Thursday, Mar 28, 2024 | Last Update : 11:17 PM IST

LIC Page-3

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.

15 Jan 2018 3:06 PM

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.

11 Nov 2017 11:09 AM

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.

29 Oct 2017 12:58 PM

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.

30 Sep 2017 11:35 AM

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.

17 Sep 2017 11:07 AM

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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.

24 Aug 2017 5:09 PM

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.

15 Aug 2017 1:31 PM

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.

07 Aug 2017 6:05 PM

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.

18 Jul 2017 12:13 PM

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

07 Jul 2017 5:29 PM

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Lenders okay sale of Rs 86,000-crore Essar Oil to Rosneft

The sale involves the Ruias almost exiting its cash cow in favour of Russian giant Rosneft and a consortium led by Trafigura-UCP.

23 Jun 2017 2:01 PM

Govt sells 2.5 per cent stake in L&T to SBI, LIC

Government held 6.55 per cent stake in engineering firm L&T and post sale, its shareholding has come down to around 4 per cent.

22 Jun 2017 9:39 AM

ITR forms simplified for AY17-18; e-filing from April

Section 80D provides for tax deduction from the total taxable income for the payment of medical insurance premium.

30 Mar 2017 12:59 AM

LIC posts Rs 16,000 crore profit

The life insurer earned a total premium, of Rs 1.45 lakh crore against Rs 1,29 lakh crore the previous year.

28 Feb 2017 6:39 AM

Union Budget 2017: Senior citizens to get smart cards

A beginning will be made through a pilot in 15 districts during 2017-18, says Arun Jaitley.

02 Feb 2017 4:42 AM

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Government will divest 25 per cent stake in five insurance firms

The insurance sector in India comprises 24 companies operating in the life insurance business and 29 non-life insurers.

19 Jan 2017 1:43 AM

Cabinet clears listing of PSU insurance cos

Finance Minister Arun Jaitley says govt would take to OFS route and issue fresh shares for listing these companies on bourses.

18 Jan 2017 3:00 PM

LIC bonds to fund Mumbai Metro projects?

MMRDA had earlier put the auction of BKC land parcels on hold after HC order.

03 Dec 2016 6:18 AM

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