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The Latest Breaking News from LIC

CAG expresses concern over TS utilising borrowed amounts for repayment of public debt

CAG expresses concern over State govt utilising borrowed funds for repayment of public debt in 2021-22. Revenue deficit of ₹9,335 crore incurred, with borrowings of ₹46,995 crore partly utilised for capital expenditure. Revenue receipts of ₹1.27 lakh crore spent on committed expenditure. Loans totalling ₹45,716 crore raised from open market,…

The Hindu

CAG expresses concern over Telangana Government utilising borrowed amounts for repayment of public debt

The CAG said the extent to which the fiscal deficit, as represented by borrowed funds, had been channelised towards the creation of capital assets was an indicator of prudent financial management. The borrowings of Rs. 46,995 crore in the year was partly utilised to meet the capital expenditure of Rs.…

The Hindu

Is India’s health research aligned with India’s health needs?

Two scientists used the World Health Organisation’s 2000-2019 ‘Global Health Estimates’ on disability-adjusted life-years to estimate the burden of diseases and the number of scientific publications (from the Web of Science database) to evaluate research efforts. They found that in most countries, health research focuses on diseases other than those…

The Hindu

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HAL stocks soar: BJP attacks Rahul Gandhi for ‘fake’ campaign against PM Modi

NEW DELHI: With the aerospace and defence company Hindustan Aeronautics Limited’s (HAL) shares registering impressive growth, the BJP has hit Congress leader Rahul Gandhi hard for running a campaign against Prime Minister Narendra Modi accusing the latter of weakening the public sector company.

The Times of India

Citing High Court order, Bangalore University decides to appoint syndicate members to LIC

A Local Inquiry Committee (LIC) plays an important role in giving affiliation to new degree colleges, autonomy to institutions of higher education, and renewal of affiliation to existing colleges. However, many syndicate members, who were part of LICs, were also owning degree colleges, leading to allegations of them influencing the…

The Hindu

Bengaluru: Jailed for months, a Bengali Hindu family is fighting to prove they’re Indian

It had barely been a month since Palash Adhikary, a resident of Burdwan district of West Bengal, had resettled on the outskirts of Bengaluru along with his wife and two-year-old son when police officers came knocking on his door in July 2022. Having lived in Burdwan all his life, Palash,…

Newslaundry

Explained | Decoding the expert committee report on Adani

Explaining the expert committee report on Adani which has shown regulatory fault with SEBI

The Hindu

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LIC announces relaxations for people affected by Cyclone Biparjoy

LIC has also created a portal link for the online submission of claims arising due to Biparjoy Cyclone.

The Hindu

LIC pensioners meet MP, seek support for their demands

The Hindu

LIC eases claim process norms for Odisha train accident victims

National insurer Life Insurance Corporation (LIC) on Saturday announced many relaxations for the claim settlement process for the victims of the Balasore train tragedy.

The Hindu

‘Centre plans to push LIC on privatisation path,’ alleges LICAOI leader

“Centre plans to push LIC on privatisation path,” alleges LICAOI leader

The Hindu

11.28 lakh Kudumbashree members provided insurance coverage

More than 11.28 lakh Kudumbashree women have been provided life insurance coverage through the Jeevan Deepam Oruma neighbourhood group insurance scheme

The Hindu

Siddhartha Mohanty appointed LIC chairman: Sources

Siddhartha Mohanty, one of the four managing directors at LIC, has been named chairman of the government-run insurance company

The Hindu

Lok Sabha Polls: Rahul Gandhi to address public rally, hold road show in Wayanad tomorrow

Congress leader Rahul Gandhi will visit Wayanad in Kerala on Tuesday. During his visit, he will address a public rally and hold a roadshow there. Read further on Dynamite News:

Dynamite News

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The Times of India

Fund raise through IPO more than halves to Rs 52,116 crore in FY23 from record high in FY22

MUMBAI: The total amount raised through initial public offerings (IPOs) more than halved to Rs 52,116 crore in FY23 from an all-time high collection of Rs 1,11,547 crore in the previous fiscal, according to an analysis.

The Times of India

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.

Dynamite News

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:

The Times of India

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.

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The Times of India

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).

Dynamite News

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:

The Times of India

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.

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