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The Latest Breaking News from LIC

LIC announces 1:1 bonus issue, sets May 29 as record date

LIC announced a 1:1 bonus issue, setting May 29 as the record date for eligibility. This follows Q4 earnings showing a 23% YoY rise in consolidated net profit, reaching Rs 23,467 crore. A final dividend of Rs 10 per share for FY 2025-26 was also recommended.

The Economic Times

LIC Q4 Results: Profit rises 23% YoY to Rs 23,467 crore; co declares Rs 10 per share dividend

LIC Q4 Results: State-owned Life Insurance Corp (LIC) reported ‌a ⁠23% year-on-year (YoY) growth in its consolidated net profit at Rs 23,467 crore in the fourth quarter of FY26, compared with Rs 19,039 crore in the last-year period.

The Economic Times

LIC to announce Q4 results today: Here's what to expect from the insurance behemoth

Life Insurance Corp (LIC) is poised to reveal its March quarter earnings today. Investors are keenly awaiting insights into new business growth, profit margins, and market share trends amidst escalating competition. Brokerages anticipate robust premium growth, driven by a favorable product mix and a strategic shift towards non-participating policies, signaling…

The Economic Times

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Stocks in news: ITC, Nykaa, Lenskart, Ola Electric, IndusInd Bank

Markets saw a volatile session with Nifty trading below the 23,800-24,000 resistance zone, though select heavyweight buying limited downside. Several companies like ITC, Nykaa, and IndusInd Bank are in focus due to Q4 results and news developments, including Lenskart's profit decline and Dr. Reddy's new diabetes drug launch.

The Economic Times

LIC bonus issue: Insurance behemoth gets shareholders' approval for 1:1 issue. Check details

Life Insurance Corporation of India (LIC) said shareholders approved its 1:1 bonus issue with overwhelming support. The insurer disclosed voting results, key managerial appointments and market movement following the announcement. It outlined record date conditions, bonus issuance details, financial impact, dividend history and upcoming quarterly results scheduled for May 21.

The Economic Times

WEC reschedules Qatar round following Middle East conflict postponement

The World Endurance Championship has updated its 2026 race calendar following the postponement of the opening round in Qatar

Autosport

Washington Post’s Adani-LIC story fizzled out in India. That says a lot

Whether the story had substance or not, it is intriguing that there has been little to no follow up in mainstream print media to the Washington Post expose about the Life Insurance Corporation’s investments in Gautam Adani’s companies, allegedly at the behest of the Modi government.

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India’s finance ministry ‘pushed’ for LIC investments in Adani Group: WaPo report

Officials of India’s finance ministry fast-tracked a proposal in May this year to direct approximately $3.9 billion in investments from the Life Insurance Corporation of India, a state-owned insurance and investment company, to an Adani group firm despite being aware of the risks, The Washington Post has reported.

Newslaundry

The ‘three jewels’ in the desert that have turned the Lusail International Circuit into a worldwide destination

Only two tracks in the world currently host events for F1, MotoGP and WEC – and only one of them faces the unique challenge of doing so at a location where the desert heat prevents summer racing.

Autosport

Who is Gautam Adani – Indian billionaire charged in US in $250m bribery case

Adani’s businesses lost over $150bn in market value last year after Hindenburg Research accused his group of improper use of offshore tax havens

The Independent UK

Woman goes to Raichur consumer forum to win ₹4.75 lakh LIC health insurance claim

Raichur District Consumer Commission orders LIC to pay widow ₹4.75 lakh with interest, penalty, and litigation cost.

The Hindu

LIC officer loses ₹25 lakh to impersonators

Impersonators claiming to be officers of the CBI and the Telecom Regulatory Authority of India have extorted ₹25.48 lakh from an Investigating Officer of the Life Insurance Corporation (LIC) of India

The Hindu

Maniratnam, Madras and urban flick Agni Natchathiram

Explore Mani Ratnam's urban masterpiece Agni Natchathiram, a cult hit capturing the essence of 1980s Madras with strong characters.

The Hindu

Morning Digest | U.S. probing Gautam Adani, Group over potential bribery; BRS MLC K. Kavitha arrested after ED searches, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on March 16, 2024

The Hindu

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The Hindu

District consumer commission orders LIC to pay ₹80 lakh to student whose father died in car accident

District consumer commission orders Life Insurance Corporation to pay ₹80 lakh to student whose father died in car accident, after initially denying claim due to undisclosed policy.

Autosport

How Qatar is heralding a new age for motorsport in the Middle East

Marking the series' first venture into the Middle East - doing so on the same year Formula 1 landed in Bahrain - the Qatar Grand Prix has become a mainstay on the calendar.

The Hindu

LIC to play key role in achieving 'Insurance For All by 2047: chairman

LIC will play a significant role and to meet that objective it is planning to launch a product especially designed for rural areas.

The Hindu

LIC exploring possibility of setting up fintech arm: Chairman

LIC exploring setting up fintech unit as part of digital transformation; launching new product with assured returns, loan facilities, premature withdrawal; 3-4 new product launches this year to accelerate growth

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The Hindu

BRS accuses Congress, BJP of having a ‘tacit understanding’ in Telangana

TRS Govt. in Telangana has enhanced wages without being asked, scrapped taxes for auto workers and tractors, promised to double salaries of resource persons & VAOs. BJP is anti-worker, has privatised railways, BSNL, LIC & PSUs. BJP & Cong. colluded to defeat TRS in by-elections. BRS only party to protect…

The Hindu

Walkathon against corruption organised in Kochi

Vigilance Study Circle, Kerala, organised a 'Walk Against Corruption' KOCHIA walkathon as part of Vigilance Awareness Week. Over 1,200 employees and family members of public sector organisations participated, flagged off by former High Court judge V.K. Mohanan. Heads of several organisations, such as Madhu S. Nair, B. Kasiviswanathan, Abhairaj Singh…

The Hindu

ED files charge sheet against man named in Panama Papers for holding undisclosed foreign assets

ED files charge sheet against man in Panama Papers case for possessing undisclosed assets abroad. ED alleges Sanjay Vijay Shinde, his wife Aparna and Venus Bay Offshore Ltd. used proceeds of crime to purchase properties, invest in mutual funds, shares, FDs, LIC policies and businesses. Total proceeds of crime estimated…

The Hindu

‘Medical camps on cancer detection can help spread awareness on the disease’

LIC's Senior Manager, Ramalingeswara Rao, praised Open Heart Social Organisation & Charitable Trust for their service activities & organising a cancer detection camp. 110 men & 155 women underwent tests. Dr. P. Nagamani explained cancer is a genetic disease caused by changes in genes. Most genetic changes are harmless, but…

The Hindu

62nd National Open athletics championship to commence on October 11

The 62nd National Open Athletics Championship will start in Bengaluru on Wednesday. 30 states and institutions like LIC, ONGC and IOC will be represented. Notable athletes include Jyothi Yarraji, Vithya Ramraj, Swapna Barman and D.P. Manu. Exciting events to watch out for!

The Hindu

Eight accused in stabbing incident arrested by Shivamogga Police

With the exception of a few skirmishes, the events have been peaceful. In two places, there were some differences about bursting crackers. Out staff rushed to the spot and resolved the differences within no time, said Shivamogga SP

Motorsport

Qatar is Aiming High as it Prepares to Welcome Back F1

Having successfully hosted MotoGP since 2004, Lusail International Circuit (LIC) was given the opportunity to stage F1 in November 2021 due to several races being lost because of the COVID pandemic.

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