SBI and Union Bank of India Set to Raise Rs 5,500 Crore
State Bank of India (NSE -1.81%) (SBI) and Union Bank of India will raise a total of about Rs 5,500 crore in 15-year bonds locally,...
Tag : LIC
Govt Tries to Relax IDBI Bank’s Public Shareholding Rules After Privatisation
The government has contacted the capital market regulator to ask IDBI Bank to relax its minimum public shareholding (MPS) norms for two years after privatisation,...
JSW Steel Share Price Up as LIC Raises stake in Steel Stock
JSW Steel shares rose 3% on Monday as street sentiment turned in favour of the Sajjan Jindal-led steel company after India’s state insurer Life Insurance...
HDFC Bank, SBI Plan to Raise Rs 10,000 Crore Via AT-1 Bond This Week
The Economic Times reported on September 5, citing people familiar with the matter, that banking giants HDFC Bank and State Bank of India (SBI) plan...
Bajaj Finance and Adani Transmission Exclude LIC from 10 Most Valuable Companies
Life Insurance Corporation of India, placed in India’s top 10 companies by market capitalisation, was replaced by Bajaj Finance and Adani Transmission, both of which...
IDBI Bank Hits Four-Month High on Privatisation Hopes
Shares of IDBI Bank Ltd surged more than 9% to a four-month high of Rs 43.85 on the BSE after Bloomberg reported that the government...
LIC Shares Trades Ex-Dividend Today
Focusing on Stock Today’s attention will be on the Life Insurance Corporation (LIC) of India, also known as LIC stock, whose shares will trade ex-dividend...
LIC Surges as Macquarie Analyst Suresh Ganapathy Upgrades Stock
Shares of Life Insurance Corporation of India (LIC) rose more than 3% on Aug. 16 after Macquarie Capital Securities analyst Suresh Ganapathy upgraded the stock...
RBI Allows IDBI Bank Bidders to Own More Than 40%
The government and LIC want to sell 51-74% of the lender through a strategic divestment. The official said the banking regulator had informed that it would...
ITC Returns to Top 10 in India by Market Cap, Shares Up 10% in One Month
Shares of ITC have been on an uptrend since the last week of February 2022. The stock has continued to rise over the past four-and-a-half...