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  • Allow banks to sell policies of 5 cos: LIC Jul 05, 2013 08:25 PM IST

    Allow banks to sell policies of 5 cos: LIC

    Life Insurance Council (LIC), an industry association, has suggested that a bank should be allowed to sell products of five different insurers.

  • HUL open offer ends today, may be subscribed 50%: Sources Jul 04, 2013 09:12 AM IST

    HUL open offer ends today, may be subscribed 50%: Sources

    CNBC-TV18's Pragya Bharadwaj that Unilever's USD 5 billion open offer which will close today, may see only 50 percent of subscription.

  • IOC offer for sale likely next month, stock tanks 4% Jul 03, 2013 11:45 AM IST

    IOC offer for sale likely next month, stock tanks 4%

    Indian Oil Corporation's (IOC) offer for sale (OFS) is likely to be held next month, reports CNBC-TV18 quoting sources.

  • Nifty support at 5500-5400; stick to fixed income: IIFL Jun 25, 2013 02:45 PM IST

    Nifty support at 5500-5400; stick to fixed income: IIFL

    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.

  • Tourism Finance Corp jumps 16% as it eyes banking license Jun 20, 2013 10:30 AM IST

    Tourism Finance Corp jumps 16% as it eyes banking license

    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.

  • Rupee crash takes a toll on HUL open offer Jun 18, 2013 10:26 PM IST

    Rupee crash takes a toll on HUL open offer

    Large investors like LIC and Aberdeen are already said to have opted out of the open offer.

  • SBI eyes Rs 1,500cr net from domestic treasury ops Jun 16, 2013 06:11 PM IST

    SBI eyes Rs 1,500cr net from domestic treasury ops

    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.

  • Beware of mis-selling: Must read before buying any policy May 27, 2013 04:22 PM IST

    Beware of mis-selling: Must read before buying any policy

    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.

  • Evening wrap: Top news at a glance May 21, 2013 05:16 PM IST

    Evening wrap: Top news at a glance

    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.

  • LIC India sells 2.53% stake in Maruti Suzuki May 21, 2013 03:00 PM IST

    LIC India sells 2.53% stake in Maruti Suzuki

    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.

  • Cobrapost: Action against 31 employees of PSU banks & LIC May 07, 2013 09:04 PM IST

    Cobrapost: Action against 31 employees of PSU banks & LIC

    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.

  • IRDA probes money laundering allegations against insurers May 06, 2013 09:52 PM IST

    IRDA probes money laundering allegations against insurers

    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.

  • Why Cobrapost expose was a non-event for bank stocks May 06, 2013 03:58 PM IST

    Why Cobrapost expose was a non-event for bank stocks

    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.

  • Here's how banks, insurers help clients launder black money May 06, 2013 10:55 AM IST

    Here's how banks, insurers help clients launder black money

    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.

  • LIC sells shares worth Rs 8,800cr in 17 Sensex companies Apr 24, 2013 07:05 PM IST

    LIC sells shares worth Rs 8,800cr in 17 Sensex companies

    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.

  • Tax mop up growth target of 18% realistic: FinMin aide Apr 04, 2013 11:58 AM IST

    Tax mop up growth target of 18% realistic: FinMin aide

    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.

  • Life insurers' premium income falls over 6% in Apr-Feb FY13 Mar 31, 2013 05:54 PM IST

    Life insurers' premium income falls over 6% in Apr-Feb FY13

    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.

  • Do away with special laws for SBI, LIC: FSLRC Mar 31, 2013 01:53 PM IST

    Do away with special laws for SBI, LIC: FSLRC

    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.

  • MF colour codes: What it means for your investments? Mar 25, 2013 04:01 PM IST

    MF colour codes: What it means for your investments?

    In an interview to CNBC-TV18, personal finance expert, Gaurav Mashruwala, Certified Financial Planner shared his outlook mutual funds' colour coding.

  • Design divestment to meet deficit, market needs: Haldea Mar 20, 2013 01:19 PM IST

    Design divestment to meet deficit, market needs: Haldea

    Prithvi Haldea, MD, Prime Database is not happy with the way government has handled its divestment programme.

  • LIC Jeevan Sugam Vs tax-free bonds: What's best for you? Mar 15, 2013 04:00 PM IST

    LIC Jeevan Sugam Vs tax-free bonds: What's best for you?

    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.

  • New insurance norms to hurt investments Mar 11, 2013 10:23 PM IST

    New insurance norms to hurt investments

    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.

  • DIIs to blame for midcap carnage: IIFL's Nirmal Jain Mar 05, 2013 11:51 AM IST

    DIIs to blame for midcap carnage: IIFL's Nirmal Jain

    Lack of retail participation and continuous selling by domestic institutional investors (DIIs) remains the key concern for Indian market, believes Nirmal Jain, chairman-IIFL.

  • LIC exposure issue: A matter of legal interpretation Feb 18, 2013 09:09 PM IST

    LIC exposure issue: A matter of legal interpretation

    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.

  • Focus on recoveries, may look to LIC for capital: IOB's CMD Feb 13, 2013 08:06 AM IST

    Focus on recoveries, may look to LIC for capital: IOB's CMD

    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.

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