IDBI Bank's board approves preferential issue of Rs 4,557 crore to government, Rs 4,743 crore to LIC
After this infusion, IDBI Bank expects to be able to subsequently raise further capital on its own and expects to come out of RBI`s Prompt Corrective Action (PCA) framework sometime next year.
Sep 19, 2019, 11:34 AM IST
Govt sells Rs 1,150 cr worth enemy shares in Wipro
The Custodian of Enemy Property for India offloaded more than 4.43 crore shares of the company at a price of Rs 258.90 apiece, according to block deal data available with stock exchange BSE.
Apr 05, 2019, 10:12 AM IST
RBI categorises IDBI Bank as private sector lender
In January, LIC completed the process of picking up a controlling 51 per cent stake in the nearly crippled IDBI Bank.
Mar 15, 2019, 12:43 PM IST
LIC raises stake in Coal India to 9.4%
The PSU which accounts for over 80 percent of the domestic coal production is eyeing 600 million tonnes of output in the ongoing fiscal.
Nov 01, 2017, 21:58 PM IST
LIC pays dividend of Rs 2,207 crore to government
The insurer manages assets worth more than Rs 25.72 lakh crore and had annual income of Rs 4.92 lakh crore in the year 2016-17.
Sep 29, 2017, 20:49 PM IST
Banks' borrowing rates will fall with lending rates: Arun Jaitley
"When lending rates go down, the borrowing rates will obviously come down. These are all inter-connected," Jaitley said in the Rajya Sabha during Zero Hour in reply to a question on the issue by Derek O`Brien of the Trinamool Congress.
Aug 03, 2017, 23:56 PM IST
Virbhadra case: Court to hear arguments on charge against LIC agent
A Delhi court on Wednesday fixed April 11 to hear arguments on charges against Life Insurance Corporation (LIC) agent Anand Chauhan in a disproportionate assets case involving Himachal Pradesh Chief Minister Virbhadra Singh.
Mar 08, 2017, 16:00 PM IST
Hemant Bhargava assumes office as LIC's second MD
Hemant Bhargava on Monday took over as a managing director of Life Insurance Corporation, to fill the vacancy created by the retirement of Sushobhan Sarkar in 2014.
Feb 13, 2017, 18:18 PM IST
V K Sharma appointed Chairman of LIC for five years: Government
Acting chairman of Life Insurance Corporation V K Sharma was on Wednesday appointed as the Chairman of the insurer for a term of five years.
Dec 14, 2016, 19:54 PM IST
LIC unveils new money-back plan to mark diamond jubilee
Insurance behemoth Life Insurance Corporation of India (LIC) on Saturday came out with a closed-ended plan -- Bima Diamond -- on the occasion of its diamond jubilee year.
Sep 17, 2016, 18:36 PM IST
LIC to fill posts for 2 MDs; yet to name chairman
State-owned life insurer LIC, which is yet to name a chairman after the incumbent SK Roy in June announced surprise retirement two years ahead of his tenure, is looking at selecting two MDs for which eight EDs have been called for interviews.
Aug 28, 2016, 14:05 PM IST
LIC invites applications for Advisers, Insurance Agents; 608 vacancies, last date to apply - August 30
LIC has invited candidates to apply for the posts of Adviser, Insurance Agent posts on a permanent basis.
Aug 03, 2016, 22:01 PM IST
ICICI Prudential Life files for India''s biggest IPO in six years
ICICI Prudential Life Insurance Co Ltd has filed for an initial public offering of shares, which sources have said could raise about $745 million in the biggest local IPO in six years.
Jul 18, 2016, 12:21 PM IST
LIC to hire 2 lakh agents, targets 4 crore new policy issuance
Giving itself an ambitious target, insurance behemoth LIC aims to double its business in terms of new policy issuance to four crore in the current fiscal and will hire two lakh new agents to augment its field strength.
May 18, 2016, 18:16 PM IST
LIC's gulf arm tops its overseas chart, chips in 80% income
Life Insurance Corporation (LIC) has had a good run in the Gulf countries with its Bahrain-based arm, LIC International, that manages the GCC markets becoming the best among its eight international subsidiaries in terms of new business premium collection in 2015.
May 15, 2016, 18:09 PM IST
NHPC share sale: Institutional buyers put in Rs 3,410 crore bids
State-owned hydropower producer NHPC Ltd's share sale Wednesday garnered 1.58 times subscription, totalling Rs 3,410 crore, with most bids coming in from LIC and mutual funds.
Apr 27, 2016, 23:48 PM IST
LIC clocks Rs 11,000 crore profit through equity investments in FY16
Life insurance giant LIC has made a profit of Rs 11,000 crore through its equity investments in the recently concluded 2015-16, a senior official said Thursday.
Apr 07, 2016, 18:10 PM IST
LIC AAO Results 2016 declared: Check here
The Life Insurance Corporation (LIC) of India on Friday declared the written test results of Assistant Administrative Officer.
Apr 02, 2016, 11:48 AM IST
IDBI Bank to raise Rs 1,500 cr by selling stake to LIC
State-owned IDBI Bank on Saturday said it plans to raise up to Rs 1,500 crore by selling stake to Life Insurance Corporation (LIC) by preferential issuance of shares to the insurer.
Feb 20, 2016, 20:19 PM IST
LIC employees agree for 15% salary hike, 5-day week
The management of Life Insurance Corporation (LIC) and the unions representing around 1 lakh employees of the insurance behemoth have agreed on a 15 percent wage hike, which will be effective from August, 2012.
Nov 25, 2015, 23:11 PM IST
