Life Insurance Corporation (LIC)

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

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

LIC provides another opportunity to revive lapsed policies

LIC provides another opportunity to revive lapsed policies

The insurance behemoth has launched a Special Revival Campaign starting from January 7 till March 6 for its customers to revive their lap...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.

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

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

State-owned Canara Bank on Friday said it has successfully raised Rs 2,000 crore equity capital by issuing over 19 crore shares to eligib...Read More

Top brands' value declines 6% in 2020; next year likely to be tough: WPP

Top brands' value declines 6% in 2020; next year likely to be tough: WPP

It will not be easier till the economy - which is expected to contract by up to 10 per cent in FY2021 - returns back to growth mode, Pree...Read More

LIC IPO: FinMin invites bids from transaction advisors

LIC IPO: FinMin invites bids from transaction advisors

The government proposes to engage up to two pre-IPO transaction advisors, for assisting the Department of Investment and Public Asset Man...Read More

LIC listing, IDBI Bank stake sale may be postponed

LIC listing, IDBI Bank stake sale may be postponed

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment targ...Read More

Good news for senior citizens: Modi Govt extends 'Pradhan Mantri Vaya Vandana Yojana' by 3 years till March 2023

Good news for senior citizens: Modi Govt extends 'Pradhan Mantri Vaya Vandana Yojana' by 3 years till March 2023

The Union Cabinet on Wednesday extended the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a social security scheme for senior citizens, for...Read More

Now, LIC offers free transactions on credit card payments

Now, LIC offers free transactions on credit card payments

Mumbai: To promote digital transactions, Life Insurance Corporation has waived off the convenience fee on all payments to the national in...Read More

PTC India Financial Services to raise Rs 250 cr from LIC under partial credit enhancement

PTC India Financial Services to raise Rs 250 cr from LIC under partial credit enhancement

New Delhi: PTC India Financial Services (PFS) said it will raise up to Rs 250 crore from Life Insurance Corporation (LIC) under partial c...Read More

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