Oct 18, 2012 12:16 PM IST
Analysts are betting big on the Indian market and expecting to see some more fireworks by Diwali or year-end. DK Mehrotra, Chairman of LIC believes that the market has started improving and is expected to reach new benchmark for 2012 by Diwali.
- Oct 04, 2012 04:20 PM IST
IFCI today said its board has decided to proceed with the conversion of Government of India bonds worth Rs 923 crore into equity.
- Oct 03, 2012 10:55 AM IST
Former LIC Chairman SB Mathur says the cost of insurance had gone up enormously, especially in the case of single premium products. He says tax sops are important in long-term products like insurance and pension schemes.
- Sep 27, 2012 05:26 PM IST
LIC Housing Finance has hired five banks including Citigroup and HSBC for an institutional share sale to raise between $250 million and $270 million, three sources with direct knowledge of the matter said on Thursday.
- Sep 25, 2012 05:32 PM IST
Market regulator Sebi has approved a proposed hike of the government's stake in IFCI Ltd to 55.57 percent to make it a state-run company, without triggering an open offer for shares of public investors.
- Sep 17, 2012 05:20 PM IST
The overall advance tax realisation from the top 100 companies in the financial capital during the second quarter logged in a healthy 10% rise.
- Sep 15, 2012 04:41 PM IST
Financial sector companies, led by life insurance giant LIC and private lender HDFC Bank 2.38%, today posted a healthy increase in their second quarter advance tax payout belying sluggishness in the economy.
- Sep 07, 2012 01:09 PM IST
Life Insurance of India (LIC) is planning to scale up its investment in public sector units (PSUs) as government has instructed it to prepare for divestments. LIC has earmarked Rs 20,000 crore for upcoming PSU share sale, reports CNBC-TV18.
- Sep 02, 2012 09:51 AM IST
Life Insurance Corporation sold over 300 lakh policies during the financial year 2011-12, a senior company official said today.
- Aug 27, 2012 09:24 PM IST
Life Insurance Corp (LIC) has sold shares worth Rs 160 crore of Tata Global Beverages, representing a little over 2% stake in the company.
- Aug 08, 2012 04:04 PM IST
It could be the big boost to market and the government's divestment agenda. Govt sources have indicated that the investment cap on insurance companies may be hiked. Insurance companies may now be allowed to invest upto 20% in market.
- Jul 21, 2012 01:51 PM IST
LIC Housing operates in the mortgage financing business where growth and asset quality have proven to be healthy in the last few years. LIC Housing is one of the top players in this mortgage market with a 10% market share.
- Jul 20, 2012 02:29 PM IST
State-run insurance giant LIC and Government of Singapore have hiked their stakes in Reliance Industries with the purchase of shares worth over Rs 1,550 crore during the last quarter.
- Jul 13, 2012 12:34 PM IST
The country's largest insurer LIC has hiked its stake in Infosys to a record high level of 6.3% with purchase of shares worth an estimated Rs 2,000 crore in the first quarter of the current fiscal.
- Jul 06, 2012 04:00 PM IST
In an exclusive interview to CNBC-TV18, Harsh Roongta, CEO, Apnapaisa.Com answers investors' personal finance queries. Roongta is of the opinion that once the three year lock-in period for tax saving funds is over, investors should look at switching them into regular equity funds.
- Jun 27, 2012 04:07 PM IST
First year premium of the life insurance companies rose by a marginal 1.4% year during the first two months of the current financial year, according to data released by the Insurance Regulatory and Development Authority (IRDA).
- Jun 22, 2012 02:36 PM IST
In an interview to CNBC-TV18, Certified Financial Planner Gaurav Mashruwala answers investors' personal finance queries. According to Mashruwala, if you have a short time horizon, keep a conservative approach to investing.
- Jun 14, 2012 10:18 PM IST
CNBC-TV18‘s Ashmit Kumar reports that overall numbers advance tax may not bring cheer for the taxman.
- Jun 13, 2012 09:00 PM IST
Concerned over rising losses of the PSU insurance companies, the government today asked the them to reorganise their branch network and open offices in smaller towns by month end to serve customers.
- May 27, 2012 05:12 PM IST
State-run insurance giant LIC purchased shares worth an estimated Rs 20,000 crore, mostly of public sector companies, during the last quarter of 2011-12, but also sold shares of many private sector giants.
- May 14, 2012 04:26 PM IST
The Sensex fell for a fifth session in row on Monday as higher-than-expected inflation reduced the prospects of further interest rate cuts, while a spike in global risk aversion further dented sentiment.
- May 14, 2012 02:56 PM IST
Moody's cut its rating for state-run Life Insurance Corp of India (LIC) two weeks after it put the country's largest portfolio investor under review for a downgrade over its high exposure to sovereign debt and lack of revenue sources outside of India.
- May 11, 2012 09:48 AM IST
LIC has bought 4.68% stake in Bank of Maharashtra via open market/pref issue, reports CNBC-TV18.
- May 09, 2012 02:35 PM IST
As per IRDA Annual Report, 2010-11 the total premium underwritten by the life insurance sector in 2010-11 was Rs 2,91,605 crore as against Rs. `2,65,447 crore in 2009-10 exhibiting a growth of 9.85%.
- May 07, 2012 03:14 PM IST
Planning for the future is a common process. Everyone wants to secure their future financially. The future needs occur in the form of children‘s higher education, their marriage, business, etc.