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  • Market seen touching new benchmark of 2012 by Diwali: LIC Oct 18, 2012 12:16 PM IST

    Market seen touching new benchmark of 2012 by Diwali: LIC

    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.

  • IFCI board approves conversion of Rs923cr bonds into equity Oct 04, 2012 04:20 PM IST

    IFCI board approves conversion of Rs923cr bonds into equity

    IFCI today said its board has decided to proceed with the conversion of Government of India bonds worth Rs 923 crore into equity.

  • Service tax rejig to help boost sector: Ex-LIC Chmn Oct 03, 2012 10:55 AM IST

    Service tax rejig to help boost sector: Ex-LIC Chmn

    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.

  • LIC Housing plans $250 mln-$270 mln share sale: sources Sep 27, 2012 05:26 PM IST

    LIC Housing plans $250 mln-$270 mln share sale: sources

    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.

  • Sebi approves govt's stake hike in IFCI to 55.57% Sep 25, 2012 05:32 PM IST

    Sebi approves govt's stake hike in IFCI to 55.57%

    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.

  • Top 100 companies pay 10% more in advance tax in Q2 Sep 17, 2012 05:20 PM IST

    Top 100 companies pay 10% more in advance tax in Q2

    The overall advance tax realisation from the top 100 companies in the financial capital during the second quarter logged in a healthy 10% rise.

  • LIC, HDFC Bank lead advance tax payouts in 2nd quarter Sep 15, 2012 04:41 PM IST

    LIC, HDFC Bank lead advance tax payouts in 2nd quarter

    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.

  • LIC targeting Rs 50,000 cr investment in equities in FY13 Sep 07, 2012 01:09 PM IST

    LIC targeting Rs 50,000 cr investment in equities in FY13

    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.

  • LIC sold over 300 lakh policies during FY12:Official Sep 02, 2012 09:51 AM IST

    LIC sold over 300 lakh policies during FY12:Official

    Life Insurance Corporation sold over 300 lakh policies during the financial year 2011-12, a senior company official said today.

  • LIC sells Tata Global Beverages shares worth Rs 160 crore Aug 27, 2012 09:24 PM IST

    LIC sells Tata Global Beverages shares worth Rs 160 crore

    Life Insurance Corp (LIC) has sold shares worth Rs 160 crore of Tata Global Beverages, representing a little over 2% stake in the company.

  • Insurance cos may be allowed to invest upto 20% in equities Aug 08, 2012 04:04 PM IST

    Insurance cos may be allowed to invest upto 20% in equities

    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.

  • LIC Housing Fin resting on a strong foundation: Nirmal Bang Jul 21, 2012 01:51 PM IST

    LIC Housing Fin resting on a strong foundation: Nirmal Bang

    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.

  • LIC, Singapore Govt hike stake in Reliance Industries Jul 20, 2012 02:29 PM IST

    LIC, Singapore Govt hike stake in Reliance Industries

    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.

  • LIC ups Infy stake to record high; buys Rs 2kcr worth shres Jul 13, 2012 12:34 PM IST

    LIC ups Infy stake to record high; buys Rs 2kcr worth shres

    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.

  • Switch equity funds post lock in period to ELSS schemes Jul 06, 2012 04:00 PM IST

    Switch equity funds post lock in period to ELSS schemes

    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.

  • First year premium of life insurance cos up 1.4% in Apr-May Jun 27, 2012 04:07 PM IST

    First year premium of life insurance cos up 1.4% in Apr-May

    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).

  • Have a short term investment goal? Invest conservatively Jun 22, 2012 02:36 PM IST

    Have a short term investment goal? Invest conservatively

    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.

  • No advance tax cheer for taxman; growth seen at 5-6% Jun 14, 2012 10:18 PM IST

    No advance tax cheer for taxman; growth seen at 5-6%

    CNBC-TV18‘s Ashmit Kumar reports that overall numbers advance tax may not bring cheer for the taxman.

  • FM to insurers: Reorganise branches, open offices in towns Jun 13, 2012 09:00 PM IST

    FM to insurers: Reorganise branches, open offices in towns

    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.

  • LIC buys PSU stocks, sells pvt sector blue-chips in Q4 May 27, 2012 05:12 PM IST

    LIC buys PSU stocks, sells pvt sector blue-chips in Q4

    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.

  • Why traders might not have gone in for the kill today May 14, 2012 04:26 PM IST

    Why traders might not have gone in for the kill today

    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.

  • Moody's downgrades LIC, outlook stable May 14, 2012 02:56 PM IST

    Moody's downgrades LIC, outlook stable

    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.

  • LIC buys 4.68% stake in Bank of Maharashtra May 11, 2012 09:48 AM IST

    LIC buys 4.68% stake in Bank of Maharashtra

    LIC has bought 4.68% stake in Bank of Maharashtra via open market/pref issue, reports CNBC-TV18.

  • Buying online insurance policy? Remember these points May 09, 2012 02:35 PM IST

    Buying online insurance policy? Remember these points

    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%.

  • Choosing multiple insurance products? Look before you leap May 07, 2012 03:14 PM IST

    Choosing multiple insurance products? Look before you leap

    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.

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