Lic
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LIC to invest Rs 1.5-L cr in Indian Railways over next 5 years
Mar 11, 2015, 03:14 PM ISTNew Delhi: State-run insurance major LIC on Wednesday committed Rs 1.5 lakh crore to the Indian Railways for development of various commercially viable projects in one of the largest railway networks in the world.The investment
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LIC to fund cash-starved Indian Railways
Mar 02, 2015, 02:02 PM ISTNew Delhi: As unveiled by Railway Minister Suresh Prabhu in the Rail Budget, Indian Railways is all set to get fresh funds from the Life Insurance Corporation (LIC) of India.Quoting sources in the Railway Board,
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LIC, UAE bank to launch co-branded credit card
Jan 01, 2015, 03:36 PM ISTDubai: India's LIC International and Abu Dhabi-based First Gulf Bank are planning to introduce a unique co-branded credit card in the United Arab Emirates to address concerns of insurance policy holders.It is first of its
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LIC seeks list of those to be insured under PMJDY from IBA
Dec 27, 2014, 06:50 AM ISTMumbai: LIC, which has been asked by the government to provide life cover worth Rs 30,000 to beneficiaries of Pradhan Mantri Jan-Dhan Yojana (PMJDY), has asked Indian Banks' Association to provide a list of those
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LIC transfers Rs 1,644-crore surplus to Central government
Dec 17, 2014, 07:40 AM ISTNew Delhi: State-run behemoth Life Insurance Corporation (LIC) has transferred Rs 16,43.89 crore from its surplus account to the government, after distributing 95% of the total surplus as bonus to the policyholders.The amount was presented
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LIC sells Rs 7700 cr shares in 14 Sensex cos, ups stake in 10
Nov 02, 2014, 04:46 PM ISTNew Delhi: State-owned life insurer LIC lowered its exposure in 14 blue-chip firms during the July-September quarter with sale of shares that are currently worth about Rs 7,700 crore.At the same time, the insurer increased
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LIC favours raising FDI cap in insurance sector to 49 per cent
Sep 14, 2014, 10:17 AM ISTNew Delhi: Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee
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Dena Bank to raise Rs. 366 crore from General Insurance, LIC in preferential issue
Mar 25, 2014, 07:52 PM ISTNew Delhi: Dena Bank on Tuesday said it will raise Rs. 366 crore through a preferential allotment of shares to public sector insurers Life Insurance Corporation (LIC) and General Insurance Corporation (GIC). Life insurance giant
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LIC invests Rs 35,293 cr in 9 months of FY14
Mar 02, 2014, 04:41 PM ISTNew Delhi: The country's largest insurer Life Insurance Corporation has invested Rs 32,293 crore in the stock market in the nine months of 2013-14 and will invest another Rs 2,000 crore during this month for
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LIC beats pvt sector insurers in H1 premium collection
Nov 17, 2013, 04:00 PM ISTNew Delhi: Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 per cent growth in premium collection during the first half of the current fiscal.Several large private sector insurance
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LIC buys scrips worth Rs 14,500 cr in 15 Sensex constituents
Oct 27, 2013, 04:03 PM ISTNew Delhi: State-owned insurance giant LIC has increased its exposure in 15 blue-chip firms during the July-September quarter with purchase of shares estimated to be Rs 14,500 crore at current valuation.The holding of Life Insurance
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LIC to increase equity investment this fiscal: Chairman
Oct 24, 2013, 04:07 PM ISTMumbai: LIC is likely to cross its initial investment target of Rs 40,000 crore in equities this fiscal following the positive market sentiment, Chairman of the largest domestic institutional investor S K Roy said today.“We
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LIC cuts Infosys stake to 4.95%; sells Rs 3,400 cr shares
Oct 21, 2013, 10:29 AM ISTNew Delhi: State-owned life insurer LIC has pared stake in IT major Infosys to 4.95 per cent during the July-September quarter with sale of shares estimated at around Rs 3,400 crore.The biggest institutional investor in
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LIC nets Rs 4,' cr selling 6.73-cr HUL shares
Jul 26, 2013, 11:25 AM ISTNew Delhi, July 26: Life Insurance Corporation has sold 6.73 crore shares of Hindustan Unilever Ltd, fetching the company Rs 4,' crore through the deal. Hindustan Uniliver informed the stock exchanges that LIC sold the
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LIC cuts stake in 27 Nifty firms; sells shares worth Rs 8,000 crore
Feb 03, 2013, 01:29 PM ISTNew Delhi, Feb 3: State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling shares worth an estimated Rs
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LIC sells Dr Reddy's shares for Rs 875 cr; cuts stake to 6.31%
Jan 22, 2013, 05:35 PM ISTNew Delhi, Jan 22: Drug firm Dr Reddy's Laboratories on Tuesday said state-run Life Insurance Corporation (LIC) has cut its stake in the company to 6.31 per cent by selling shares worth Rs 875.29 crore
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LIC hikes Infosys stake by over 2%; buys stocks worth Rs 3k cr
Jan 09, 2013, 01:39 PM ISTNew Delhi, Jan 9: State—run insurer LIC has hiked its stake in Infosys to 7.24 per cent, raising its holding in the IT major for third straight quarter with an estimated purchase of shares worth
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LIC allowed to pick up to 30 per cent in listed firms
Nov 21, 2012, 06:59 PM ISTNew Delhi, Nov 21: Hard pressed to meet the Rs30,000 crore disinvestment target, the finance ministry on Wednesday permitted the state-owned Life Insurance Corporation to invest up to 30 per cent in a company as
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LIC trims holding in 15 Sensex cos by $1 billion
Oct 30, 2012, 05:37 PM ISTNew Delhi, Oct 30: Booking profit in the recent stock market uptrend, state-run insurance giant LIC offloaded shares worth over $1 billion in half of the 30 Sensex companies, including in RIL and ICICI Bank,
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LIC Housing Finance May Enter Banking Business
Nov 18, 2011, 05:31 PM ISTMumbai, Nov 18: LIC Housing Finance, a subsidiary of Life Insurance Corporation (LIC), may rope in an external consultant to advise it regarding its proposed foray into banking business.“We may rope in a consultant for