Life Insurance Corp Of India

Govt likely to initiate roadshows in two weeks for divestment of its stake in LIC, reports CNBC-TV18; LIC shares trading nearly 3% lower on August 13

LIC shares jump 4% after Q1 net profit jumps 5%; should you buy, sell or hold?

Motilal Oswal Financial Services kept a ‘Buy’ call on the stock, but reduced its target price to Rs 1,080 apiece

No deal signed for health insurance yet, says LIC CEO R Doraiswamy

There is a delay in the deal, as we would like to observe the evolving health insurance market closely before making any definitive move, says Doraiswamy

Exclusive: Banks, LIC appoint SBI Capital Markets as merchant banker for stake sale in UTI mutual fund, say sources

The shareholding pattern of UTI mutual fund as on March 31 shows that PNB has a 15.22 percent stake, and Bank of Baroda, SBI and LIC hold 9.97 percent each

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LIC IPO | Draft papers filed. Here are the highlights of DRHP

The IPO consists of an offer for sale of upto 316.25 million shares by the government of India.

LIC’s ownership of shares in listed companies drops to fresh low: Report

The equity holdings of all insurance companies declined to a six-year low. LIC still commands the lion’s share of investments in equities among insurance companies.

LIC raises stake in OIL by 2%

LIC bought 1.22 crore shares or 2.04 percent of equity capital, to raise its stake in the company to 7.045 percent, according to stock market information.

LIC buys nearly 90% of Indian Oil's shares on offer

LIC's stake in the state-run oil marketing firm has gone up from 2.52 percent to 11.11 percent following its participation in India Oil Corporation (IOC) offer for sale which happened yesterday. The insurer bought as many as 20.87 crore shares or 8.59 percent of IOC, according to a filing by LIC.

India's state lenders face obstacles to raise capital

With the tailwind of a strong recent stock market performance on optimism about a new government led by Prime Minister Narendra Modi, the banks are preparing to raise capital to meet upcoming global regulations and to build a buffer against rising bad loans.

UTI names Leo Puri as MD after more than 2-year search

UTI, in which US-based asset manager T.Rowe Price Group holds a 26 percent stake, had been operating without a head since its previous chairman and managing director, U.K. Sinha, departed in February 2011 to take the top job at Securities and Exchange Board of India.

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

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.

LIC hikes stake in Cairn India to over 5%

Life Insurance Corp of India (LIC) has hiked its stake in Cairn India to over 5% through open market route that are about 5% costlier than the price at which the firm's former promoter, Cairn Energy has been selling its shares.

Retail opportunity has to be tapped, says Union Bank's ED

Union Bank of India is trying to strengthen its recovery process for bad loans and aims to lower its gross NPA ratio to 3% as against 3.33% in Q3. Concern over asset quality is the main reason why UBI shares have underperformed the benchmark Nifty over the last year. Compared to a 4.4% drop in the index, UBI shares have fallen over 28%.

LIC to invest $37bn in FY12

State-run insurer Life Insurance Corp of India expects to invest 1.9 trillion rupees in the fiscal year ending March 2012, acting chairman D.K. Mehrotra told reporters.