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  • LIC's market share falls below 70% Jan 13, 2019 12:59 PM IST

    LIC's market share falls below 70%

    The market share of private insurers increased to 30.64 percent in 2017-18, from 28.19 percent in 2016-17.

  • Govt appoints Hemant Bhargava interim chairman of LIC Jan 01, 2019 08:19 PM IST

    Govt appoints Hemant Bhargava interim chairman of LIC

    Meanwhile, the government has already initiated process to select regular chairman and managing director of LIC.

  • BBB to hold interview to select LIC Chairman on January 4 Jan 01, 2019 04:27 PM IST

    BBB to hold interview to select LIC Chairman on January 4

    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.

  • Delhi HC dismisses appeal against LIC move to acquire 51% stake in IDBI Dec 21, 2018 11:43 AM IST

    Delhi HC dismisses appeal against LIC move to acquire 51% stake in IDBI

    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.

  • LIC makes open offer to acquire 26% stake in IDBI Bank Dec 18, 2018 10:11 PM IST

    LIC makes open offer to acquire 26% stake in IDBI Bank

    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.

  • Delhi HC rejects plea against LIC move to acquire 51% stake in IDBI Dec 17, 2018 02:43 PM IST

    Delhi HC rejects plea against LIC move to acquire 51% stake in IDBI

    Additional Solicitor General Tushar Mehta, appearing for LIC, had also said it has applied for a banking licence.

  • Tripura to take Rs 200 crore loan from HUDCO, LIC Dec 07, 2018 06:10 PM IST

    Tripura to take Rs 200 crore loan from HUDCO, LIC

    The Left Front, which ruled Tripura for 25 years since 1993, was defeated by the BJP and IPFT combine in the election this year.

  • LIC, GIC show interest in buying Air India building in Mumbai Dec 07, 2018 05:59 PM IST

    LIC, GIC show interest in buying Air India building in Mumbai

    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.

  • Govt not to participate in LIC's open offer in IDBI Bank Dec 04, 2018 02:17 PM IST

    Govt not to participate in LIC's open offer in IDBI Bank

    LIC's open offer to purchase 26 percent shares of IDBI Bank opened on December 3 and will close on December 14.

  • LIC surplus jumps over 10% in FY18, pays Rs 2,430.2 cr to govt Nov 30, 2018 08:19 PM IST

    LIC surplus jumps over 10% in FY18, pays Rs 2,430.2 cr to govt

    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.

  • Competition Comm approves LIC's majority stake buy in IDBI Bank Nov 27, 2018 08:39 PM IST

    Competition Comm approves LIC's majority stake buy in IDBI Bank

    With the deal, the insurer would have access to around 2,000 branches of the bank through which it can sell its products.

  • IDBI Bank puts IDBI Federal Life Insurance stake sale on hold till LIC acquisition concludes Nov 21, 2018 03:48 PM IST

    IDBI Bank puts IDBI Federal Life Insurance stake sale on hold till LIC acquisition concludes

    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

  • Did SBI, LIC, Central Bank nominees apprise companies of IL&FS mismanagement? MCA may seek probe Oct 30, 2018 01:31 PM IST

    Did SBI, LIC, Central Bank nominees apprise companies of IL&FS mismanagement? MCA may seek probe

    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.

  • Option trading lessons from the man who sold his trading system to JPMorgan Oct 27, 2018 01:44 PM IST

    Option trading lessons from the man who sold his trading system to JPMorgan

    Market folklore says that 95% of option buyers lose money. On the contrary, Subhadip Nandy consistently makes money taking directional trades using option strategies.

  • Life insurers' new premium income down 16% at Rs 17,491 crore in September Oct 12, 2018 10:09 AM IST

    Life insurers' new premium income down 16% at Rs 17,491 crore in September

    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.

  • LIC's open offer for 26% stake in IDBI Bank to begin from December 3 Oct 11, 2018 06:18 PM IST

    LIC's open offer for 26% stake in IDBI Bank to begin from December 3

    The open offer is in connection with the LIC's acquisition of 51 percent controlling stake in the state-owned IDBI Bank.

  • Podcast | Digging Deeper - Bailout corporation of India? A closer look at LIC, India’s white knight Oct 09, 2018 09:20 PM IST

    Podcast | Digging Deeper - Bailout corporation of India? A closer look at LIC, India’s white knight

    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.

  • LIC makes Rs 12,602 cr open offer for 26% stake in IDBI Bank Oct 04, 2018 10:40 PM IST

    LIC makes Rs 12,602 cr open offer for 26% stake in IDBI Bank

    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.

  • IDBI board approves issuance of preferential shares to LIC Oct 04, 2018 02:55 PM IST

    IDBI board approves issuance of preferential shares to LIC

    Besides, the board approved increasing authorized capital of the bank from Rs 8,000 crore to Rs 15,000 crore.

  • Exclusive | HDFC refuses to give loans to cash-starved IL&FS Sep 14, 2018 10:33 PM IST

    Exclusive | HDFC refuses to give loans to cash-starved IL&FS

    “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.

  • Trying to have a bank since 2000: LIC tells HC on move to acquire 51% stake in IDBI Sep 04, 2018 11:12 PM IST

    Trying to have a bank since 2000: LIC tells HC on move to acquire 51% stake in IDBI

    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".

  • IDBI Bank deal: Eco Affairs Secretary says LIC board exploring open offer Sep 04, 2018 02:27 PM IST

    IDBI Bank deal: Eco Affairs Secretary says LIC board exploring open offer

    Economic Affairs Secretary Subhash Chandra Garg said markets regulator SEBI will have to take a decision on the open offer

  • 62 and counting: LIC is getting too big for its shoes Sep 01, 2018 11:05 AM IST

    62 and counting: LIC is getting too big for its shoes

    LIC collected new business premium of Rs 1.34 lakh crore capturing a market share of 69.4 percent in FY18

  • IDBI Bank approves issuance preference shares to LIC Aug 31, 2018 03:42 PM IST

    IDBI Bank approves issuance preference shares to LIC

    At present, insurance behemoth LIC holds 7.98 percent stake in the public sector bank.

  • Is the government's bank recapitalisation plan actually working? Aug 06, 2018 12:49 PM IST

    Is the government's bank recapitalisation plan actually working?

    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

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