Jan 13, 2019 12:59 PM IST
The market share of private insurers increased to 30.64 percent in 2017-18, from 28.19 percent in 2016-17.
- Jan 01, 2019 08:19 PM IST
Meanwhile, the government has already initiated process to select regular chairman and managing director of LIC.
- Jan 01, 2019 04:27 PM IST
Vacancy of chairman post arised after retirement of V K Sharma on December 31, 2018, while position of MD fell vacant after superannuation of Usha Sangwan in September last year.
- Dec 21, 2018 11:43 AM IST
A bench of Chief Justice Rajendra Menon and Justice V K Rao said the single judge had considered all aspects before denying any relief to the All India IDBI Officers Association, which had opposed the Life Insurance Corporation (LIC) move on the ground that change in shareholding could take away IDBI's public sector bank status.
- Dec 18, 2018 10:11 PM IST
The open offer has been made at a price of Rs 61.73 a share, which is in connection with LIC's acquisition of 51 percent controlling stake in IDBI Bank.
- Dec 17, 2018 02:43 PM IST
Additional Solicitor General Tushar Mehta, appearing for LIC, had also said it has applied for a banking licence.
- Dec 07, 2018 06:10 PM IST
The Left Front, which ruled Tripura for 25 years since 1993, was defeated by the BJP and IPFT combine in the election this year.
- Dec 07, 2018 05:59 PM IST
With over Rs 55,000 crore debt its its books, Air India management has been trying to pare burden by monetising non-core real estate properties.
- Dec 04, 2018 02:17 PM IST
LIC's open offer to purchase 26 percent shares of IDBI Bank opened on December 3 and will close on December 14.
- Nov 30, 2018 08:19 PM IST
Life Insurance Corporation (LIC) has generated a total valuation surplus of Rs 48,444.82 crore for fiscal 2018, which is 10.1 percent higher than what it had generated in the previous fiscal, the Corporation said in a statement Friday.
- Nov 27, 2018 08:39 PM IST
With the deal, the insurer would have access to around 2,000 branches of the bank through which it can sell its products.
- Nov 21, 2018 03:48 PM IST
Due to lack of clarity on the stake sale in IDBI Bank, there was an impact on the business of its life insurance joint venture: IDBI Federal Life
- Oct 30, 2018 01:31 PM IST
A source told Moneycontrol that the MCA may take a view on this even as the SFIO is already looking into charges of mismanagement at IL&FS.
- Oct 27, 2018 01:44 PM IST
Market folklore says that 95% of option buyers lose money. On the contrary, Subhadip Nandy consistently makes money taking directional trades using option strategies.
- Oct 12, 2018 10:09 AM IST
Of the all 24 life insurance companies, state-owned LIC witnessed a decline of nearly 30 per cent as premium income from new policies to Rs 10,778.81 crore in September as against Rs 15,302.99 crore in the same month previous year.
- Oct 11, 2018 06:18 PM IST
The open offer is in connection with the LIC's acquisition of 51 percent controlling stake in the state-owned IDBI Bank.
- Oct 09, 2018 09:20 PM IST
The latest instance of LIC providing life support to yet another government organization that had its debts called in has attracted criticism. The main thrust of said criticism is the repeated use of LIC to rescue large financial corporations that seem to flounder due to dodgy decision making.
- Oct 04, 2018 10:40 PM IST
Earlier in the day, the IDBI Bank board approved the proposal for issuance of preferential shares in favour of LIC with a view to increase the share of insurer in the bank up to 51 percent.
- Oct 04, 2018 02:55 PM IST
Besides, the board approved increasing authorized capital of the bank from Rs 8,000 crore to Rs 15,000 crore.
- Sep 14, 2018 10:33 PM IST
“Their (IL&FS’s) biggest problem is they got the arbitration that they are not getting the order from NHAI and hence they have a liquidity issue,” sources said.
- Sep 04, 2018 11:12 PM IST
The LIC told Justice Vibhu Bakhru that it had in the past made several attempts to have bank of its own, but its endeavours had "failed" as "nothing fructified".
- Sep 04, 2018 02:27 PM IST
Economic Affairs Secretary Subhash Chandra Garg said markets regulator SEBI will have to take a decision on the open offer
- Sep 01, 2018 11:05 AM IST
LIC collected new business premium of Rs 1.34 lakh crore capturing a market share of 69.4 percent in FY18
- Aug 31, 2018 03:42 PM IST
At present, insurance behemoth LIC holds 7.98 percent stake in the public sector bank.
- Aug 06, 2018 12:49 PM IST
The rise in the level of non-performing assets (NPAs) has consequently led to more public money being injected into government banks to meet capital requirements