ITC Hits Rs 5.5 Trillion Market Cap, Shares Rise for 6th Straight Day
ITC’s market capitalisation touched the Rs 5.50 trillion mark, with shares of the cigarette-to-hotel giant touching a fresh high of Rs 443.85, up 1% on...
Tag : Life Insurance Corporation of India (LIC)
LIC’s New Business Premium Falls 50% After Tax Rule Changes
New business premiums (NBP) of Life Insurance Corporation of India (LIC) fell 50.41% YoY to Rs 5,810.1 crore in April 2023 due to a sharp...
Sebi Bans 3 Individuals, 2 Entities in LIC Front-Running Case
The Securities and Exchange Board of India (Sebi) has banned five entities, including an employee of Life Insurance Corporation of India (LIC), from trading in...
ITC Extends Rally, Hits New Highs, Share Soars 25% So Far in 2023
Shares of ITC continued to move north, hitting a fresh high of Rs 416.50, gaining 1% in intraday trade on Thursday on strong earnings expectations....
IDBI Bank Shares Up 10% on Report RBI Has Started Bid Evaluation Process
Shares of state-run lender IDBI Bank surged 13% in intraday trade before closing nearly 10% higher on the BSE on reports that the Reserve Bank...
IDBI Bank Privatisation Follows Strategic Sale Process, DIPAM Says
The Government of India has confirmed that the divestment of IDBI Bank is proceeding according to the defined strategic sale process. The Industrial Development Bank...
LIC’s Debt Exposure in Adani Group Companies Falls Slightly to Rs 6,183 Crore
LIC’s debt exposure in the Adani Group of Companies fell slightly to Rs 6,183 crore on March 5 from Rs 6,347 crore on December 31,...
LIC Loses 4% Market Share in Past 3-Months
Life Insurance Corporation of India (LIC) eroded its market share significantly between November 2022 and February 2023. The market share of India’s largest insurer fell...
LIC Shares Fall for Seventh Straight Session, Hits Record Low
Shares of Life Insurance Corporation of India (LIC) hit a record low of Rs 568.25 in intraday trade on Monday, down 3% in heavy volume....
Value of LIC’s Investment in Adani Group Companies Turns Negative
According to CNBC-TV18 analysis, Life Insurance Corporation of India’s investment in Adani Group, India’s largest insurance company, has turned negative. Based on the December shareholding...