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The Latest Breaking News from LIC

NSE’s biggest bull bets bigger: LIC’s 10.72% stake gets Rs 450 crore anchor boost

LIC, NSE’s largest shareholder with a 10.72% stake, received shares worth about Rs 450 crore in the exchange’s anchor allocation ahead of its IPO. NSE raised Rs 6,746 crore from 189 investors at Rs 1,785 per share.

The Economic Times

NSE IPO: IFCI, New India Assurance, other stocks rally up to 9% as Rs 22,569 crore IPO opens. How much exposure do they have?

IFCI, New India Assurance and other stocks rallied after the Rs 22,569 crore NSE IPO opened for subscription. The companies have direct or indirect exposure to NSE, with several shareholders also selling stakes through the offer-for-sale. NSE’s IPO comprises 12.64 crore shares and is open for bidding until September 21.

The Economic Times

NSE IPO all set to open; co raises Rs 6,746 crore from anchor investors including LIC, Goldman Sachs

The NSE IPO, an offer for sale, is set to open for public subscription on September 17. The exchange secured Rs 6,746 crore from 189 anchor investors. Prominent participants included LIC, Morgan Stanley, and Goldman Sachs in this pre-IPO allocation. This public offering aims to raise a total of Rs…

The Economic Times

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TTD to offer Rs 2 lakh insurance to devotees; Andhra Pradesh CM Naidu announces major temple development plans

Tirumala Tirupati Devasthanams will offer insurance coverage to every devotee through LIC. The temple trust also plans to construct new Srivari temples globally and across Andhra Pradesh. Reliance Foundation and Bharat Biotech donated electric buses to promote eco-friendly transport for pilgrims. The government intends to develop Tirupati as a wedding…

The Economic Times

NSE IPO: Every Rs 10 move in shares could swing Radhakishan Damani’s wealth by nearly Rs 40 crore

Radhakishan Damani’s 1.58% stake in NSE could see its value swing by nearly Rs 40 crore for every Rs 10 move in the exchange’s share price after listing. His 3.91 crore shares are valued at around Rs 6,980 crore at the upper IPO price band of Rs 1,785.

The Economic Times

NSE's IPO to be second biggest till now as offer size cut, price band lowered

India's premier stock exchange, NSE, has finally revealed the long-anticipated details of its initial public offering. Existing investors will sell fewer shares at a revised price band, aiming to raise between Rs 21,494 crore and Rs 22,569 crore. The public can subscribe from September 17 to September 21, with the…

The Economic Times

Hidden goldmine! How NSE IPO will unlock Rs 95,000 crore value for over 20 listed companies

The NSE IPO could unlock significant hidden value for 26 listed shareholders, whose combined NSE holdings could be worth around Rs 94,619 crore at the tentative upper price of Rs 1,785 per share. LIC stands to benefit the most, with its 26.53-crore-share stake valued at around Rs 47,351 crore.

The Economic Times

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IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer

IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors.

The Economic Times

LIC expects no immediate government stake sale, eyes long-term growth: CEO

LIC does not expect the government to sell another stake in the insurer in the immediate future, CEO R Doraiswamy said. The state-owned insurer will focus on long-term investments, technology, simplifying claims and expanding protection and retirement products as it seeks wider insurance coverage.

The Economic Times

Jio, NSE IPOs: Do marquee IPOs really deliver big listing-day gains?

The anticipated IPOs from Jio and NSE are under the microscope as experts examine their potential for listing-day profits. Historical data from past mega IPOs reveal a mixed bag in terms of performance, with certain offerings incurring losses. The success of these upcoming stocks will hinge on precise pricing and…

The Economic Times

LIC, HDFC Life, other stocks rise up to 3% as Aug new business premium jumps 33% YoY. What Nuvama, others are saying

Life insurers reported a 33% YoY increase in total new business premium to Rs 41,198 crore in August, led by a sharp rise in group single-premium business. LIC posted more than 45% growth, while SBI Life and HDFC Life saw stronger retail-weighted premium growth.

The Economic Times

ICICI Bank shares in focus as LIC gets RBI nod to acquire 9.99% stake in private lender

ICICI Bank shares will be in focus after RBI approved LIC to acquire up to 9.99% in the lender within one year. LIC already holds over 4%. Despite recent weakness, ICICI Bank has gained 6% in 2026, with strong long-term returns. Major brokerages remain bullish on the stock.

The Economic Times

SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty

State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part…

The Economic Times

Curb misselling, not agents: Insurance reform needs a scalpel, not a hammer

Indian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution costs and improve policyholder value. However, these changes could negatively impact individual agents who reach uninsured populations. Banks, which also engage in misselling, may be less affected by the reforms. Sharper tools like…

The Economic Times

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The Economic Times

Insurer can't reject claim if alcohol habit disclosed before policy purchase: Consumer commission

A consumer commission ordered Edelweiss Tokio Life Insurance to pay over fifty lakh rupees. The company rejected a widow's claim despite disclosed alcohol consumption by her husband. Hypertension and diabetes were also noted as lifestyle diseases by the commission. The insurer was found guilty of deficiency in service for rejecting…

The Economic Times

LIC launches two new plans: LIC’s Bima Platinum and LIC’s Jeevan Raksha; Check details

New LIC plans: Today, Life Insurance Corporation of India has unveiled two innovative insurance plans designed to meet diverse needs. LIC's Bima Platinum focuses on providing savings alongside financial protection, featuring guaranteed additions. On the other hand, Jeevan Raksha offers essential risk coverage for families facing unexpected death.

The Economic Times

Huge growth opportunity as rising incomes, longevity fuel insurance demand: LIC CEO

India's insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix for a digital market. The company is enhancing its product portfolio and improving technology for better customer experience. LIC also focuses on asset management to provide competitive returns amid economic…

Times Life

What a Government Salary Teaches About Frugality, Savings, and Financial Stability

The Fixed Ceiling Is the Whole LessonA Grade B central government employee in India earns somewhere between ₹35,000 and ₹55,000 a month at entry level, with increments that move on a schedule, not on performance. There is no bonus quarter. There is no stock option. The number arrives on the…

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The Economic Times

7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit

Last week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore. The greatest impact was felt by Bharti Airtel and Reliance Industries, linked to concerns over global interest rates and geopolitical instability. Nonetheless, there was robust…

The Economic Times

Govt achieves 78 pc of FY27 divestment, asset monetisation Budget target in Apr-Aug

The government has achieved about 78% of its ₹80,000-crore FY27 disinvestment and asset monetisation target within five months. It has raised ₹62,124 crore so far, led by a ₹31,515-crore LIC stake sale, while the strategic sale of IDBI Bank remains on the table.

The Economic Times

Hindustan Copper OFS opens for retail investors. Should you apply in the metals major's offer?

The OFS opened for non-retail investors on August 4, and saw strong participation. It now opens for retail investors today. Investors can participate between 9.15 am and 3.30 pm using the separate OFS window on NSE and BSE. A minimum of 10% of the offer size has been reserved for…

The Economic Times

LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%

Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to 9.99 percent. Currently, LIC holds 4.11 percent of HDFC Bank's total share capital. The approval grants LIC flexibility to raise its investment in the lender. This…

Newslaundry

WaPo story on Adani: Gujarat cops search journalist Ravi Nair’s residences in Kerala and Delhi

On the afternoon of August 17, 2026, officials from the Gujarat police conducted parallel searches at two homes of journalist Ravi Nair in Kerala and Delhi. They seized two of Ravi’s mobile phones from his residence in Kerala. At Ravi’s Delhi residence, law enforcement officials took his son’s laptop, as…

The Economic Times

Mcap of five of top-10 most valued firms erodes by Rs 1 lakh cr; TCS takes biggest hit

Last week witnessed a drastic shift in the market, with five leading Indian firms losing a collective Rs 1 lakh crore in valuation. Tata Consultancy Services faced the brunt, seeing its market cap plummet the most. In contrast, five other companies thrived, experiencing notable valuation gains. Despite this volatility, Reliance…

The Economic Times

Independence Day 2026: The companies India built for business backbone enter a new chapter

2026 Independence Day: India's public sector, initially built for industrial necessity, is now undergoing a significant transformation. The government is increasingly selling stakes in state-owned companies to raise capital. This shift reflects a changing role from direct ownership to strategic shareholding. Public sector enterprises remain vital in key strategic and…

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