LIC acquires 9.9% stake in rating agency CARE

Last Updated: Thursday, March 19, 2015, 22:34

LIC acquired 28,82,136 shares of the rating agency through a bulk deal, CARE said in a BSE filing.

LIC acquires 9.9% stake in rating agency CARE

Last Updated: Thursday, March 19, 2015, 22:10

Country's largest insurer LIC has picked up 9.9 percent stake in rating agency CARE for about Rs 428 crore.

Advance tax: SBI pays 23% more at Rs 1794 cr, LIC outgo up 15%

Last Updated: Monday, March 16, 2015, 19:28

A clutch of financial institutions, including SBI, LIC and HDFC, have showed double digit growth in terms of advance tax payments for March quarter, say industry sources.

Rail bonds: LIC's hard bargain ensures good pricing

Last Updated: Wednesday, March 11, 2015, 20:46

Financial powerhouse LIC has made a hard bargaining for its Rs 1.5 trillion investments in Railway bonds by ensuring a coupon rate above 10 basis points higher than 10-year benchmark government paper.

LIC to invest Rs 1.5 lakh crore in rail infrastructure

Last Updated: Wednesday, March 11, 2015, 11:59

"LIC has taken the task of supporting Indian Railways... It is a commercial decision... LIC will invest Rs 1.5 lakh crore over a period of five years," Finance Minister Arun Jaitley said here.

Insurance unions give one-day strike call on Mar 9

Last Updated: Thursday, March 5, 2015, 20:51

Employee unions of the four state-owned non-life insurers and LIC have given a one-day strike call on March 9 to protest against the Insurance Bill.

LIC unveils Children's Money Back Plan & single premium plan

Last Updated: Tuesday, March 3, 2015, 20:32

LIC Tuesday unveiled two insurance products, including Children's Money Back Plan, which will help the state-owned life insurer arrest the decline in its market share.

RIL shares climb over 4% on LIC stake hike, earnings optimism

Last Updated: Tuesday, March 3, 2015, 18:14

Shares of RIL rose over 4 percent Tuesday, adding Rs 12,318.53 crore to investor wealth, on growing earnings optimism and as insurance major LIC increased its stake in the Mukesh Ambani-led firm to over nine percent.

Disinvestment in LIC, Air India, BSNL will unlock lakhs of crores of rupees: Deepak Parekh

Last Updated: Sunday, February 22, 2015, 19:02

Pitching for disinvestment in public sector behemoths like LIC, Air India and BSNL, top industry leader Deepak Parekh has said it can unlock huge funds worth "lakhs of crores of rupees" and shares should be given to retail investors without depending on the overseas entities.

LIC's new premium business jumps 52.7% in January

Last Updated: Wednesday, February 18, 2015, 21:05

The company has expressed the hope it would be able to arrest the minor fall in the overall market share in the ongoing quarter.

List Indian Railways, LIC under divestment programme: ANMI

Last Updated: Monday, February 16, 2015, 16:11

To bring in more retail investors into the stock markets, trading members' grouping ANMI has suggested listing of public sector enterprises like Indian Railways and LIC under the government's divestment programme.

LIC premium collection dips by 21%; market share slips to 70%

Last Updated: Thursday, February 12, 2015, 17:25

Life Insurance Corporation of India (LIC), the country's largest insurer, has seen its market share slip to 70 percent this fiscal as its new business premium shrunk by over 21 percent in April-December period.