LIC

LIC ties up with Paytm to handle all its digital payments

LIC ties up with Paytm to handle all its digital payments

State-run insurance firm, Life Insurance Corporation has appointed Paytm, digital payments major, to facilitate its digital payments. Wha...Read More

LIC employees to get over 25% wage hike

LIC employees to get over 25% wage hike

The new fiscal year 2020-21 has started for about 1.14 lakh employees of Life Insurance Corporation of India (LIC) on a happy note with o...Read More

Privatisation of banks: Has the government taken a U-turn in the case of IDBI Bank?

Privatisation of banks: Has the government taken a U-turn in the case of IDBI Bank?

Finance Minister Nirmala Sitharaman had in her Budget speech in 2021 said that other than IDBI Bank, the governemnt proposes to take up t...Read More

Teji Mandi Explains: LIC IPO - Major hurdles removed with amendments in LIC Act, 1956

Teji Mandi Explains: LIC IPO - Major hurdles removed with amendments in LIC Act, 1956

Finance bill 2021 has focused extensively on amending the LIC act of 1956. The bill has removed all the major legal and constitutional hu...Read More

RBI takes LIC-owned IDBI Bank out of PCA Framework

RBI takes LIC-owned IDBI Bank out of PCA Framework

The Reserve Bank of India on Wednesday said that it has taken IDBI Bank out of the Prompt Corrective Action Framework (PCAF). RBI said th...Read More

Centre proposes to raise LIC's authorised capital to Rs 25K cr

Centre proposes to raise LIC's authorised capital to Rs 25K cr

As per the amendments proposed under the Finance Bill 2021, the authorised share capital of LIC shall be Rs 25,000 crore divided into 2,5...Read More

Pawan Hans privatisation receives multiple bids

Pawan Hans privatisation receives multiple bids

The government has received multiple preliminary bids for strategic sale of Pawan Hans, DIPAM Secretary Tuhin Kanta Pandey said on Thursd...Read More

Up to 10% of LIC IPO issue size to be reserved for policyholders: Minister of State for Finance Anurag Thakur

Up to 10% of LIC IPO issue size to be reserved for policyholders: Minister of State for Finance Anurag Thakur

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders, Minister of State for Finance Anurag Thakur said on Tues...Read More

Budget 2021: Increasing FDI in insurance is a move to privatise LIC after the IPO, says former Bank Union General Secretary

Budget 2021: Increasing FDI in insurance is a move to privatise LIC after the IPO, says former Bank Union General Secretary

While the industry praised the government for going strong on disinvestment and privatisation plans, there are some voices against this ...Read More

Budget 2021: Insurance sector budget announcements presages deal activity

Budget 2021: Insurance sector budget announcements presages deal activity

At the beginning, expectations had been geared towards the taxation front in the insurance sector e.g. bring parity between pension prod...Read More

Ministerial panel to decide on number of CPSEs to be retained in each strategic sector, says DIPAM Secretary Tuhin Kanta Pandey

Ministerial panel to decide on number of CPSEs to be retained in each strategic sector, says DIPAM Secretary Tuhin Kanta Pandey

A panel of Ministers, comprising Finance Minister Nirmala Sitharaman and Road Transport Minister Nitin Gadkari, will take the final call ...Read More

LIC IPO may hit market in Q4 of next fiscal, says DEA Secretary Tarun Bajaj

LIC IPO may hit market in Q4 of next fiscal, says DEA Secretary Tarun Bajaj

The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced ame...Read More

LIC Pension and Group Schemes Vertical creates record by achieving Rs 1 lakh crore premium income

LIC Pension and Group Schemes Vertical creates record by achieving Rs 1 lakh crore premium income

LIC Pension and Group Schemes Vertical, looking after the Group Schemes and Superannuation business of the Corporation created a record b...Read More

Budget 2021: LIC IPO will be brought in FY22, says Nirmala Sitharaman

Budget 2021: LIC IPO will be brought in FY22, says Nirmala Sitharaman

Presenting the Union Budget, Union Minsiter Nirmala Sitharaman said that the government will bring the LIC IPO in Financial Year 2021-22....Read More

SAT sets aside Sebi's penalty on SBI, Bank of Baroda, LIC in UTI AMC case

SAT sets aside Sebi's penalty on SBI, Bank of Baroda, LIC in UTI AMC case

Securities and Exchange Board of India (Sebi), in August 2020, levied the fine on three financial institutions for failing to reduce thei...Read More

Teji Mandi: Three things investors should know on January 8, 2021

Teji Mandi: Three things investors should know on January 8, 2021

LIC teaches the golden rule of investing: For LIC, the current financial year appears set to be its best year in terms of equity returns....Read More

TCS buyback offer: Tata Sons tenders shares worth Rs 9,997 crore

TCS buyback offer: Tata Sons tenders shares worth Rs 9,997 crore

Tata Sons tendered shares worth Rs 9,997 crore of Tata Consultancy Services (TCS) during the IT major's Rs 16,000 crore-buyback offer tha...Read More

Government selects Milliman Advisors to ascertain LIC's embedded value ahead of IPO

Government selects Milliman Advisors to ascertain LIC's embedded value ahead of IPO

The government has selected actuarial firm Milliman Advisors for ascertaining embedded value of LIC, ahead of its initial public offer (I...Read More

LIC sells 2% stake in ICICI Bank

LIC sells 2% stake in ICICI Bank

Country's largest insurer Life Insurance Corporation (LIC) has sold 2 per cent stake in private sector lender ICICI Bank through open mar...Read More

Canara Bank raises Rs 2,000 cr via QIP; LIC largest investor

Canara Bank raises Rs 2,000 cr via QIP; LIC largest investor

LIC emerged as the largest investor in the bank's qualified institutional placement (QIP) issue.

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