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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 expects income tax refund of Rs 25,464 crore in Q4

LIC expects income tax refund of Rs 25,464 crore in Q4

Sun, Feb 11, 2024

Last month, the Income Tax Appellate Tribunal (ITAT), Income Tax Department, issued intimation for a refund of Rs 25,464.46 crore. The refund is related to interim bonuses to policyholders in the past seven assessment years.

LIC Q3 Earnings : Exclusive Interview with LIC Chairman Siddharth Mohanty

LIC Q3 Earnings : Exclusive Interview with LIC Chairman Siddharth Mohanty

Fri, Feb 09, 2024

LIC presented excellent results in Q3, what is the reason for the decline in market share? What is LIC's plan regarding further growth? Watch the special discussion with LIC Chairperson Siddharth Mohanty.

LIC shares hit record high after state-run life insurance giant stages strong Q3 show

LIC shares hit record high after state-run life insurance giant stages strong Q3 show

Fri, Feb 09, 2024

LIC reported a 49.1 per cent year-on-year jump in standalone net profit to Rs 9,444.4 crore for the October-December period.

FIRST TRADE: Sensex, Nifty turn flat after opening in negative territory; LIC shares jump post-Q3 results

FIRST TRADE: Sensex, Nifty turn flat after opening in negative territory; LIC shares jump post-Q3 results

Fri, Feb 09, 2024

Stock market today: FII selling and bear onslaught are unlikely to take the market down significantly, analysts say.

LIC Q3 Results: PSU life insurance giant's net profit jumps 49% to Rs 9,444 crore

LIC Q3 Results: PSU life insurance giant's net profit jumps 49% to Rs 9,444 crore

Thu, Feb 08, 2024

LIC's net premium income for the quarter under review grew 4.7 per cent on a year-on-year basis to Rs 1.17 lakh crore, according to a regulatory filing.

Money will still be made in LIC, hold on...for long term forget buying LIC: Anil Singhvi

Money will still be made in LIC, hold on...for long term forget buying LIC: Anil Singhvi

Thu, Feb 08, 2024

LIC Share: PM Modi's statement in Rajya Sabha - LIC and HAL shares showed good growth, there is no question of selling LIC... Money will still be made in LIC... HOLD? Forget buying LIC for long term. ? Still a lot of value in LIC? LIC investors must see Anil Singhvi's opinion on LIC.

LIC launches Index Plus plan: Check premiums, sums insured, and other key details here

LIC launches Index Plus plan: Check premiums, sums insured, and other key details here

Thu, Feb 08, 2024

LIC launches Index Plus plan: The minimum age to get insured under this policy is 90 days. The maximum age has been kept at 85 years.

PM Modi tears into Congress for 'spreading lies' on LIC, PSUs

PM Modi tears into Congress for 'spreading lies' on LIC, PSUs

Thu, Feb 08, 2024

The prime Minister's reply in the Rajya Sabha exposed the Congress' “fake campaign” and "blatant lies" on the issue of PSUs being weakened by the government.

Mcap of eight of top-10 most valued firms climb Rs 2.90 lakh crore

Mcap of eight of top-10 most valued firms climb Rs 2.90 lakh crore

Sun, Feb 04, 2024

The mcap of ICICI Bank advanced by Rs 10,522.67 crore to Rs 7,19,033.83 crore and that of Infosys surged Rs 9,566.79 crore to Rs 7,03,024.44 crore.

D-Street Newsmakers: REC, HDFC Bank, UltraTech Cement among 10 stocks in spotlight today

D-Street Newsmakers: REC, HDFC Bank, UltraTech Cement among 10 stocks in spotlight today

Fri, Jan 19, 2024

Shares of the diversified financial services company ended 1 per cent higher at Rs 162.5 ahead of its earnings.

LIC Overtakes SBI in Market Capitalisation, Resumes Top PSU Position

LIC Overtakes SBI in Market Capitalisation, Resumes Top PSU Position

Wed, Jan 17, 2024

In a shift of positions, Life Insurance Corporation of India (LIC) has regained its status as the most valued listed public sector undertaking (PSU) by market capitalisation, surpassing State Bank of India (SBI). As of Jan 17, LIC reached a market cap of Rs 5.64 lakh crore, exceeding SBI's Rs 5.63 lakh crore.

LIC overtakes SBI in terms of m-cap to become the most valuable PSU; shares hit 52-week high but pare gains later

LIC overtakes SBI in terms of m-cap to become the most valuable PSU; shares hit 52-week high but pare gains later

Wed, Jan 17, 2024

LIC shares have gained over 26 per cent in a year, against the Nifty 50's rise of over 20 per cent. Meanwhile, SBI shares have gained over 5 per cent.

D-Street Newsmakers: LIC, Aster DM and Choice International among 10 stocks that hogged the limelight today

D-Street Newsmakers: LIC, Aster DM and Choice International among 10 stocks that hogged the limelight today

Tue, Jan 16, 2024

Nifty50 ended 0.29 per cent lower at 22,032.3, while Sensex ended 0.27 per cent lower at 73,128.77. Meanwhile, broader markets underperformed the headline indices.

D-Street Newsmakers: Wipro, BHEL, eMudhra among 10 stocks that hogged limelight today

D-Street Newsmakers: Wipro, BHEL, eMudhra among 10 stocks that hogged limelight today

Mon, Jan 15, 2024

At the close, Nifty ended at fresh closing peaks of 22,097.45, up 0.93 per cent or 202.9, while Sensex added 759.49 points or 1.05 per cent at 73,327.94. Meanwhile, India VIX also climbed over 5 per cent.

LIC gets income tax refund of Rs 25,464 crore

Fri, Jan 12, 2024

Pursuant to the order of the Income Tax Appellate Tribunal (ITAT), Income Tax Department has issued intimation for a refund of Rs 25,464.46 crore, LIC said in a regulatory filing.

LIC to pick up 10% stake in NHB-promoted company

LIC to pick up 10% stake in NHB-promoted company

Mon, Jan 08, 2024

In a regulatory filing, LIC said the board has cleared the proposal to invest in a new company, promoted by the NHB, for residential mortgage-backed securities, through equity contribution up to 10 per cent of the share capital.

LIC shares hit 52-week high after the insurer gets more time to achieve 25% MPS

LIC shares hit 52-week high after the insurer gets more time to achieve 25% MPS

Fri, Dec 22, 2023

As per SEBI’s MPS ruling, first implemented in 2010, all listed entities in India need to adhere to the MPS norm, which says that 25 per cent of the outstanding equity of the company must be mandatorily held by the public.

LIC to play key role in achieving 'Insurance For All by 2047: Chairman Siddhartha Mohanty

LIC to play key role in achieving 'Insurance For All by 2047: Chairman Siddhartha Mohanty

Sun, Dec 17, 2023

"I must thank the regulator. The regulator IRDAI has already proposed 'Bima Vistar', a composite product. The product will consist of life, health and property insurance," he said. To sell those products Bima Vahak would be engaged, he said, adding, it will be a women-centric distribution channel model.

LIC Cards, IDFC First Bank, Mastercard collaborate to launch co-branded credit card

LIC Cards, IDFC First Bank, Mastercard collaborate to launch co-branded credit card

Thu, Dec 14, 2023

Available in two variants -- LIC Classic and LIC Select -- the credit cards will let more than 27 crore policyholders across the country save in the form of reward points on every LIC insurance premium payment, as per a joint statement.

D-Street Newsmakers: IREDA, RITES and rate-sensitive stocks among 10 stocks that were in spotlight today

D-Street Newsmakers: IREDA, RITES and rate-sensitive stocks among 10 stocks that were in spotlight today

Fri, Dec 08, 2023

Indian equities cheered the RBI policy outcome and continued to hit record high after a day's breather. Nifty after logging an all-time high in today's session of 21,006.1 ended at 20,969.,4, up 0.33 per cent, while Sensex added 0.44 per cent or 304 points and settled at 69,825.6.

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