LIC hikes stake in Hindalco to over 13%

Last Updated: Thursday, June 18, 2015, 19:56

Aditya Birla-led Hindalco on Thursday said insurance giant LIC has raised its stake in the aluminium maker to over 13 percent.

Housing finance stocks hog limelight, soar up to 5%

Last Updated: Thursday, June 18, 2015, 13:03

LIC Housing Finance surged 4.63 percent while Dewan Housing Finance Corporation rose 4.21 percent on BSE.

Cairn-Vedanta deal: LIC expresses doubts over valuations, debt

Last Updated: Tuesday, June 16, 2015, 22:35

LIC owns 9.06 percent in Cairn India, second only to 9.82 percent of UK's Cairn Energy plc. LIC also has a minority 1.77 percent holding in Vedanta. The merger needs approval of at least half of the minority shareholders.

Cairn Energy, LIC hold key to Cairn-Vedanta merger

Last Updated: Monday, June 15, 2015, 17:14

Edinburgh-based Cairn Energy plc and state-owned insurer LIC hold the key to billionaire Anil Agarwal's move to absorb his cash-rich oil firm Cairn India Ltd into debt-laden resources arm Vedanta Ltd.

LIC improves its performance, still loses market share in Apr

Last Updated: Sunday, June 14, 2015, 13:34

Overall, FY15 was not a productive year for the entire industry as total premium income plummeted by 6 percent to Rs 1,13,140 crore in FY15 from Rs 1,20,162 crore in FY14.

LIC picks up additional 2% stake in Yes Bank

Last Updated: Wednesday, June 10, 2015, 19:04

Country's largest insurer LIC has picked up additional 2 percent stake in Yes Bank that would be worth about Rs 698 crore at current market prices.

EPFO taps LIC to understand stock market investments

Last Updated: Sunday, June 7, 2015, 11:24

Ready to begin investing in stock markets with an exchange-traded basket of PSU stocks, Rs 6.5 lakh crore retirement fund manager EPFO has tapped state-run LIC to understand the contours of the equity investments.

LIC raises stake in Canara Bank, BoB

Last Updated: Tuesday, May 26, 2015, 20:40

Country's largest insurer Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 percent through preferential allotment of shares.

RBI sees 'contagion risk' in LIC's bank ownership: Report

Last Updated: Thursday, May 21, 2015, 11:20

The cross-holdings of India`s state-owned firms have long been an area of concern but are not often discussed in public by major regulators like the RBI.

LIC buys shares worth Rs 16,400 cr in 12 Sensex cos

Last Updated: Sunday, May 17, 2015, 11:33

State-owned insurance giant LIC has increased its exposure in 12 Sensex firms, including Coal India and Bajaj Auto, in the January-March quarter, with purchase of shares estimated to be Rs 16,400 crore at current valuation.

LIC's market share slips below 70% in FY15

Last Updated: Monday, May 11, 2015, 21:57

Country's largest life insurer LIC Monday said its market share in terms of new premium income slipped to 69.21 percent in FY 2015 from 75 percent a year ago, as the corporation had to stop selling Ulip products and discontinue a host of other products in new regulatory regime.