Business news: The RBI has said that all branches of the banks dealing with Government receipts and payments will remain open for transactions on March 30 and March 31 to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself.
LIC profit rises: LIC's total income increased to Rs 2,12,447 crore in the latest December quarter compared to Rs 1,96,891 crore in the year-ago period.
Its net premium income eased to Rs 1,07,397 crore in the second quarter of the current fiscal, from Rs 1,32,631.72 crore in the same period a year ago.
The accused woman had escaped to Gaya and started living in a rented accommodation after the investigating agencies arrested the LIC who was involved in this fraud case.
Over 13 lakh LIC agents and more than 1 lakh regular employees will benefit from these welfare measures, said the Ministry of Finance.
LIC advanced 1.62 per cent to settle at Rs 603.55 on the NSE. Its stock settled with a gain of 1.69 per cent at Rs 603.60 on the BSE.
The LIC recorded a multi-fold increase in the net profit to Rs 35,997 crore for Financial Year 2022-23.
Life Insurance Corporation (LIC) Chairman MR Kumar has said that he will meet Adani Group's top management soon, amid row over Hindenburg report.
LIC made its market debut at a discount of 8.11 per cent at Rs 872 per share on May 17.
LIC share is likely to remain under pressure this week as the lock-in period for anchor investors has ended.
LIC shareholders have lost around Rs 1,23,686 crore since its listing on May 17. The scrip is trading 20% lower than the IPO issue price.
LIC share price crashed nearly 3% on NSE and BSE each to close below Rs 800 on Monday.
LIC Share Price Today, LIC Dividend News: LIC has announced to pay a dividend of 15 per cent per share to its shareholders.
The government sold over 22.13 crore shares or a 3.5 per cent stake in LIC through the IPO. It fetched Rs 20,557 crore.
LIC Share Price: LIC IPO was subscribed 2.95 times. The government fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band.
The LIC IPO which opened on May 4 for retail and other investors is set to be allotted on May 12.
LIC Allotment Status: LIC IPO Those who have bid for LIC IPO can check their allotment status at BSE website or at the official website of its registrar KFin Technologies Limited. LIC IPO GMP has turned negative.
LIC IPO: Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received by the insurance giant.
LIC IPO: Overall, the country's biggest-ever IPO is more than fully subscribed as it has received 17,98,42,980 bids, as against 16,20,78,067 shares on sale.
The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. LIC's initial public offering (IPO), open for retail and institutional investors, is set to close on May 9. The issue period also includes bidding on Saturday, May 7.
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