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The Latest Breaking News from LIC

LIC recoups losses as Adani Group shares rise

NEW DELHI: State-owned Life Insurance Corporation (LIC) has recouped losses on its investment in Adani Group stocks after shares of the apple-to-airport conglomerate rose for the third consecutive session.

The Times of India

Mumbai: Police Arrests Fugitive On Run For 15 Years; Identify Him From His Gold Teeth

A 38-year-old fugitive has been arrested after 15 years. "He was identified through his two gold teeth". Read further on Dynamite News:

Dynamite News

LIC chairman says, will meet Adani Group top management soon

MUMBAI: LIC chairman M R Kumar on Thursday said the officials of the public sector insurer will soon meet top management of the Adani Group and seek clarification on the crisis being faced by the diversified conglomerate.

The Times of India

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LIC's net income jumps manifold to Rs 8,334.2 crore in Q3

MUMBAI: Public sector insurer LIC on Thursday reported manifold jump in net income at Rs 8,334.2 crore during the three months ended December 2022 as against Rs 235 crore a year ago.

The Times of India

Regulations strictly followed while making investments: LIC tells govt amid concerns over exposure to Adani Group companies

NEW DELHI: Amid concerns in certain quarters over LIC's exposure to Adani group companies, the government on Tuesday said the insurer has informed that it strictly follows the statutory framework and regulations while making investments.

The Times of India

Hum Adani ke Hain Kaun: Congress targets PM Modi over Hindenburg report, minister hits back

NEW DELHI: Both the houses of Parliament were adjourned for the third consecutive day on Monday without transacting hardly any business over the situation having arisen out of the report published by American research organisation and short-seller Hindenburg about the shares of Adani Enterprises Ltd (AEL).

The Times of India

Uttar Pradesh: 16 Children Fall Ill After Eating Poisonous Jatropha Fruit In Mirzapur

As many as 16 children have fallen ill after allegedly eating poisonous Jatropha fruit in a colony in Chunar police station area on Saturday. Read further on Dynamite News:

Dynamite News

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Adani Group's loss swells to $65 billion; Hindenburg responds to charges

Shares of Adani Group companies remained under pressure for the third straight session on Monday with majority of them witnessing a crash yet again.

The Times of India

LIC raises stake in HDFC to over 5%

NEW DELHI: Life Insurance Corporation of India (LIC), the country's largest insurer, has increased its stake in HDFC Ltd to over 5 per cent following the acquisition of shares from the open market.

The Times of India

Indian govt seeks $7.7 billion value for IDBI Bank in stake sale

NEW DELHI: India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd in what could be the biggest sale of the government’s stake in a lender in decades, according to a person familiar with the matter.

The Times of India

IDBI Bank privatisation: LIC to recover its investment by time of sale

NEW DELHI: State-owned insurance behemoth LIC is expected to recover its Rs 21,624 crore investment it had made in IDBI Bank as share prices are likely to rebound to 2019 levels by the time the lender is privatised, an official said.

The Times of India

LIC sells over 2% stake in Power Grid for Rs 3,079 crore in 5 months

NEW DELHI: LIC has sold over 2 per cent of its holding in Power Grid Corporation over the past five months for Rs 3,079.43 crore, the insurer said on Wednesday.

The Times of India

Life insurers' new business premium up 17% at Rs 36,367 crore in September: Irdai

NEW DELHI: The new business premium income of domestic life insurance companies rose by 17.3 per cent to Rs 36,366.53 crore in September of this fiscal year, data from Irdai showed on Tuesday.

The Times of India

Financial bids for IDBI Bank likely to be invited by March, sale process to conclude next fiscal

NEW DELHI: The financial bids for IDBI Bank privatisation is likely to be invited by March and the conclusion of the sale process is expected in the next financial year, officials said.

The Times of India

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The Times of India

Govt invites bids for IDBI Bank privatisation; Centre, LIC to sell 60.72%

NEW DELHI: The government on Friday invited bids from investors for privatising IDBI Bank by selling a total of 60.72 per cent stake in the bank.

The Times of India

IPO mop-up plunges 32% to Rs 35,456 crore in H1: Report

MUMBAI: Just 14 companies raised Rs 35,456 crore through main-board primary share sales in the first half of the fiscal, down 32 per cent from the year-ago period when 25 issues had mopped up Rs 51,979 crore.

The Times of India

Merger between LIC Mutual Fund and IDBI MF in advanced stage, says LIC Mutual Fund MD

MUMBAI: Merger between LIC Mutual Fund and IDBI Mutual Fund is at a "fairly advanced stage", a top official said on Thursday.

The Times of India

LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore

NEW DELHI: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year.

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The Hindu

Two bankers, seven others get jail for fraud

HYDERABAD

The Times of India

LIC intends to raise market share in non-participating business, diversify channel mix: Chairman

NEW DELHI: Country's largest insurer LIC intends to raise its market share in non-participating insurance products as well as diversify the channel mix, a top company official said.

The Times of India

Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club

NEW DELHI: Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking.

The Times of India

Govt mulls selling at least 51% stake in IDBI Bank

NEW DELHI: The government is considering selling at least 51% of state-backed IDBI Bank Ltd, according to people with knowledge of the matter.

The Hindu

Tricolour in hand, patriotism in heart

Flag-hoisting, parades and colourful cultural events mark Independence Day celebrations in Telangana

The Hindu

LIC keen to re-enter mediclaim segment, awaiting regulatory clarity: Chairman

Recently, the new IRDAI Chairman Debasish Panda had said it was time life insurers re-entered the health vertical

The Hindu

LIC pensioners, employees seek increase in family pension

They allege Centre is delaying in according permission to the proposal

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