LIC Housing Finance to raise up to Rs 47,000 crore

Last Updated: Monday, September 7, 2015, 20:47

LIC Housing Finance Ltd (LHFL) Monday it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis.

LIC taking advantage of market fall, buying stocks: Chairman

Last Updated: Monday, September 7, 2015, 20:46

The recent fall in stock markets is a good buying opportunity for long-term investors, and LIC has been been buying stocks, said its Chairman S K Roy Monday.

LIC eyes increasing market share in policies, first premium

Last Updated: Wednesday, August 19, 2015, 22:07

Life Insurance Corporation (LIC) has set a target to achieve 85 percent of its market share in terms of policies and 80 percent in terms of first premium by the end of the current fiscal.

LIC to launch maiden ULIP product on Wednesday

Last Updated: Tuesday, August 18, 2015, 14:35

Endowment Plus, a unit linked insurance plan (ULIP) will offer investment cum insurance during the term policy and provide due benefit of risk cover and benefits of investment markets, LIC Senior Divisional Manager, Nagpur, R Chander said on Tuesday.

LIC nets 15% gains from equity play at Rs 24,373 cr in FY15

Last Updated: Sunday, August 2, 2015, 15:15

In spite of mounting regulatory glare and analyst criticism, state-run financial sector powerhouse LIC has reaped rich returns from its equity market play in the last fiscal with 15 percent gains at Rs 24,373 crore.

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.

Bangladesh offers 2 SEZs to Indian companies

Last Updated: Sunday, June 7, 2015, 17:48

India will develop the economic zone near the government-sponsored one in Mongla, which is now under construction, Paban Chowdhury, executive chairman of Bangladesh Economic Zones Authority, told The Daily Star.

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.

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.