tata AIA and Birla Sun Life and assured that action will be taken against the guilty at the earliest.
- May 06, 2013 03:58 PM IST
The shrill Cobrapost bite, this time mostly on large state-owned banks and insurance companies, failed to upset the market confidence on banking shares. The latest sting operation turned out to be a non-event that did not lead to panic-selling by investors on Monday. Bank Nifty was flat to close the day's trading at 12,396.
- May 06, 2013 10:55 AM IST
Banks are accepting huge amounts of unaccounted cash to invest it in insurance products, and sometimes in gold as well. Forged PAN cards are being arranged to facilitate investment of huge unaccounted cash.
- Apr 24, 2013 07:05 PM IST
State-run insurance giant LIC has lowered its exposure in 17 blue-chip firms, with sale of shares worth an estimated amount of over Rs 8,800 crore, in the quarter ended March 31, 2013.
- Apr 04, 2013 11:58 AM IST
Despite the slowdown in the economy and a downward revision in tax mop up target last year, the government is confident of achieving its target of 18% growth in tax collection in 2013-14.
- Mar 31, 2013 05:54 PM IST
Life insurance industry comprising over 20 companies, including public sector LIC, saw a dip of over 6 percent in premium income in the last 11 months with Reliance Life recording the steepest fall.
- Mar 31, 2013 01:53 PM IST
Suggesting a level playing field for financial sector entities, a government appointed panel has made a strong pitch for converting SBI, LIC and few other firms into ordinary companies under the Companies Act.
- Mar 25, 2013 04:01 PM IST
In an interview to CNBC-TV18, personal finance expert, Gaurav Mashruwala, Certified Financial Planner shared his outlook mutual funds' colour coding.
- Mar 20, 2013 01:19 PM IST
Prithvi Haldea, MD, Prime Database is not happy with the way government has handled its divestment programme.
- Mar 15, 2013 04:00 PM IST
In an interview to CNBC-TV18, personal finance expert, Harshvardhan Roongta of Roongta Securities discussed about Life Insurance Corporation of India's new product Jeevan Sugam.
- Mar 11, 2013 10:23 PM IST
New insurance regulator TS Vijayan gives the sector no reason to party, companies are up in arms, they say that the new guidelines for insurance products threaten to hurt an already bleeding industry.
- Mar 05, 2013 11:51 AM IST
Lack of retail participation and continuous selling by domestic institutional investors (DIIs) remains the key concern for Indian market, believes Nirmal Jain, chairman-IIFL.
- Feb 18, 2013 09:09 PM IST
Insurance Regulatory and Development Authority (IRDA) today said the government's recent move to allow LIC to own up to 30 per cent in a listed company is a matter of legal interpretation. "The issue is a matter of legal interpretation.
- Feb 13, 2013 08:06 AM IST
Rising pile of non-performing assets coupled with low base of equity capital has cramped growth for state-owned Indian Overseas Bank. Not surprisingly, investors have been could-shouldering the stock for a while now. Over the last year, IOB shares shrank nearly 23% as against a rise of about 18% in the Bankex.