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The Latest Breaking News from LIC

Indian govt seeks $7.7 billion value for IDBI Bank in stake sale

NEW DELHI: India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd in what could be the biggest sale of the government’s stake in a lender in decades, according to a person familiar with the matter.

The Times of India

IDBI Bank privatisation: LIC to recover its investment by time of sale

NEW DELHI: State-owned insurance behemoth LIC is expected to recover its Rs 21,624 crore investment it had made in IDBI Bank as share prices are likely to rebound to 2019 levels by the time the lender is privatised, an official said.

The Times of India

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

NEW DELHI: 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.

The Times of India

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Life insurers' new business premium up 17% at Rs 36,367 crore in September: Irdai

NEW DELHI: The new business premium income of domestic life insurance companies rose by 17.3 per cent to Rs 36,366.53 crore in September of this fiscal year, data from Irdai showed on Tuesday.

The Times of India

Financial bids for IDBI Bank likely to be invited by March, sale process to conclude next fiscal

NEW DELHI: The financial bids for IDBI Bank privatisation is likely to be invited by March and the conclusion of the sale process is expected in the next financial year, officials said.

The Times of India

Govt invites bids for IDBI Bank privatisation; Centre, LIC to sell 60.72%

NEW DELHI: The government on Friday invited bids from investors for privatising IDBI Bank by selling a total of 60.72 per cent stake in the bank.

The Times of India

IPO mop-up plunges 32% to Rs 35,456 crore in H1: Report

MUMBAI: Just 14 companies raised Rs 35,456 crore through main-board primary share sales in the first half of the fiscal, down 32 per cent from the year-ago period when 25 issues had mopped up Rs 51,979 crore.

The Times of India

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Merger between LIC Mutual Fund and IDBI MF in advanced stage, says LIC Mutual Fund MD

MUMBAI: Merger between LIC Mutual Fund and IDBI Mutual Fund is at a "fairly advanced stage", a top official said on Thursday.

The Times of India

LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore

NEW DELHI: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year.

The Times of India

Two bankers, seven others get jail for fraud

HYDERABAD

The Hindu

LIC intends to raise market share in non-participating business, diversify channel mix: Chairman

NEW DELHI: Country's largest insurer LIC intends to raise its market share in non-participating insurance products as well as diversify the channel mix, a top company official said.

The Times of India

Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club

NEW DELHI: Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking.

The Times of India

Govt mulls selling at least 51% stake in IDBI Bank

NEW DELHI: The government is considering selling at least 51% of state-backed IDBI Bank Ltd, according to people with knowledge of the matter.

The Times of India

Tricolour in hand, patriotism in heart

Flag-hoisting, parades and colourful cultural events mark Independence Day celebrations in Telangana

The Hindu

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The Hindu

LIC keen to re-enter mediclaim segment, awaiting regulatory clarity: Chairman

Recently, the new IRDAI Chairman Debasish Panda had said it was time life insurers re-entered the health vertical

The Hindu

LIC pensioners, employees seek increase in family pension

They allege Centre is delaying in according permission to the proposal

The Hindu

Top news developments in Karnataka on August 4, 2022

Here are the key news developments to watch out for from Karnataka today

The Times of India

LIC breaks into Fortune 500 list, Reliance jumps 51 places

NEW DELHI: Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places.

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The Hindu

Partha Chatterjee, aide in ED custody till August 5

LIC policies, partnerships uncovered’

The Hindu

LIC staff plant saplings across Kadapa division

KADAPA

The Hindu

Kallakurichi violence a failure of the State police, charges Alagiri

He defends DMK on EB tariff hike, blames Centre’s UDAY for the hike

The Hindu

Fellow activists pay last respects to G. Rajashekara

They hail his lifelong association with progressive politics

The Times of India

LIC's embedded value stood at Rs 5.41 lakh crore at end of March

MUMBAI: Life Insurance Corporation of India (LIC) on Thursday said its embedded value stood at Rs 5,41,492 crore at the end of March this year compared to Rs 95,605 crore in the year-ago period.

The Times of India

Determining of embedded value likely to be completed by July 15: LIC

NEW DELHI: Insurance behemoth Life Insurance Corporation on Wednesday said the exercise of determining its embedded value as of March 2022 is on' and is likely to be completed by July 15.

The Times of India

LIC ups stake in Hero MotoCorp, HUL, Capri Global

NEW DELHI: LIC has increased its stake in Hindustan Unilever Ltd, Hero MotoCorp and non-banking finance company Capri Global Capital through open market purchases over the last few months, the life insurer said on Tuesday.

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