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Life Insurance Corporation of India pares 2% stake in NMDC

Life Insurance Corporation of India pares 2% stake in NMDC

Fri, Dec 13, 2024

State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing. After the stake sale, LIC's holding in the state-run iron ore mining company NMDC has dropped to 5.6 per cent from 7.6 per cent earlier.

LIC shares drop nearly 4% after November premium slump

LIC shares drop nearly 4% after November premium slump

Tue, Dec 10, 2024

LIC shares drop nearly 4% as November premiums decline by 27% year-on-year. Investors weigh the insurer’s underperformance against plans to expand into health insurance and support for increased FDI.

PM Narendra Modi to launch LIC Bima Sakhi Yojana

PM Narendra Modi to launch LIC Bima Sakhi Yojana

Sun, Dec 08, 2024

During his upcoming visit to Haryana, the Prime Minister will launch the LIC Bima Sakhi Yojana initiative aimed at empowering women aged 18-70 years under certain conditions. The Bima Sakhi Yojana drive is in tandem with the PM's commitment to women empowerment and financial inclusion.

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LIC sells 2% stake in Mahindra & Mahindra

LIC sells 2% stake in Mahindra & Mahindra

Sun, Jul 16, 2017

The Mahindra & Mahindra on Saturday said the Life Insurance Corporation of India (LIC) has brought down its stake to less than 10 per cent in the company by divesting around two per cent of its holding in the firm.

HDFC Life-Max Life merger on hold again as IRDA denies permission

HDFC Life-Max Life merger on hold again as IRDA denies permission

Fri, Jun 09, 2017

Max Life Insurance and HDFC Life had decided to merge to create a Rs 50,000 crore insurance company. However, IRDAI is not really pleased with their proposal and has turned down the scheme.

LIC earns total investment income of Rs 1.80 lakh crore in FY17

LIC earns total investment income of Rs 1.80 lakh crore in FY17

Sun, May 21, 2017

LIC has earned a total investment income of Rs 1,80,117 crore in FY17 through investment in government bonds and state development loans, interest, corporate bond interest, dividend income and profits on sale of equity.

LIC Launched new insurance policy named "Jeevan Umang"

LIC Launched new insurance policy named "Jeevan Umang"

Wed, May 17, 2017

LIC Launched new insurance policy named "Jeevan Umang" . Watch the full segment for more details.

PSU insurers gain big from ITC; private players turn 'responsible'

PSU insurers gain big from ITC; private players turn 'responsible'

Sun, Apr 16, 2017

The petition has alleged that the substantial investments made by wholly-owned public sector undertakings in the tobacco industry is in contradiction to the anti-tobacco stance taken by the Government of India on a national as well as on an international level.

Income Tax Department to launch simplified e-filing of ITR form from April 1

Income Tax Department to launch simplified e-filing of ITR form from April 1

Wed, Mar 29, 2017

Income Tax Department will introduce simplified e-filing of Income Tax return form on April 1 this year which will do away with some columns while filing the the IT returns.

Life insurers see dip in new business premium in February

Life insurers see dip in new business premium in February

Mon, Mar 13, 2017

Public life insurer Life Insurance Corporation of India (LIC) reported a 12.2% decrease in its new business premium (first year premium) in February to Rs 6,847.59 crore as compared to Rs 7,806.41 crore

Tata's brand value falls in 2017; Airtel climbs over 50 spots in India

Mon, Feb 06, 2017

The trouble brewing in the boardroom of Tata Sons has seen its impact on the brand value of the company in the Global list of brands.

Budget 2017: Aadhaar based Smart cards for Senior Citizens with their health records

Budget 2017: Aadhaar based Smart cards for Senior Citizens with their health records

Wed, Feb 01, 2017

Finance Minister, Arun Jaitley announced the introduction of Aadhaar based smart cards for senior citizens over the age of 60 years at the presentation of the Union Budget in the lower house of parliament.

Government's CPSE ETF receives bids of approximately Rs 12,000 crore

Government's CPSE ETF receives bids of approximately Rs 12,000 crore

Fri, Jan 20, 2017

The further fund offer (FFO) of CPSE has received bids of approximately Rs 12,000 crore over two and half times the base issue size of Rs 4,500 crore.

Of 24 life insurers, only 19 post profits in FY16, says IRDAI

Of 24 life insurers, only 19 post profits in FY16, says IRDAI

Sun, Dec 18, 2016

Of the 24 life insurance companies operating in India, only 19 insurers remained profitable in 2015-16 with the sector's overall profits dipping by 2.57%.

Life Insurance Corporation hikes stake in Bata to 7.05%

Life Insurance Corporation hikes stake in Bata to 7.05%

Sun, Dec 11, 2016

State-owned Life Insurance Corporation (LIC) has hiked its stake in footwear major Bata India by 2.03%, taking its total shareholding to 7.05% in the company.

Annual premium in life insurance grow over 20%

Annual premium in life insurance grow over 20%

Tue, Oct 18, 2016

Small players like Star Union Daichi and Indiafirst also reported strong (75-125%) growth likely due to activation of their banking channels.

If LIC was listed, it would be the most valued company in India: Arun Jaitley

If LIC was listed, it would be the most valued company in India: Arun Jaitley

Thu, Sep 01, 2016

If the nation's largest financial entity LIC is listed on the bourses, it would command the highest valuation in the country in terms of market capitalisation, Finance Minister Arun Jaitley said on Thursday.

ICICI Pru files for IPO; biggest issue in six years

ICICI Pru files for IPO; biggest issue in six years

Tue, Jul 19, 2016

Many more public sector based insurance companies are likely to enter the market via IPO.

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