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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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Stock Market Outlook on Friday, 23 December 2022: 10 things to watch out for, before markets reopen

Stock Market Outlook on Friday, 23 December 2022: 10 things to watch out for, before markets reopen

Thu, Dec 22, 2022

US markets fell on Thursday as the country reported better than estimated GDP growth numbers from July through September despite sharp interest rate hikes undertaken by the US Federal Reserve. This has sparked fears of further monetary tightening as inflation remains high in the world’s largest economy

Stock Market Today UPDATES, 20 December, 2022 Tuesday

Stock Market HIGHLIGHTS: Sensex, Nifty stage dramatic pull back after Japanese monetary policy tweak crashes Asian equities

Tue, Dec 20, 2022

Stock Market Today HIGHLIGHTS: In the 50-stock Nifty50, 39 stocks declined. The top gainers were Adani Enterprises, TCS, Reliance Industries, Axis Bank and Indusind Bank while top losers were SBI Life, Eicher Motors, UPL, Tata Motors and Hindustan Unilever

IDBI Bank Privatisation, Sale News: Latest Update From Government

IDBI Bank Privatisation, Sale News: Latest Update From Government

Wed, Dec 14, 2022

IDBI Bank Privatisation, Sale News: The government and the Life Insurance Corporation (LIC) hold 94.71 per cent of IDBI Bank and are looking to offload 60.72 per cent in the state-owned bank.

IDBI Bank privatisation: Deadline to submit bids likely to be extended till early January 2023 - check reason here!

IDBI Bank privatisation: Deadline to submit bids likely to be extended till early January 2023 - check reason here!

Sun, Dec 11, 2022

Since foreign investment bankers would not be working due to year-end holidays, the deadline would be extended, the official said.

LIC WhatsApp Number: List of services available and how to check premium - Details

LIC WhatsApp Number: List of services available and how to check premium - Details

Fri, Dec 09, 2022

LIC WhatsApp Number: Life Insurance Corporation of India (LIC) has launched WhatsApp Services. LIC WhatsApp Services is available for all registered LIC policyholders. The announcement was made by the insurance giant on social media platforms recently.

LIC increases stake in HDFC to 5.3% via open market--Check Details Here

LIC increases stake in HDFC to 5.3% via open market--Check Details Here

Tue, Dec 06, 2022

The country's largest insurer, Life Insurance Corporation of India, has increased its stake in HDFC Ltd to over 5% following the acquisition of shares from the open market.

LIC Child Plans: These plans offer guaranteed returns for children

LIC Child Plans: These plans offer guaranteed returns for children

Mon, Nov 14, 2022

LIC Child Plan, LIC Children Money Back Plan, LIC Child Plan 2022: LIC's Jeevan Tarun offers the double benefit of protection and saving for kids.

LIC share zooms 9% intraday as Q2FY23 profit jumps multifold; ICICI Securities tags ‘Buy’

LIC share zooms 9% intraday as Q2FY23 profit jumps multifold; ICICI Securities tags ‘Buy’

Mon, Nov 14, 2022

Life Insurance Corporation of India share price zoomed more than 9% intraday on November 14, as investors cheered the state-owned insurer's robust September quarter results.

ICICI Securities bullish on LIC stock post strong Q2 earnings; sees upside of 48% on long-term – check triggers

ICICI Securities bullish on LIC stock post strong Q2 earnings; sees upside of 48% on long-term – check triggers

Sat, Nov 12, 2022

LIC reported a multi-fold jump in net profit to Rs 15,952 crore in the September quarter, boosted by profits from its investments.

LIC Q2 Result: LIC net profit soars to Rs 15,952 crore in September quarter

LIC Q2 Result: LIC net profit soars to Rs 15,952 crore in September quarter

Fri, Nov 11, 2022

State-owned insurer LIC on Friday reported a multi-fold jump in net profit to Rs 15,952 crore in the September quarter, boosted by profits from its investments. The insurer had a net profit of Rs 1,434 crore in the year-ago period, according to a regulatory filing.

LIC’s shareholding in Divi’s Lab crosses 5%; stock down 13% in 2 sessions – brokerages recommend this

LIC’s shareholding in Divi’s Lab crosses 5%; stock down 13% in 2 sessions – brokerages recommend this

Wed, Nov 09, 2022

The shareholding in the company crossed the 5 per cent mark on November 7, 2022. The acquisition of shares was done at an average price of Rs 3,379.01, LIC said in a regulatory filing.

LIC buys extra 2% stake in this Tata Group company Voltas for Rs 635 crore – brokerage recommends Buy, check target price

LIC buys extra 2% stake in this Tata Group company Voltas for Rs 635 crore – brokerage recommends Buy, check target price

Mon, Nov 07, 2022

The state-owned life insurer increased its shareholding from 2,27,04,306 shares (equivalent to 6.862 per cent) to 2,93,95,224 (8.884 per cent) in Voltas, according to a regulatory filing on Monday.

LIC Housing Finance stock tanks on weak Q2FY23 results; Buy, Sell or Hold?--Check Target Here

LIC Housing Finance stock tanks on weak Q2FY23 results; Buy, Sell or Hold?--Check Target Here

Wed, Nov 02, 2022

Investors in the LIC Housing Finance shares did not take company’s weak September quarter results kindly and the stock received a severe beating on opening.

Domestic investor LIC crosses 5% holding in this Tata Motors; Jefferies recommends Buy – check target

Domestic investor LIC crosses 5% holding in this Tata Motors; Jefferies recommends Buy – check target

Tue, Nov 01, 2022

As per regulatory norms, listed companies are required to inform stock exchanges when their shareholding in a company crosses 5 per cent.

LIC Is Being Bullish In Which Sector? In Which Shares LIC Has Invested? Watch This For More Details

LIC Is Being Bullish In Which Sector? In Which Shares LIC Has Invested? Watch This For More Details

Tue, Nov 01, 2022

LIC is being bullish in which sector? In which shares LIC has invested? Know full details from Arman Nahar.

IDBI Bank privatisation: Govt, LIC may not have option to veto any proposals of new owner - report

IDBI Bank privatisation: Govt, LIC may not have option to veto any proposals of new owner - report

Sun, Oct 23, 2022

The government earlier this month invited bids for the sale of 60.72 per cent stake in IDBI Bank, which is 45.48 per cent owned by the government and 49.24 per cent by the Life Insurance Corporation of India (LIC).

Govt seeks $7.7 billion value for IDBI Bank in stake sale; stock rises over 2.5%

Govt seeks $7.7 billion value for IDBI Bank in stake sale; stock rises over 2.5%

Fri, Oct 21, 2022

The valuation target means the administration is seeking a premium of roughly 33 per cent, based on IDBI Bank’s market value of about $5.8 billion as of Thursday's close.

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

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

Wed, Oct 12, 2022

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. There is a decrease of 2.003 per cent in holding during the period from May 18, 2022 to October 11, 2022.

IDBI Bank To Soon Get Privatize: Government, LIC To Sell 60.72% Stake, Invite Bids

IDBI Bank To Soon Get Privatize: Government, LIC To Sell 60.72% Stake, Invite Bids

Fri, Oct 07, 2022

IDBI Bank will soon become Private Bank. Government will sell stake in IDBI Bank. LIC will also sell its stake. EOI issued for disinvestment. Watch exclusive conversation with DIPAM Secretary Tuhin Kanta Pandey.

IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids

IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids

Fri, Oct 07, 2022

The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution.

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