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LIC IPO: Govt may defer launch to next fiscal amid Russia-Ukraine war, say experts
Business | Mar 06, 2022, 11:55 AM ISTThe government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer. The IPO would have helped meet the curtailed disinvestment target of Rs 78,000 crore this fiscal.
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LIC IPO launch update: Govt may defer due to Russia-Ukraine crisis, wait for opportune time
Business | Mar 02, 2022, 07:31 PM ISTFinance Minister Nirmala Sitharaman too had indicated review of the IPO in view of the evolving geopolitical situation. "Ideally, I would like to go ahead with it because we had planned it for some time based purely on Indian considerations," Sitharaman had said in an interview with the Hindu Business Line.
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Cabinet allows up to 20% FDI in IPO-bound LIC: Sources
Business | Feb 26, 2022, 08:29 PM ISTThe decision in this regard was taken by the Union Cabinet, chaired by Prime Minister Narendra Modi. The government has approved listing of shares of LIC on the stock market through an IPO by part-sale of its stake in the insurer and raising fresh equity capital.
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LIC IPO: Govt to sell 31 crore equity shares in one of India's largest sales
Market | Feb 13, 2022, 11:57 PM ISTLIC's listing is crucial for the government to meet the lowered revenue estimates of Rs 78,000 crore for the current financial year. The government had an initial target of Rs 1.75 lakh crore from the disinvestment proceeds.
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LIC IPO to hit markets by March; draft papers to be filed with Sebi by January end
Business | Jan 13, 2022, 07:17 PM ISTLIC IPO is crucial for meeting the ₹1.75-lakh crore disinvestment target set for the current financial year ended March 2022.
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Govt refutes speculation over LIC IPO's delay, says it is 'on course'
Business | Dec 20, 2021, 11:50 AM ISTThe government is banking on the listing of LIC IPO and BPCL strategic sales for meeting its disinvestment.
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LIC IPO unlikely to take place this fiscal due to delay in valuation
Business | Dec 19, 2021, 02:57 PM ISTThere are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said.
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LIC AE, AAO Admit Card 2021 released, how to download
Jobs | Oct 22, 2021, 07:45 AM ISTLIC AE, AAO exam is scheduled to be held on October 31. Download hall ticket at licindia.in
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LIC to file draft IPO papers with Sebi by November
Business | Oct 03, 2021, 11:29 AM ISTOnce the draft red herring prospectus (DRHP) is filed, merchant bankers will hold global and domestic road shows for investors by January, the official said.
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LIC AAO Prelims Result 2021 declared, how to check
Jobs | Sep 29, 2021, 11:32 AM ISTCandidates who had appeared for the preliminary examination can check the result on the official website of LIC- licindia.in. The prelims was earlier conducted on August 28
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LIC IPO Update: 10 merchant bankers appointed for managing insurer's mega initial public offering
Market | Sep 10, 2021, 10:13 AM ISTThe listing of LIC will be crucial for the government in meeting its disinvestment target of Rs 1.75 lakh crore for 2021-22 (April-March).
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Over 58.82 crore Covid vaccine doses administered in India so far: Govt
India | Aug 23, 2021, 11:11 PM ISTAccording to the 7 pm provisional report, 56,10,116 vaccine doses have been administered on Monday, the ministry said.
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LIC launches campaign for policyholders to revive lapsed policies
Business | Aug 23, 2021, 06:58 PM ISTUnder the 'Special Revival Campaign', policies of specific eligible plans can be revived within five years from the date of the first unpaid premium, subject to certain terms and conditions, the insurer said in a release.
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LIC Credit Card: Enjoy no-cost EMIs, 2X reward points premium payment, bonus on Lumine, Eclat cards
Business | Jul 31, 2021, 12:54 PM ISTThe LIC credit cardholders will apparently be able to gain access to a range of new benefits that have been termed, ‘the best in class'.
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LIC IPO: Govt likely to invite bids from merchant bankers in July
Business | Jul 04, 2021, 12:25 PM ISTUp to 10 per cent of the LIC IPO issue size would be reserved for policyholders.
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Govt extends retirement age of LIC chairman to 62 years
Business | Jul 02, 2021, 06:23 PM ISTThe government has extended the superannuation age of IPO-bound LIC Chairman to up to 62 years by making amendment to the Life Insurance Corporation of India (Staff) Regulations, 1960.
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LIC launches Saral Pension Plan: Earn minimum Rs 12,000 pension yearly; Details
Personal Finance | Jul 02, 2021, 12:36 PM ISTThe Life Insurance Corporation (LIC) has launched a new annuity plan. The new scheme is called -- LIC Saral Pension plan.
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LIC Cards launches RuPay prepaid gift card 'Shagun'
Business | Jun 16, 2021, 03:26 PM ISTThe purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in future foray into the market of e-gift cards, LIC CSL said in a statement.
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IPO-bound LIC warns against misuse of its iconic logo
Business | Jun 13, 2021, 11:03 AM ISTLIC has issued a public warning over the unauthorized use or misuse of its iconic logo by anybody.
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Cabinet approves strategic disinvestment of IDBI Bank
Business | May 05, 2021, 06:48 PM ISTThe Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd.