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

Last Updated: Thursday, February 12, 2015, 17:23

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

BoI shares up over 4.5% on fund raising plan

Last Updated: Tuesday, February 10, 2015, 13:27

Shares of Bank of India (BoI) today rose by over 4.5 per cent after the company said it will raise up to Rs 641.99 crore by selling shares to Life Insurance Corp and New India Assurance to fund its business growth and meet global risk norms.