LIC acquires NMDC shares worth over Rs 1,116 cr

Last Updated: Wednesday, May 6, 2015, 13:56

State-owned iron ore miner NMDC on Wednesday said Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares shares worth over Rs 1,116 crore in a market purchase.

LIC loses 5% new premium market share to rivals

Last Updated: Friday, May 1, 2015, 20:50

Riding high on Unit Linked Insurance Plans (Ulips), some 23 of them have eaten up a full 5 per cent of new premium market from LIC.

LIC Nomura Mutual Fund lines up retirement plans

Last Updated: Thursday, April 30, 2015, 15:06

Encouraged by tax incentives for investment in retirement schemes floated by mutual fund houses, LIC Nomura MF has lined up plans to launch such product.

LIC revamps senior-level mgmt, transfers 40 Eds

Last Updated: Monday, April 27, 2015, 18:24

Amidst a marginal slide in its market share, life insurance giant Life Insurance Corporation has revamped its senior level management to improve performance by transferring as many as 40 executive directors early this month.

Global reinsurers make a beeline; RGA ropes in ex-LIC head

Last Updated: Wednesday, April 22, 2015, 10:29

Mathew joined RGA (Reinsurance Group of America) India as Managing Director and Chief Executive on March 30.

LIC buys Rs 300 cr Infosys shares in Q4, raises stake to 4.81%

Last Updated: Sunday, April 19, 2015, 10:38

State-owned life insurer LIC has shored up its stake in Infosys to 4.81 per cent, purchasing shares worth over Rs 300 crore in the January-March quarter.

LIC Housing Fin Q4 net up to Rs 378 crore, pays Rs 5 dividend

Last Updated: Saturday, April 18, 2015, 20:24

LIC Housing Finance on Saturday posted a marginal 2.2 percent increase in net profit to Rs 378.18 crore for the quarter ending March and decided to pay a dividend of Rs 5 per cent on equity share of Rs 2.

LIC sells about 2% stake in Tata Communications

Last Updated: Monday, April 13, 2015, 20:16

State-owned Life Insurance Corporation (LIC) brought down its stake in Tata Communications by about 2.03 percent in the company through open market transaction.

Dena Bank, LIC sign MoU to provide life cover under PMJBY

Last Updated: Monday, April 6, 2015, 20:33

Under the Memorandum of Understanding, LIC will give a life cover of Rs 2 lakh in case of death of the insured person at a nominal premium of Rs 330 per annum.

Canara Bank to get Rs 1,500 cr fund infusion from LIC soon

Last Updated: Friday, April 3, 2015, 16:09

At the current market price, Canara Bank would be able to raise about Rs 1,500 crore by issuing shares on preferential basis.

LIC keen on 40-year govt bonds

Last Updated: Wednesday, March 25, 2015, 16:28

Life insurance major LIC on Wednesday said it is keen on buying 40-year bonds which the government is set to issue this year.

BoI raises Rs 641 cr from share sale to LIC, New India Assurance

Last Updated: Friday, March 20, 2015, 15:26

Public sector lender Bank of India (BOI) on Friday said it has raised over Rs 641.99 crore by issuing shares on preferential basis to LIC and New India Assurance.