LIC in talks with state-run banks for Nomura stake sale
Life Insurance Corporation (LIC) has initiated talks with public sector banks to sell the 35 percent stake held by its Japanese partner Nomura in its mutual fund arm, sources at the insurance behemoth said.
Oct 22, 2015, 23:13 PM IST
LIC Housing Finance to raise up to Rs 47,000 crore
LIC Housing Finance Ltd (LHFL) Monday it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis.
Sep 07, 2015, 20:47 PM IST
LIC taking advantage of market fall, buying stocks: Chairman
The recent fall in stock markets is a good buying opportunity for long-term investors, and LIC has been been buying stocks, said its Chairman S K Roy Monday.
Sep 07, 2015, 20:46 PM IST
LIC eyes increasing market share in policies, first premium
Life Insurance Corporation (LIC) has set a target to achieve 85 percent of its market share in terms of policies and 80 percent in terms of first premium by the end of the current fiscal.
Aug 19, 2015, 22:07 PM IST
LIC nets 15% gains from equity play at Rs 24,373 cr in FY15
In spite of mounting regulatory glare and analyst criticism, state-run financial sector powerhouse LIC has reaped rich returns from its equity market play in the last fiscal with 15 percent gains at Rs 24,373 crore.
Aug 02, 2015, 15:15 PM IST
LIC picks up additional 2% stake in Yes Bank
Country's largest insurer LIC has picked up additional 2 percent stake in Yes Bank that would be worth about Rs 698 crore at current market prices.
Jun 10, 2015, 19:04 PM IST
Bangladesh offers 2 SEZs to Indian companies
India will develop the economic zone near the government-sponsored one in Mongla, which is now under construction, Paban Chowdhury, executive chairman of Bangladesh Economic Zones Authority, told The Daily Star.
Jun 07, 2015, 17:48 PM IST
LIC raises stake in Canara Bank, BoB
Country's largest insurer Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 percent through preferential allotment of shares.
May 26, 2015, 20:40 PM IST
RBI sees 'contagion risk' in LIC's bank ownership: Report
The cross-holdings of India`s state-owned firms have long been an area of concern but are not often discussed in public by major regulators like the RBI.
May 21, 2015, 11:20 AM IST
LIC buys shares worth Rs 16,400 cr in 12 Sensex cos
State-owned insurance giant LIC has increased its exposure in 12 Sensex firms, including Coal India and Bajaj Auto, in the January-March quarter, with purchase of shares estimated to be Rs 16,400 crore at current valuation.
May 17, 2015, 11:33 AM IST
LIC's market share slips below 70% in FY15
Country's largest life insurer LIC Monday said its market share in terms of new premium income slipped to 69.21 percent in FY 2015 from 75 percent a year ago, as the corporation had to stop selling Ulip products and discontinue a host of other products in new regulatory regime.
May 11, 2015, 21:57 PM IST
LIC loses 5% new premium market share to rivals
Riding high on Unit Linked Insurance Plans (Ulips), some 23 of them have eaten up a full 5 per cent of new premium market from LIC.
May 01, 2015, 20:50 PM IST
LIC revamps senior-level mgmt, transfers 40 Eds
Amidst a marginal slide in its market share, life insurance giant Life Insurance Corporation has revamped its senior level management to improve performance by transferring as many as 40 executive directors early this month.
Apr 27, 2015, 18:24 PM IST
LIC sells about 2% stake in Tata Communications
State-owned Life Insurance Corporation (LIC) brought down its stake in Tata Communications by about 2.03 percent in the company through open market transaction.
Apr 13, 2015, 20:16 PM IST
LIC acquires 9.9% stake in rating agency CARE
Country's largest insurer LIC has picked up 9.9 percent stake in rating agency CARE for about Rs 428 crore.
Mar 19, 2015, 22:10 PM IST
IDBI Bank's NSE stake sale in next fiscal only
State-owned IDBI Bank plans to sell its entire 5 per cent stake in leading stock exchange NSE in the next fiscal as part of its capital raising exercise by existing non-core businesses.
Mar 08, 2015, 11:16 AM IST
Insurance unions give one-day strike call on Mar 9
Employee unions of the four state-owned non-life insurers and LIC have given a one-day strike call on March 9 to protest against the Insurance Bill.
Mar 05, 2015, 20:51 PM IST
LIC unveils Children's Money Back Plan & single premium plan
LIC Tuesday unveiled two insurance products, including Children's Money Back Plan, which will help the state-owned life insurer arrest the decline in its market share.
Mar 03, 2015, 20:32 PM IST
LIC reduces stake in Colgate-Palmolive to 2.98%
State-owned Life Insurance Corporation (LIC) has cut 2.03 percent stake in FMCG firm Colgate-Palmolive to bring down its shareholding in the company at 2.98 percent after selling 27.60 lakh shares in the open market.
Jan 29, 2015, 20:18 PM IST
LIC raises stake in Central Bank to 15%
Country's largest insurer LIC has raised its holding in Central Bank of India to 15 percent by picking up another 5.51 percent stake for Rs 626.23 crore.
Jan 19, 2015, 23:00 PM IST
