LIC
LIC sells over 2 per cent stake in Merck Ltd; stock surges over 19 pc
Over 5.5 lakh shares of the company were traded on both NSE and BSE stock exchanges.
Axis Bank to raise Rs 11,626 crore from investors
Bank will raise Rs 9,063 crore from the share sale and Rs 2,563 crore from the sale of warrants.
Govt may rope in LIC in PSU bank recap programme
Finance Minister Arun Jaitley last week said that there were multiple options before the government for recap bonds.
LIC's surplus payout to govt up 15.8 pc at Rs 2,207 cr in FY17
In FY16, LIC had paid Rs 1,900 crore, thus showing a growth of 15.79 per cent in FY17.
Life insurers cut fresh exposure to equities by 57 per cent in FY17
Total assets held by the life insurance industry grew 18 per cent to Rs 29.81 trillion from Rs 25.29 trillion.
LIC trims stake in Tata Global Beverages to 5.67 pc
LIC sold 1.28 crore shares representing 2.03 per cent stake of TGBL in open market between July 4 and Aug 23.
Life insurers' new biz premium up 47 pc to Rs 20,428 cr in July
Cumulative premium collection by all insurers during April-July of 2017-18 rose 18 per cent to Rs 53,659.66 crore.
IRDAI working with govt to create a simple platform for KYC
Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector.
ITC's crash forces LIC to lose Rs 7,000 crore
With a 16.29 per cent stake in ITC, life insurance giant is largest shareholder in cigarette maker.
LIC buys additional shares in Bank of India for Rs 451 crore
Bank of India sold shares equivalent to LIC through an open market purchase on a preference shares allotment