LIC Plans to Sell Reliance Capital Bonds For Rs 3,400 Crore
On Monday, LIC had planned to sell its bonds worth Rs 3,400 crore, which were issued by Reliance Capital (RCAP) but did not find any...
Tag : LIC
Modi Government Reduces LWE-Affected districts by 70%: Amit Shah
On Tuesday, Union Home Minister Amit Shah said the Narendra Modi government had reduced the number of areas of the districts affected by left-wing extremism...
LIC Becomes 5th Largest Post IPO with Market Capitalization of Rs 6 trillion
Life Insurance Company of India (LIC) is set to launch the most extensive initial public offering (IPO) in the history of the Indian capital market,...
Mega Indian Insurers Reduces IPO Size as Ukraine War Damages Valuations
India is seeking to raise 300 billion rupees ($3.9 billion) through an initial public offering of state-owned life insurance companies, according to people familiar with...
Life Insurers Report New Business Premiums Up 37% In March
New business premiums (NBP) for life insurers rose 37 per cent to Rs 59,608.92 crore in March 2022, with market leader LIC recording a 51...
Govt Modifies FEMA Rules To Allow 20% FDI In LIC
The government has amended the Foreign Exchange Management Act (FEMA) rules, paving the way for up to 20 per cent foreign direct investment by insurance...
Why LIC Housing Finance Share dropped 5% on Wednesday? What’s ahead?
LIC Housing Finance Ltd NSE :LICHSGFIN BSE :500253 Sector : Finance Post results LIC Housing Finance Ltd share prices dropped more then 5% on Wednesday’s trading session, Stock closed...
NHAI in Eyes with LIC to Raise Rs 25,000 crore
Reportedly, the national highways building authority NHAI is in talks with Life Insurance Corporation (LIC) to raise around Rs 25,000 crores through the sale of...
LIC Sells 2% Stake in Axis Bank
On Monday, representing about 2 per cent stake, Life Insurance Corporation of India (LIC) sold over 5.25 crores shares of Axis Bank Ltd. through an...
LIC And IDBI Creates Task Force To Tackle Bad Debts
To implement synergies, Life Insurance Corporation of India and IDBI Bank Ltd. had put up a task force. About four months earlier, India’s biggest insurance...